Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0948%/8h= +103.8% APRpaid last 24h +0.299%

Price spread now: Extended against SunX−0.118%7-day average +0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs+$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$710.706% of the position

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+1.034%+$103 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now −0.118%, 7d avg +0.062%

Together, before fees+1.010%+ Points / potential airdropExtended: Active · farm board+$101 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.181% cheaper against SunX than usual: you would sell low and buy high (spread −0.118% now, against its 7-day average of +0.062%). If the spread goes back, that is −$18 on $10k: about 15 hours of funding at the current rate (+$28 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XMR-USDT	582.80	0.0100	pay 0.0100% / 8h	5h 07m	$2K	$1.9M	20x
Short	Extended XMR-USD	582.11	0.1048	get 0.0131% / 1h	7m 00s	$3.1M	$8.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against SunX. 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 SunXbpFee ExtendedbpOrdersPrice spread, now −0.118%Rate

Funding earned: $199.08
Price spread: −0.118% → +0.062%: −$18.07
Slippage, 4 orders: −$57.55
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $110.46
Costs to cover: 0.706%
Break-even: 3.1 days

Slippage from SunX: live order book, 9 min ago; Extended: live order book, 2 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 SunX live order book, 9 min ago	13.47 bp	36.3 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	2.39 bp	5.7 bp −$6	11.3 bp −$113	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 −0.0010%	1h	582.76	−0.007%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	−0.043%	$3K	$6K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	585.77	+0.510%	$1.0M	$655K	10x	as long as short
SunX XMR-USDTlong	+0.0100%	8h	582.80	long leg	$2K	$1.9M	20x
HTX XMR-USDT	+0.0100%	8h	582.44	−0.062%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	583.52	+0.124%	$12K	—	3x	as long as short
Polymarket Perps XMR-USD	+0.0256%	1h	582.11	−0.118%	$25K	$2.1M	5x	as long as short
dYdX XMR-USD	+0.0260%	1h	581.81	−0.170%	$105K	$47K	5x	as long as short
Bybit XMRUSDT	+0.0492%	8h	582.36	−0.075%	$47.3M	$64.1M	75x	as long as short
Lighter XMR	+0.0496%	1h	582.52	−0.049%	$3.3M	$7.2M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XMR_USDT	+0.0504%	8h	582.26	−0.093%	$20.7M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0504%	8h	582.27	−0.091%	$53.0M	$165.6M	75x	as long as short
Gate XMR_USDT	+0.0532%	8h	582.63	−0.029%	$1.6M	$4.5M	50x	as long as short
BingX XMR-USDT	+0.0569%	8h	582.58	−0.038%	—	$5.7M	—	as long as short
Bitget XMRUSDT	+0.0594%	8h	582.20	−0.103%	$9.5M	$14.1M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0672%	1h	582.23	−0.098%	$171K	$537K	20x	as long as short
KuCoin XMRUSDTM	+0.0672%	8h	581.76	−0.178%	$47.8M	$26.0M	50x	as long as short
Aster XMRUSDT	+0.0713%	8h	582.40	−0.069%	$656K	$2.4M	75x	as long as short
BloFin XMR-USDT	+0.0773%	8h	582.87	+0.012%	$2.7M	$11.4M	75x	as long as short
Paradex XMR-USD-PERP	+0.0876%	8h	582.22	−0.099%	$8K	$4K	20x	as long as short
GRVT XMR_USDT_Perp	+0.0911%	8h	584.28	+0.254%	$339K	$764K	10x	as long as short
Kraken Futures PF_XMRUSD	+0.0959%	1h	581.66	−0.195%	$5.5M	$19.6M	50x	as long as short
Nado XMR-PERP	+0.0987%	1h	582.22	−0.100%	$1.3M	$463K	10x	as long as short
Pacifica XMR	+0.0996%	1h	582.19	−0.105%	$268K	$1.1M	10x	as long as short
Hyperliquid XMR	+0.1008%	1h	582.29	−0.088%	$87.8M	$71.1M	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1040% / S −0.1407%	1h	582.83	+0.005%	$648K	—	100x	as long as short
Extended XMR-USDshort	+0.1048%	1h	582.11	−0.118%	$3.1M	$8.0M	25x
SoDEX XMR-USD	+0.1055%	1h	582.80	0.000%	$443K	$3K	5x	as long as short
Variational Omni XMR	+0.1064%	8h	586.59	+0.650%	$6.7M	$2.4M	—	as long as short
Orderly PERP_XMR_USDC	+0.1111%	8h	583.46	+0.113%	$41K	$720K	10x	as long as short
Aftermath Perps XMRUSD	+0.2440%	1h	584.34	+0.265%	$1K	$45K	10x	as long as short