XMR arbitrage explained
Right now Monero (XMR) trades on 10 venues we scan: 10 perpetual markets, 2 spot markets and 0 DEX pools. The lowest ask is on KuCoin spot at $559.73 and the highest bid on Bybit perp at $560.40.
The widest XMR perpetual spread is between HTX and Bybit: long XMR on HTX at $560.11 and short on Bybit at $560.40 for +0.05% gross, or -0.11% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best XMR route is to buy spot on KuCoin and short the perpetual on Bybit: +0.12% gross, -0.08% net, with +0.030% a day of funding on the short leg.
Spot–spot XMR arbitrage (buy on KuCoin, withdraw, deposit and sell on MEXC) shows -0.02% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small XMR gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: XMR funding rates · XMR spread charts · Monero price · arbitrage scanner for all coins.