Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.2047%/8h= −224.2% APRpaid last 24h −0.120%

Price spread now: Binance against Extended+0.039%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

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

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.616%−$62 on $10k

Price spread, last 7 days−0.068%−$7 · spread now +0.039%, 7d avg +0.051%

Together, before fees−0.684%+ Points / potential airdropExtended: Active · farm board−$68 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.051%, so right now this pair is about funding alone: −$61 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.616% in total (about -32.1% 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	Extended XMR-USD	587.57	0.2472	pay 0.0309% / 1h	17m 27s	$3.2M	$7.9M	25x
Short	Binance XMRUSDT	587.80	0.0425	get 0.0425% / 8h	7h 17m	$53.6M	$167.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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 ExtendedbpFee BinancebpOrdersPrice spread, now +0.039%Rate

Funding earned: −$429.96
Price spread: +0.039% → +0.051%: −$1.19
Slippage, 4 orders: −$18.67
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$464.83
Costs to cover: 0.337%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Binance: live order book, 11 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 Extended live order book, 2 min ago	2.46 bp	5.1 bp −$5	10.9 bp −$109	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.08 bp	14.4 bp −$14	30.5 bp −$305	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 −0.0009%	1h	586.44	−0.192%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.565%	$3K	$4K	12x	as long as short
dYdX XMR-USD	+0.0077%	1h	586.89	−0.116%	$106K	$50K	5x	as long as short
edgeX XMRUSDC	+0.0100%	4h	590.84	+0.556%	$1.0M	$661K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	586.24	−0.226%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	587.00	−0.096%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0192%	1h	587.41	−0.026%	$12K	—	3x	as long as short
Binance XMRUSDTshort	+0.0425%	8h	587.80	+0.039%	$53.6M	$167.0M	75x
MEXC XMR_USDT	+0.0427%	8h	587.74	+0.030%	$21.3M	$15.3M	100x	as long as short
Bitget XMRUSDT	+0.0547%	8h	587.80	+0.040%	$9.7M	$14.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XMRUSDT	+0.0616%	8h	586.95	−0.105%	$652K	$2.5M	75x	as long as short
BloFin XMR-USDT	+0.0620%	8h	588.63	+0.181%	$2.7M	$11.6M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0648%	1h	586.54	−0.174%	$5.6M	$20.5M	50x	as long as short
Pacifica XMR	+0.0659%	1h	587.87	+0.052%	$278K	$1.1M	10x	as long as short
KuCoin XMRUSDTM	+0.0686%	8h	587.43	−0.023%	$48.2M	$26.0M	50x	as long as short
Gate XMR_USDT	+0.0738%	8h	587.25	−0.054%	$1.6M	$4.6M	50x	as long as short
Variational Omni XMR	+0.0867%	8h	591.04	+0.591%	$6.8M	$2.6M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0869% / S −0.2458%	1h	586.10	−0.249%	$546K	—	100x	as long as short
GRVT XMR_USDT_Perp	+0.0967%	8h	591.60	+0.686%	$350K	$792K	10x	as long as short
Backpack XMR_USDC_PERP	+0.0981%	1h	587.04	−0.090%	$184K	$535K	20x	as long as short
Orderly PERP_XMR_USDC	+0.1040%	8h	587.28	−0.049%	$42K	$739K	10x	as long as short
Bybit XMRUSDT	+0.1107%	8h	587.71	+0.024%	$47.3M	$64.7M	75x	as long as short
BingX XMR-USDT	+0.1111%	8h	587.97	+0.069%	—	$5.8M	—	as long as short
Polymarket Perps XMR-USD	+0.1120%	1h	587.54	−0.005%	$47K	$1.9M	5x	as long as short
SoDEX XMR-USD	+0.1188%	1h	587.28	−0.049%	$446K	$3K	5x	as long as short
Lighter XMR	+0.1224%	1h	588.02	+0.078%	$3.3M	$7.1M	10x	as long as short
Paradex XMR-USD-PERP	+0.1266%	8h	587.44	−0.021%	$8K	$4K	20x	as long as short
Nado XMR-PERP	+0.1420%	1h	587.72	+0.027%	$1.3M	$466K	10x	as long as short
Hyperliquid XMR	+0.1978%	1h	587.58	+0.002%	$89.2M	$73.0M	5x	as long as short
Extended XMR-USDlong	+0.2472%	1h	587.57	long leg	$3.2M	$7.9M	25x
Aftermath Perps XMRUSD	+0.2647%	1h	588.82	+0.214%	$1K	$46K	10x	as long as short