Funding you earn now, next payment 08:00 UTC−0.0612%/8h= −67.0% APRnext payment −$6.12 per $10,000 · paid last 24h −0.202%
Price spread now: Binance against Orderly−0.025%7-day average +0.028% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.818%−$82 on $10k
+Price spread, last 4 days (all we have)+0.043%+$4 · spread now −0.025%, 7d avg +0.028%
=Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Binance is 0.053% cheaper against Orderly than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.028%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_XMR_USDC | 575.87 | 0.1126 | pay 0.1126% / 8h | 4h 01m | $40K | $735K | 10x |
| Short | Binance XMRUSDT | 575.73 | 0.0514 | get 0.0514% / 8h | 4h 01m | $52.7M | $164.4M | 75x |
Orderly PERP_XMR_USDC
Binance XMRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Orderly. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$128.43
- Price spread: −0.025% → +0.028%
- −$5.3
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$149.72
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Binance: live order book, 12 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 12 min ago | 0.09 bp | 12.0 bp −$12 | 26.0 bp −$260 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective XMR/USDC PERP | −0.0136% | 1h | 582.55 | +1.160% | $3K | $3K | 12x | as long as short |
| gTrade (Gains Network) XMR/USD | L +0.0010% / S −0.0008% | 1h | 575.36 | −0.088% | $50K | — | 150x | as long as short |
| Lighter XMR | +0.0096% | 1h | 575.75 | −0.021% | $3.2M | $7.6M | 10x | as long as short |
| edgeX XMRUSDC | +0.0100% | 4h | 577.52 | +0.287% | $1.0M | $653K | 10x | as long as short |
| SunX XMR-USDT | +0.0100% | 8h | 575.32 | −0.096% | $2K | $1.9M | 20x | as long as short |
| HTX XMR-USDT | +0.0100% | 8h | 575.58 | −0.050% | $1.1M | $1.6M | 20x | as long as short |
| Kraken Futures PF_XMRUSD | +0.0149% | 1h | 574.48 | −0.241% | $5.4M | $19.5M | 50x | as long as short |
| Aevo XMR-PERP | +0.0208% | 1h | 576.17 | +0.053% | $12K | — | 3x | as long as short |
| dYdX XMR-USD | +0.0298% | 1h | 576.71 | +0.146% | $104K | $44K | 5x | as long as short |
| KuCoin XMRUSDTM | +0.0397% | 8h | 575.23 | −0.111% | $45.0M | $26.5M | 50x | as long as short |
Injective XMR/USDC PERP
gTrade (Gains Network) XMR/USD
Lighter XMR
edgeX XMRUSDC
SunX XMR-USDT
HTX XMR-USDT
Kraken Futures PF_XMRUSD
Aevo XMR-PERP
dYdX XMR-USD
KuCoin XMRUSDTMShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate XMR_USDT | +0.0431% | 8h | 575.59 | −0.049% | $1.6M | $4.6M | 50x | as long as short |
| Polymarket Perps XMR-USD | +0.0448% | 1h | 576.46 | +0.102% | $25K | $2.2M | 5x | as long as short |
| Bybit XMRUSDT | +0.0455% | 8h | 575.67 | −0.035% | $46.8M | $64.4M | 75x | as long as short |
| BingX XMR-USDT | +0.0488% | 8h | 575.71 | −0.028% | — | $5.7M | — | as long as short |
| MEXC XMR_USDT | +0.0508% | 8h | 575.60 | −0.047% | $20.2M | $15.0M | 100x | as long as short |
| Binance XMRUSDTshort | +0.0514% | 8h | 575.73 | −0.025% | $52.7M | $164.4M | 75x | |
| Bitget XMRUSDT | +0.0518% | 8h | 575.67 | −0.035% | $9.4M | $13.9M | 50x | as long as short |
| Backpack XMR_USDC_PERP | +0.0603% | 1h | 574.95 | −0.160% | $169K | $534K | 20x | as long as short |
| Pacifica XMR | +0.0626% | 1h | 577.62 | +0.304% | $267K | $1.0M | 10x | as long as short |
| Aster XMRUSDT | +0.0691% | 8h | 576.51 | +0.112% | $639K | $2.3M | 75x | as long as short |
| Extended XMR-USD | +0.0744% | 1h | 575.87 | −0.001% | $3.1M | $8.4M | 25x | as long as short |
| BloFin XMR-USDT | +0.0823% | 8h | 575.79 | −0.014% | $2.7M | $11.2M | 75x | as long as short |
| Nado XMR-PERP | +0.0857% | 1h | 577.17 | +0.227% | $1.3M | $460K | 10x | as long as short |
| GRVT XMR_USDT_Perp | +0.0904% | 8h | 577.83 | +0.340% | $346K | $733K | 10x | as long as short |
| Paradex XMR-USD-PERP | +0.0925% | 8h | 578.01 | +0.371% | $8K | $4K | 20x | as long as short |
| Hyperliquid XMR | +0.0965% | 1h | 575.40 | −0.082% | $86.6M | $71.1M | 5x | as long as short |
| GMX XMR/USD [WBTC.b-USDC] | L +0.0990% / S −0.1254% | 1h | 574.79 | −0.187% | $592K | — | 100x | as long as short |
| Variational Omni XMR | +0.1050% | 8h | 576.81 | +0.164% | $6.6M | $2.2M | — | as long as short |
| Orderly PERP_XMR_USDClong | +0.1126% | 8h | 575.87 | long leg | $40K | $735K | 10x | |
| SoDEX XMR-USD | +0.1295% | 1h | 576.01 | +0.024% | $438K | $3K | 5x | as long as short |
| Aftermath Perps XMRUSD | +0.1933% | 1h | 576.38 | +0.088% | $1K | $44K | 10x | as long as short |
Gate XMR_USDT
Polymarket Perps XMR-USD
Bybit XMRUSDT
BingX XMR-USDT
MEXC XMR_USDT
Bitget XMRUSDT
Backpack XMR_USDC_PERP
Pacifica XMR
Aster XMRUSDT
Extended XMR-USD
BloFin XMR-USDT
Nado XMR-PERP
GRVT XMR_USDT_Perp
Paradex XMR-USD-PERP
Hyperliquid XMR
GMX XMR/USD [WBTC.b-USDC]
Variational Omni XMR
SoDEX XMR-USD
Aftermath Perps XMRUSD