Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0475%/8h= +52.0% APRpaid last 24h +0.109%

Price spread now: KuCoin against edgeX−0.224%7-day average −0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$710.711% of the position

Long on edgeX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.248%+$25 on $10k

Price spread, last 3 days (all we have)−0.268%−$27 · spread now −0.224%, 7d avg −0.101%

Together, before fees−0.020%+ Points / potential airdropedgeX: Active · farm board−$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.123% cheaper against edgeX than usual: you would sell low and buy high (spread −0.224% now, against its 7-day average of −0.101%). If the spread goes back, that is −$12 on $10k: about 21 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.248% in total) that is about 3.5 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.248% in total (about 13.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XMRUSDC	600.61	0.0100	pay 0.0050% / 4h	38m 57s	$1.1M	$663K	10x
Short	KuCoin XMRUSDTM	599.26	0.0575	get 0.0575% / 8h	38m 57s	$49.0M	$26.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.224%Rate

Funding earned: $99.75
Price spread: −0.224% → −0.101%: −$12.27
Slippage, 4 orders: −$50.14
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $16.33
Costs to cover: 0.711%
Break-even: 5.9 days

Slippage from edgeX: live order book, 5 min ago; KuCoin: 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 edgeX live order book, 5 min ago	10.40 bp	14.9 bp −$15	15.6 bp −$156	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	3.33 bp	24.4 bp −$24	47.8 bp −$478	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 −0.0009%	1h	598.82	−0.297%	$45K	—	150x	as long as short
Lighter XMR	+0.0096%	1h	599.12	−0.248%	$3.4M	$6.9M	10x	as long as short
Bybit XMRUSDT	+0.0100%	8h	599.85	−0.126%	$49.1M	$63.0M	75x	as long as short
edgeX XMRUSDClong	+0.0100%	4h	600.61	long leg	$1.1M	$663K	10x
SunX XMR-USDT	+0.0100%	8h	599.17	−0.239%	$2K	$2.0M	20x	as long as short
Aevo XMR-PERP	+0.0160%	1h	599.71	−0.149%	$12K	—	3x	as long as short
Backpack XMR_USDC_PERP	+0.0257%	1h	598.88	−0.287%	$204K	$575K	20x	as long as short
Binance XMRUSDT	+0.0321%	8h	599.38	−0.204%	$54.9M	$164.2M	75x	as long as short
MEXC XMR_USDT	+0.0324%	8h	599.40	−0.201%	$22.3M	$14.9M	100x	as long as short
BingX XMR-USDT	+0.0408%	8h	599.88	−0.121%	—	$5.8M	—	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	+0.0413%	8h	600.72	+0.019%	$6.9M	$2.6M	—	as long as short
Bitget XMRUSDT	+0.0431%	8h	599.27	−0.222%	$10.0M	$14.3M	50x	as long as short
BloFin XMR-USDT	+0.0450%	8h	599.92	−0.114%	$2.8M	$11.7M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0459%	1h	598.44	−0.360%	$5.7M	$20.5M	50x	as long as short
Gate XMR_USDT	+0.0508%	8h	599.10	−0.251%	$1.7M	$4.6M	50x	as long as short
Pacifica XMR	+0.0565%	1h	600.01	−0.099%	$282K	$1.1M	10x	as long as short
KuCoin XMRUSDTMshort	+0.0575%	8h	599.26	−0.224%	$49.0M	$26.0M	50x
Aster XMRUSDT	+0.0586%	8h	599.32	−0.214%	$684K	$2.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0599%	8h	600.70	+0.016%	$352K	$794K	10x	as long as short
SoDEX XMR-USD	+0.0642%	1h	599.66	−0.157%	$456K	$3K	5x	as long as short
Polymarket Perps XMR-USD	+0.0670%	1h	599.88	−0.121%	$23K	$1.7M	5x	as long as short
Paradex XMR-USD-PERP	+0.0855%	8h	600.26	−0.058%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0888% / S −0.2522%	1h	598.75	−0.309%	$570K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0942%	8h	599.34	−0.211%	$44K	$729K	10x	as long as short
Nado XMR-PERP	+0.1103%	1h	599.54	−0.177%	$1.3M	$475K	10x	as long as short
Injective XMR/USDC PERP	+0.1312%	1h	596.76	−0.640%	$3K	$6K	12x	as long as short
Hyperliquid XMR	+0.1655%	1h	599.96	−0.107%	$90.5M	$70.3M	5x	as long as short
Extended XMR-USD	+0.1752%	1h	599.59	−0.169%	$3.2M	$6.9M	25x	as long as short
HTX XMR-USDT	+0.1993%	8h	599.00	−0.267%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2310%	1h	600.05	−0.092%	$2K	$47K	10x	as long as short
dYdX XMR-USD	+0.2650%	1h	599.19	−0.236%	$109K	$50K	5x	as long as short