Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0154%/8h= −16.8% APRpaid last 24h +0.310%

Price spread now: HTX against dYdX+0.024%7-day average −0.104% · you sell dearer than you buy

Net, funding: paid 7d − costs−$302as in the Funding arb table

Net, price: spread back to 7d avg − costs−$430as in the Price arb table

costs, in and out, $10k−$4434.427% of the position

Long on dYdX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.407%+$141 on $10k

Price spread, last 4 days (all we have)−0.345%−$34 · spread now +0.024%, 7d avg −0.104%

Together, before fees+1.062%+$106 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.128% dearer against dYdX than usual: you sell high and buy low (spread +0.024% now, against its 7-day average of −0.104%): +$13 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.8 days. Mind the row above: over the last 7 days funding on this pair paid +1.407%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XMR-USD	575.78	0.0254	pay 0.0032% / 1h	43m 56s	$104K	$43K	5x
Short	HTX XMR-USDT	575.92	0.0100	get 0.0100% / 8h	1h 43m	$1.1M	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$32.26
Price spread: +0.024% → −0.104%: $12.81
Slippage, 4 orders: −$420.69
Fee dYdX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$462.13
Costs to cover: 4.427%
Break-even: never at this rate

Slippage from dYdX: live order book, 65 min ago; HTX: 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 dYdX live order book, 65 min ago	85.26 bp	100.3 bp −$100	101.3 bp −$1,013	184.7 bp −$18.5K	880.2 bp −$440.1K
Sell HTX live order book, 5 min ago	13.97 bp	44.8 bp −$45	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	575.65	−0.022%	$32K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.175%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	576.59	+0.140%	$1.0M	$635K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	575.88	+0.017%	$2K	$1.7M	20x	as long as short
HTX XMR-USDTshort	+0.0100%	8h	575.92	+0.024%	$1.1M	$1.5M	20x
Aevo XMR-PERP	+0.0240%	1h	576.77	+0.171%	$12K	—	3x	as long as short
dYdX XMR-USDlong	+0.0254%	1h	575.78	long leg	$104K	$43K	5x
Lighter XMR	+0.0328%	1h	576.27	+0.084%	$3.1M	$6.1M	10x	as long as short
KuCoin XMRUSDTM	+0.0335%	8h	574.26	−0.264%	$45.3M	$24.2M	50x	as long as short
Extended XMR-USD	+0.0456%	1h	574.22	−0.272%	$3.0M	$8.2M	25x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps XMR-USD	+0.0467%	1h	576.24	+0.080%	$23K	$2.1M	5x	as long as short
Bitget XMRUSDT	+0.0593%	8h	574.13	−0.287%	$9.5M	$12.4M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0631%	1h	575.60	−0.032%	$5.4M	$17.3M	50x	as long as short
MEXC XMR_USDT	+0.0641%	8h	574.48	−0.226%	$20.0M	$14.4M	100x	as long as short
Binance XMRUSDT	+0.0642%	8h	575.46	−0.057%	$52.4M	$145.1M	75x	as long as short
BingX XMR-USDT	+0.0645%	8h	576.04	+0.045%	—	$5.5M	—	as long as short
Bybit XMRUSDT	+0.0665%	8h	574.31	−0.256%	$46.6M	$61.5M	75x	as long as short
Gate XMR_USDT	+0.0676%	8h	575.74	−0.007%	$1.5M	$3.3M	50x	as long as short
Aster XMRUSDT	+0.0802%	8h	575.49	−0.051%	$638K	$2.0M	75x	as long as short
Hyperliquid XMR	+0.0838%	1h	575.91	+0.022%	$87.1M	$67.5M	5x	as long as short
Paradex XMR-USD-PERP	+0.0851%	8h	576.91	+0.196%	$8K	$3K	20x	as long as short
Backpack XMR_USDC_PERP	+0.0903%	1h	575.77	−0.002%	$175K	$525K	20x	as long as short
SoDEX XMR-USD	+0.0907%	1h	576.46	+0.118%	$438K	$3K	5x	as long as short
Pacifica XMR	+0.1002%	1h	576.85	+0.186%	$266K	$944K	10x	as long as short
GRVT XMR_USDT_Perp	+0.1013%	8h	576.16	+0.066%	$344K	$711K	10x	as long as short
Nado XMR-PERP	+0.1021%	1h	576.48	+0.120%	$1.3M	$445K	10x	as long as short
BloFin XMR-USDT	+0.1058%	8h	577.32	+0.267%	$2.7M	$11.0M	75x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1132% / S −0.1504%	1h	575.53	−0.044%	$604K	—	100x	as long as short
Variational Omni XMR	+0.1137%	8h	575.92	+0.025%	$6.2M	$2.4M	—	as long as short
Orderly PERP_XMR_USDC	+0.1193%	8h	576.32	+0.093%	$40K	$604K	10x	as long as short
Aftermath Perps XMRUSD	+0.1973%	1h	576.26	+0.083%	$1K	$42K	10x	as long as short