Settings8H · net · $10k
Funding arb · Price arb /

XMR

all XMR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h −0.248%
Price spread now: KuCoin against dYdX+0.089%7-day average +0.113% · you sell dearer than you buy
Net, funding: paid 7d − costs−$462as in the Funding arb table
Net, price: spread back to 7d avg − costs−$377as in the Price arb table
costs, in and out, $10k−$3753.749% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.875%−$88 on $10k
Price spread, last 4 days (all we have)+0.110%+$11 · spread now +0.089%, 7d avg +0.113%
Together, before fees−0.765%−$76 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and KuCoin is 0.024% cheaper against dYdX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.113%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX XMR-USD579.240.0347pay 0.0043% / 1h10m 36s$105K$44K5x
ShortKuCoin XMRUSDTM579.760.0334get 0.0334% / 8h2h 10m$45.6M$26.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
−$2.63
Price spread: +0.089% → +0.113%
−$2.37
Slippage, 4 orders
−$352.88
Fee dYdX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$379.88
Costs to cover
3.749%
Break-even
never at this rate
Slippage from dYdX: live order book, 38 min ago; KuCoin: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy dYdX live order book, 38 min ago85.26 bp100.3 bp −$100101.3 bp −$1,013184.7 bp −$18.5K880.2 bp −$440.1K
Sell KuCoin live order book, 3 min ago2.59 bp11.3 bp −$1143.2 bp −$432doesn't fitdoesn't fit

XMR on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) XMR/USDL +0.0010% / S −0.0006%1h579.16−0.015%$37K150xas long as short
Injective XMR/USDC PERP+0.0033%1h582.55+0.571%$3K$3K12xas long as short
edgeX XMRUSDC+0.0100%4h578.68−0.097%$1.0M$640K10xas long as short
SunX XMR-USDT+0.0100%8h578.19−0.182%$2K$1.8M20xas long as short
HTX XMR-USDT+0.0100%8h577.00−0.387%$1.1M$1.5M20xas long as short
Aevo XMR-PERP+0.0240%1h578.12−0.195%$12K3xas long as short
KuCoin XMRUSDTMshort+0.0334%8h579.76+0.089%$45.6M$26.3M50x
dYdX XMR-USDlong+0.0347%1h579.24long leg$105K$44K5x
Bitget XMRUSDT+0.0592%8h580.02+0.134%$9.5M$13.1M50xas long as short
MEXC XMR_USDT+0.0644%8h580.09+0.146%$20.1M$14.7M100xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance XMRUSDT+0.0644%8h579.64+0.068%$52.9M$160.4M75xas long as short
BingX XMR-USDT+0.0674%8h579.35+0.018%$5.6Mas long as short
Gate XMR_USDT+0.0678%8h579.60+0.061%$1.6M$4.3M50xas long as short
Polymarket Perps XMR-USD+0.0680%1h579.36+0.020%$27K$2.1M5xas long as short
Bybit XMRUSDT+0.0701%8h579.45+0.036%$47.0M$64.3M75xas long as short
Kraken Futures PF_XMRUSD+0.0740%1h578.49−0.130%$5.5M$18.7M50xas long as short
Extended XMR-USD+0.0744%1h579.41+0.029%$3.0M$8.2M25xas long as short
Aster XMRUSDT+0.0803%8h579.97+0.125%$653K$2.2M75xas long as short
Lighter XMR+0.0856%1h580.15+0.156%$3.1M$7.6M10xas long as short
Paradex XMR-USD-PERP+0.0900%8h580.18+0.161%$8K$4K20xas long as short
Pacifica XMR+0.0912%1h579.89+0.112%$268K$1.0M10xas long as short
GRVT XMR_USDT_Perp+0.1035%8h578.69−0.096%$348K$718K10xas long as short
Hyperliquid XMR+0.1054%1h579.96+0.124%$87.7M$71.0M5xas long as short
BloFin XMR-USDT+0.1058%8h579.78+0.093%$2.7M$11.3M75xas long as short
GMX XMR/USD [WBTC.b-USDC]L +0.1086% / S −0.1451%1h578.65−0.102%$599K100xas long as short
Variational Omni XMR+0.1176%8h579.63+0.067%$6.2M$2.4Mas long as short
Orderly PERP_XMR_USDC+0.1197%8h579.72+0.082%$41K$659K10xas long as short
Nado XMR-PERP+0.1222%1h579.13−0.021%$1.3M$450K10xas long as short
SoDEX XMR-USD+0.1331%1h579.47+0.039%$440K$3K5xas long as short
Backpack XMR_USDC_PERP+0.1412%1h578.99−0.044%$176K$535K20xas long as short
Aftermath Perps XMRUSD+0.2017%1h577.46−0.309%$1K$43K10xas long as short