Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0268%/8h= +29.3% APRpaid last 24h +0.011%

Price spread now: Aster against Lighter−0.139%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$310.311% of the position

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.100%−$10 on $10k

Price spread, last 7 days+0.130%+$13 · spread now −0.139%, 7d avg −0.019%

Together, before fees+0.030%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.120% cheaper against Lighter than usual: you would sell low and buy high (spread −0.139% now, against its 7-day average of −0.019%). If the spread goes back, that is −$12 on $10k: about 36 hours of funding at the current rate (+$8 a day). Mind the row above: over the last 6 days funding on this pair cost −0.100%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 6 days it paid -0.100% in total (about -6.4% 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	Lighter XMR	571.95	0.0328	pay 0.0041% / 1h	32m 26s	$3.0M	$5.5M	10x
Short	Aster XMRUSDT	571.15	0.0596	get 0.0596% / 8h	7h 32m	$650K	$1.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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 LighterbpFee AsterbpOrdersPrice spread, now −0.139%Rate

Funding earned: $56.23
Price spread: −0.139% → −0.019%: −$11.99
Slippage, 4 orders: −$23.15
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: $13.09
Costs to cover: 0.311%
Break-even: 5.4 days

Slippage from Lighter: live order book, 6 min ago; Aster: 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 Lighter live order book, 6 min ago	1.71 bp	4.5 bp −$5	19.3 bp −$193	343.6 bp −$34.4K	doesn't fit
Sell Aster live order book, 1 min ago	1.66 bp	9.6 bp −$10	38.8 bp −$388	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
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0005%	1h	571.35	−0.105%	$34K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.854%	$3K	$3K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	570.90	−0.183%	$46.2M	$48.7M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	573.38	+0.250%	$1.0M	$538K	10x	as long as short
Polymarket Perps XMR-USD	+0.0100%	1h	570.48	−0.257%	$30K	$1.6M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	571.51	−0.077%	$2K	$1.2M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	572.81	+0.151%	$1.1M	$1.1M	20x	as long as short
Aevo XMR-PERP	+0.0200%	1h	572.45	+0.088%	$12K	—	3x	as long as short
Gate XMR_USDT	+0.0205%	8h	570.97	−0.171%	$1.5M	$2.7M	50x	as long as short
Lighter XMRlong	+0.0328%	1h	571.95	long leg	$3.0M	$5.5M	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XMRUSDTM	+0.0360%	8h	571.02	−0.162%	$45.2M	$17.4M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0372%	1h	571.31	−0.112%	$5.4M	$8.7M	50x	as long as short
Extended XMR-USD	+0.0408%	1h	571.49	−0.080%	$3.0M	$7.4M	25x	as long as short
Binance XMRUSDT	+0.0475%	8h	571.09	−0.151%	$52.1M	$102.6M	75x	as long as short
MEXC XMR_USDT	+0.0479%	8h	571.25	−0.122%	$19.9M	$9.7M	100x	as long as short
Hyperliquid XMR	+0.0495%	1h	570.91	−0.181%	$86.6M	$58.1M	5x	as long as short
BingX XMR-USDT	+0.0516%	8h	571.30	−0.113%	—	$5.2M	—	as long as short
Pacifica XMR	+0.0550%	1h	572.05	+0.019%	$268K	$751K	10x	as long as short
Bitget XMRUSDT	+0.0551%	8h	571.24	−0.124%	$9.4M	$10.1M	50x	as long as short
Aster XMRUSDTshort	+0.0596%	8h	571.15	−0.139%	$650K	$1.6M	75x
GRVT XMR_USDT_Perp	+0.0607%	8h	573.33	+0.242%	$334K	$631K	10x	as long as short
Paradex XMR-USD-PERP	+0.0624%	8h	572.38	+0.075%	$8K	$2K	20x	as long as short
BloFin XMR-USDT	+0.0776%	8h	572.26	+0.055%	$2.7M	$9.8M	75x	as long as short
Variational Omni XMR	+0.0792%	8h	572.71	+0.132%	$6.2M	$2.3M	—	as long as short
SoDEX XMR-USD	+0.0868%	1h	572.22	+0.048%	$435K	$4K	5x	as long as short
Nado XMR-PERP	+0.0986%	1h	571.15	−0.140%	$1.2M	$311K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1031% / S −0.1284%	1h	570.28	−0.292%	$594K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1089%	8h	571.17	−0.136%	$40K	$414K	10x	as long as short
Backpack XMR_USDC_PERP	+0.1355%	1h	571.94	−0.001%	$136K	$420K	20x	as long as short
dYdX XMR-USD	+0.1589%	1h	571.39	−0.098%	$103K	$28K	5x	as long as short
Aftermath Perps XMRUSD	+0.2007%	1h	571.97	+0.004%	$1K	$38K	10x	as long as short