Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0331%/8h= +36.3% APRpaid last 24h −0.039%

Price spread now: Binance against Lighter+0.017%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$340.342% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 7 days+0.014%+$1 · spread now +0.017%, 7d avg +0.036%

Together, before fees−0.196%+ Points / potential airdropLighter: Season 3 · farm board−$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.036%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.210%, 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 7 days it paid -0.210% in total (about -11.0% 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	Lighter XMR	575.07	0.0304	pay 0.0038% / 1h	30m 13s	$3.1M	$6.2M	10x
Short	Binance XMRUSDT	575.17	0.0635	get 0.0635% / 8h	1h 30m	$52.3M	$138.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.017%Rate

Funding earned: $69.58
Price spread: +0.017% → +0.036%: −$1.86
Slippage, 4 orders: −$24.24
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: $33.48
Costs to cover: 0.342%
Break-even: 3.6 days

Slippage from Lighter: live order book, 8 min ago; Binance: live order book, 13 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, 8 min ago	3.56 bp	4.2 bp −$4	13.0 bp −$130	124.4 bp −$12.4K	doesn't fit
Sell Binance live order book, 13 min ago	0.61 bp	6.4 bp −$6	24.3 bp −$243	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 −0.0004%	1h	573.96	−0.192%	$32K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.301%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	574.12	−0.166%	$1.0M	$633K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	574.33	−0.129%	$2K	$1.6M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	574.00	−0.186%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0240%	1h	574.41	−0.115%	$12K	—	3x	as long as short
Lighter XMRlong	+0.0304%	1h	575.07	long leg	$3.1M	$6.2M	10x
KuCoin XMRUSDTM	+0.0314%	8h	574.92	−0.026%	$45.3M	$23.5M	50x	as long as short
Extended XMR-USD	+0.0344%	1h	574.84	−0.039%	$3.0M	$8.3M	25x	as long as short
Polymarket Perps XMR-USD	+0.0496%	1h	574.91	−0.028%	$23K	$2.0M	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0590%	8h	575.35	+0.049%	$9.5M	$11.8M	50x	as long as short
BingX XMR-USDT	+0.0612%	8h	575.07	0.000%	—	$5.4M	—	as long as short
Kraken Futures PF_XMRUSD	+0.0633%	1h	574.11	−0.167%	$5.4M	$16.6M	50x	as long as short
MEXC XMR_USDT	+0.0635%	8h	575.15	+0.014%	$20.1M	$14.4M	100x	as long as short
Binance XMRUSDTshort	+0.0635%	8h	575.17	+0.017%	$52.3M	$138.9M	75x
Bybit XMRUSDT	+0.0637%	8h	574.89	−0.031%	$46.6M	$59.5M	75x	as long as short
Gate XMR_USDT	+0.0666%	8h	574.72	−0.061%	$1.5M	$3.3M	50x	as long as short
dYdX XMR-USD	+0.0700%	1h	573.82	−0.217%	$104K	$43K	5x	as long as short
Aster XMRUSDT	+0.0794%	8h	575.33	+0.045%	$637K	$2.0M	75x	as long as short
Hyperliquid XMR	+0.0818%	1h	575.00	−0.012%	$87.1M	$65.9M	5x	as long as short
Paradex XMR-USD-PERP	+0.0819%	8h	575.72	+0.113%	$8K	$3K	20x	as long as short
Backpack XMR_USDC_PERP	+0.0866%	1h	574.56	−0.089%	$174K	$524K	20x	as long as short
SoDEX XMR-USD	+0.0958%	1h	575.10	+0.005%	$437K	$3K	5x	as long as short
Nado XMR-PERP	+0.0987%	1h	575.43	+0.063%	$1.3M	$444K	10x	as long as short
GRVT XMR_USDT_Perp	+0.0994%	8h	574.39	−0.119%	$343K	$711K	10x	as long as short
Pacifica XMR	+0.1002%	1h	575.42	+0.060%	$265K	$927K	10x	as long as short
BloFin XMR-USDT	+0.1047%	8h	574.93	−0.024%	$2.7M	$10.8M	75x	as long as short
Variational Omni XMR	+0.1099%	8h	574.60	−0.081%	$6.2M	$2.4M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1136% / S −0.1500%	1h	573.80	−0.221%	$595K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1187%	8h	574.89	−0.031%	$40K	$588K	10x	as long as short
Aftermath Perps XMRUSD	+0.1931%	1h	574.14	−0.162%	$1K	$41K	10x	as long as short