Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.037%

Price spread now: Injective against edgeX+2.352%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

The price spread pays, funding is against you. Injective is 2.352% dearer against edgeX than usual: you sell high and buy low (spread +2.352% now, against zero (this spread has no 7-day history yet)): +$235 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XMRUSDC	569.16	0.0100	pay 0.0050% / 4h	1h 53m	$1.0M	$462K	10x
Short	Injective XMR/USDC PERP	582.55	0.0033	get 0.0004% / 1h	53m 24s	$3K	$3K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +2.352%Rate

Funding earned: −$14
Price spread: +2.352% → 0.000%: $235.24
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $212.22
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: edgeX: live order book, 3 min ago; Injective: no order-book sample. Net counts fees only.

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, 3 min ago	10.20 bp	14.7 bp −$15	15.5 bp −$155	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XMR on 31 exchanges

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	566.41	−0.484%	$32K	—	150x	as long as short
Injective XMR/USDC PERPshort	+0.0033%	1h	582.55	+2.352%	$3K	$3K	12x
edgeX XMRUSDClong	+0.0100%	4h	569.16	long leg	$1.0M	$462K	10x
SunX XMR-USDT	+0.0100%	8h	567.01	−0.378%	$2K	$865K	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	567.00	−0.380%	$1.0M	$935K	20x	as long as short
Lighter XMR	+0.0176%	1h	567.37	−0.315%	$3.0M	$4.5M	10x	as long as short
Aevo XMR-PERP	+0.0200%	1h	567.71	−0.255%	$11K	—	3x	as long as short
Polymarket Perps XMR-USD	+0.0301%	1h	567.36	−0.316%	$29K	$1.5M	5x	as long as short
Binance XMRUSDT	+0.0468%	8h	567.59	−0.276%	$52.2M	$80.3M	75x	as long as short
MEXC XMR_USDT	+0.0470%	8h	567.61	−0.273%	$19.5M	$7.2M	100x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XMRUSDT	+0.0502%	8h	566.98	−0.383%	$655K	$1.2M	75x	as long as short
Bybit XMRUSDT	+0.0547%	8h	567.59	−0.276%	$46.0M	$41.2M	75x	as long as short
Extended XMR-USD	+0.0552%	1h	567.37	−0.316%	$3.1M	$6.4M	25x	as long as short
Gate XMR_USDT	+0.0560%	8h	567.31	−0.325%	$1.5M	$2.2M	50x	as long as short
KuCoin XMRUSDTM	+0.0599%	8h	567.52	−0.288%	$45.8M	$14.9M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0659%	1h	566.51	−0.466%	$5.4M	$6.3M	50x	as long as short
BingX XMR-USDT	+0.0677%	8h	567.67	−0.262%	—	$4.5M	—	as long as short
Paradex XMR-USD-PERP	+0.0709%	8h	567.48	−0.296%	$8K	$1K	20x	as long as short
Bitget XMRUSDT	+0.0711%	8h	567.59	−0.276%	$9.1M	$8.8M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0713%	1h	567.11	−0.360%	$127K	$407K	20x	as long as short
Nado XMR-PERP	+0.0720%	1h	567.61	−0.273%	$1.2M	$164K	10x	as long as short
GRVT XMR_USDT_Perp	+0.0725%	8h	567.69	−0.259%	$330K	$669K	10x	as long as short
Hyperliquid XMR	+0.0728%	1h	567.56	−0.281%	$86.5M	$51.6M	5x	as long as short
BloFin XMR-USDT	+0.0756%	8h	568.17	−0.174%	$2.7M	$9.1M	75x	as long as short
Pacifica XMR	+0.0759%	1h	567.57	−0.280%	$268K	$609K	10x	as long as short
SoDEX XMR-USD	+0.0806%	1h	567.65	−0.265%	$431K	$4K	5x	as long as short
Variational Omni XMR	+0.0838%	8h	568.27	−0.157%	$6.1M	$2.2M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0935% / S −0.1108%	1h	566.36	−0.492%	$589K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1056%	8h	567.34	−0.320%	$41K	$305K	10x	as long as short
Aftermath Perps XMRUSD	+0.2117%	1h	567.99	−0.206%	$1K	$37K	10x	as long as short
dYdX XMR-USD	+0.3432%	1h	566.29	−0.504%	$103K	$24K	5x	as long as short