Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1976%/8hnext payment −$19.76 per $10,000 · paid last 24h −0.732%

Price spread now: Bitget against HTX+0.277%46s7-day average +0.326% · you sell dearer than you buy

Net, funding: paid 7d − costs−$330as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1141.136% of the position

Long on HTX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−2.160%−$216 on $10k

Price spread, last 3 days (all we have)+0.292%+$29 · spread now +0.277%, 7d avg +0.326%

Together, before fees−1.868%−$187 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$59 a day on $10k at the current rate, and Bitget is 0.049% cheaper against HTX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.326%). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XMR-USDT	583.96	0.2400	pay 0.2400% / 8h	4h 06m	$1.1M	$1.4M	20x
Short	Bitget XMRUSDT	585.58	0.0424	get 0.0424% / 8h	4h 06m	$9.7M	$14.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against HTX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HTXbpFee BitgetbpOrdersPrice spread, now +0.277%Rate

Funding earned: −$414.94
Price spread: +0.277% → +0.326%: −$4.86
Slippage, 4 orders: −$89.59
Fee HTX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$533.38
Costs to cover: 1.136%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; Bitget: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy HTX live order book, 2 min ago	11.91 bp	43.5 bp −$43	399.8 bp −$3,998	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	4.45 bp	12.7 bp −$13	21.0 bp −$210	doesn't fit	doesn't fit

XMR on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_XMRUSD	−0.0141%	1h	585.00	+0.178%	$5.5M	$20.5M	50x	as long as short
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0009%	1h	584.97	+0.172%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	554.47	−5.050%	$3K	$8K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	585.41	+0.248%	$46.6M	$60.1M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	584.65	+0.118%	$1.0M	$678K	10x	as long as short
Polymarket Perps XMR-USD	+0.0100%	1h	586.07	+0.361%	$35K	$1.8M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	584.14	+0.031%	$2K	$2.0M	20x	as long as short
Aevo XMR-PERP	+0.0160%	1h	584.76	+0.137%	$12K	—	3x	as long as short
Gate XMR_USDT	+0.0239%	8h	585.56	+0.274%	$1.6M	$4.5M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0325%	1h	585.69	+0.296%	$168K	$530K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XMR	+0.0329%	8h	585.29	+0.227%	$7.0M	$3.8M	—	as long as short
MEXC XMR_USDT	+0.0330%	8h	586.34	+0.408%	$22.6M	$15.2M	100x	as long as short
Binance XMRUSDT	+0.0333%	8h	585.60	+0.281%	$54.3M	$160.9M	75x	as long as short
Lighter XMR	+0.0344%	1h	585.53	+0.270%	$3.5M	$6.7M	10x	as long as short
Hyperliquid XMR	+0.0367%	1h	586.15	+0.375%	$83.2M	$61.6M	5x	as long as short
BingX XMR-USDT	+0.0406%	8h	585.64	+0.288%	—	$5.9M	—	as long as short
Pacifica XMR	+0.0408%	1h	585.71	+0.299%	$266K	$1.1M	10x	as long as short
Bitget XMRUSDTshort	+0.0424%	8h	585.58	+0.277%	$9.7M	$14.3M	50x
BloFin XMR-USDT	+0.0451%	8h	585.88	+0.329%	$2.8M	$11.0M	75x	as long as short
KuCoin XMRUSDTM	+0.0498%	8h	585.41	+0.248%	$48.5M	$25.7M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0539%	8h	585.52	+0.267%	$343K	$816K	10x	as long as short
SoDEX XMR-USD	+0.0552%	1h	585.82	+0.319%	$445K	$4K	5x	as long as short
Nado XMR-PERP	+0.0559%	1h	585.56	+0.274%	$1.3M	$463K	10x	as long as short
Aster XMRUSDT	+0.0590%	8h	585.20	+0.212%	$654K	$2.4M	75x	as long as short
Paradex XMR-USD-PERP	+0.0594%	8h	585.53	+0.269%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0769% / S −0.1053%	1h	584.83	+0.149%	$279K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0797%	8h	585.56	+0.274%	$47K	$736K	10x	as long as short
Extended XMR-USD	+0.0824%	1h	585.55	+0.272%	$3.2M	$6.4M	25x	as long as short
Aftermath Perps XMRUSD	+0.1750%	1h	584.56	+0.102%	$1K	$48K	10x	as long as short
dYdX XMR-USD	+0.1804%	1h	584.30	+0.058%	$106K	$48K	5x	as long as short
HTX XMR-USDTlong	+0.2400%	8h	583.96	long leg	$1.1M	$1.4M	20x