Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0099%/8h= +10.8% APRpaid last 24h −0.217%

Price spread now: BingX against dYdX+0.312%7-day average +0.217% · you sell dearer than you buy

Net, funding: paid 7d − costs−$382as in the Funding arb table

Net, price: spread back to 7d avg − costs−$298as in the Price arb table

costs, in and out, $10k−$3073.073% of the position

Long on dYdX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.744%−$74 on $10k

Price spread, last 4 days (all we have)−0.273%−$27 · spread now +0.312%, 7d avg +0.217%

Together, before fees−1.016%−$102 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BingX is 0.095% dearer against dYdX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.217%. Mind the row above: over the last 7 days funding on this pair cost −0.744%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XMR-USD	574.29	0.0392	pay 0.0049% / 1h	17m 40s	$104K	$44K	5x
Short	BingX XMR-USDT	576.08	0.0491	get 0.0491% / 8h	4h 17m	—	$5.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against dYdX. 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 dYdXbpFee BingXbpOrdersPrice spread, now +0.312%Rate

Funding earned: $20.77
Price spread: +0.312% → +0.217%: $9.54
Slippage, 4 orders: −$287.28
Fee dYdX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$276.97
Costs to cover: 3.073%
Break-even: 100.3 days

Slippage from dYdX: live order book, 41 min ago; BingX: 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 dYdX live order book, 41 min ago	134.90 bp	143.0 bp −$143	143.3 bp −$1,433	311.7 bp −$31.2K	1443.0 bp −$721.5K
Sell BingX live order book, 3 min ago	1.65 bp	14.3 bp −$14	30.2 bp −$302	75.6 bp −$7,557	509.6 bp −$254.8K

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
Injective XMR/USDC PERP	−0.0136%	1h	582.55	+1.439%	$3K	$3K	12x	as long as short
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0008%	1h	573.76	−0.092%	$50K	—	150x	as long as short
Lighter XMR	+0.0096%	1h	574.97	+0.119%	$3.3M	$7.5M	10x	as long as short
edgeX XMRUSDC	+0.0100%	4h	576.43	+0.373%	$1.0M	$653K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	574.66	+0.065%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	575.18	+0.156%	$1.1M	$1.6M	20x	as long as short
Kraken Futures PF_XMRUSD	+0.0149%	1h	573.74	−0.094%	$5.4M	$19.5M	50x	as long as short
Aevo XMR-PERP	+0.0200%	1h	575.40	+0.195%	$12K	—	3x	as long as short
Polymarket Perps XMR-USD	+0.0303%	1h	574.66	+0.065%	$26K	$2.2M	5x	as long as short
Gate XMR_USDT	+0.0373%	8h	575.04	+0.131%	$1.6M	$4.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX XMR-USDlong	+0.0392%	1h	574.29	long leg	$104K	$44K	5x
Bybit XMRUSDT	+0.0403%	8h	575.66	+0.239%	$46.8M	$64.4M	75x	as long as short
KuCoin XMRUSDTM	+0.0458%	8h	574.39	+0.018%	$45.0M	$26.7M	50x	as long as short
MEXC XMR_USDT	+0.0484%	8h	575.76	+0.257%	$20.2M	$15.0M	100x	as long as short
Binance XMRUSDT	+0.0487%	8h	575.86	+0.273%	$52.7M	$164.8M	75x	as long as short
BingX XMR-USDTshort	+0.0491%	8h	576.08	+0.312%	—	$5.7M	—
Bitget XMRUSDT	+0.0515%	8h	575.24	+0.166%	$9.4M	$14.0M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0519%	1h	574.92	+0.110%	$169K	$535K	20x	as long as short
Pacifica XMR	+0.0626%	1h	575.74	+0.253%	$266K	$1.1M	10x	as long as short
Extended XMR-USD	+0.0656%	1h	575.52	+0.214%	$3.1M	$8.4M	25x	as long as short
Aster XMRUSDT	+0.0669%	8h	574.93	+0.113%	$638K	$2.3M	75x	as long as short
BloFin XMR-USDT	+0.0773%	8h	575.00	+0.124%	$2.7M	$11.2M	75x	as long as short
Nado XMR-PERP	+0.0778%	1h	574.75	+0.082%	$1.3M	$466K	10x	as long as short
Paradex XMR-USD-PERP	+0.0809%	8h	575.63	+0.235%	$8K	$4K	20x	as long as short
GRVT XMR_USDT_Perp	+0.0842%	8h	575.85	+0.272%	$345K	$733K	10x	as long as short
Hyperliquid XMR	+0.0846%	1h	575.59	+0.227%	$86.5M	$71.0M	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0989% / S −0.1253%	1h	573.75	−0.094%	$590K	—	100x	as long as short
Variational Omni XMR	+0.1014%	8h	574.77	+0.084%	$6.5M	$2.2M	—	as long as short
SoDEX XMR-USD	+0.1094%	1h	575.11	+0.143%	$437K	$3K	5x	as long as short
Orderly PERP_XMR_USDC	+0.1122%	8h	575.08	+0.138%	$40K	$735K	10x	as long as short
Aftermath Perps XMRUSD	+0.2011%	1h	574.85	+0.097%	$2K	$44K	10x	as long as short