Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1382%/8h= −151.3% APRpaid last 24h +0.083%

Price spread now: Orderly against Extended−0.071%7-day average +0.001% · you buy dearer than you sell

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

Long on Extended Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.202%+$20 on $10k

Price spread, last 3 days (all we have)+0.063%+$6 · spread now −0.071%, 7d avg +0.001%

Together, before fees+0.266%+ Points / potential airdropExtended: Active · farm board+$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$41 a day on $10k at the current rate, and Orderly is 0.071% cheaper against Extended than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.001%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.202%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.202% in total (about 10.5% 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	592.38	0.2400	pay 0.0300% / 1h	39m 22s	$3.2M	$7.5M	25x
Short	Orderly PERP_XMR_USDC	591.96	0.1018	get 0.1018% / 8h	7h 39m	$42K	$737K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.071%Rate

Funding earned: −$290.13
Price spread: −0.071% → +0.001%: −$7.13
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$308.26
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 5 min ago; Orderly: no order-book sample. 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 Extended live order book, 5 min ago	2.54 bp	5.1 bp −$5	11.3 bp −$113	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	591.22	−0.195%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+0.740%	$3K	$4K	12x	as long as short
dYdX XMR-USD	+0.0091%	1h	590.17	−0.374%	$107K	$50K	5x	as long as short
edgeX XMRUSDC	+0.0100%	4h	591.17	−0.204%	$1.0M	$659K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	591.46	−0.155%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	591.66	−0.121%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0184%	1h	590.38	−0.337%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0411%	8h	592.33	−0.008%	$21.5M	$15.2M	100x	as long as short
Binance XMRUSDT	+0.0417%	8h	591.89	−0.083%	$54.2M	$166.9M	75x	as long as short
Bitget XMRUSDT	+0.0515%	8h	592.85	+0.080%	$9.8M	$14.6M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin XMR-USDT	+0.0593%	8h	590.88	−0.253%	$2.8M	$11.6M	75x	as long as short
Aster XMRUSDT	+0.0631%	8h	591.68	−0.118%	$655K	$2.5M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0644%	1h	590.40	−0.334%	$5.6M	$20.5M	50x	as long as short
Pacifica XMR	+0.0659%	1h	591.74	−0.108%	$278K	$1.1M	10x	as long as short
KuCoin XMRUSDTM	+0.0664%	8h	592.03	−0.059%	$48.6M	$26.2M	50x	as long as short
Variational Omni XMR	+0.0778%	8h	592.85	+0.080%	$6.7M	$2.6M	—	as long as short
Backpack XMR_USDC_PERP	+0.0869%	1h	591.15	−0.207%	$200K	$549K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0871% / S −0.2452%	1h	590.92	−0.247%	$550K	—	100x	as long as short
Orderly PERP_XMR_USDCshort	+0.1018%	8h	591.96	−0.071%	$42K	$737K	10x
Gate XMR_USDT	+0.1085%	8h	591.35	−0.174%	$1.6M	$4.6M	50x	as long as short
Paradex XMR-USD-PERP	+0.1122%	8h	591.56	−0.139%	$8K	$4K	20x	as long as short
Lighter XMR	+0.1216%	1h	591.53	−0.144%	$3.3M	$7.1M	10x	as long as short
GRVT XMR_USDT_Perp	+0.1240%	8h	589.84	−0.429%	$345K	$805K	10x	as long as short
Polymarket Perps XMR-USD	+0.1338%	1h	592.42	+0.007%	$48K	$1.9M	5x	as long as short
Nado XMR-PERP	+0.1346%	1h	592.41	+0.006%	$1.3M	$467K	10x	as long as short
BingX XMR-USDT	+0.1375%	8h	592.59	+0.036%	—	$5.8M	—	as long as short
SoDEX XMR-USD	+0.1496%	1h	591.51	−0.147%	$450K	$3K	5x	as long as short
Bybit XMRUSDT	+0.1523%	8h	592.81	+0.073%	$47.7M	$64.7M	75x	as long as short
Hyperliquid XMR	+0.2032%	1h	593.07	+0.117%	$89.7M	$72.2M	5x	as long as short
Extended XMR-USDlong	+0.2400%	1h	592.38	long leg	$3.2M	$7.5M	25x
Aftermath Perps XMRUSD	+0.2523%	1h	591.07	−0.220%	$1K	$46K	10x	as long as short