Settings8H · net · $10k
Funding arb · Price arb /

XMR

all XMR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0615%/8h= +67.3% APRnext payment +$6.15 per $10,000 · paid last 24h +0.115%
Price spread now: KuCoin against SunX+0.193%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$1031.035% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.281%+$28 on $10k
Price spread, last 3 days (all we have)−0.153%−$15 · spread now +0.193%, 7d avg +0.002%
Together, before fees+0.128%+$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and KuCoin is 0.191% dearer against SunX than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.002%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.281% in total (about 14.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.15 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX XMR-USDT584.330.0100pay 0.0100% / 8h7h 00m$2K$2.0M20x
ShortKuCoin XMRUSDTM585.460.0715get 0.0715% / 8h7h 00m$48.0M$26.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$129.15
Price spread: +0.193% → +0.002%
$19.11
Slippage, 4 orders
−$83.47
Fee SunX: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$44.78
Costs to cover
1.035%
Break-even
4.6 days
Slippage from SunX: live order book, 5 min ago; KuCoin: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 5 min ago13.43 bp35.8 bp −$36doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 3 min ago3.49 bp24.0 bp −$2444.1 bp −$441doesn't fitdoesn't fit

XMR on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) XMR/USDL +0.0010% / S −0.0009%1h584.02−0.052%$34K150xas long as short
Injective XMR/USDC PERP+0.0033%1h596.76+2.127%$3K$4K12xas long as short
edgeX XMRUSDC+0.0100%4h587.16+0.484%$1.0M$663K10xas long as short
SunX XMR-USDTlong+0.0100%8h584.33long leg$2K$2.0M20x
HTX XMR-USDT+0.0100%8h584.49+0.027%$1.1M$1.6M20xas long as short
dYdX XMR-USD+0.0169%1h584.14−0.033%$106K$50K5xas long as short
Aevo XMR-PERP+0.0192%1h585.16+0.142%$12K3xas long as short
MEXC XMR_USDT+0.0432%8h585.56+0.210%$21.2M$15.3M100xas long as short
Binance XMRUSDT+0.0432%8h585.28+0.163%$53.4M$167.2M75xas long as short
Bitget XMRUSDT+0.0562%8h585.47+0.195%$9.6M$14.4M50xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate XMR_USDT+0.0600%8h585.47+0.195%$1.6M$4.7M50xas long as short
Aster XMRUSDT+0.0623%8h584.88+0.094%$649K$2.5M75xas long as short
BloFin XMR-USDT+0.0628%8h585.17+0.144%$2.7M$11.5M75xas long as short
Kraken Futures PF_XMRUSD+0.0651%1h583.85−0.082%$5.5M$20.5M50xas long as short
Pacifica XMR+0.0659%1h585.39+0.181%$269K$1.1M10xas long as short
KuCoin XMRUSDTMshort+0.0715%8h585.46+0.193%$48.0M$26.0M50x
GMX XMR/USD [WBTC.b-USDC]L +0.0895% / S −0.2606%1h583.93−0.068%$545K100xas long as short
Variational Omni XMR+0.0941%8h585.38+0.180%$6.7M$2.6Mas long as short
Backpack XMR_USDC_PERP+0.0949%1h584.37+0.007%$183K$535K20xas long as short
GRVT XMR_USDT_Perp+0.0961%8h589.16+0.827%$342K$792K10xas long as short
Orderly PERP_XMR_USDC+0.1042%8h585.03+0.120%$42K$733K10xas long as short
Polymarket Perps XMR-USD+0.1074%1h584.86+0.091%$50K$1.9M5xas long as short
Lighter XMR+0.1096%1h585.34+0.173%$3.3M$7.2M10xas long as short
Bybit XMRUSDT+0.1123%8h585.17+0.144%$46.9M$64.8M75xas long as short
BingX XMR-USDT+0.1137%8h586.23+0.325%$5.8Mas long as short
Paradex XMR-USD-PERP+0.1241%8h585.32+0.170%$8K$4K20xas long as short
SoDEX XMR-USD+0.1242%1h585.08+0.128%$445K$3K5xas long as short
Nado XMR-PERP+0.1363%1h585.29+0.164%$1.3M$464K10xas long as short
Hyperliquid XMR+0.1842%1h585.86+0.262%$88.9M$72.9M5xas long as short
Extended XMR-USD+0.2336%1h585.93+0.273%$3.1M$8.0M25xas long as short
Aftermath Perps XMRUSD+0.2664%1h585.98+0.282%$1K$46K10xas long as short