Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1534%/8h= +168.0% APRpaid last 24h +0.146%

Price spread now: Extended against MEXC−0.033%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs+$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$460.459% of the position

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.644%+$64 on $10k

Price spread, last 7 days+0.058%+$6 · spread now −0.033%, 7d avg −0.053%

Together, before fees+0.702%+ Points / potential airdropExtended: Active · farm board+$70 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$46 a day on $10k at the current rate, and Extended is 0.021% dearer against MEXC than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.053%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.644% in total (about 33.6% 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	MEXC XMR_USDT	589.34	0.0522	pay 0.0522% / 8h	6h 16m	$21.0M	$15.3M	100x
Short	Extended XMR-USD	589.15	0.2056	get 0.0257% / 1h	16m 26s	$3.2M	$8.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.033%Rate

Funding earned: $322.14
Price spread: −0.033% → −0.053%: $2.08
Slippage, 4 orders: −$36.94
Fee MEXC: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $278.29
Costs to cover: 0.459%
Break-even: 1.0 days

Slippage from MEXC: live order book, 2 min ago; Extended: live order book, 3 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, 2 min ago	0.09 bp	17.8 bp −$18	31.4 bp −$314	77.8 bp −$7,782	228.5 bp −$114.3K
Sell Extended live order book, 3 min ago	2.37 bp	5.1 bp −$5	10.1 bp −$101	doesn't fit	doesn't fit

XMR on 30 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	587.46	−0.320%	$35K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.259%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	589.93	+0.101%	$1.1M	$669K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	589.19	−0.025%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	588.00	−0.227%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	589.00	−0.059%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0393%	1h	588.31	−0.175%	$107K	$50K	5x	as long as short
MEXC XMR_USDTlong	+0.0522%	8h	589.34	long leg	$21.0M	$15.3M	100x
Binance XMRUSDT	+0.0524%	8h	588.64	−0.119%	$53.7M	$168.2M	75x	as long as short
Bitget XMRUSDT	+0.0617%	8h	589.16	−0.031%	$9.6M	$14.2M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XMRUSDT	+0.0705%	8h	589.17	−0.029%	$658K	$2.5M	75x	as long as short
Gate XMR_USDT	+0.0788%	8h	588.69	−0.110%	$1.6M	$4.6M	50x	as long as short
BingX XMR-USDT	+0.0794%	8h	588.97	−0.063%	—	$5.8M	—	as long as short
KuCoin XMRUSDTM	+0.0800%	8h	589.13	−0.036%	$48.3M	$26.1M	50x	as long as short
Pacifica XMR	+0.0821%	1h	589.54	+0.034%	$271K	$1.1M	10x	as long as short
Bybit XMRUSDT	+0.0839%	8h	588.57	−0.131%	$47.5M	$65.0M	75x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0946% / S −0.1181%	1h	588.29	−0.179%	$656K	—	100x	as long as short
Polymarket Perps XMR-USD	+0.0999%	1h	588.92	−0.071%	$33K	$2.1M	5x	as long as short
Backpack XMR_USDC_PERP	+0.1019%	1h	589.13	−0.036%	$184K	$534K	20x	as long as short
Variational Omni XMR	+0.1027%	8h	590.80	+0.247%	$6.7M	$2.9M	—	as long as short
Orderly PERP_XMR_USDC	+0.1061%	8h	588.53	−0.137%	$42K	$736K	10x	as long as short
Lighter XMR	+0.1072%	1h	589.16	−0.031%	$3.3M	$7.2M	10x	as long as short
GRVT XMR_USDT_Perp	+0.1092%	8h	589.70	+0.061%	$345K	$786K	10x	as long as short
Paradex XMR-USD-PERP	+0.1278%	8h	589.06	−0.047%	$8K	$4K	20x	as long as short
Kraken Futures PF_XMRUSD	+0.1299%	1h	588.58	−0.129%	$5.6M	$20.5M	50x	as long as short
Nado XMR-PERP	+0.1493%	1h	589.32	−0.003%	$1.3M	$467K	10x	as long as short
Hyperliquid XMR	+0.1731%	1h	589.28	−0.010%	$89.1M	$73.8M	5x	as long as short
SoDEX XMR-USD	+0.1734%	1h	589.85	+0.087%	$448K	$3K	5x	as long as short
Extended XMR-USDshort	+0.2056%	1h	589.15	−0.033%	$3.2M	$8.3M	25x
Aftermath Perps XMRUSD	+0.2777%	1h	589.13	−0.036%	$1K	$46K	10x	as long as short