Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0017%/8h= −1.8% APRpaid last 24h +0.254%

Price spread now: dYdX against KuCoin−0.020%7-day average −0.112% · you buy dearer than you sell

Net, funding: paid 7d − costs−$231as in the Funding arb table

Net, price: spread back to 7d avg − costs−$308as in the Price arb table

costs, in and out, $10k−$3173.169% of the position

Long on KuCoin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.861%+$86 on $10k

Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.020%, 7d avg −0.112%

Together, before fees+0.935%+$93 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.092% dearer against KuCoin than usual: you sell high and buy low (spread −0.020% now, against its 7-day average of −0.112%): +$9 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 19 days. Mind the row above: over the last 7 days funding on this pair paid +0.861%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XMRUSDTM	573.85	0.0564	pay 0.0564% / 8h	4h 37m	$45.0M	$26.5M	50x
Short	dYdX XMR-USD	573.74	0.0547	get 0.0068% / 1h	37m 05s	$104K	$44K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against KuCoin. 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 KuCoinbpFee dYdXbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$3.49
Price spread: −0.020% → −0.112%: $9.25
Slippage, 4 orders: −$294.85
Fee KuCoin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$311.1
Costs to cover: 3.169%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; dYdX: live order book, 22 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 KuCoin live order book, 2 min ago	5.22 bp	15.8 bp −$16	39.7 bp −$397	doesn't fit	doesn't fit
Sell dYdX live order book, 22 min ago	134.90 bp	139.9 bp −$140	139.9 bp −$1,399	350.6 bp −$35.1K	1587.4 bp −$793.7K

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
Injective XMR/USDC PERP	−0.0136%	1h	582.55	+1.516%	$3K	$3K	12x	as long as short
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0010%	1h	573.57	−0.049%	$45K	—	150x	as long as short
Lighter XMR	+0.0096%	1h	574.26	+0.072%	$3.3M	$7.4M	10x	as long as short
edgeX XMRUSDC	+0.0100%	4h	576.35	+0.436%	$1.0M	$654K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	574.33	+0.084%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	574.00	+0.026%	$1.1M	$1.6M	20x	as long as short
Kraken Futures PF_XMRUSD	+0.0149%	1h	573.46	−0.069%	$5.4M	$19.5M	50x	as long as short
Polymarket Perps XMR-USD	+0.0153%	1h	574.06	+0.037%	$19K	$2.2M	5x	as long as short
Aevo XMR-PERP	+0.0200%	1h	575.00	+0.201%	$12K	—	3x	as long as short
Gate XMR_USDT	+0.0379%	8h	574.05	+0.035%	$1.5M	$4.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit XMRUSDT	+0.0409%	8h	574.72	+0.152%	$46.6M	$64.0M	75x	as long as short
Backpack XMR_USDC_PERP	+0.0418%	1h	574.28	+0.075%	$168K	$534K	20x	as long as short
MEXC XMR_USDT	+0.0479%	8h	575.00	+0.200%	$20.2M	$15.0M	100x	as long as short
Binance XMRUSDT	+0.0480%	8h	574.98	+0.197%	$52.5M	$164.7M	75x	as long as short
BingX XMR-USDT	+0.0523%	8h	574.99	+0.199%	—	$5.7M	—	as long as short
Bitget XMRUSDT	+0.0544%	8h	574.79	+0.164%	$9.4M	$14.0M	50x	as long as short
dYdX XMR-USDshort	+0.0547%	1h	573.74	−0.020%	$104K	$44K	5x
KuCoin XMRUSDTMlong	+0.0564%	8h	573.85	long leg	$45.0M	$26.5M	50x
Pacifica XMR	+0.0626%	1h	574.56	+0.123%	$265K	$1.1M	10x	as long as short
Extended XMR-USD	+0.0656%	1h	574.79	+0.164%	$3.1M	$8.4M	25x	as long as short
Aster XMRUSDT	+0.0683%	8h	574.33	+0.083%	$640K	$2.4M	75x	as long as short
Hyperliquid XMR	+0.0693%	1h	574.70	+0.148%	$86.4M	$71.0M	5x	as long as short
Nado XMR-PERP	+0.0700%	1h	574.69	+0.147%	$1.3M	$465K	10x	as long as short
Paradex XMR-USD-PERP	+0.0763%	8h	575.06	+0.211%	$8K	$4K	20x	as long as short
BloFin XMR-USDT	+0.0774%	8h	574.94	+0.190%	$2.7M	$11.2M	75x	as long as short
SoDEX XMR-USD	+0.0842%	1h	574.72	+0.152%	$437K	$3K	5x	as long as short
GRVT XMR_USDT_Perp	+0.0848%	8h	577.61	+0.656%	$346K	$742K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0990% / S −0.1253%	1h	573.59	−0.045%	$590K	—	100x	as long as short
Variational Omni XMR	+0.1031%	8h	576.29	+0.425%	$6.6M	$2.2M	—	as long as short
Orderly PERP_XMR_USDC	+0.1114%	8h	574.78	+0.162%	$40K	$720K	10x	as long as short
Aftermath Perps XMRUSD	+0.2189%	1h	575.78	+0.336%	$1K	$44K	10x	as long as short