Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0113%/8h= −12.4% APRpaid last 24h +0.243%

Price spread now: dYdX against KuCoin−0.003%7-day average −0.114% · you buy dearer than you sell

Net, funding: paid 7d − costs−$308as in the Funding arb table

Net, price: spread back to 7d avg − costs−$382as in the Price arb table

costs, in and out, $10k−$3933.932% of the position

Long on KuCoin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.849%+$85 on $10k

Price spread, last 4 days (all we have)−0.211%−$21 · spread now −0.003%, 7d avg −0.114%

Together, before fees+0.637%+$64 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.111% dearer against KuCoin than usual: you sell high and buy low (spread −0.003% now, against its 7-day average of −0.114%): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.849%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XMRUSDTM	581.78	0.0738	pay 0.0738% / 8h	6h 35m	$47.7M	$26.2M	50x
Short	dYdX XMR-USD	581.76	0.0625	get 0.0078% / 1h	35m 39s	$105K	$50K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against KuCoin. 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 KuCoinbpFee dYdXbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$23.83
Price spread: −0.003% → −0.114%: $11.12
Slippage, 4 orders: −$371.24
Fee KuCoin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$405.96
Costs to cover: 3.932%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; dYdX: live order book, 33 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 KuCoin live order book, 8 min ago	3.52 bp	19.9 bp −$20	59.2 bp −$592	doesn't fit	doesn't fit
Sell dYdX live order book, 33 min ago	78.18 bp	263.6 bp −$264	289.5 bp −$2,895	313.2 bp −$31.3K	799.5 bp −$399.8K

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 −0.0010%	1h	580.96	−0.140%	$34K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+2.575%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	582.82	+0.179%	$1.0M	$667K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	581.47	−0.053%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	581.43	−0.060%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0200%	1h	582.18	+0.068%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0471%	8h	582.74	+0.165%	$20.9M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0472%	8h	582.51	+0.125%	$53.3M	$168.3M	75x	as long as short
Gate XMR_USDT	+0.0523%	8h	582.52	+0.127%	$1.6M	$4.6M	50x	as long as short
Bitget XMRUSDT	+0.0588%	8h	582.53	+0.129%	$9.5M	$14.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX XMR-USDshort	+0.0625%	1h	581.76	−0.003%	$105K	$50K	5x
Aster XMRUSDT	+0.0640%	8h	582.40	+0.106%	$645K	$2.5M	75x	as long as short
BloFin XMR-USDT	+0.0679%	8h	591.31	+1.638%	$2.7M	$11.6M	75x	as long as short
KuCoin XMRUSDTMlong	+0.0738%	8h	581.78	long leg	$47.7M	$26.2M	50x
Backpack XMR_USDC_PERP	+0.0740%	1h	581.92	+0.024%	$182K	$535K	20x	as long as short
Pacifica XMR	+0.0821%	1h	582.82	+0.179%	$270K	$1.1M	10x	as long as short
Lighter XMR	+0.0888%	1h	582.65	+0.150%	$3.3M	$7.2M	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0905% / S −0.1100%	1h	580.51	−0.218%	$647K	—	100x	as long as short
BingX XMR-USDT	+0.0912%	8h	582.98	+0.206%	—	$5.8M	—	as long as short
GRVT XMR_USDT_Perp	+0.0945%	8h	583.38	+0.275%	$340K	$800K	10x	as long as short
Bybit XMRUSDT	+0.0961%	8h	582.01	+0.040%	$46.9M	$65.1M	75x	as long as short
Polymarket Perps XMR-USD	+0.0980%	1h	581.72	−0.010%	$52K	$2.0M	5x	as long as short
Variational Omni XMR	+0.0997%	8h	582.24	+0.080%	$6.6M	$2.9M	—	as long as short
Orderly PERP_XMR_USDC	+0.1047%	8h	582.12	+0.058%	$42K	$735K	10x	as long as short
Paradex XMR-USD-PERP	+0.1203%	8h	582.15	+0.063%	$8K	$4K	20x	as long as short
Kraken Futures PF_XMRUSD	+0.1315%	1h	581.22	−0.096%	$5.5M	$20.4M	50x	as long as short
Nado XMR-PERP	+0.1349%	1h	582.20	+0.073%	$1.3M	$466K	10x	as long as short
SoDEX XMR-USD	+0.1563%	1h	582.15	+0.064%	$442K	$3K	5x	as long as short
Hyperliquid XMR	+0.1666%	1h	583.18	+0.241%	$88.0M	$73.4M	5x	as long as short
Extended XMR-USD	+0.1992%	1h	582.87	+0.187%	$3.1M	$8.2M	25x	as long as short
Aftermath Perps XMRUSD	+0.2743%	1h	582.01	+0.039%	$1K	$46K	10x	as long as short