Funding you earn now, next payment 08:00 UTC−0.0532%/8h= −58.3% APRnext payment −$5.32 per $10,000 · paid last 24h −0.133%
Price spread now: SunX against MEXC−0.247%53s7-day average −0.099% · you buy dearer than you sell
Net, funding: paid 7d − costs−$127as 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−$900.901% of the position
Funding, last 7 days−0.370%−$37 on $10k
+Price spread, last 4 days (all we have)+0.115%+$12 · spread now −0.247%, 7d avg −0.099%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and SunX is 0.147% cheaper against MEXC than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.099%). 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 -0.370% in total (about -19.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.32 per $10,000. 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 | 575.50 | 0.0632 | pay 0.0632% / 8h | 1h 26m | $20.1M | $14.5M | 100x |
| Short | SunX XMR-USDT | 574.08 | 0.0100 | get 0.0100% / 8h | 1h 26m | $2K | $1.5M | 20x |
MEXC XMR_USDT
SunX XMR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against MEXC. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$111.72
- Price spread: −0.247% → −0.099%
- −$14.73
- Slippage, 4 orders
- −$78.08
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$216.53
- Costs to cover
- 0.901%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 2 min ago; SunX: live order book, 9 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 | 0.17 bp | 24.4 bp −$24 | 31.1 bp −$311 | 75.6 bp −$7,564 | 212.5 bp −$106.2K |
| Sell SunX live order book, 9 min ago | 13.35 bp | 23.3 bp −$23 | doesn't fit | 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 | 574.02 | −0.258% | $32K | — | 150x | as long as short |
| Injective XMR/USDC PERP | +0.0033% | 1h | 582.55 | +1.225% | $3K | $3K | 12x | as long as short |
| edgeX XMRUSDC | +0.0100% | 4h | 575.25 | −0.044% | $1.0M | $582K | 10x | as long as short |
| SunX XMR-USDTshort | +0.0100% | 8h | 574.08 | −0.247% | $2K | $1.5M | 20x | |
| HTX XMR-USDT | +0.0100% | 8h | 572.70 | −0.487% | $1.1M | $1.4M | 20x | as long as short |
| Aevo XMR-PERP | +0.0240% | 1h | 575.06 | −0.076% | $12K | — | 3x | as long as short |
| Lighter XMR | +0.0296% | 1h | 574.86 | −0.112% | $3.1M | $6.2M | 10x | as long as short |
| Extended XMR-USD | +0.0320% | 1h | 574.97 | −0.093% | $3.0M | $8.3M | 25x | as long as short |
| KuCoin XMRUSDTM | +0.0321% | 8h | 574.83 | −0.116% | $45.3M | $22.4M | 50x | as long as short |
| Polymarket Perps XMR-USD | +0.0490% | 1h | 575.08 | −0.073% | $20K | $2.0M | 5x | as long as short |
gTrade (Gains Network) XMR/USD
Injective XMR/USDC PERP
edgeX XMRUSDC
HTX XMR-USDT
Aevo XMR-PERP
Lighter XMR
Extended XMR-USD
KuCoin XMRUSDTM
Polymarket Perps XMR-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XMRUSDT | +0.0598% | 8h | 575.40 | −0.017% | $9.6M | $11.7M | 50x | as long as short |
| BingX XMR-USDT | +0.0604% | 8h | 575.18 | −0.056% | — | $5.4M | — | as long as short |
| dYdX XMR-USD | +0.0628% | 1h | 573.41 | −0.364% | $104K | $43K | 5x | as long as short |
| MEXC XMR_USDTlong | +0.0632% | 8h | 575.50 | long leg | $20.1M | $14.5M | 100x | |
| Bybit XMRUSDT | +0.0632% | 8h | 575.05 | −0.078% | $46.6M | $58.4M | 75x | as long as short |
| Binance XMRUSDT | +0.0633% | 8h | 575.32 | −0.031% | $52.3M | $133.3M | 75x | as long as short |
| Kraken Futures PF_XMRUSD | +0.0633% | 1h | 573.77 | −0.301% | $5.4M | $15.2M | 50x | as long as short |
| Gate XMR_USDT | +0.0681% | 8h | 574.09 | −0.245% | $1.6M | $3.3M | 50x | as long as short |
| Aster XMRUSDT | +0.0790% | 8h | 574.30 | −0.209% | $636K | $2.0M | 75x | as long as short |
| Paradex XMR-USD-PERP | +0.0803% | 8h | 575.09 | −0.071% | $8K | $3K | 20x | as long as short |
| Hyperliquid XMR | +0.0811% | 1h | 575.41 | −0.016% | $87.2M | $65.9M | 5x | as long as short |
| SoDEX XMR-USD | +0.0937% | 1h | 574.80 | −0.122% | $437K | $3K | 5x | as long as short |
| Backpack XMR_USDC_PERP | +0.0952% | 1h | 574.40 | −0.191% | $174K | $492K | 20x | as long as short |
| Nado XMR-PERP | +0.0984% | 1h | 575.12 | −0.066% | $1.3M | $444K | 10x | as long as short |
| GRVT XMR_USDT_Perp | +0.0992% | 8h | 575.42 | −0.014% | $343K | $711K | 10x | as long as short |
| Pacifica XMR | +0.1002% | 1h | 574.96 | −0.093% | $265K | $906K | 10x | as long as short |
| BloFin XMR-USDT | +0.1046% | 8h | 574.94 | −0.097% | $2.7M | $10.7M | 75x | as long as short |
| Variational Omni XMR | +0.1099% | 8h | 574.60 | −0.156% | $6.2M | $2.4M | — | as long as short |
| GMX XMR/USD [WBTC.b-USDC] | L +0.1144% / S −0.1518% | 1h | 573.49 | −0.349% | $595K | — | 100x | as long as short |
| Orderly PERP_XMR_USDC | +0.1186% | 8h | 574.68 | −0.142% | $40K | $588K | 10x | as long as short |
| Aftermath Perps XMRUSD | +0.1912% | 1h | 575.06 | −0.077% | $1K | $41K | 10x | as long as short |
Bitget XMRUSDT
BingX XMR-USDT
dYdX XMR-USD
Bybit XMRUSDT
Binance XMRUSDT
Kraken Futures PF_XMRUSD
Gate XMR_USDT
Aster XMRUSDT
Paradex XMR-USD-PERP
Hyperliquid XMR
SoDEX XMR-USD
Backpack XMR_USDC_PERP
Nado XMR-PERP
GRVT XMR_USDT_Perp
Pacifica XMR
BloFin XMR-USDT
Variational Omni XMR
GMX XMR/USD [WBTC.b-USDC]
Orderly PERP_XMR_USDC
Aftermath Perps XMRUSD