Settings8H · net · $10k
Funding arb · Price arb /

XMR

all XMR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0851%/8h= −93.2% APRnext payment $8.51 per $10,000 · paid last 24h −0.324%
Price spread now: Bybit against Orderly+0.087%7-day average +0.010% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.984%−$98 on $10k
Price spread, last 3 days (all we have)−0.065%−$7 · spread now +0.087%, 7d avg +0.010%
Together, before fees−1.050%−$105 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.077% dearer against Orderly than usual: you sell high and buy low (spread +0.087% now, against its 7-day average of +0.010%): +$8 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 7 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_XMR_USDC597.600.0951pay 0.0951% / 8h1h 12m$44K$729K10x
ShortBybit XMRUSDT598.120.0100get 0.0100% / 8h1h 12m$48.6M$61.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Orderly. 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

Funding earned
−$178.74
Price spread: +0.087% → +0.010%
$7.74
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$188
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell Bybit live order book, 2 min ago0.84 bp11.7 bp −$1225.0 bp −$25089.3 bp −$8,932doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) XMR/USDL +0.0010% / S −0.0009%1h597.41−0.032%$45K150xas long as short
Bybit XMRUSDTshort+0.0100%8h598.12+0.087%$48.6M$61.9M75x
edgeX XMRUSDC+0.0100%4h597.17−0.072%$1.1M$666K10xas long as short
SunX XMR-USDT+0.0100%8h597.17−0.072%$2K$1.9M20xas long as short
Aevo XMR-PERP+0.0168%1h598.01+0.068%$12K3xas long as short
Variational Omni XMR+0.0314%8h597.50−0.017%$6.9M$2.6Mas long as short
MEXC XMR_USDT+0.0337%8h597.94+0.057%$22.4M$15.0M100xas long as short
Binance XMRUSDT+0.0338%8h597.95+0.058%$54.8M$163.2M75xas long as short
Kraken Futures PF_XMRUSD+0.0381%1h597.04−0.094%$5.7M$20.4M50xas long as short
Pacifica XMR+0.0387%1h598.06+0.077%$271K$1.0M10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX XMR-USDT+0.0392%8h598.22+0.104%$5.7Mas long as short
Bitget XMRUSDT+0.0418%8h597.71+0.018%$10.0M$14.2M50xas long as short
BloFin XMR-USDT+0.0474%8h597.96+0.060%$2.8M$11.6M75xas long as short
Gate XMR_USDT+0.0543%8h597.24−0.060%$1.7M$4.6M50xas long as short
Lighter XMR+0.0544%1h597.70+0.016%$3.4M$6.9M10xas long as short
KuCoin XMRUSDTM+0.0546%8h597.54−0.010%$48.7M$25.8M50xas long as short
Aster XMRUSDT+0.0567%8h597.93+0.055%$685K$2.4M75xas long as short
GRVT XMR_USDT_Perp+0.0614%8h597.80+0.034%$348K$797K10xas long as short
Injective XMR/USDC PERP+0.0695%1h596.76−0.141%$3K$6K12xas long as short
GMX XMR/USD [WBTC.b-USDC]L +0.0809% / S −0.1288%1h597.01−0.099%$331K100xas long as short
Polymarket Perps XMR-USD+0.0853%1h598.17+0.095%$23K$1.8M5xas long as short
SoDEX XMR-USD+0.0868%1h597.84+0.040%$454K$3K5xas long as short
Paradex XMR-USD-PERP+0.0871%8h597.61+0.002%$8K$4K20xas long as short
Orderly PERP_XMR_USDClong+0.0951%8h597.60long leg$44K$729K10x
Backpack XMR_USDC_PERP+0.1034%1h597.47−0.022%$204K$575K20xas long as short
Nado XMR-PERP+0.1256%1h598.15+0.093%$1.3M$475K10xas long as short
Extended XMR-USD+0.1872%1h597.87+0.046%$3.1M$6.8M25xas long as short
Hyperliquid XMR+0.1938%1h598.97+0.229%$89.6M$69.4M5xas long as short
dYdX XMR-USD+0.1944%1h596.91−0.115%$108K$50K5xas long as short
HTX XMR-USDT+0.1972%8h595.43−0.363%$1.1M$1.5M20xas long as short
Aftermath Perps XMRUSD+0.2420%1h597.42−0.030%$2K$47K10xas long as short