Funding you earn now, next payment 00:00 UTC−0.0282%/8h= −30.9% APRnext payment −$2.82 per $10,000 · paid last 24h −0.119%
Price spread now: Bybit against Binance−0.063%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$440.443% of the position
Funding, last 7 days−0.228%−$23 on $10k
+Price spread, last 7 days+0.063%+$6 · spread now −0.063%, 7d avg −0.017%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bybit is 0.045% cheaper against Binance than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.017%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance XMRUSDT | 590.27 | 0.0382 | pay 0.0382% / 8h | 2h 52m | $54.2M | $161.7M | 75x |
| Short | Bybit XMRUSDT | 589.90 | 0.0100 | get 0.0100% / 8h | 2h 52m | $47.1M | $60.6M | 75x |
Binance XMRUSDT
Bybit XMRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$59.26
- Price spread: −0.063% → −0.017%
- −$4.54
- Slippage, 4 orders
- −$23.33
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$108.13
- Costs to cover
- 0.443%
- Break-even
- never at this rate
Slippage from Binance: live order book, 6 min ago; Bybit: live order book, 2 min ago.
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 Binance live order book, 6 min ago | 0.25 bp | 10.2 bp −$10 | 21.5 bp −$215 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.85 bp | 11.3 bp −$11 | 24.9 bp −$249 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XMR-USD | 0.0000% | 1h | 589.69 | −0.098% | $107K | $49K | 5x | as long as short |
| gTrade (Gains Network) XMR/USD | L +0.0010% / S −0.0009% | 1h | 589.85 | −0.071% | $45K | — | 150x | as long as short |
| Injective XMR/USDC PERP | +0.0033% | 1h | 554.47 | −6.065% | $3K | $5K | 12x | as long as short |
| Bybit XMRUSDTshort | +0.0100% | 8h | 589.90 | −0.063% | $47.1M | $60.6M | 75x | |
| Backpack XMR_USDC_PERP | +0.0100% | 1h | 589.61 | −0.112% | $209K | $556K | 20x | as long as short |
| edgeX XMRUSDC | +0.0100% | 4h | 590.94 | +0.114% | $1.0M | $672K | 10x | as long as short |
| SunX XMR-USDT | +0.0100% | 8h | 589.30 | −0.164% | $2K | $1.9M | 20x | as long as short |
| Aevo XMR-PERP | +0.0176% | 1h | 590.69 | +0.071% | $12K | — | 3x | as long as short |
| Polymarket Perps XMR-USD | +0.0185% | 1h | 590.28 | +0.002% | $24K | $1.8M | 5x | as long as short |
| SoDEX XMR-USD | +0.0193% | 1h | 590.20 | −0.012% | $449K | $4K | 5x | as long as short |
dYdX XMR-USD
gTrade (Gains Network) XMR/USD
Injective XMR/USDC PERP
Backpack XMR_USDC_PERP
edgeX XMRUSDC
SunX XMR-USDT
Aevo XMR-PERP
Polymarket Perps XMR-USD
SoDEX XMR-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter XMR | +0.0208% | 1h | 590.22 | −0.008% | $3.5M | $6.6M | 10x | as long as short |
| Gate XMR_USDT | +0.0316% | 8h | 589.94 | −0.056% | $1.6M | $4.5M | 50x | as long as short |
| Variational Omni XMR | +0.0332% | 8h | 590.44 | +0.029% | $6.9M | $2.8M | — | as long as short |
| Binance XMRUSDTlong | +0.0382% | 8h | 590.27 | long leg | $54.2M | $161.7M | 75x | |
| MEXC XMR_USDT | +0.0384% | 8h | 590.29 | +0.003% | $22.7M | $15.1M | 100x | as long as short |
| BingX XMR-USDT | +0.0395% | 8h | 590.12 | −0.025% | — | $5.8M | — | as long as short |
| Bitget XMRUSDT | +0.0407% | 8h | 590.18 | −0.015% | $9.8M | $13.9M | 50x | as long as short |
| BloFin XMR-USDT | +0.0539% | 8h | 589.91 | −0.061% | $2.8M | $11.2M | 75x | as long as short |
| Aster XMRUSDT | +0.0570% | 8h | 589.91 | −0.060% | $668K | $2.4M | 75x | as long as short |
| Nado XMR-PERP | +0.0591% | 1h | 589.99 | −0.047% | $1.3M | $477K | 10x | as long as short |
| KuCoin XMRUSDTM | +0.0617% | 8h | 590.27 | 0.000% | $49.1M | $25.5M | 50x | as long as short |
| Kraken Futures PF_XMRUSD | +0.0617% | 1h | 589.31 | −0.162% | $5.5M | $20.3M | 50x | as long as short |
| Pacifica XMR | +0.0619% | 1h | 590.17 | −0.017% | $267K | $1.1M | 10x | as long as short |
| GRVT XMR_USDT_Perp | +0.0647% | 8h | 590.56 | +0.049% | $346K | $798K | 10x | as long as short |
| Paradex XMR-USD-PERP | +0.0740% | 8h | 590.17 | −0.016% | $8K | $4K | 20x | as long as short |
| GMX XMR/USD [WBTC.b-USDC] | L +0.0838% / S −0.1411% | 1h | 589.48 | −0.134% | $351K | — | 100x | as long as short |
| Orderly PERP_XMR_USDC | +0.0871% | 8h | 590.34 | +0.012% | $48K | $729K | 10x | as long as short |
| Extended XMR-USD | +0.1080% | 1h | 590.19 | −0.014% | $3.1M | $6.8M | 25x | as long as short |
| Hyperliquid XMR | +0.1456% | 1h | 590.99 | +0.122% | $85.6M | $64.9M | 5x | as long as short |
| Aftermath Perps XMRUSD | +0.2237% | 1h | 590.44 | +0.029% | $1K | $47K | 10x | as long as short |
| HTX XMR-USDT | +0.2283% | 8h | 590.23 | −0.007% | $1.1M | $1.4M | 20x | as long as short |
Lighter XMR
Gate XMR_USDT
Variational Omni XMR
MEXC XMR_USDT
BingX XMR-USDT
Bitget XMRUSDT
BloFin XMR-USDT
Aster XMRUSDT
Nado XMR-PERP
KuCoin XMRUSDTM
Kraken Futures PF_XMRUSD
Pacifica XMR
GRVT XMR_USDT_Perp
Paradex XMR-USD-PERP
GMX XMR/USD [WBTC.b-USDC]
Orderly PERP_XMR_USDC
Extended XMR-USD
Hyperliquid XMR
Aftermath Perps XMRUSD
HTX XMR-USDT