Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0165%/8h= +18.1% APRpaid last 24h −0.096%

Price spread now: GRVT against Extended+0.489%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2,259as in the Funding arb table

Net, price: spread back to 7d avg − costs−$2,176as in the Price arb table

costs, in and out, $10k−$2,22222.218% of the position

Long on Extended Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.372%−$37 on $10k

Price spread, last 4 days (all we have)+0.317%+$32 · spread now +0.489%, 7d avg +0.033%

Together, before fees−0.056%+ Points / potential airdropExtended: Active · GRVT: Active · farm board−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and GRVT is 0.456% dearer against Extended than usual: you sell high and buy low: +$46 more if the spread goes back to its 7-day average of +0.033%. Mind the row above: over the last 7 days funding on this pair cost −0.372%, 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	Extended XMR-USD	570.02	0.0600	pay 0.0075% / 1h	5m 00s	$3.0M	$7.3M	25x
Short	GRVT XMR_USDT_Perp	572.81	0.0765	get 0.0765% / 8h	7h 05m	$333K	$639K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.489%Rate

Funding earned: $34.65
Price spread: +0.489% → +0.033%: $45.64
Slippage, 4 orders: −$2,207.77
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$2,141.49
Costs to cover: 22.218%
Break-even: 439.6 days

Slippage from Extended: live order book, 4 min ago; GRVT: live order book, 28 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, 4 min ago	1.75 bp	4.6 bp −$5	9.0 bp −$90	doesn't fit	doesn't fit
Sell GRVT live order book, 28 min ago	3.58 bp	9.7 bp −$10	doesn't fit	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 −0.0005%	1h	571.33	+0.229%	$34K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+2.198%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	573.11	+0.541%	$1.0M	$529K	10x	as long as short
Polymarket Perps XMR-USD	+0.0100%	1h	570.16	+0.024%	$30K	$1.5M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	570.66	+0.112%	$2K	$1.1M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	570.00	−0.004%	$1.1M	$1.0M	20x	as long as short
Aevo XMR-PERP	+0.0200%	1h	570.43	+0.072%	$12K	—	3x	as long as short
Lighter XMR	+0.0312%	1h	569.92	−0.017%	$3.0M	$5.5M	10x	as long as short
Kraken Futures PF_XMRUSD	+0.0374%	1h	568.68	−0.235%	$5.4M	$7.6M	50x	as long as short
KuCoin XMRUSDTM	+0.0441%	8h	569.72	−0.053%	$45.2M	$17.1M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XMR_USDT	+0.0452%	8h	569.78	−0.043%	$1.6M	$2.7M	50x	as long as short
Bybit XMRUSDT	+0.0464%	8h	569.99	−0.006%	$46.2M	$47.1M	75x	as long as short
MEXC XMR_USDT	+0.0468%	8h	570.06	+0.007%	$19.9M	$9.7M	100x	as long as short
Binance XMRUSDT	+0.0468%	8h	570.25	+0.041%	$52.2M	$98.5M	75x	as long as short
Pacifica XMR	+0.0550%	1h	571.65	+0.285%	$270K	$736K	10x	as long as short
BingX XMR-USDT	+0.0561%	8h	570.28	+0.045%	—	$5.1M	—	as long as short
Aster XMRUSDT	+0.0569%	8h	570.48	+0.081%	$655K	$1.5M	75x	as long as short
Hyperliquid XMR	+0.0578%	1h	570.00	−0.004%	$86.5M	$55.9M	5x	as long as short
Extended XMR-USDlong	+0.0600%	1h	570.02	long leg	$3.0M	$7.3M	25x
Bitget XMRUSDT	+0.0601%	8h	570.37	+0.061%	$9.3M	$10.1M	50x	as long as short
Paradex XMR-USD-PERP	+0.0716%	8h	571.38	+0.238%	$8K	$1K	20x	as long as short
GRVT XMR_USDT_Perpshort	+0.0765%	8h	572.81	+0.489%	$333K	$639K	10x
Variational Omni XMR	+0.0787%	8h	572.38	+0.414%	$6.1M	$2.4M	—	as long as short
BloFin XMR-USDT	+0.0789%	8h	570.35	+0.057%	$2.7M	$9.6M	75x	as long as short
Nado XMR-PERP	+0.0977%	1h	570.76	+0.130%	$1.2M	$257K	10x	as long as short
SoDEX XMR-USD	+0.1025%	1h	570.22	+0.035%	$433K	$4K	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1028% / S −0.1284%	1h	571.31	+0.226%	$595K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1092%	8h	570.31	+0.050%	$40K	$394K	10x	as long as short
Backpack XMR_USDC_PERP	+0.1198%	1h	569.80	−0.039%	$128K	$415K	20x	as long as short
dYdX XMR-USD	+0.1823%	1h	570.67	+0.113%	$103K	$26K	5x	as long as short
Aftermath Perps XMRUSD	+0.2036%	1h	571.32	+0.228%	$1K	$38K	10x	as long as short