Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1515%/8h= +165.9% APRpaid last 24h +0.145%

Price spread now: Extended against Binance−0.307%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs+$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$340.337% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.641%+$64 on $10k

Price spread, last 7 days+0.328%+$33 · spread now −0.307%, 7d avg −0.050%

Together, before fees+0.969%+ Points / potential airdropExtended: Active · farm board+$97 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.257% cheaper against Binance than usual: you would sell low and buy high (spread −0.307% now, against its 7-day average of −0.050%). If the spread goes back, that is −$26 on $10k: about 14 hours of funding at the current rate (+$45 a day). At the pace of the last 7 days (+0.641% in total) that is about 2.8 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.641% in total (about 33.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XMRUSDT	588.74	0.0501	pay 0.0501% / 8h	6h 28m	$53.9M	$168.5M	75x
Short	Extended XMR-USD	586.93	0.2016	get 0.0252% / 1h	28m 42s	$3.2M	$8.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Binance. 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 BinancebpFee ExtendedbpOrdersPrice spread, now −0.307%Rate

Funding earned: $318.22
Price spread: −0.307% → −0.050%: −$25.66
Slippage, 4 orders: −$18.69
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $258.86
Costs to cover: 0.337%
Break-even: 1.3 days

Slippage from Binance: live order book, 15 min ago; Extended: live order book, 5 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, 15 min ago	0.09 bp	10.8 bp −$11	27.9 bp −$279	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	4.03 bp	6.6 bp −$7	11.7 bp −$117	doesn't fit	doesn't fit

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	584.87	−0.656%	$35K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.363%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	585.74	−0.508%	$1.0M	$670K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	585.49	−0.551%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	584.95	−0.643%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0200%	1h	586.65	−0.354%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0493%	8h	589.57	+0.142%	$21.1M	$15.3M	100x	as long as short
Binance XMRUSDTlong	+0.0501%	8h	588.74	long leg	$53.9M	$168.5M	75x
dYdX XMR-USD	+0.0516%	1h	586.64	−0.356%	$106K	$50K	5x	as long as short
Gate XMR_USDT	+0.0549%	8h	586.23	−0.426%	$1.6M	$4.6M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0600%	8h	588.09	−0.110%	$9.6M	$14.5M	50x	as long as short
Aster XMRUSDT	+0.0676%	8h	587.07	−0.282%	$651K	$2.5M	75x	as long as short
KuCoin XMRUSDTM	+0.0773%	8h	587.63	−0.188%	$48.1M	$26.2M	50x	as long as short
Pacifica XMR	+0.0821%	1h	588.79	+0.009%	$273K	$1.1M	10x	as long as short
Backpack XMR_USDC_PERP	+0.0888%	1h	585.83	−0.494%	$183K	$534K	20x	as long as short
BingX XMR-USDT	+0.0896%	8h	587.26	−0.251%	—	$5.8M	—	as long as short
Bybit XMRUSDT	+0.0905%	8h	589.62	+0.150%	$47.6M	$65.1M	75x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0923% / S −0.1134%	1h	584.91	−0.650%	$653K	—	100x	as long as short
GRVT XMR_USDT_Perp	+0.0979%	8h	584.15	−0.779%	$340K	$792K	10x	as long as short
Lighter XMR	+0.0992%	1h	587.93	−0.137%	$3.3M	$7.2M	10x	as long as short
Variational Omni XMR	+0.1000%	8h	585.44	−0.560%	$6.6M	$2.9M	—	as long as short
Polymarket Perps XMR-USD	+0.1050%	1h	586.20	−0.431%	$47K	$2.1M	5x	as long as short
Orderly PERP_XMR_USDC	+0.1053%	8h	586.55	−0.371%	$42K	$735K	10x	as long as short
Paradex XMR-USD-PERP	+0.1207%	8h	588.97	+0.040%	$8K	$4K	20x	as long as short
Kraken Futures PF_XMRUSD	+0.1306%	1h	585.19	−0.603%	$5.6M	$20.5M	50x	as long as short
Nado XMR-PERP	+0.1404%	1h	586.82	−0.325%	$1.3M	$466K	10x	as long as short
SoDEX XMR-USD	+0.1739%	1h	586.46	−0.387%	$446K	$3K	5x	as long as short
Hyperliquid XMR	+0.1779%	1h	587.27	−0.249%	$88.9M	$73.7M	5x	as long as short
Extended XMR-USDshort	+0.2016%	1h	586.93	−0.307%	$3.2M	$8.3M	25x
Aftermath Perps XMRUSD	+0.2761%	1h	584.38	−0.740%	$1K	$46K	10x	as long as short