Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0289%/8h= +31.6% APRpaid last 24h −0.116%

Price spread now: Lighter against Paradex−0.152%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Lighter

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 · Lighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.152% cheaper against Paradex than usual: you would sell low and buy high (spread −0.152% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 42 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XMR-USD-PERP	589.87	0.1039	pay 0.1039% / 8h	7h 49m	$8K	$4K	20x
Short	Lighter XMR	588.98	0.1328	get 0.0166% / 1h	49m 20s	$3.3M	$7.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.152%Rate

Funding earned: $60.67
Price spread: −0.152% → 0.000%: −$15.17
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Lighter: 0 bp × 2 orders: $0
Net: $41.49
Costs to cover: 0.040%
Break-even: 2.2 days

Slippage unknown: Paradex: no order-book sample; Lighter: live order book, 4 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 Paradex no order-book sample	—	—	—	—	—
Sell Lighter live order book, 4 min ago	3.50 bp	8.5 bp −$9	17.9 bp −$179	125.3 bp −$12.5K	doesn't fit

Paradex: 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	588.28	−0.270%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.167%	$3K	$4K	12x	as long as short
dYdX XMR-USD	+0.0043%	1h	588.62	−0.212%	$107K	$50K	5x	as long as short
edgeX XMRUSDC	+0.0100%	4h	592.61	+0.463%	$1.1M	$658K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	588.45	−0.241%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	588.00	−0.318%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0176%	1h	589.10	−0.131%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0387%	8h	589.46	−0.070%	$21.5M	$15.1M	100x	as long as short
Binance XMRUSDT	+0.0387%	8h	588.78	−0.185%	$53.9M	$166.4M	75x	as long as short
Bitget XMRUSDT	+0.0494%	8h	589.28	−0.101%	$9.7M	$14.6M	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	+0.0558%	8h	588.74	−0.192%	$2.7M	$11.6M	75x	as long as short
Aster XMRUSDT	+0.0616%	8h	589.29	−0.099%	$639K	$2.5M	75x	as long as short
KuCoin XMRUSDTM	+0.0629%	8h	589.15	−0.123%	$48.2M	$26.2M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0647%	1h	587.81	−0.351%	$5.6M	$20.6M	50x	as long as short
Pacifica XMR	+0.0659%	1h	590.00	+0.021%	$277K	$1.1M	10x	as long as short
Variational Omni XMR	+0.0711%	8h	590.83	+0.163%	$6.8M	$2.6M	—	as long as short
Backpack XMR_USDC_PERP	+0.0820%	1h	589.42	−0.077%	$200K	$555K	20x	as long as short
Gate XMR_USDT	+0.0865%	8h	589.26	−0.104%	$1.6M	$4.6M	50x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0869% / S −0.2452%	1h	587.82	−0.348%	$547K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1002%	8h	589.01	−0.146%	$42K	$734K	10x	as long as short
Paradex XMR-USD-PERPlong	+0.1039%	8h	589.87	long leg	$8K	$4K	20x
SoDEX XMR-USD	+0.1272%	1h	589.13	−0.126%	$448K	$3K	5x	as long as short
Lighter XMRshort	+0.1328%	1h	588.98	−0.152%	$3.3M	$7.1M	10x
Nado XMR-PERP	+0.1426%	1h	590.00	+0.022%	$1.3M	$470K	10x	as long as short
Polymarket Perps XMR-USD	+0.1450%	1h	589.68	−0.033%	$47K	$2.0M	5x	as long as short
Bybit XMRUSDT	+0.1628%	8h	589.00	−0.148%	$47.7M	$64.4M	75x	as long as short
BingX XMR-USDT	+0.1630%	8h	589.58	−0.050%	—	$5.8M	—	as long as short
GRVT XMR_USDT_Perp	+0.1732%	8h	592.18	+0.391%	$347K	$795K	10x	as long as short
Hyperliquid XMR	+0.2214%	1h	589.86	−0.003%	$89.1M	$72.7M	5x	as long as short
Extended XMR-USD	+0.2296%	1h	589.09	−0.133%	$3.2M	$7.2M	25x	as long as short
Aftermath Perps XMRUSD	+0.2475%	1h	590.08	+0.034%	$2K	$46K	10x	as long as short