Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0292%/8h= −32.0% APRpaid last 24h −0.189%

Price spread now: edgeX against BingX−0.070%85s7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as 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−$530.532% of the position

Long on BingX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.379%−$38 on $10k

Price spread, last 3 days (all we have)+0.493%+$49 · spread now −0.070%, 7d avg +0.006%

Together, before fees+0.114%+ Points / potential airdropedgeX: Active · farm board+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and edgeX is 0.076% cheaper against BingX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.006%). Swap the legs. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX XMR-USDT	597.59	0.0392	pay 0.0392% / 8h	1h 14m	—	$5.7M	—
Short	edgeX XMRUSDC	597.17	0.0100	get 0.0050% / 4h	1h 14m	$1.1M	$666K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against BingX. 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 BingXbpFee edgeXbpOrdersPrice spread, now −0.070%Rate

Funding earned: −$61.32
Price spread: −0.070% → +0.006%: −$7.59
Slippage, 4 orders: −$34.21
Fee BingX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$122.12
Costs to cover: 0.532%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; edgeX: live order book, 5 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 BingX live order book, 11 min ago	0.58 bp	11.2 bp −$11	24.0 bp −$240	110.5 bp −$11.1K	749.5 bp −$374.7K
Sell edgeX live order book, 5 min ago	10.16 bp	14.7 bp −$15	15.4 bp −$154	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 −0.0009%	1h	596.54	−0.176%	$44K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	597.77	+0.030%	$48.6M	$61.9M	75x	as long as short
edgeX XMRUSDCshort	+0.0100%	4h	597.17	−0.070%	$1.1M	$666K	10x
SunX XMR-USDT	+0.0100%	8h	596.82	−0.129%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0168%	1h	597.74	+0.026%	$12K	—	3x	as long as short
Variational Omni XMR	+0.0314%	8h	597.50	−0.015%	$6.9M	$2.6M	—	as long as short
MEXC XMR_USDT	+0.0336%	8h	597.18	−0.069%	$22.3M	$15.0M	100x	as long as short
Binance XMRUSDT	+0.0339%	8h	597.57	−0.003%	$54.8M	$163.1M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0382%	1h	595.98	−0.270%	$5.7M	$20.4M	50x	as long as short
Pacifica XMR	+0.0387%	1h	597.73	+0.024%	$271K	$1.0M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX XMR-USDTlong	+0.0392%	8h	597.59	long leg	—	$5.7M	—
Bitget XMRUSDT	+0.0418%	8h	597.61	+0.003%	$10.0M	$14.2M	50x	as long as short
BloFin XMR-USDT	+0.0473%	8h	597.97	+0.064%	$2.8M	$11.6M	75x	as long as short
Gate XMR_USDT	+0.0539%	8h	596.79	−0.134%	$1.7M	$4.6M	50x	as long as short
KuCoin XMRUSDTM	+0.0545%	8h	596.90	−0.115%	$48.6M	$25.8M	50x	as long as short
Lighter XMR	+0.0560%	1h	596.78	−0.136%	$3.4M	$6.9M	10x	as long as short
Aster XMRUSDT	+0.0563%	8h	597.73	+0.023%	$684K	$2.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0614%	8h	597.80	+0.036%	$348K	$797K	10x	as long as short
Injective XMR/USDC PERP	+0.0695%	1h	596.76	−0.139%	$3K	$6K	12x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0809% / S −0.1288%	1h	596.20	−0.232%	$331K	—	100x	as long as short
Polymarket Perps XMR-USD	+0.0864%	1h	597.77	+0.030%	$23K	$1.8M	5x	as long as short
Paradex XMR-USD-PERP	+0.0871%	8h	597.35	−0.041%	$8K	$4K	20x	as long as short
SoDEX XMR-USD	+0.0881%	1h	597.12	−0.079%	$454K	$3K	5x	as long as short
Orderly PERP_XMR_USDC	+0.0948%	8h	596.92	−0.112%	$44K	$729K	10x	as long as short
Backpack XMR_USDC_PERP	+0.1022%	1h	596.67	−0.154%	$203K	$575K	20x	as long as short
Nado XMR-PERP	+0.1279%	1h	597.63	+0.007%	$1.3M	$475K	10x	as long as short
Extended XMR-USD	+0.1880%	1h	597.68	+0.015%	$3.1M	$6.8M	25x	as long as short
dYdX XMR-USD	+0.1880%	1h	596.66	−0.156%	$108K	$50K	5x	as long as short
Hyperliquid XMR	+0.1922%	1h	598.54	+0.159%	$89.5M	$69.3M	5x	as long as short
HTX XMR-USDT	+0.1976%	8h	595.95	−0.274%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2415%	1h	597.19	−0.067%	$2K	$47K	10x	as long as short