Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0279%/8h= −30.6% APRpaid last 24h −0.043%

Price spread now: Binance against Lighter−0.023%7-day average +0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$340.338% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.202%−$20 on $10k

Price spread, last 7 days+0.050%+$5 · spread now −0.023%, 7d avg +0.036%

Together, before fees−0.152%+ Points / potential airdropLighter: Season 3 · farm board−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Binance is 0.059% cheaper against Lighter than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.036%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XMR	573.22	0.0896	pay 0.0112% / 1h	29m 46s	$3.1M	$7.5M	10x
Short	Binance XMRUSDT	573.09	0.0617	get 0.0617% / 8h	2h 29m	$52.4M	$161.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter. 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 LighterbpFee BinancebpOrdersPrice spread, now −0.023%Rate

Funding earned: −$58.6
Price spread: −0.023% → +0.036%: −$5.92
Slippage, 4 orders: −$23.81
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$98.33
Costs to cover: 0.338%
Break-even: never at this rate

Slippage from Lighter: live order book, 9 min ago; Binance: live order book, 13 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 Lighter live order book, 9 min ago	2.13 bp	3.8 bp −$4	15.1 bp −$151	112.3 bp −$11.2K	doesn't fit
Sell Binance live order book, 13 min ago	0.26 bp	11.2 bp −$11	26.9 bp −$269	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 −0.0003%	1h	571.76	−0.255%	$37K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.627%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	572.10	−0.196%	$1.0M	$644K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	572.34	−0.154%	$2K	$1.8M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	572.95	−0.047%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0232%	1h	573.26	+0.006%	$12K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0323%	8h	572.46	−0.133%	$44.9M	$26.2M	50x	as long as short
dYdX XMR-USD	+0.0433%	1h	571.88	−0.234%	$104K	$44K	5x	as long as short
Bitget XMRUSDT	+0.0574%	8h	573.63	+0.071%	$9.4M	$13.3M	50x	as long as short
MEXC XMR_USDT	+0.0616%	8h	573.40	+0.031%	$19.8M	$14.6M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XMRUSDTshort	+0.0617%	8h	573.09	−0.023%	$52.4M	$161.1M	75x
Gate XMR_USDT	+0.0637%	8h	572.51	−0.124%	$1.5M	$4.3M	50x	as long as short
BingX XMR-USDT	+0.0681%	8h	573.34	+0.021%	—	$5.7M	—	as long as short
Polymarket Perps XMR-USD	+0.0701%	1h	572.75	−0.082%	$27K	$2.2M	5x	as long as short
Bybit XMRUSDT	+0.0711%	8h	573.07	−0.027%	$46.4M	$64.2M	75x	as long as short
Extended XMR-USD	+0.0728%	1h	573.13	−0.017%	$3.0M	$8.2M	25x	as long as short
Kraken Futures PF_XMRUSD	+0.0749%	1h	571.93	−0.226%	$5.4M	$19.1M	50x	as long as short
Aster XMRUSDT	+0.0767%	8h	573.03	−0.034%	$642K	$2.2M	75x	as long as short
Lighter XMRlong	+0.0896%	1h	573.22	long leg	$3.1M	$7.5M	10x
Pacifica XMR	+0.0912%	1h	573.23	+0.001%	$265K	$1.0M	10x	as long as short
Paradex XMR-USD-PERP	+0.0919%	8h	573.20	−0.004%	$8K	$4K	20x	as long as short
GRVT XMR_USDT_Perp	+0.1008%	8h	572.14	−0.189%	$344K	$727K	10x	as long as short
BloFin XMR-USDT	+0.1013%	8h	572.28	−0.164%	$2.7M	$11.2M	75x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1068% / S −0.1419%	1h	571.66	−0.273%	$592K	—	100x	as long as short
Hyperliquid XMR	+0.1140%	1h	573.44	+0.038%	$86.5M	$70.9M	5x	as long as short
Orderly PERP_XMR_USDC	+0.1185%	8h	572.68	−0.095%	$40K	$703K	10x	as long as short
Variational Omni XMR	+0.1189%	8h	572.35	−0.152%	$6.3M	$2.3M	—	as long as short
SoDEX XMR-USD	+0.1298%	1h	573.08	−0.025%	$436K	$3K	5x	as long as short
Nado XMR-PERP	+0.1314%	1h	573.22	0.000%	$1.3M	$456K	10x	as long as short
Backpack XMR_USDC_PERP	+0.1370%	1h	572.68	−0.095%	$168K	$532K	20x	as long as short
Aftermath Perps XMRUSD	+0.2091%	1h	572.14	−0.189%	$1K	$43K	10x	as long as short