Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0324%/8hpaid last 24h +0.145%

Price spread now: Bitget against edgeX+0.255%104s7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as 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−$570.573% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.268%+$27 on $10k

Price spread, last 3 days (all we have)−1.741%−$174 · spread now +0.255%, 7d avg −0.007%

Together, before fees−1.473%+ Points / potential airdropedgeX: Active · farm board−$147 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Bitget is 0.262% dearer against edgeX than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of −0.007%. The two prices were read 104 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	edgeX XMRUSDC	584.65	0.0100	pay 0.0050% / 4h	5m 41s	$1.0M	$678K	10x
Short	Bitget XMRUSDT	586.14	0.0424	get 0.0424% / 8h	4h 05m	$9.7M	$14.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against edgeX. 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 edgeXbpFee BitgetbpOrdersPrice spread, now +0.255%Rate

Funding earned: $68.04
Price spread: +0.255% → −0.007%: $26.23
Slippage, 4 orders: −$36.29
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: $36.97
Costs to cover: 0.573%
Break-even: 3.2 days

Slippage from edgeX: live order book, 2 min ago; Bitget: live order book, 2 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 edgeX live order book, 2 min ago	10.17 bp	14.7 bp −$15	15.5 bp −$155	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	4.45 bp	12.7 bp −$13	21.0 bp −$210	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
Kraken Futures PF_XMRUSD	−0.0141%	1h	585.60	+0.162%	$5.5M	$20.5M	50x	as long as short
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0009%	1h	585.28	+0.109%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	554.47	−5.162%	$3K	$8K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	585.09	+0.075%	$46.6M	$60.2M	75x	as long as short
edgeX XMRUSDClong	+0.0100%	4h	584.65	long leg	$1.0M	$678K	10x
Polymarket Perps XMR-USD	+0.0100%	1h	586.07	+0.243%	$35K	$1.8M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	584.76	+0.019%	$2K	$2.0M	20x	as long as short
Aevo XMR-PERP	+0.0168%	1h	584.91	+0.045%	$12K	—	3x	as long as short
Gate XMR_USDT	+0.0239%	8h	585.94	+0.221%	$1.6M	$4.5M	50x	as long as short
Lighter XMR	+0.0328%	1h	585.41	+0.131%	$3.5M	$6.7M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XMR	+0.0329%	8h	585.29	+0.109%	$7.0M	$3.8M	—	as long as short
MEXC XMR_USDT	+0.0330%	8h	586.38	+0.296%	$22.6M	$15.2M	100x	as long as short
Binance XMRUSDT	+0.0333%	8h	585.25	+0.103%	$54.2M	$161.0M	75x	as long as short
Backpack XMR_USDC_PERP	+0.0336%	1h	586.09	+0.247%	$169K	$530K	20x	as long as short
Hyperliquid XMR	+0.0386%	1h	586.89	+0.383%	$83.4M	$61.6M	5x	as long as short
BingX XMR-USDT	+0.0406%	8h	586.59	+0.332%	—	$5.9M	—	as long as short
Pacifica XMR	+0.0408%	1h	585.71	+0.181%	$266K	$1.1M	10x	as long as short
Bitget XMRUSDTshort	+0.0424%	8h	586.14	+0.255%	$9.7M	$14.3M	50x
BloFin XMR-USDT	+0.0451%	8h	585.88	+0.211%	$2.8M	$11.0M	75x	as long as short
KuCoin XMRUSDTM	+0.0498%	8h	586.51	+0.318%	$48.6M	$25.7M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0539%	8h	585.52	+0.149%	$343K	$816K	10x	as long as short
Nado XMR-PERP	+0.0559%	1h	585.56	+0.156%	$1.3M	$463K	10x	as long as short
SoDEX XMR-USD	+0.0561%	1h	586.36	+0.293%	$446K	$4K	5x	as long as short
Aster XMRUSDT	+0.0590%	8h	586.23	+0.270%	$655K	$2.4M	75x	as long as short
Paradex XMR-USD-PERP	+0.0594%	8h	585.53	+0.151%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0769% / S −0.1053%	1h	585.11	+0.080%	$279K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0798%	8h	586.08	+0.245%	$48K	$736K	10x	as long as short
Extended XMR-USD	+0.0848%	1h	586.58	+0.330%	$3.2M	$6.4M	25x	as long as short
Aftermath Perps XMRUSD	+0.1750%	1h	584.56	−0.016%	$1K	$48K	10x	as long as short
dYdX XMR-USD	+0.1816%	1h	584.25	−0.069%	$106K	$48K	5x	as long as short
HTX XMR-USDT	+0.2406%	8h	584.00	−0.111%	$1.1M	$1.4M	20x	as long as short