Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0407%/8h= −44.5% APRpaid last 24h −0.065%

Price spread now: Injective against MEXC+2.448%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on Injective

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

The price spread pays, funding is against you. Injective is 2.448% dearer against MEXC than usual: you sell high and buy low (spread +2.448% now, against zero (this spread has no 7-day history yet)): +$245 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 20 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XMR_USDT	568.63	0.0440	pay 0.0440% / 8h	5h 06m	$19.3M	$7.3M	100x
Short	Injective XMR/USDC PERP	582.55	0.0033	get 0.0004% / 1h	6m 53s	$3K	$3K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against MEXC. 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 MEXCbpFee InjectivebpOrdersPrice spread, now +2.448%Rate

Funding earned: −$85.4
Price spread: +2.448% → 0.000%: $244.8
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $155.38
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: MEXC: live order book, 5 min ago; Injective: no order-book sample. 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 MEXC live order book, 5 min ago	0.09 bp	3.5 bp −$4	31.8 bp −$318	83.2 bp −$8,324	212.0 bp −$106.0K
Sell Injective no order-book sample	—	—	—	—	—

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 exchanges

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 −0.0004%	1h	568.80	+0.030%	$33K	—	150x	as long as short
Injective XMR/USDC PERPshort	+0.0033%	1h	582.55	+2.448%	$3K	$3K	12x
edgeX XMRUSDC	+0.0100%	4h	569.72	+0.192%	$1.1M	$481K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	567.88	−0.132%	$2K	$827K	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	568.00	−0.111%	$1.0M	$895K	20x	as long as short
Extended XMR-USD	+0.0104%	1h	568.42	−0.036%	$3.1M	$6.1M	25x	as long as short
Lighter XMR	+0.0168%	1h	568.34	−0.051%	$3.0M	$4.6M	10x	as long as short
Aevo XMR-PERP	+0.0192%	1h	568.94	+0.055%	$11K	—	3x	as long as short
Polymarket Perps XMR-USD	+0.0356%	1h	568.48	−0.026%	$26K	$1.5M	5x	as long as short
Binance XMRUSDT	+0.0438%	8h	568.65	+0.003%	$52.5M	$77.5M	75x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XMR_USDTlong	+0.0440%	8h	568.63	long leg	$19.3M	$7.3M	100x
Aster XMRUSDT	+0.0444%	8h	568.39	−0.042%	$657K	$1.2M	75x	as long as short
Bybit XMRUSDT	+0.0476%	8h	568.47	−0.028%	$46.4M	$40.4M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0658%	1h	567.52	−0.194%	$5.4M	$6.1M	50x	as long as short
Paradex XMR-USD-PERP	+0.0661%	8h	568.82	+0.033%	$8K	$1K	20x	as long as short
GRVT XMR_USDT_Perp	+0.0663%	8h	569.99	+0.239%	$334K	$704K	10x	as long as short
Gate XMR_USDT	+0.0664%	8h	568.43	−0.035%	$1.5M	$2.2M	50x	as long as short
BingX XMR-USDT	+0.0729%	8h	569.62	+0.174%	—	$4.3M	—	as long as short
Hyperliquid XMR	+0.0735%	1h	568.28	−0.062%	$86.5M	$50.3M	5x	as long as short
KuCoin XMRUSDTM	+0.0747%	8h	568.67	+0.007%	$46.2M	$14.6M	50x	as long as short
SoDEX XMR-USD	+0.0752%	1h	568.66	+0.005%	$432K	$4K	5x	as long as short
Pacifica XMR	+0.0759%	1h	569.15	+0.092%	$269K	$594K	10x	as long as short
Bitget XMRUSDT	+0.0763%	8h	568.48	−0.026%	$9.1M	$8.6M	50x	as long as short
BloFin XMR-USDT	+0.0767%	8h	568.89	+0.046%	$2.7M	$8.9M	75x	as long as short
Nado XMR-PERP	+0.0770%	1h	569.02	+0.069%	$1.2M	$158K	10x	as long as short
Variational Omni XMR	+0.0809%	8h	571.07	+0.428%	$6.1M	$2.1M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1009% / S −0.1284%	1h	567.29	−0.235%	$619K	—	100x	as long as short
Backpack XMR_USDC_PERP	+0.1025%	1h	568.23	−0.070%	$161K	$416K	20x	as long as short
Orderly PERP_XMR_USDC	+0.1051%	8h	568.49	−0.025%	$41K	$252K	10x	as long as short
Aftermath Perps XMRUSD	+0.1901%	1h	569.11	+0.084%	$1K	$36K	10x	as long as short
dYdX XMR-USD	+0.3385%	1h	568.80	+0.030%	$103K	$24K	5x	as long as short