Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1247%/8h= +136.6% APRpaid last 24h +0.251%

Price spread now: Paradex against Injective−1.210%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 Paradex

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 airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 1.210% cheaper against Injective than usual: you would sell low and buy high (spread −1.210% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$121 on $10k: about 3.2 days of funding at the current rate (+$37 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XMR/USDC PERP	596.76	0.0033	pay 0.0004% / 1h	18m 30s	$3K	$4K	12x
Short	Paradex XMR-USD-PERP	589.54	0.1281	get 0.1281% / 8h	6h 18m	$8K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −1.210%Rate

Funding earned: $261.95
Price spread: −1.210% → 0.000%: −$120.95
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Paradex: 2 bp × 2 orders: −$4
Net: $136.98
Costs to cover: 0.040%
Break-even: 3.3 days

Slippage unknown: Injective: no order-book sample; Paradex: no order-book sample. 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 Paradex no order-book sample	—	—	—	—	—

Injective and Paradex: 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 30 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 −0.0010%	1h	588.89	−1.319%	$35K	—	150x	as long as short
Injective XMR/USDC PERPlong	+0.0033%	1h	596.76	long leg	$3K	$4K	12x
edgeX XMRUSDC	+0.0100%	4h	590.42	−1.063%	$1.1M	$669K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	589.31	−1.248%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	587.09	−1.620%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0216%	1h	590.04	−1.127%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0412%	1h	588.31	−1.416%	$107K	$50K	5x	as long as short
Binance XMRUSDT	+0.0523%	8h	589.51	−1.216%	$53.8M	$168.3M	75x	as long as short
MEXC XMR_USDT	+0.0525%	8h	589.78	−1.170%	$21.0M	$15.3M	100x	as long as short
Bitget XMRUSDT	+0.0616%	8h	589.74	−1.176%	$9.6M	$14.3M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XMRUSDT	+0.0703%	8h	589.79	−1.168%	$658K	$2.5M	75x	as long as short
Gate XMR_USDT	+0.0772%	8h	589.06	−1.290%	$1.6M	$4.6M	50x	as long as short
KuCoin XMRUSDTM	+0.0791%	8h	589.16	−1.274%	$48.3M	$26.2M	50x	as long as short
Pacifica XMR	+0.0821%	1h	589.82	−1.163%	$271K	$1.1M	10x	as long as short
Bybit XMRUSDT	+0.0836%	8h	589.57	−1.205%	$47.6M	$65.0M	75x	as long as short
BingX XMR-USDT	+0.0853%	8h	590.00	−1.133%	—	$5.8M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0943% / S −0.1174%	1h	588.75	−1.342%	$657K	—	100x	as long as short
Backpack XMR_USDC_PERP	+0.1020%	1h	589.16	−1.274%	$184K	$534K	20x	as long as short
Polymarket Perps XMR-USD	+0.1021%	1h	589.31	−1.248%	$33K	$2.1M	5x	as long as short
Variational Omni XMR	+0.1027%	8h	590.80	−0.999%	$6.7M	$2.9M	—	as long as short
Orderly PERP_XMR_USDC	+0.1063%	8h	589.85	−1.158%	$42K	$736K	10x	as long as short
Lighter XMR	+0.1072%	1h	589.57	−1.205%	$3.3M	$7.2M	10x	as long as short
GRVT XMR_USDT_Perp	+0.1103%	8h	588.79	−1.336%	$345K	$786K	10x	as long as short
Paradex XMR-USD-PERPshort	+0.1281%	8h	589.54	−1.210%	$8K	$4K	20x
Kraken Futures PF_XMRUSD	+0.1299%	1h	588.61	−1.367%	$5.6M	$20.5M	50x	as long as short
Nado XMR-PERP	+0.1493%	1h	589.75	−1.174%	$1.3M	$467K	10x	as long as short
Hyperliquid XMR	+0.1756%	1h	589.83	−1.161%	$89.1M	$73.7M	5x	as long as short
SoDEX XMR-USD	+0.1777%	1h	590.05	−1.124%	$448K	$3K	5x	as long as short
Extended XMR-USD	+0.2088%	1h	589.48	−1.221%	$3.2M	$8.3M	25x	as long as short
Aftermath Perps XMRUSD	+0.2771%	1h	589.02	−1.297%	$1K	$46K	10x	as long as short