Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1200%/8h= −131.4% APRpaid last 24h −0.251%

Price spread now: Injective against Paradex+0.689%7-day average — · you sell dearer than you buy

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

Long on Paradex 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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Injective is 0.689% dearer against Paradex than usual: you sell high and buy low (spread +0.689% now, against zero (this spread has no 7-day history yet)): +$69 on $10k if it goes back. Holding the pair costs −$36 a day in funding at the current rate, which eats that in about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XMR-USD-PERP	592.67	0.1234	pay 0.1234% / 8h	7h 26m	$8K	$4K	20x
Short	Injective XMR/USDC PERP	596.76	0.0033	get 0.0004% / 1h	26m 09s	$3K	$4K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Paradex. 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 ParadexbpFee InjectivebpOrdersPrice spread, now +0.689%Rate

Funding earned: −$252.05
Price spread: +0.689% → 0.000%: $68.93
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$187.15
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; 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 Paradex no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Paradex and 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	591.74	−0.158%	$45K	—	150x	as long as short
Injective XMR/USDC PERPshort	+0.0033%	1h	596.76	+0.689%	$3K	$4K	12x
dYdX XMR-USD	+0.0065%	1h	591.70	−0.164%	$107K	$50K	5x	as long as short
edgeX XMRUSDC	+0.0100%	4h	592.45	−0.038%	$1.1M	$659K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	592.32	−0.060%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	591.00	−0.283%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0192%	1h	593.00	+0.055%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0429%	8h	592.94	+0.045%	$21.6M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0430%	8h	592.93	+0.043%	$54.1M	$166.9M	75x	as long as short
Bitget XMRUSDT	+0.0537%	8h	593.15	+0.080%	$9.7M	$14.5M	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	+0.0620%	8h	592.45	−0.038%	$2.8M	$11.7M	75x	as long as short
Aster XMRUSDT	+0.0639%	8h	592.63	−0.008%	$656K	$2.5M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0643%	1h	591.87	−0.137%	$5.6M	$20.5M	50x	as long as short
Pacifica XMR	+0.0659%	1h	592.98	+0.052%	$278K	$1.1M	10x	as long as short
KuCoin XMRUSDTM	+0.0694%	8h	592.52	−0.026%	$48.6M	$26.0M	50x	as long as short
Variational Omni XMR	+0.0851%	8h	593.40	+0.122%	$6.8M	$2.6M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0872% / S −0.2458%	1h	591.65	−0.173%	$551K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1041%	8h	592.90	+0.038%	$43K	$739K	10x	as long as short
Backpack XMR_USDC_PERP	+0.1070%	1h	592.63	−0.008%	$201K	$527K	20x	as long as short
Gate XMR_USDT	+0.1075%	8h	592.66	−0.003%	$1.6M	$4.6M	50x	as long as short
GRVT XMR_USDT_Perp	+0.1138%	8h	590.06	−0.442%	$349K	$804K	10x	as long as short
Polymarket Perps XMR-USD	+0.1223%	1h	592.77	+0.016%	$47K	$1.9M	5x	as long as short
Paradex XMR-USD-PERPlong	+0.1234%	8h	592.67	long leg	$8K	$4K	20x
Lighter XMR	+0.1280%	1h	592.96	+0.048%	$3.3M	$7.1M	10x	as long as short
BingX XMR-USDT	+0.1284%	8h	592.84	+0.028%	—	$5.8M	—	as long as short
Bybit XMRUSDT	+0.1289%	8h	592.89	+0.036%	$47.8M	$64.5M	75x	as long as short
SoDEX XMR-USD	+0.1345%	1h	592.92	+0.041%	$451K	$3K	5x	as long as short
Nado XMR-PERP	+0.1437%	1h	593.12	+0.074%	$1.3M	$467K	10x	as long as short
Hyperliquid XMR	+0.2049%	1h	593.27	+0.100%	$90.1M	$72.7M	5x	as long as short
Extended XMR-USD	+0.2536%	1h	592.85	+0.030%	$3.2M	$7.9M	25x	as long as short
Aftermath Perps XMRUSD	+0.2586%	1h	592.31	−0.061%	$1K	$46K	10x	as long as short