Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.2316%/8h= +253.6% APRpaid last 24h +0.507%

Price spread now: Aftermath Perps against Bybit−0.129%53s7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Aftermath Perps

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

Funding pays, the price is against you. Aftermath Perps is 0.129% cheaper against Bybit than usual: you would sell low and buy high (spread −0.129% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 4 hours of funding at the current rate (+$69 a day). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XMRUSDT	598.04	0.0100	pay 0.0100% / 8h	1h 12m	$48.6M	$61.9M	75x
Short	Aftermath Perps XMRUSD	597.27	0.2416	get 0.0302% / 1h	12m 40s	$2K	$46K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Bybit. 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 BybitbpFee Aftermath PerpsbpOrdersPrice spread, now −0.129%Rate

Funding earned: $486.39
Price spread: −0.129% → 0.000%: −$12.89
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $453.5
Costs to cover: 0.200%
Break-even: 0.5 days

Slippage unknown: Bybit: live order book, 1 min ago; Aftermath Perps: 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 Bybit live order book, 1 min ago	0.84 bp	10.1 bp −$10	23.5 bp −$235	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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 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
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0009%	1h	596.75	−0.215%	$44K	—	150x	as long as short
Bybit XMRUSDTlong	+0.0100%	8h	598.04	long leg	$48.6M	$61.9M	75x
edgeX XMRUSDC	+0.0100%	4h	597.17	−0.145%	$1.1M	$666K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	596.88	−0.194%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0168%	1h	597.70	−0.057%	$12K	—	3x	as long as short
Variational Omni XMR	+0.0314%	8h	597.50	−0.090%	$6.9M	$2.6M	—	as long as short
MEXC XMR_USDT	+0.0337%	8h	597.85	−0.032%	$22.3M	$15.0M	100x	as long as short
Binance XMRUSDT	+0.0338%	8h	597.94	−0.017%	$54.8M	$163.2M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0381%	1h	596.81	−0.206%	$5.7M	$20.4M	50x	as long as short
Pacifica XMR	+0.0387%	1h	598.06	+0.004%	$271K	$1.0M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX XMR-USDT	+0.0392%	8h	598.16	+0.020%	—	$5.7M	—	as long as short
Bitget XMRUSDT	+0.0418%	8h	597.71	−0.055%	$10.0M	$14.2M	50x	as long as short
BloFin XMR-USDT	+0.0474%	8h	597.96	−0.013%	$2.8M	$11.6M	75x	as long as short
Gate XMR_USDT	+0.0543%	8h	597.24	−0.134%	$1.7M	$4.6M	50x	as long as short
KuCoin XMRUSDTM	+0.0546%	8h	597.25	−0.132%	$48.7M	$25.8M	50x	as long as short
Lighter XMR	+0.0552%	1h	597.42	−0.104%	$3.4M	$6.9M	10x	as long as short
Aster XMRUSDT	+0.0567%	8h	597.93	−0.018%	$685K	$2.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0614%	8h	597.80	−0.039%	$348K	$797K	10x	as long as short
Injective XMR/USDC PERP	+0.0695%	1h	596.76	−0.214%	$3K	$6K	12x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0809% / S −0.1288%	1h	596.58	−0.244%	$331K	—	100x	as long as short
Polymarket Perps XMR-USD	+0.0855%	1h	597.78	−0.043%	$23K	$1.8M	5x	as long as short
Paradex XMR-USD-PERP	+0.0871%	8h	597.61	−0.072%	$8K	$4K	20x	as long as short
SoDEX XMR-USD	+0.0877%	1h	597.93	−0.018%	$454K	$3K	5x	as long as short
Orderly PERP_XMR_USDC	+0.0950%	8h	597.68	−0.060%	$44K	$729K	10x	as long as short
Backpack XMR_USDC_PERP	+0.1034%	1h	597.47	−0.095%	$204K	$575K	20x	as long as short
Nado XMR-PERP	+0.1270%	1h	597.80	−0.039%	$1.3M	$475K	10x	as long as short
Extended XMR-USD	+0.1880%	1h	597.79	−0.041%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1935%	1h	598.78	+0.124%	$89.5M	$69.3M	5x	as long as short
dYdX XMR-USD	+0.1944%	1h	596.91	−0.189%	$108K	$50K	5x	as long as short
HTX XMR-USDT	+0.1973%	8h	595.43	−0.436%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSDshort	+0.2416%	1h	597.27	−0.129%	$2K	$46K	10x