Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1595%/8h= +174.7% APRpaid last 24h +0.258%

Price spread now: Extended against GRVT+0.171%7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs+$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$370.367% of the position

Long on GRVT Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.576%+$58 on $10k

Price spread, last 3 days (all we have)−0.450%−$45 · spread now +0.171%, 7d avg −0.033%

Together, before fees+0.126%+ Points / potential airdropGRVT: Active · Extended: Active · farm board+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$48 a day on $10k at the current rate, and Extended is 0.204% dearer against GRVT than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.033%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.576% in total (about 30.0% 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	GRVT XMR_USDT_Perp	586.60	0.0869	pay 0.0869% / 8h	7h 15m	$347K	$792K	10x
Short	Extended XMR-USD	587.61	0.2464	get 0.0308% / 1h	15m 05s	$3.1M	$8.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.171%Rate

Funding earned: $334.95
Price spread: +0.171% → −0.033%: $20.45
Slippage, 4 orders: −$22.72
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $318.67
Costs to cover: 0.367%
Break-even: 0.3 days

Slippage from GRVT: live order book, 58 min ago; Extended: 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, 58 min ago	0.09 bp	11.2 bp −$11	60661.6 bp −$606.6K	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	2.46 bp	5.1 bp −$5	12.1 bp −$121	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	586.52	−0.014%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.732%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	587.75	+0.195%	$1.0M	$662K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	587.13	+0.090%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	586.96	+0.061%	$1.1M	$1.6M	20x	as long as short
dYdX XMR-USD	+0.0108%	1h	586.36	−0.041%	$106K	$50K	5x	as long as short
Aevo XMR-PERP	+0.0184%	1h	587.18	+0.099%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0424%	8h	587.41	+0.138%	$21.3M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0425%	8h	587.69	+0.186%	$53.6M	$167.2M	75x	as long as short
Bitget XMRUSDT	+0.0552%	8h	587.47	+0.148%	$9.6M	$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
BloFin XMR-USDT	+0.0616%	8h	587.79	+0.203%	$2.8M	$11.5M	75x	as long as short
Aster XMRUSDT	+0.0617%	8h	586.98	+0.064%	$652K	$2.5M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0648%	1h	586.45	−0.025%	$5.6M	$20.5M	50x	as long as short
Pacifica XMR	+0.0659%	1h	587.90	+0.221%	$278K	$1.1M	10x	as long as short
KuCoin XMRUSDTM	+0.0719%	8h	585.79	−0.138%	$48.0M	$26.1M	50x	as long as short
Gate XMR_USDT	+0.0733%	8h	587.05	+0.076%	$1.6M	$4.6M	50x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0869% / S −0.2458%	1h	586.31	−0.050%	$546K	—	100x	as long as short
GRVT XMR_USDT_Perplong	+0.0869%	8h	586.60	long leg	$347K	$792K	10x
Variational Omni XMR	+0.0884%	8h	587.59	+0.169%	$6.7M	$2.6M	—	as long as short
Backpack XMR_USDC_PERP	+0.0971%	1h	587.12	+0.088%	$184K	$535K	20x	as long as short
Orderly PERP_XMR_USDC	+0.1041%	8h	587.41	+0.138%	$42K	$739K	10x	as long as short
BingX XMR-USDT	+0.1111%	8h	587.81	+0.206%	—	$5.8M	—	as long as short
Polymarket Perps XMR-USD	+0.1113%	1h	587.74	+0.194%	$47K	$1.9M	5x	as long as short
Bybit XMRUSDT	+0.1174%	8h	587.83	+0.209%	$47.3M	$64.7M	75x	as long as short
SoDEX XMR-USD	+0.1216%	1h	587.40	+0.136%	$446K	$3K	5x	as long as short
Lighter XMR	+0.1216%	1h	587.41	+0.139%	$3.3M	$7.2M	10x	as long as short
Paradex XMR-USD-PERP	+0.1270%	8h	587.39	+0.135%	$8K	$4K	20x	as long as short
Nado XMR-PERP	+0.1405%	1h	587.89	+0.220%	$1.3M	$465K	10x	as long as short
Hyperliquid XMR	+0.1949%	1h	587.69	+0.186%	$89.2M	$73.1M	5x	as long as short
Extended XMR-USDshort	+0.2464%	1h	587.61	+0.171%	$3.1M	$8.0M	25x
Aftermath Perps XMRUSD	+0.2650%	1h	587.84	+0.211%	$1K	$46K	10x	as long as short