Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0362%/8h= −39.7% APRpaid last 24h +0.225%

Price spread now: dYdX against MEXC−0.171%7-day average −0.212% · you buy dearer than you sell

Net, funding: paid 7d − costs−$396as in the Funding arb table

Net, price: spread back to 7d avg − costs−$468as in the Price arb table

costs, in and out, $10k−$4724.722% of the position

Long on MEXC Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.758%+$76 on $10k

Price spread, last 4 days (all we have)−0.218%−$22 · spread now −0.171%, 7d avg −0.212%

Together, before fees+0.539%+$54 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.041% dearer against MEXC than usual: you sell high and buy low (spread −0.171% now, against its 7-day average of −0.212%): +$4 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 9 hours. Mind the row above: over the last 7 days funding on this pair paid +0.758%, 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	MEXC XMR_USDT	592.73	0.0429	pay 0.0429% / 8h	7h 24m	$21.6M	$15.3M	100x
Short	dYdX XMR-USD	591.72	0.0067	get 0.0008% / 1h	24m 40s	$107K	$50K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against MEXC. 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 MEXCbpFee dYdXbpOrdersPrice spread, now −0.171%Rate

Funding earned: −$76.08
Price spread: −0.171% → −0.212%: $4.12
Slippage, 4 orders: −$458.21
Fee MEXC: 2 bp × 2 orders: −$4
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$544.17
Costs to cover: 4.722%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; dYdX: live order book, 49 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 MEXC live order book, 4 min ago	0.08 bp	4.0 bp −$4	22.7 bp −$227	76.7 bp −$7,666	226.3 bp −$113.2K
Sell dYdX live order book, 49 min ago	42.44 bp	183.0 bp −$183	198.6 bp −$1,986	332.1 bp −$33.2K	1198.2 bp −$599.1K

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 −0.0009%	1h	591.61	−0.189%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+0.680%	$3K	$4K	12x	as long as short
dYdX XMR-USDshort	+0.0067%	1h	591.72	−0.171%	$107K	$50K	5x
edgeX XMRUSDC	+0.0100%	4h	592.79	+0.010%	$1.1M	$660K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	592.23	−0.084%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	591.00	−0.292%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0192%	1h	593.02	+0.049%	$12K	—	3x	as long as short
MEXC XMR_USDTlong	+0.0429%	8h	592.73	long leg	$21.6M	$15.3M	100x
Binance XMRUSDT	+0.0432%	8h	592.82	+0.015%	$54.1M	$166.9M	75x	as long as short
Bitget XMRUSDT	+0.0541%	8h	593.15	+0.071%	$9.7M	$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
BloFin XMR-USDT	+0.0620%	8h	592.80	+0.012%	$2.8M	$11.7M	75x	as long as short
Aster XMRUSDT	+0.0637%	8h	592.57	−0.027%	$656K	$2.5M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0643%	1h	591.79	−0.159%	$5.6M	$20.5M	50x	as long as short
Pacifica XMR	+0.0659%	1h	592.74	+0.002%	$278K	$1.1M	10x	as long as short
KuCoin XMRUSDTM	+0.0696%	8h	592.51	−0.037%	$48.6M	$26.0M	50x	as long as short
Variational Omni XMR	+0.0851%	8h	593.40	+0.113%	$6.8M	$2.6M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0872% / S −0.2458%	1h	591.64	−0.183%	$551K	—	100x	as long as short
Gate XMR_USDT	+0.1023%	8h	593.03	+0.051%	$1.7M	$4.6M	50x	as long as short
Orderly PERP_XMR_USDC	+0.1042%	8h	592.84	+0.019%	$43K	$739K	10x	as long as short
Backpack XMR_USDC_PERP	+0.1072%	1h	592.35	−0.064%	$201K	$527K	20x	as long as short
GRVT XMR_USDT_Perp	+0.1092%	8h	592.83	+0.017%	$350K	$792K	10x	as long as short
Polymarket Perps XMR-USD	+0.1212%	1h	592.63	−0.017%	$49K	$1.9M	5x	as long as short
Bybit XMRUSDT	+0.1235%	8h	592.94	+0.035%	$47.8M	$64.5M	75x	as long as short
Paradex XMR-USD-PERP	+0.1244%	8h	592.38	−0.058%	$8K	$4K	20x	as long as short
Lighter XMR	+0.1280%	1h	592.61	−0.020%	$3.3M	$7.1M	10x	as long as short
BingX XMR-USDT	+0.1284%	8h	592.74	+0.002%	—	$5.8M	—	as long as short
SoDEX XMR-USD	+0.1328%	1h	592.91	+0.030%	$451K	$3K	5x	as long as short
Nado XMR-PERP	+0.1440%	1h	592.55	−0.030%	$1.3M	$467K	10x	as long as short
Hyperliquid XMR	+0.2045%	1h	593.23	+0.084%	$90.1M	$72.6M	5x	as long as short
Extended XMR-USD	+0.2544%	1h	592.78	+0.009%	$3.2M	$7.9M	25x	as long as short
Aftermath Perps XMRUSD	+0.2589%	1h	592.50	−0.039%	$1K	$46K	10x	as long as short