Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1017%/8h= −111.4% APRpaid last 24h −0.101%

Price spread now: BingX against Extended+0.090%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$510.513% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.591%−$59 on $10k

Price spread, last 7 days−0.129%−$13 · spread now +0.090%, 7d avg +0.045%

Together, before fees−0.720%+ Points / potential airdropExtended: Active · farm board−$72 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.045% dearer against Extended than usual: you sell high and buy low (spread +0.090% now, against its 7-day average of +0.045%): +$4 on $10k if it goes back. Holding the pair costs −$31 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.591% in total) that is about 13 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.591% in total (about -30.8% 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	Extended XMR-USD	591.18	0.2464	pay 0.0308% / 1h	33m 38s	$3.2M	$7.9M	25x
Short	BingX XMR-USDT	591.71	0.1447	get 0.1447% / 8h	7h 33m	—	$5.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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 ExtendedbpFee BingXbpOrdersPrice spread, now +0.090%Rate

Funding earned: −$213.57
Price spread: +0.090% → +0.045%: $4.45
Slippage, 4 orders: −$36.3
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$260.42
Costs to cover: 0.513%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; BingX: 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 Extended live order book, 5 min ago	8.10 bp	12.2 bp −$12	110.7 bp −$1,107	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	0.08 bp	10.5 bp −$10	27.9 bp −$279	64.8 bp −$6,478	514.4 bp −$257.2K

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	591.32	+0.024%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+0.944%	$3K	$4K	12x	as long as short
dYdX XMR-USD	+0.0070%	1h	589.90	−0.217%	$107K	$50K	5x	as long as short
edgeX XMRUSDC	+0.0100%	4h	592.73	+0.262%	$1.1M	$661K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	592.07	+0.151%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	591.95	+0.130%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0184%	1h	591.80	+0.105%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0426%	8h	591.44	+0.044%	$21.5M	$15.2M	100x	as long as short
Binance XMRUSDT	+0.0426%	8h	591.55	+0.062%	$54.0M	$166.8M	75x	as long as short
Bitget XMRUSDT	+0.0528%	8h	591.43	+0.042%	$9.7M	$14.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin XMR-USDT	+0.0608%	8h	592.66	+0.250%	$2.8M	$11.7M	75x	as long as short
Aster XMRUSDT	+0.0636%	8h	591.64	+0.077%	$656K	$2.5M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0644%	1h	590.19	−0.167%	$5.6M	$20.5M	50x	as long as short
Pacifica XMR	+0.0659%	1h	591.45	+0.046%	$278K	$1.1M	10x	as long as short
KuCoin XMRUSDTM	+0.0681%	8h	591.08	−0.017%	$48.4M	$26.1M	50x	as long as short
Variational Omni XMR	+0.0813%	8h	593.30	+0.359%	$6.8M	$2.6M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0871% / S −0.2452%	1h	591.34	+0.027%	$550K	—	100x	as long as short
Gate XMR_USDT	+0.0917%	8h	591.46	+0.047%	$1.6M	$4.6M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0986%	1h	590.82	−0.061%	$200K	$526K	20x	as long as short
Orderly PERP_XMR_USDC	+0.1031%	8h	591.89	+0.120%	$42K	$738K	10x	as long as short
Paradex XMR-USD-PERP	+0.1185%	8h	591.02	−0.027%	$8K	$4K	20x	as long as short
Lighter XMR	+0.1224%	1h	591.23	+0.008%	$3.3M	$7.1M	10x	as long as short
GRVT XMR_USDT_Perp	+0.1256%	8h	593.00	+0.307%	$350K	$804K	10x	as long as short
Polymarket Perps XMR-USD	+0.1310%	1h	592.60	+0.240%	$48K	$1.9M	5x	as long as short
Nado XMR-PERP	+0.1419%	1h	591.57	+0.065%	$1.3M	$467K	10x	as long as short
SoDEX XMR-USD	+0.1429%	1h	591.35	+0.029%	$449K	$3K	5x	as long as short
BingX XMR-USDTshort	+0.1447%	8h	591.71	+0.090%	—	$5.8M	—
Bybit XMRUSDT	+0.1454%	8h	591.97	+0.134%	$47.7M	$64.5M	75x	as long as short
Hyperliquid XMR	+0.2133%	1h	592.18	+0.169%	$89.8M	$72.5M	5x	as long as short
Extended XMR-USDlong	+0.2464%	1h	591.18	long leg	$3.2M	$7.9M	25x
Aftermath Perps XMRUSD	+0.2565%	1h	592.12	+0.159%	$1K	$46K	10x	as long as short