Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0956%/8h= −104.7% APRpaid last 24h −0.185%

Price spread now: Bybit against Extended−0.016%7-day average +0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$350.352% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.813%−$81 on $10k

Price spread, last 7 days−0.007%−$1 · spread now −0.016%, 7d avg +0.032%

Together, before fees−0.821%+ Points / potential airdropExtended: Active · farm board−$82 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Bybit is 0.047% cheaper against Extended than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.032%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XMR-USD	591.71	0.1056	pay 0.0132% / 1h	48m 54s	$3.1M	$6.8M	25x
Short	Bybit XMRUSDT	591.62	0.0100	get 0.0100% / 8h	2h 48m	$47.3M	$60.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$200.76
Price spread: −0.016% → +0.032%: −$4.72
Slippage, 4 orders: −$19.15
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$240.63
Costs to cover: 0.352%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; Bybit: live order book, 5 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, 5 min ago	2.96 bp	6.0 bp −$6	11.7 bp −$117	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.85 bp	11.3 bp −$11	24.9 bp −$249	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
dYdX XMR-USD	0.0000%	1h	590.62	−0.185%	$107K	$49K	5x	as long as short
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0009%	1h	591.68	−0.006%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	554.47	−6.294%	$3K	$5K	12x	as long as short
Bybit XMRUSDTshort	+0.0100%	8h	591.62	−0.016%	$47.3M	$60.5M	75x
Backpack XMR_USDC_PERP	+0.0100%	1h	591.20	−0.087%	$204K	$558K	20x	as long as short
edgeX XMRUSDC	+0.0100%	4h	590.27	−0.243%	$1.0M	$672K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	591.19	−0.088%	$2K	$1.9M	20x	as long as short
SoDEX XMR-USD	+0.0100%	1h	591.91	+0.033%	$450K	$4K	5x	as long as short
Polymarket Perps XMR-USD	+0.0127%	1h	592.17	+0.077%	$24K	$1.8M	5x	as long as short
Lighter XMR	+0.0136%	1h	591.77	+0.010%	$3.5M	$6.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo XMR-PERP	+0.0176%	1h	591.99	+0.048%	$12K	—	3x	as long as short
Gate XMR_USDT	+0.0317%	8h	591.46	−0.043%	$1.6M	$4.5M	50x	as long as short
Variational Omni XMR	+0.0320%	8h	591.40	−0.053%	$6.9M	$2.8M	—	as long as short
MEXC XMR_USDT	+0.0380%	8h	591.86	+0.025%	$22.7M	$15.2M	100x	as long as short
Binance XMRUSDT	+0.0381%	8h	591.85	+0.024%	$54.3M	$161.8M	75x	as long as short
BingX XMR-USDT	+0.0390%	8h	591.69	−0.004%	—	$5.8M	—	as long as short
Bitget XMRUSDT	+0.0401%	8h	591.97	+0.044%	$9.8M	$13.9M	50x	as long as short
BloFin XMR-USDT	+0.0533%	8h	591.95	+0.040%	$2.8M	$11.3M	75x	as long as short
Aster XMRUSDT	+0.0567%	8h	591.63	−0.014%	$667K	$2.4M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0615%	1h	590.99	−0.123%	$5.6M	$20.3M	50x	as long as short
KuCoin XMRUSDTM	+0.0618%	8h	591.82	+0.018%	$49.2M	$25.4M	50x	as long as short
Pacifica XMR	+0.0619%	1h	591.89	+0.030%	$268K	$1.0M	10x	as long as short
GRVT XMR_USDT_Perp	+0.0641%	8h	591.83	+0.020%	$347K	$798K	10x	as long as short
Nado XMR-PERP	+0.0669%	1h	592.00	+0.048%	$1.3M	$477K	10x	as long as short
Paradex XMR-USD-PERP	+0.0733%	8h	591.84	+0.022%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0840% / S −0.1411%	1h	591.45	−0.044%	$352K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0867%	8h	591.87	+0.027%	$48K	$729K	10x	as long as short
Extended XMR-USDlong	+0.1056%	1h	591.71	long leg	$3.1M	$6.8M	25x
Hyperliquid XMR	+0.1464%	1h	592.64	+0.157%	$86.0M	$65.1M	5x	as long as short
Aftermath Perps XMRUSD	+0.2236%	1h	591.15	−0.095%	$1K	$47K	10x	as long as short
HTX XMR-USDT	+0.2302%	8h	589.96	−0.296%	$1.1M	$1.4M	20x	as long as short