XMR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0547%/8h= −59.9% APRnext payment −$5.47 per $10,000 · paid last 24h +0.031%

Price spread now: Bybit against GRVT+0.156%80s7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$450.454% of the position

Long on GRVT Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.245%−$25 on $10k

Price spread, last 3 days (all we have)−0.806%−$81 · spread now +0.156%, 7d avg −0.013%

Together, before fees−1.051%+ Points / potential airdropGRVT: Active · farm board−$105 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.169% dearer against GRVT than usual: you sell high and buy low (spread +0.156% now, against its 7-day average of −0.013%): +$17 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.245% in total) that is about 4.8 days. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.245% in total (about -12.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.47 per $10,000. 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	GRVT XMR_USDT_Perp	590.56	0.0647	pay 0.0647% / 8h	2h 50m	$346K	$798K	10x
Short	Bybit XMRUSDT	591.48	0.0100	get 0.0100% / 8h	2h 50m	$47.3M	$60.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against GRVT. 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 GRVTbpFee BybitbpOrdersPrice spread, now +0.156%Rate

Funding earned: −$114.87
Price spread: +0.156% → −0.013%: $16.93
Slippage, 4 orders: −$25.39
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$143.33
Costs to cover: 0.454%
Break-even: never at this rate

Slippage from GRVT: live order book, 37 min ago; Bybit: live order book, 4 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 GRVT live order book, 37 min ago	1.19 bp	9.2 bp −$9	6042.9 bp −$60.4K	doesn't fit	doesn't fit
Sell Bybit live order book, 4 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	+0.011%	$107K	$49K	5x	as long as short
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0009%	1h	591.31	+0.128%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	554.47	−6.111%	$3K	$5K	12x	as long as short
Bybit XMRUSDTshort	+0.0100%	8h	591.48	+0.156%	$47.3M	$60.6M	75x
Backpack XMR_USDC_PERP	+0.0100%	1h	591.27	+0.121%	$210K	$556K	20x	as long as short
edgeX XMRUSDC	+0.0100%	4h	590.27	−0.048%	$1.0M	$672K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	591.12	+0.095%	$2K	$1.9M	20x	as long as short
Lighter XMR	+0.0120%	1h	591.61	+0.179%	$3.5M	$6.6M	10x	as long as short
Polymarket Perps XMR-USD	+0.0164%	1h	591.85	+0.219%	$24K	$1.8M	5x	as long as short
SoDEX XMR-USD	+0.0167%	1h	591.78	+0.207%	$450K	$4K	5x	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	591.84	+0.216%	$12K	—	3x	as long as short
Gate XMR_USDT	+0.0320%	8h	591.23	+0.114%	$1.6M	$4.5M	50x	as long as short
Variational Omni XMR	+0.0320%	8h	591.40	+0.142%	$6.9M	$2.8M	—	as long as short
MEXC XMR_USDT	+0.0380%	8h	591.91	+0.229%	$22.7M	$15.1M	100x	as long as short
Binance XMRUSDT	+0.0380%	8h	591.81	+0.212%	$54.3M	$161.7M	75x	as long as short
BingX XMR-USDT	+0.0390%	8h	591.68	+0.190%	—	$5.8M	—	as long as short
Bitget XMRUSDT	+0.0403%	8h	592.06	+0.254%	$9.8M	$13.9M	50x	as long as short
BloFin XMR-USDT	+0.0533%	8h	592.07	+0.256%	$2.8M	$11.3M	75x	as long as short
Aster XMRUSDT	+0.0568%	8h	591.49	+0.158%	$667K	$2.4M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0616%	1h	590.80	+0.042%	$5.5M	$20.3M	50x	as long as short
KuCoin XMRUSDTM	+0.0618%	8h	591.64	+0.183%	$49.2M	$25.4M	50x	as long as short
Pacifica XMR	+0.0619%	1h	591.83	+0.215%	$268K	$1.1M	10x	as long as short
Nado XMR-PERP	+0.0636%	1h	591.72	+0.198%	$1.3M	$477K	10x	as long as short
GRVT XMR_USDT_Perplong	+0.0647%	8h	590.56	long leg	$346K	$798K	10x
Paradex XMR-USD-PERP	+0.0735%	8h	591.64	+0.184%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0839% / S −0.1411%	1h	590.99	+0.074%	$351K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0868%	8h	591.65	+0.185%	$48K	$729K	10x	as long as short
Extended XMR-USD	+0.1064%	1h	591.66	+0.187%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1458%	1h	592.54	+0.336%	$85.9M	$65.0M	5x	as long as short
Aftermath Perps XMRUSD	+0.2230%	1h	590.91	+0.059%	$1K	$47K	10x	as long as short
HTX XMR-USDT	+0.2293%	8h	590.74	+0.031%	$1.1M	$1.4M	20x	as long as short