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Funding arb · Price arb /

XMR

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0503%/8h= +55.1% APRnext payment +$5.03 per $10,000 · paid last 24h −0.031%
Price spread now: GRVT against Bybit+0.186%80s7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2,011as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2,03620.356% of the position
Long on BybitShort on GRVT
What this pair did over the last
the charts below follow
Funding, last 7 days+0.245%+$25 on $10k
Price spread, last 3 days (all we have)+0.183%+$18 · spread now +0.186%, 7d avg +0.025%
Together, before fees+0.428%+ Points / potential airdropGRVT: Active · farm board+$43 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and GRVT is 0.161% dearer against Bybit than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.025%. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.245% in total (about 12.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.03 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit XMRUSDT596.770.0100pay 0.0100% / 8h1h 22m$48.4M$61.7M75x
ShortGRVT XMR_USDT_Perp597.880.0603get 0.0603% / 8h1h 22m$355K$785K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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

Funding earned
$105.63
Price spread: +0.186% → +0.025%
$16.13
Slippage, 4 orders
−$2,015.62
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$1,913.85
Costs to cover
20.356%
Break-even
133.8 days
Slippage from Bybit: live order book, 2 min ago; GRVT: live order book, 61 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 2 min ago0.08 bp10.5 bp −$1022.7 bp −$22778.0 bp −$7,797doesn't fit
Sell GRVT live order book, 61 min ago2.52 bp9.5 bp −$10doesn't fitdoesn't fitdoesn't fit

XMR on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) XMR/USDL +0.0010% / S −0.0009%1h595.66−0.187%$44K—150xas long as short
Bybit XMRUSDTlong+0.0100%8h596.77long leg$48.4M$61.7M75x
edgeX XMRUSDC+0.0100%4h597.29+0.088%$1.1M$664K10xas long as short
SunX XMR-USDT+0.0100%8h596.17−0.101%$2K$1.9M20xas long as short
Aevo XMR-PERP+0.0168%1h596.79+0.004%$12K—3xas long as short
Variational Omni XMR+0.0282%8h597.79+0.171%$6.9M$2.6M—as long as short
MEXC XMR_USDT+0.0333%8h596.88+0.018%$22.3M$15.0M100xas long as short
Binance XMRUSDT+0.0333%8h596.87+0.017%$54.7M$163.1M75xas long as short
Kraken Futures PF_XMRUSD+0.0382%1h595.76−0.169%$5.7M$20.4M50xas long as short
Pacifica XMR+0.0387%1h595.88−0.148%$270K$1.0M10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX XMR-USDT+0.0394%8h596.91+0.023%—$5.7M—as long as short
Bitget XMRUSDT+0.0414%8h596.38−0.065%$9.9M$14.2M50xas long as short
BloFin XMR-USDT+0.0469%8h597.41+0.107%$2.8M$11.5M75xas long as short
KuCoin XMRUSDTM+0.0539%8h596.33−0.074%$48.6M$25.9M50xas long as short
Aster XMRUSDT+0.0544%8h596.08−0.115%$679K$2.4M75xas long as short
Gate XMR_USDT+0.0545%8h595.43−0.225%$1.7M$4.6M50xas long as short
Lighter XMR+0.0592%1h596.35−0.070%$3.4M$6.9M10xas long as short
GRVT XMR_USDT_Perpshort+0.0603%8h597.88+0.186%$355K$785K10x
Injective XMR/USDC PERP+0.0695%1h596.76−0.002%$3K$6K12xas long as short
GMX XMR/USD [WBTC.b-USDC]L +0.0808% / S −0.1288%1h595.44−0.223%$330K—100xas long as short
Paradex XMR-USD-PERP+0.0870%8h595.86−0.152%$8K$4K20xas long as short
Polymarket Perps XMR-USD+0.0872%1h596.40−0.062%$23K$1.8M5xas long as short
SoDEX XMR-USD+0.0917%1h596.69−0.013%$453K$3K5xas long as short
Orderly PERP_XMR_USDC+0.0944%8h596.61−0.027%$44K$729K10xas long as short
Backpack XMR_USDC_PERP+0.0985%1h596.30−0.079%$203K$575K20xas long as short
Nado XMR-PERP+0.1379%1h596.12−0.109%$1.3M$482K10xas long as short
dYdX XMR-USD+0.1773%1h594.45−0.389%$108K$50K5xas long as short
Extended XMR-USD+0.1880%1h596.76−0.002%$3.1M$6.8M25xas long as short
Hyperliquid XMR+0.1956%1h596.95+0.030%$88.8M$68.6M5xas long as short
HTX XMR-USDT+0.1982%8h595.19−0.265%$1.1M$1.5M20xas long as short
Aftermath Perps XMRUSD+0.2443%1h596.70−0.012%$2K$47K10xas long as short