Crypto swap rate report: August 2026
Every figure below comes from Monivo's own quote sampling in August 2026. For each observation, every connected provider that could route the pair was asked for the same amount at the same instant, and the gap between the best and worst fillable payout was recorded. Nothing here is modelled, scaled or estimated.
Observations run from 2026-08-27 to 2026-08-31 (UTC).
Headline figures for August 2026
A median spread of 2.17% means that in a typical quote set, the best provider paid out that much more than the worst for the identical swap. Picking the wrong venue costs roughly that, before network fees.
Where the spread was widest in August 2026
Pairs are ranked by median spread across every comparable quote set recorded for them that month.
| Pair | Comparable sets | Median spread | Widest set |
|---|---|---|---|
| XMR → BTC | 1,914 | 3.93% | 8.53% |
| USDT → XMR | 1,918 | 2.80% | 50.04% |
| XMR → USDC | 1,904 | 2.76% | 71.50% |
| USDC → XMR | 1,915 | 2.30% | 45.33% |
| XMR → USDT | 1,886 | 2.24% | 16.45% |
| BTC → ETH | 2,298 | 1.91% | 33.33% |
| BTC → XMR | 2,046 | 1.70% | 297.39% |
| ETH → BTC | 1,919 | 1.67% | 24.93% |
| USDT → BTC | 1,874 | 1.57% | 15.85% |
| USDT → ETH | 1,875 | 1.54% | 5.88% |
The table lists the ten best-sampled pairs of the month. The headline figures above cover the whole sample, not just these ten.
Who quoted best in August 2026
How often each provider offered the highest payout in the quote sets it took part in. This is a record of quotes, not of executed trades.
Providers were not asked in comparable numbers of quote sets this month, so a ranking would say more about coverage than about pricing. It is withheld rather than published misleadingly.
How this month was measured
Same request, same instant
A spread is only computed inside one quote set — the answers several providers gave to one pair and amount at one moment. Quotes taken minutes apart are never compared.
Best answer per provider
Where a provider answered more than once in a set, only its best payout counts, so no venue is double-weighted.
Malformed answers removed
A quote more than three times away from the field is a broken answer, not a competitive one, and is discarded. A genuinely poor but plausible quote still counts.
Quoted, not executed
These are amounts providers offered to deliver. Floating-rate swaps settle at the market price when a deposit confirms, so a delivered amount can differ.
Coverage is the fixed sampling panel plus whatever pairs and sizes visitors asked for that month, and only providers connected to Monivo are represented. Figures are never extrapolated to a wider market.
Keep reading
Learn more
- How to swap cryptoStep-by-step walkthrough for swapping any pair safely, with fixed vs floating rates explained.
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- Crypto swap taxes (2026)Whether crypto-to-crypto swaps are taxable, what records to keep, and how gains are calculated.
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