Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0793%/8h= +86.9% APRpaid last 24h −0.180%

Price spread now: Variational Omni against dYdX−0.103%7-day average +0.236% · you buy dearer than you sell

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

Long on dYdX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.398%−$40 on $10k

Price spread, last 4 days (all we have)+1.238%+$124 · spread now −0.103%, 7d avg +0.236%

Together, before fees+0.840%+ Points / potential airdropVariational Omni: Active · farm board+$84 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.338% cheaper against dYdX than usual: you would sell low and buy high (spread −0.103% now, against its 7-day average of +0.236%). If the spread goes back, that is −$34 on $10k: about 34 hours of funding at the current rate (+$24 a day). Mind the row above: over the last 4 days funding on this pair cost −0.398%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XMR-USD	573.77	0.0388	pay 0.0049% / 1h	23m 04s	$104K	$44K	5x
Short	Variational Omni XMR	573.18	0.1182	get 0.1182% / 8h	2h 23m	$6.3M	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against dYdX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 dYdXbpFee Variational OmnibpOrdersPrice spread, now −0.103%Rate

Funding earned: $166.59
Price spread: −0.103% → +0.236%: −$33.84
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $122.75
Costs to cover: 0.100%
Break-even: 1.8 days

Slippage unknown: dYdX: live order book, 26 min ago; Variational Omni: RFQ quote, 1 min ago. 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 dYdX live order book, 26 min ago	85.26 bp	100.3 bp −$100	101.3 bp −$1,013	184.7 bp −$18.5K	880.2 bp −$440.1K
Sell Variational Omni RFQ quote, 1 min ago	3.75 bp	doesn't fit	20.6 bp −$206	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
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0003%	1h	574.07	+0.053%	$38K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.530%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	573.27	−0.088%	$1.0M	$640K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	574.07	+0.052%	$2K	$1.8M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	573.30	−0.082%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0240%	1h	574.60	+0.144%	$12K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0324%	8h	574.77	+0.174%	$45.1M	$26.1M	50x	as long as short
dYdX XMR-USDlong	+0.0388%	1h	573.77	long leg	$104K	$44K	5x
Bitget XMRUSDT	+0.0574%	8h	575.14	+0.239%	$9.5M	$13.3M	50x	as long as short
MEXC XMR_USDT	+0.0617%	8h	575.11	+0.234%	$19.8M	$14.6M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XMRUSDT	+0.0621%	8h	575.30	+0.266%	$52.6M	$160.8M	75x	as long as short
Polymarket Perps XMR-USD	+0.0647%	1h	574.62	+0.148%	$27K	$2.2M	5x	as long as short
Gate XMR_USDT	+0.0649%	8h	574.81	+0.181%	$1.6M	$4.3M	50x	as long as short
BingX XMR-USDT	+0.0676%	8h	575.27	+0.261%	—	$5.6M	—	as long as short
Extended XMR-USD	+0.0680%	1h	574.94	+0.203%	$3.1M	$8.1M	25x	as long as short
Bybit XMRUSDT	+0.0707%	8h	574.84	+0.186%	$46.5M	$64.2M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0746%	1h	573.98	+0.036%	$5.4M	$19.1M	50x	as long as short
Aster XMRUSDT	+0.0774%	8h	574.79	+0.178%	$644K	$2.2M	75x	as long as short
Lighter XMR	+0.0872%	1h	575.05	+0.224%	$3.1M	$7.6M	10x	as long as short
Paradex XMR-USD-PERP	+0.0888%	8h	575.41	+0.285%	$8K	$4K	20x	as long as short
Pacifica XMR	+0.0912%	1h	575.35	+0.275%	$266K	$1.0M	10x	as long as short
GRVT XMR_USDT_Perp	+0.1013%	8h	574.39	+0.108%	$345K	$727K	10x	as long as short
BloFin XMR-USDT	+0.1018%	8h	575.16	+0.242%	$2.7M	$11.2M	75x	as long as short
Hyperliquid XMR	+0.1064%	1h	574.96	+0.207%	$86.8M	$70.8M	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1084% / S −0.1448%	1h	573.90	+0.023%	$594K	—	100x	as long as short
Variational Omni XMRshort	+0.1182%	8h	573.18	−0.103%	$6.3M	$2.3M	—
Orderly PERP_XMR_USDC	+0.1189%	8h	574.92	+0.200%	$40K	$677K	10x	as long as short
Nado XMR-PERP	+0.1243%	1h	574.89	+0.196%	$1.3M	$452K	10x	as long as short
SoDEX XMR-USD	+0.1250%	1h	575.18	+0.246%	$437K	$3K	5x	as long as short
Backpack XMR_USDC_PERP	+0.1397%	1h	574.71	+0.164%	$169K	$531K	20x	as long as short
Aftermath Perps XMRUSD	+0.2050%	1h	573.50	−0.047%	$1K	$42K	10x	as long as short