Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0374%/8hpaid last 24h −0.109%

Price spread now: edgeX against KuCoin−0.347%53s7-day average +0.094% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as 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−$620.616% of the position

Long on KuCoin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.248%−$25 on $10k

Price spread, last 3 days (all we have)+1.972%+$197 · spread now −0.347%, 7d avg +0.094%

Together, before fees+1.723%+ Points / potential airdropedgeX: Active · farm board+$172 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and edgeX is 0.441% cheaper against KuCoin than usual: you would sell low and buy high (−$44 if the spread goes back to its 7-day average of +0.094%). Swap the legs. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.248% in total (about -13.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XMRUSDTM	579.12	0.0474	pay 0.0474% / 8h	4h 22m	$48.1M	$25.5M	50x
Short	edgeX XMRUSDC	577.11	0.0100	get 0.0050% / 4h	22m 32s	$1.0M	$677K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.347%Rate

Funding earned: −$78.54
Price spread: −0.347% → +0.094%: −$44.15
Slippage, 4 orders: −$40.61
Fee KuCoin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$184.3
Costs to cover: 0.616%
Break-even: never at this rate

Slippage from KuCoin: live order book, 11 min ago; edgeX: live order book, 1 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, 11 min ago	2.27 bp	15.2 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 1 min ago	10.37 bp	14.9 bp −$15	15.5 bp −$155	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	−0.0143%	1h	578.09	−0.177%	$5.5M	$20.5M	50x	as long as short
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0009%	1h	578.22	−0.156%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	554.47	−4.256%	$3K	$8K	12x	as long as short
Hyperliquid XMR	+0.0100%	1h	578.49	−0.110%	$81.3M	$60.8M	5x	as long as short
Bybit XMRUSDT	+0.0100%	8h	580.69	+0.271%	$45.8M	$59.6M	75x	as long as short
Backpack XMR_USDC_PERP	+0.0100%	1h	579.05	−0.012%	$167K	$528K	20x	as long as short
edgeX XMRUSDCshort	+0.0100%	4h	577.11	−0.347%	$1.0M	$677K	10x
Polymarket Perps XMR-USD	+0.0100%	1h	580.16	+0.180%	$83K	$1.7M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	578.44	−0.117%	$2K	$2.0M	20x	as long as short
Lighter XMR	+0.0112%	1h	578.37	−0.130%	$3.4M	$6.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo XMR-PERP	+0.0152%	1h	578.14	−0.169%	$12K	—	3x	as long as short
Gate XMR_USDT	+0.0192%	8h	578.73	−0.067%	$1.6M	$4.4M	50x	as long as short
SoDEX XMR-USD	+0.0271%	1h	579.03	−0.016%	$440K	$4K	5x	as long as short
MEXC XMR_USDT	+0.0299%	8h	579.60	+0.083%	$22.4M	$15.0M	100x	as long as short
Binance XMRUSDT	+0.0300%	8h	580.25	+0.196%	$53.8M	$159.8M	75x	as long as short
Variational Omni XMR	+0.0319%	8h	576.55	−0.444%	$6.9M	$3.9M	—	as long as short
Extended XMR-USD	+0.0360%	1h	579.39	+0.047%	$3.0M	$6.3M	25x	as long as short
Pacifica XMR	+0.0408%	1h	578.96	−0.028%	$268K	$1.1M	10x	as long as short
BingX XMR-USDT	+0.0412%	8h	579.50	+0.066%	—	$5.9M	—	as long as short
Paradex XMR-USD-PERP	+0.0412%	8h	579.32	+0.035%	$8K	$3K	20x	as long as short
BloFin XMR-USDT	+0.0420%	8h	578.93	−0.033%	$2.8M	$10.8M	75x	as long as short
Nado XMR-PERP	+0.0427%	1h	578.24	−0.152%	$1.3M	$462K	10x	as long as short
Bitget XMRUSDT	+0.0430%	8h	580.82	+0.294%	$9.8M	$14.3M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0454%	8h	577.60	−0.262%	$338K	$816K	10x	as long as short
KuCoin XMRUSDTMlong	+0.0474%	8h	579.12	long leg	$48.1M	$25.5M	50x
Aster XMRUSDT	+0.0552%	8h	578.56	−0.097%	$664K	$2.4M	75x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0751% / S −0.1066%	1h	577.89	−0.213%	$261K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0788%	8h	578.80	−0.055%	$49K	$714K	10x	as long as short
Aftermath Perps XMRUSD	+0.1602%	1h	576.76	−0.407%	$1K	$47K	10x	as long as short
dYdX XMR-USD	+0.1623%	1h	578.12	−0.173%	$105K	$48K	5x	as long as short
HTX XMR-USDT	+0.2277%	8h	577.00	−0.366%	$1.1M	$1.4M	20x	as long as short