Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.1658%/8h= −181.5% APRpaid last 24h −0.242%

Price spread now: Orderly against Aftermath Perps+0.090%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 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. Orderly is 0.090% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.090% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$50 a day in funding at the current rate, which eats that in about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps XMRUSD	585.73	0.2729	pay 0.0341% / 1h	6m 16s	$1K	$46K	10x
Short	Orderly PERP_XMR_USDC	586.26	0.1071	get 0.1071% / 8h	6h 06m	$42K	$736K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Aftermath Perps. 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 Aftermath PerpsbpFee OrderlybpOrdersPrice spread, now +0.090%Rate

Funding earned: −$348.09
Price spread: +0.090% → 0.000%: $8.97
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$354.12
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Orderly: 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Aftermath Perps and Orderly: 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 30 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 −0.0010%	1h	585.28	−0.078%	$35K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.882%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	584.55	−0.202%	$1.0M	$668K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	585.73	−0.001%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	584.82	−0.156%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	586.14	+0.069%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0412%	1h	584.83	−0.154%	$106K	$50K	5x	as long as short
MEXC XMR_USDT	+0.0517%	8h	585.50	−0.040%	$20.8M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0519%	8h	585.45	−0.049%	$53.4M	$168.0M	75x	as long as short
Bitget XMRUSDT	+0.0625%	8h	586.42	+0.117%	$9.6M	$14.2M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XMRUSDT	+0.0697%	8h	585.74	+0.001%	$652K	$2.5M	75x	as long as short
BingX XMR-USDT	+0.0781%	8h	586.26	+0.090%	—	$5.8M	—	as long as short
KuCoin XMRUSDTM	+0.0782%	8h	584.25	−0.253%	$47.9M	$26.1M	50x	as long as short
Gate XMR_USDT	+0.0797%	8h	586.00	+0.045%	$1.6M	$4.6M	50x	as long as short
Bybit XMRUSDT	+0.0811%	8h	585.49	−0.042%	$47.4M	$65.0M	75x	as long as short
Pacifica XMR	+0.0821%	1h	586.41	+0.115%	$270K	$1.1M	10x	as long as short
Polymarket Perps XMR-USD	+0.0910%	1h	585.91	+0.030%	$32K	$2.1M	5x	as long as short
Backpack XMR_USDC_PERP	+0.0911%	1h	583.86	−0.320%	$172K	$539K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0953% / S −0.1202%	1h	585.07	−0.114%	$652K	—	100x	as long as short
Lighter XMR	+0.0976%	1h	585.99	+0.044%	$3.3M	$7.2M	10x	as long as short
GRVT XMR_USDT_Perp	+0.1031%	8h	584.44	−0.221%	$342K	$795K	10x	as long as short
Variational Omni XMR	+0.1043%	8h	586.31	+0.099%	$6.7M	$2.9M	—	as long as short
Orderly PERP_XMR_USDCshort	+0.1071%	8h	586.26	+0.090%	$42K	$736K	10x
Paradex XMR-USD-PERP	+0.1224%	8h	586.57	+0.142%	$8K	$4K	20x	as long as short
Kraken Futures PF_XMRUSD	+0.1307%	1h	584.96	−0.133%	$5.5M	$20.5M	50x	as long as short
Nado XMR-PERP	+0.1430%	1h	586.58	+0.143%	$1.3M	$466K	10x	as long as short
SoDEX XMR-USD	+0.1599%	1h	586.12	+0.066%	$445K	$3K	5x	as long as short
Hyperliquid XMR	+0.1631%	1h	586.24	+0.086%	$88.5M	$73.1M	5x	as long as short
Extended XMR-USD	+0.1832%	1h	586.11	+0.064%	$3.1M	$8.0M	25x	as long as short
Aftermath Perps XMRUSDlong	+0.2729%	1h	585.73	long leg	$1K	$46K	10x