Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.014%

Price spread now: Injective against SunX+1.462%61s7-day average — · you sell dearer than you buy

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

Long on SunX 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 1.462% dearer against SunX than usual: you sell high and buy low (spread +1.462% now, against zero (this spread has no 7-day history yet)): +$146 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2 months. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XMR-USDT	588.16	0.0100	pay 0.0100% / 8h	6h 46m	$2K	$2.0M	20x
Short	Injective XMR/USDC PERP	596.76	0.0033	get 0.0004% / 1h	46m 11s	$3K	$4K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against SunX. 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 SunXbpFee InjectivebpOrdersPrice spread, now +1.462%Rate

Funding earned: −$14
Price spread: +1.462% → 0.000%: $146.22
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $124.2
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 10 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 SunX live order book, 10 min ago	49.47 bp	71.1 bp −$71	doesn't fit	doesn't fit	doesn't fit
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 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	588.41	+0.043%	$34K	—	150x	as long as short
Injective XMR/USDC PERPshort	+0.0033%	1h	596.76	+1.462%	$3K	$4K	12x
edgeX XMRUSDC	+0.0100%	4h	591.30	+0.535%	$1.1M	$664K	10x	as long as short
SunX XMR-USDTlong	+0.0100%	8h	588.16	long leg	$2K	$2.0M	20x
HTX XMR-USDT	+0.0100%	8h	589.46	+0.221%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0200%	1h	589.43	+0.215%	$12K	—	3x	as long as short
Binance XMRUSDT	+0.0469%	8h	589.71	+0.263%	$53.9M	$167.7M	75x	as long as short
MEXC XMR_USDT	+0.0470%	8h	589.50	+0.228%	$21.2M	$15.2M	100x	as long as short
Bitget XMRUSDT	+0.0578%	8h	588.72	+0.095%	$9.7M	$14.4M	50x	as long as short
Gate XMR_USDT	+0.0580%	8h	589.00	+0.143%	$1.6M	$4.6M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XMRUSDT	+0.0654%	8h	588.62	+0.078%	$654K	$2.5M	75x	as long as short
BloFin XMR-USDT	+0.0679%	8h	591.31	+0.536%	$2.7M	$11.6M	75x	as long as short
dYdX XMR-USD	+0.0691%	1h	587.40	−0.129%	$106K	$50K	5x	as long as short
KuCoin XMRUSDTM	+0.0735%	8h	589.10	+0.160%	$48.2M	$26.1M	50x	as long as short
Pacifica XMR	+0.0821%	1h	588.84	+0.116%	$271K	$1.1M	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0918% / S −0.1124%	1h	588.06	−0.018%	$665K	—	100x	as long as short
Variational Omni XMR	+0.0967%	8h	588.98	+0.139%	$6.7M	$2.7M	—	as long as short
Backpack XMR_USDC_PERP	+0.0973%	1h	589.06	+0.153%	$184K	$535K	20x	as long as short
BingX XMR-USDT	+0.0990%	8h	589.59	+0.243%	—	$5.8M	—	as long as short
Bybit XMRUSDT	+0.1000%	8h	590.10	+0.330%	$47.5M	$65.0M	75x	as long as short
GRVT XMR_USDT_Perp	+0.1020%	8h	591.46	+0.561%	$351K	$789K	10x	as long as short
Polymarket Perps XMR-USD	+0.1022%	1h	589.01	+0.145%	$51K	$1.9M	5x	as long as short
Orderly PERP_XMR_USDC	+0.1048%	8h	589.35	+0.202%	$42K	$735K	10x	as long as short
Lighter XMR	+0.1056%	1h	589.29	+0.192%	$3.3M	$7.2M	10x	as long as short
Paradex XMR-USD-PERP	+0.1252%	8h	588.53	+0.064%	$8K	$4K	20x	as long as short
Kraken Futures PF_XMRUSD	+0.1298%	1h	588.64	+0.082%	$5.6M	$20.5M	50x	as long as short
Nado XMR-PERP	+0.1428%	1h	589.04	+0.150%	$1.3M	$464K	10x	as long as short
SoDEX XMR-USD	+0.1494%	1h	589.65	+0.253%	$448K	$3K	5x	as long as short
Hyperliquid XMR	+0.1687%	1h	589.49	+0.226%	$89.4M	$73.1M	5x	as long as short
Extended XMR-USD	+0.2168%	1h	589.69	+0.261%	$3.2M	$8.2M	25x	as long as short
Aftermath Perps XMRUSD	+0.2646%	1h	589.14	+0.167%	$1K	$46K	10x	as long as short