Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.665%

Price spread now: HTX against Injective−1.468%7-day average — · you buy dearer than you sell

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

Long on Injective Short on HTX

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—needs both histories

Funding pays, the price is against you. HTX is 1.468% cheaper against Injective than usual: you would sell low and buy high (spread −1.468% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$147 on $10k: about 2 months of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XMR/USDC PERP	596.76	0.0033	pay 0.0004% / 1h	48m 57s	$3K	$4K	12x
Short	HTX XMR-USDT	588.00	0.0100	get 0.0100% / 8h	7h 48m	$1.1M	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Injective. 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 InjectivebpFee HTXbpOrdersPrice spread, now −1.468%Rate

Funding earned: $14
Price spread: −1.468% → 0.000%: −$146.79
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee HTX: 6 bp × 2 orders: −$12
Net: −$144.81
Costs to cover: 0.120%
Break-even: 79.4 days

Slippage unknown: Injective: no order-book sample; HTX: live order book, 5 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell HTX live order book, 5 min ago	18.52 bp	43.9 bp −$44	314.3 bp −$3,143	doesn't fit	doesn't fit

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 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	588.28	−1.421%	$45K	—	150x	as long as short
Injective XMR/USDC PERPlong	+0.0033%	1h	596.76	long leg	$3K	$4K	12x
dYdX XMR-USD	+0.0043%	1h	588.62	−1.364%	$107K	$50K	5x	as long as short
edgeX XMRUSDC	+0.0100%	4h	592.61	−0.696%	$1.1M	$658K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	588.45	−1.393%	$2K	$2.0M	20x	as long as short
HTX XMR-USDTshort	+0.0100%	8h	588.00	−1.468%	$1.1M	$1.5M	20x
Aevo XMR-PERP	+0.0176%	1h	589.10	−1.284%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0387%	8h	588.80	−1.334%	$21.5M	$15.1M	100x	as long as short
Binance XMRUSDT	+0.0387%	8h	588.67	−1.355%	$53.9M	$166.5M	75x	as long as short
Bitget XMRUSDT	+0.0494%	8h	588.87	−1.322%	$9.7M	$14.6M	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	+0.0558%	8h	588.74	−1.344%	$2.7M	$11.6M	75x	as long as short
Aster XMRUSDT	+0.0616%	8h	588.68	−1.354%	$639K	$2.5M	75x	as long as short
KuCoin XMRUSDTM	+0.0629%	8h	588.50	−1.384%	$48.1M	$26.2M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0647%	1h	587.81	−1.500%	$5.6M	$20.6M	50x	as long as short
Pacifica XMR	+0.0659%	1h	590.00	−1.133%	$277K	$1.1M	10x	as long as short
Variational Omni XMR	+0.0711%	8h	590.83	−0.993%	$6.8M	$2.6M	—	as long as short
Backpack XMR_USDC_PERP	+0.0770%	1h	588.05	−1.460%	$199K	$550K	20x	as long as short
Gate XMR_USDT	+0.0865%	8h	588.41	−1.399%	$1.6M	$4.6M	50x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0869% / S −0.2452%	1h	587.82	−1.498%	$547K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1002%	8h	589.01	−1.299%	$42K	$734K	10x	as long as short
Paradex XMR-USD-PERP	+0.1039%	8h	589.87	−1.154%	$8K	$4K	20x	as long as short
SoDEX XMR-USD	+0.1272%	1h	589.13	−1.279%	$448K	$3K	5x	as long as short
Lighter XMR	+0.1328%	1h	588.98	−1.304%	$3.3M	$7.1M	10x	as long as short
Nado XMR-PERP	+0.1426%	1h	590.00	−1.132%	$1.3M	$470K	10x	as long as short
Polymarket Perps XMR-USD	+0.1450%	1h	589.68	−1.186%	$47K	$2.0M	5x	as long as short
Bybit XMRUSDT	+0.1628%	8h	588.81	−1.332%	$47.7M	$64.5M	75x	as long as short
BingX XMR-USDT	+0.1630%	8h	589.08	−1.287%	—	$5.8M	—	as long as short
GRVT XMR_USDT_Perp	+0.1732%	8h	592.18	−0.768%	$347K	$795K	10x	as long as short
Hyperliquid XMR	+0.2177%	1h	588.83	−1.329%	$88.9M	$72.7M	5x	as long as short
Extended XMR-USD	+0.2296%	1h	588.66	−1.357%	$3.2M	$7.2M	25x	as long as short
Aftermath Perps XMRUSD	+0.2475%	1h	590.08	−1.120%	$2K	$46K	10x	as long as short