Settings8H · net · $10k
Funding arb · Price arb /

XMR

all XMR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0003%/8h= +0.4% APRpaid last 24h −0.334%
Price spread now: Bybit against dYdX+0.029%7-day average +0.190% · you sell dearer than you buy
Net, funding: paid 7d − costs−$409as in the Funding arb table
Net, price: spread back to 7d avg − costs−$324as in the Price arb table
costs, in and out, $10k−$3083.081% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−1.013%−$101 on $10k
Price spread, last 4 days (all we have)+0.041%+$4 · spread now +0.029%, 7d avg +0.190%
Together, before fees−0.973%−$97 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.161% cheaper against dYdX than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.190%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX XMR-USD580.100.0427pay 0.0053% / 1h51m 09s$105K$44K5x
ShortBybit XMRUSDT580.270.0430get 0.0430% / 8h4h 51m$47.1M$63.7M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against dYdX. 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
$0.71
Price spread: +0.029% → +0.190%
−$16.07
Slippage, 4 orders
−$287.11
Fee dYdX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$323.47
Costs to cover
3.081%
Break-even
3183.0 days
Slippage from dYdX: live order book, 8 min ago; Bybit: live order book, 3 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 dYdX live order book, 8 min ago134.90 bp143.0 bp −$143143.3 bp −$1,433311.7 bp −$31.2K1443.0 bp −$721.5K
Sell Bybit live order book, 3 min ago2.58 bp12.1 bp −$1228.2 bp −$282doesn'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
Injective XMR/USDC PERP−0.0136%1h582.55+0.422%$3K$3K12xas long as short
gTrade (Gains Network) XMR/USDL +0.0010% / S −0.0010%1h579.37−0.125%$45K150xas long as short
edgeX XMRUSDC+0.0100%4h581.11+0.174%$1.0M$655K10xas long as short
Polymarket Perps XMR-USD+0.0100%1h580.01−0.016%$32K$2.1M5xas long as short
SunX XMR-USDT+0.0100%8h579.47−0.109%$2K$1.9M20xas long as short
HTX XMR-USDT+0.0100%8h580.00−0.017%$1.1M$1.6M20xas long as short
Lighter XMR+0.0136%1h580.02−0.014%$3.2M$7.3M10xas long as short
Kraken Futures PF_XMRUSD+0.0148%1h579.00−0.190%$5.5M$19.6M50xas long as short
Aevo XMR-PERP+0.0200%1h580.31+0.036%$12K3xas long as short
dYdX XMR-USDlong+0.0427%1h580.10long leg$105K$44K5x
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit XMRUSDTshort+0.0430%8h580.27+0.029%$47.1M$63.7M75x
Backpack XMR_USDC_PERP+0.0450%1h579.60−0.086%$170K$534K20xas long as short
Gate XMR_USDT+0.0482%8h579.92−0.031%$1.6M$4.4M50xas long as short
Binance XMRUSDT+0.0491%8h580.27+0.030%$52.8M$164.5M75xas long as short
MEXC XMR_USDT+0.0493%8h580.34+0.041%$20.6M$14.9M100xas long as short
BingX XMR-USDT+0.0555%8h580.36+0.045%$5.6Mas long as short
Bitget XMRUSDT+0.0577%8h580.46+0.062%$9.5M$13.8M50xas long as short
Pacifica XMR+0.0626%1h580.48+0.065%$268K$1.1M10xas long as short
KuCoin XMRUSDTM+0.0634%8h580.08−0.003%$47.6M$25.1M50xas long as short
Hyperliquid XMR+0.0656%1h580.18+0.014%$87.3M$70.9M5xas long as short
Nado XMR-PERP+0.0673%1h580.23+0.022%$1.3M$463K10xas long as short
SoDEX XMR-USD+0.0679%1h580.21+0.019%$441K$3K5xas long as short
Aster XMRUSDT+0.0702%8h580.23+0.022%$651K$2.4M75xas long as short
BloFin XMR-USDT+0.0752%8h580.44+0.059%$2.7M$11.3M75xas long as short
Extended XMR-USD+0.0824%1h580.08−0.004%$3.1M$8.3M25xas long as short
Paradex XMR-USD-PERP+0.0829%8h580.67+0.098%$8K$4K20xas long as short
GRVT XMR_USDT_Perp+0.0872%8h581.14+0.179%$337K$741K10xas long as short
GMX XMR/USD [WBTC.b-USDC]L +0.0992% / S −0.1252%1h579.43−0.116%$596K100xas long as short
Variational Omni XMR+0.1037%8h580.03−0.011%$6.6M$2.3Mas long as short
Orderly PERP_XMR_USDC+0.1105%8h580.07−0.005%$41K$720K10xas long as short
Aftermath Perps XMRUSD+0.2312%1h580.81+0.123%$1K$45K10xas long as short