Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.003%

Price spread now: edgeX against Injective−1.551%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 1.551% cheaper against Injective than usual: you would sell low and buy high (spread −1.551% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$155 on $10k: about 3 months of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XMR/USDC PERP	582.55	0.0033	pay 0.0004% / 1h	19m 20s	$3K	$3K	12x
Short	edgeX XMRUSDC	573.51	0.0100	get 0.0050% / 4h	3h 19m	$1.0M	$644K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Injective. 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 InjectivebpFee edgeXbpOrdersPrice spread, now −1.551%Rate

Funding earned: $14
Price spread: −1.551% → 0.000%: −$155.13
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$150.15
Costs to cover: 0.090%
Break-even: 82.1 days

Slippage unknown: Injective: no order-book sample; edgeX: live order book, 4 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell edgeX live order book, 4 min ago	10.30 bp	14.8 bp −$15	15.5 bp −$155	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0003%	1h	571.51	−1.894%	$37K	—	150x	as long as short
Injective XMR/USDC PERPlong	+0.0033%	1h	582.55	long leg	$3K	$3K	12x
edgeX XMRUSDCshort	+0.0100%	4h	573.51	−1.551%	$1.0M	$644K	10x
SunX XMR-USDT	+0.0100%	8h	572.89	−1.658%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	571.12	−1.962%	$1.0M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0224%	1h	572.73	−1.686%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSD	+0.0226%	1h	572.03	−1.806%	$5.4M	$19.5M	50x	as long as short
KuCoin XMRUSDTM	+0.0312%	8h	572.21	−1.775%	$45.0M	$26.4M	50x	as long as short
Paradex XMR-USD-PERP	+0.0372%	8h	572.68	−1.694%	$8K	$4K	20x	as long as short
Bitget XMRUSDT	+0.0519%	8h	572.64	−1.701%	$9.4M	$13.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XMR_USDT	+0.0527%	8h	572.49	−1.727%	$1.5M	$4.5M	50x	as long as short
MEXC XMR_USDT	+0.0557%	8h	572.58	−1.711%	$19.8M	$14.7M	100x	as long as short
Binance XMRUSDT	+0.0558%	8h	572.64	−1.701%	$52.3M	$163.1M	75x	as long as short
BingX XMR-USDT	+0.0591%	8h	572.87	−1.662%	—	$5.6M	—	as long as short
Lighter XMR	+0.0600%	1h	572.93	−1.651%	$3.1M	$7.5M	10x	as long as short
Backpack XMR_USDC_PERP	+0.0612%	1h	572.82	−1.670%	$169K	$532K	20x	as long as short
Bybit XMRUSDT	+0.0631%	8h	572.42	−1.739%	$46.6M	$64.4M	75x	as long as short
Extended XMR-USD	+0.0680%	1h	572.35	−1.752%	$3.1M	$8.3M	25x	as long as short
Pacifica XMR	+0.0682%	1h	572.54	−1.718%	$265K	$1.0M	10x	as long as short
Aster XMRUSDT	+0.0709%	8h	572.42	−1.739%	$639K	$2.3M	75x	as long as short
Polymarket Perps XMR-USD	+0.0746%	1h	572.30	−1.760%	$29K	$2.2M	5x	as long as short
BloFin XMR-USDT	+0.0909%	8h	574.02	−1.464%	$2.7M	$11.2M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0962%	8h	573.47	−1.559%	$339K	$739K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0988% / S −0.1217%	1h	571.19	−1.950%	$595K	—	100x	as long as short
dYdX XMR-USD	+0.0999%	1h	571.68	−1.866%	$104K	$44K	5x	as long as short
Nado XMR-PERP	+0.1102%	1h	572.95	−1.647%	$1.3M	$457K	10x	as long as short
Variational Omni XMR	+0.1135%	8h	573.72	−1.516%	$6.3M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1138%	8h	572.44	−1.735%	$40K	$735K	10x	as long as short
Hyperliquid XMR	+0.1255%	1h	572.32	−1.756%	$86.3M	$71.2M	5x	as long as short
SoDEX XMR-USD	+0.1409%	1h	573.26	−1.595%	$436K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.1927%	1h	572.45	−1.734%	$1K	$43K	10x	as long as short