Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0261%/8h= +28.5% APRpaid last 24h +0.116%

Price spread now: KuCoin against Injective−1.142%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 KuCoin

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—needs both histories

Funding pays, the price is against you. KuCoin is 1.142% cheaper against Injective than usual: you would sell low and buy high (spread −1.142% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$114 on $10k: about 15 days of funding at the current rate (+$8 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	56m 29s	$3K	$3K	12x
Short	KuCoin XMRUSDTM	575.90	0.0294	get 0.0294% / 8h	56m 29s	$45.5M	$20.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −1.142%Rate

Funding earned: $54.74
Price spread: −1.142% → 0.000%: −$114.15
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$71.43
Costs to cover: 0.120%
Break-even: 16.1 days

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago	4.07 bp	17.7 bp −$18	46.6 bp −$466	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 −0.0004%	1h	576.17	−1.095%	$33K	—	150x	as long as short
Injective XMR/USDC PERPlong	+0.0033%	1h	582.55	long leg	$3K	$3K	12x
edgeX XMRUSDC	+0.0100%	4h	578.04	−0.774%	$1.0M	$540K	10x	as long as short
Polymarket Perps XMR-USD	+0.0100%	1h	576.24	−1.083%	$28K	$1.8M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	576.25	−1.081%	$2K	$1.4M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	576.00	−1.124%	$1.1M	$1.3M	20x	as long as short
Extended XMR-USD	+0.0104%	1h	576.59	−1.024%	$3.0M	$8.0M	25x	as long as short
Backpack XMR_USDC_PERP	+0.0144%	1h	576.53	−1.033%	$175K	$479K	20x	as long as short
Aevo XMR-PERP	+0.0232%	1h	576.94	−0.963%	$12K	—	3x	as long as short
KuCoin XMRUSDTMshort	+0.0294%	8h	575.90	−1.142%	$45.5M	$20.5M	50x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XMR	+0.0296%	1h	576.46	−1.045%	$3.1M	$5.8M	10x	as long as short
Hyperliquid XMR	+0.0353%	1h	576.51	−1.037%	$87.4M	$63.1M	5x	as long as short
SoDEX XMR-USD	+0.0539%	1h	576.80	−0.987%	$438K	$3K	5x	as long as short
Bybit XMRUSDT	+0.0541%	8h	576.32	−1.069%	$46.7M	$55.1M	75x	as long as short
Bitget XMRUSDT	+0.0559%	8h	576.86	−0.977%	$9.6M	$11.1M	50x	as long as short
BingX XMR-USDT	+0.0568%	8h	577.32	−0.898%	—	$5.3M	—	as long as short
Binance XMRUSDT	+0.0580%	8h	576.61	−1.020%	$52.5M	$121.3M	75x	as long as short
MEXC XMR_USDT	+0.0585%	8h	576.72	−1.001%	$20.2M	$11.0M	100x	as long as short
Gate XMR_USDT	+0.0612%	8h	576.19	−1.092%	$1.5M	$2.8M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0614%	1h	575.84	−1.152%	$5.4M	$12.3M	50x	as long as short
Paradex XMR-USD-PERP	+0.0633%	8h	576.79	−0.989%	$8K	$3K	20x	as long as short
Pacifica XMR	+0.0735%	1h	576.69	−1.005%	$273K	$846K	10x	as long as short
Aster XMRUSDT	+0.0740%	8h	576.45	−1.047%	$644K	$1.8M	75x	as long as short
BloFin XMR-USDT	+0.0932%	8h	576.78	−0.990%	$2.7M	$10.5M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0940%	8h	577.61	−0.848%	$335K	$652K	10x	as long as short
Variational Omni XMR	+0.1008%	8h	577.39	−0.885%	$6.3M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1171%	8h	576.74	−0.997%	$41K	$517K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1171% / S −0.1547%	1h	575.91	−1.140%	$600K	—	100x	as long as short
Nado XMR-PERP	+0.1259%	1h	576.66	−1.011%	$1.3M	$435K	10x	as long as short
dYdX XMR-USD	+0.1500%	1h	575.73	−1.170%	$104K	$30K	5x	as long as short
Aftermath Perps XMRUSD	+0.1801%	1h	576.69	−1.006%	$1K	$41K	10x	as long as short