Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0971%/8h= +106.3% APRpaid last 24h +0.127%

Price spread now: Extended against BingX−0.030%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs+$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$390.394% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.616%+$62 on $10k

Price spread, last 7 days+0.064%+$6 · spread now −0.030%, 7d avg −0.046%

Together, before fees+0.680%+ Points / potential airdropExtended: Active · farm board+$68 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.046%, so right now this pair is about funding alone: +$29 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.616% in total (about 32.1% 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	BingX XMR-USDT	586.73	0.0757	pay 0.0757% / 8h	5h 59m	—	$5.8M	—
Short	Extended XMR-USD	586.55	0.1728	get 0.0216% / 1h	59m 29s	$3.1M	$8.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.030%Rate

Funding earned: $203.91
Price spread: −0.030% → −0.046%: $1.58
Slippage, 4 orders: −$24.38
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $166.1
Costs to cover: 0.394%
Break-even: 1.3 days

Slippage from BingX: live order book, 6 min ago; Extended: 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, 6 min ago	0.68 bp	12.5 bp −$13	23.8 bp −$238	119.1 bp −$11.9K	doesn't fit
Sell Extended live order book, 5 min ago	4.01 bp	6.7 bp −$7	11.0 bp −$110	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	584.38	−0.400%	$35K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.709%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	586.49	−0.041%	$1.0M	$670K	10x	as long as short
Polymarket Perps XMR-USD	+0.0100%	1h	585.54	−0.203%	$31K	$2.1M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	585.68	−0.179%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	585.42	−0.223%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	586.55	−0.030%	$12K	—	3x	as long as short
Hyperliquid XMR	+0.0356%	1h	584.84	−0.322%	$88.3M	$73.1M	5x	as long as short
dYdX XMR-USD	+0.0396%	1h	585.60	−0.193%	$106K	$50K	5x	as long as short
MEXC XMR_USDT	+0.0520%	8h	585.05	−0.286%	$20.8M	$15.1M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XMRUSDT	+0.0520%	8h	585.90	−0.141%	$53.4M	$167.8M	75x	as long as short
Bitget XMRUSDT	+0.0620%	8h	584.94	−0.305%	$9.6M	$14.2M	50x	as long as short
Nado XMR-PERP	+0.0665%	1h	585.23	−0.255%	$1.3M	$466K	10x	as long as short
Aster XMRUSDT	+0.0709%	8h	586.38	−0.059%	$653K	$2.5M	75x	as long as short
BingX XMR-USDTlong	+0.0757%	8h	586.73	long leg	—	$5.8M	—
Bybit XMRUSDT	+0.0765%	8h	585.90	−0.141%	$47.5M	$64.9M	75x	as long as short
KuCoin XMRUSDTM	+0.0781%	8h	585.16	−0.268%	$48.0M	$26.1M	50x	as long as short
Gate XMR_USDT	+0.0793%	8h	586.12	−0.104%	$1.6M	$4.5M	50x	as long as short
Pacifica XMR	+0.0821%	1h	586.61	−0.020%	$270K	$1.1M	10x	as long as short
Backpack XMR_USDC_PERP	+0.0870%	1h	585.87	−0.147%	$173K	$539K	20x	as long as short
Lighter XMR	+0.0960%	1h	586.56	−0.029%	$3.3M	$7.1M	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0967% / S −0.1233%	1h	585.14	−0.270%	$652K	—	100x	as long as short
Variational Omni XMR	+0.1060%	8h	586.46	−0.046%	$6.7M	$2.5M	—	as long as short
GRVT XMR_USDT_Perp	+0.1061%	8h	586.38	−0.059%	$343K	$773K	10x	as long as short
Orderly PERP_XMR_USDC	+0.1081%	8h	586.34	−0.066%	$42K	$736K	10x	as long as short
Paradex XMR-USD-PERP	+0.1191%	8h	586.69	−0.008%	$8K	$4K	20x	as long as short
Kraken Futures PF_XMRUSD	+0.1306%	1h	585.19	−0.263%	$5.5M	$20.5M	50x	as long as short
SoDEX XMR-USD	+0.1536%	1h	586.44	−0.049%	$446K	$3K	5x	as long as short
Extended XMR-USDshort	+0.1728%	1h	586.55	−0.030%	$3.1M	$8.0M	25x
Aftermath Perps XMRUSD	+0.2660%	1h	586.20	−0.090%	$1K	$46K	10x	as long as short