Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0404%/8h= +44.2% APRpaid last 24h +0.119%

Price spread now: MEXC against Injective−1.490%85s7-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 MEXC

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. MEXC is 1.490% cheaper against Injective than usual: you would sell low and buy high (spread −1.490% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$149 on $10k: about 12 days of funding at the current rate (+$12 a day). The two prices were read 85 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	Injective XMR/USDC PERP	596.76	0.0033	pay 0.0004% / 1h	3m 53s	$3K	$4K	12x
Short	MEXC XMR_USDT	587.87	0.0437	get 0.0437% / 8h	7h 03m	$21.3M	$15.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −1.490%Rate

Funding earned: $84.77
Price spread: −1.490% → 0.000%: −$148.97
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$68.22
Costs to cover: 0.040%
Break-even: 12.6 days

Slippage unknown: Injective: no order-book sample; MEXC: 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 MEXC live order book, 5 min ago	0.09 bp	3.6 bp −$4	31.5 bp −$315	74.6 bp −$7,460	230.9 bp −$115.4K

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	587.00	−1.635%	$34K	—	150x	as long as short
Injective XMR/USDC PERPlong	+0.0033%	1h	596.76	long leg	$3K	$4K	12x
edgeX XMRUSDC	+0.0100%	4h	588.69	−1.352%	$1.0M	$662K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	587.06	−1.625%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	587.39	−1.570%	$1.1M	$1.6M	20x	as long as short
dYdX XMR-USD	+0.0120%	1h	587.24	−1.596%	$106K	$50K	5x	as long as short
Aevo XMR-PERP	+0.0192%	1h	588.01	−1.466%	$12K	—	3x	as long as short
Binance XMRUSDT	+0.0437%	8h	587.51	−1.550%	$53.6M	$167.0M	75x	as long as short
MEXC XMR_USDTshort	+0.0437%	8h	587.87	−1.490%	$21.3M	$15.3M	100x
Bitget XMRUSDT	+0.0566%	8h	587.89	−1.486%	$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
Aster XMRUSDT	+0.0632%	8h	588.00	−1.468%	$652K	$2.5M	75x	as long as short
BloFin XMR-USDT	+0.0633%	8h	588.32	−1.414%	$2.7M	$11.5M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0648%	1h	586.67	−1.692%	$5.6M	$20.5M	50x	as long as short
Pacifica XMR	+0.0659%	1h	589.05	−1.292%	$271K	$1.1M	10x	as long as short
Gate XMR_USDT	+0.0690%	8h	587.69	−1.520%	$1.6M	$4.7M	50x	as long as short
KuCoin XMRUSDTM	+0.0730%	8h	587.68	−1.522%	$48.2M	$26.0M	50x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0888% / S −0.2559%	1h	587.04	−1.629%	$548K	—	100x	as long as short
Variational Omni XMR	+0.0927%	8h	587.94	−1.479%	$6.7M	$2.6M	—	as long as short
GRVT XMR_USDT_Perp	+0.0953%	8h	588.84	−1.327%	$348K	$792K	10x	as long as short
Backpack XMR_USDC_PERP	+0.0992%	1h	587.41	−1.567%	$184K	$535K	20x	as long as short
Orderly PERP_XMR_USDC	+0.1042%	8h	588.21	−1.433%	$43K	$733K	10x	as long as short
Polymarket Perps XMR-USD	+0.1105%	1h	588.71	−1.349%	$49K	$1.9M	5x	as long as short
Lighter XMR	+0.1160%	1h	587.84	−1.494%	$3.3M	$7.2M	10x	as long as short
BingX XMR-USDT	+0.1172%	8h	587.35	−1.577%	—	$5.8M	—	as long as short
Bybit XMRUSDT	+0.1197%	8h	587.23	−1.597%	$47.2M	$64.7M	75x	as long as short
Paradex XMR-USD-PERP	+0.1265%	8h	588.94	−1.310%	$8K	$4K	20x	as long as short
SoDEX XMR-USD	+0.1277%	1h	587.91	−1.483%	$447K	$3K	5x	as long as short
Nado XMR-PERP	+0.1367%	1h	588.91	−1.315%	$1.3M	$464K	10x	as long as short
Hyperliquid XMR	+0.1874%	1h	588.27	−1.423%	$89.2M	$72.7M	5x	as long as short
Extended XMR-USD	+0.2392%	1h	587.78	−1.504%	$3.1M	$8.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2641%	1h	588.63	−1.363%	$1K	$46K	10x	as long as short