Funding you earn now, next payment 01:00 UTC+0.0492%/8h= +53.8% APRpaid last 24h −0.007%
Price spread now: dYdX against Orderly−0.265%7-day average −0.162% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.005%$0 on $10k
+Price spread, last 3 days (all we have)+0.033%+$3 · spread now −0.265%, 7d avg −0.162%
=Funding pays, the price is against you. dYdX is 0.103% cheaper against Orderly than usual: you would sell low and buy high (spread −0.265% now, against its 7-day average of −0.162%). If the spread goes back, that is −$10 on $10k: about 17 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.005% in total) that is about 5 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.005% in total (about 0.2% 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 | Orderly PERP_XMR_USDC | 592.47 | 0.0975 | pay 0.0975% / 8h | 7h 58m | $42K | $734K | 10x |
| Short | dYdX XMR-USD | 590.90 | 0.1467 | get 0.0183% / 1h | 58m 46s | $107K | $50K | 5x |
Orderly PERP_XMR_USDC
dYdX XMR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- $103.26
- Price spread: −0.265% → −0.162%
- −$10.29
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- $76.97
- Costs to cover
- 0.160%
- Break-even
- 1.8 days
Slippage unknown: Orderly: no order-book sample; dYdX: live order book, 15 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 dYdX live order book, 15 min ago | 42.44 bp | 183.0 bp −$183 | 198.6 bp −$1,986 | 332.1 bp −$33.2K | 1198.2 bp −$599.1K |
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 | 591.30 | −0.198% | $45K | — | 150x | as long as short |
| Injective XMR/USDC PERP | +0.0033% | 1h | 596.76 | +0.724% | $3K | $4K | 12x | as long as short |
| Bybit XMRUSDT | +0.0100% | 8h | 592.90 | +0.073% | $48.1M | $64.5M | 75x | as long as short |
| edgeX XMRUSDC | +0.0100% | 4h | 591.63 | −0.141% | $1.1M | $666K | 10x | as long as short |
| SunX XMR-USDT | +0.0100% | 8h | 591.99 | −0.081% | $2K | $2.0M | 20x | as long as short |
| HTX XMR-USDT | +0.0100% | 8h | 592.00 | −0.079% | $1.1M | $1.5M | 20x | as long as short |
| Aevo XMR-PERP | +0.0168% | 1h | 592.84 | +0.062% | $12K | — | 3x | as long as short |
| MEXC XMR_USDT | +0.0347% | 8h | 592.36 | −0.019% | $21.7M | $15.1M | 100x | as long as short |
| Binance XMRUSDT | +0.0358% | 8h | 592.57 | +0.017% | $54.3M | $166.3M | 75x | as long as short |
| BingX XMR-USDT | +0.0448% | 8h | 592.92 | +0.076% | — | $5.8M | — | as long as short |
gTrade (Gains Network) XMR/USD
Injective XMR/USDC PERP
Bybit XMRUSDT
edgeX XMRUSDC
SunX XMR-USDT
HTX XMR-USDT
Aevo XMR-PERP
MEXC XMR_USDT
Binance XMRUSDT
BingX XMR-USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XMRUSDT | +0.0478% | 8h | 592.73 | +0.044% | $9.7M | $14.6M | 50x | as long as short |
| Gate XMR_USDT | +0.0487% | 8h | 592.06 | −0.069% | $1.7M | $4.6M | 50x | as long as short |
| BloFin XMR-USDT | +0.0518% | 8h | 592.39 | −0.014% | $2.7M | $11.7M | 75x | as long as short |
| Pacifica XMR | +0.0565% | 1h | 592.79 | +0.054% | $276K | $1.1M | 10x | as long as short |
| KuCoin XMRUSDTM | +0.0586% | 8h | 591.72 | −0.127% | $48.4M | $26.2M | 50x | as long as short |
| Aster XMRUSDT | +0.0602% | 8h | 592.09 | −0.063% | $640K | $2.5M | 75x | as long as short |
| GRVT XMR_USDT_Perp | +0.0638% | 8h | 592.56 | +0.016% | $348K | $795K | 10x | as long as short |
| Variational Omni XMR | +0.0639% | 8h | 592.14 | −0.057% | $6.7M | $2.6M | — | as long as short |
| Kraken Futures PF_XMRUSD | +0.0643% | 1h | 591.19 | −0.217% | $5.6M | $20.6M | 50x | as long as short |
| GMX XMR/USD [WBTC.b-USDC] | L +0.0870% / S −0.2452% | 1h | 590.96 | −0.255% | $550K | — | 100x | as long as short |
| Lighter XMR | +0.0920% | 1h | 592.40 | −0.012% | $3.3M | $7.1M | 10x | as long as short |
| Orderly PERP_XMR_USDClong | +0.0975% | 8h | 592.47 | long leg | $42K | $734K | 10x | |
| Paradex XMR-USD-PERP | +0.1001% | 8h | 592.44 | −0.005% | $8K | $4K | 20x | as long as short |
| Nado XMR-PERP | +0.1303% | 1h | 592.76 | +0.049% | $1.3M | $470K | 10x | as long as short |
| Polymarket Perps XMR-USD | +0.1410% | 1h | 592.66 | +0.032% | $49K | $1.9M | 5x | as long as short |
| dYdX XMR-USDshort | +0.1467% | 1h | 590.90 | −0.265% | $107K | $50K | 5x | |
| Backpack XMR_USDC_PERP | +0.1499% | 1h | 592.12 | −0.059% | $201K | $579K | 20x | as long as short |
| SoDEX XMR-USD | +0.1500% | 1h | 592.73 | +0.044% | $450K | $3K | 5x | as long as short |
| Extended XMR-USD | +0.2192% | 1h | 592.27 | −0.033% | $3.2M | $7.1M | 25x | as long as short |
| Hyperliquid XMR | +0.2374% | 1h | 593.22 | +0.127% | $89.5M | $72.4M | 5x | as long as short |
| Aftermath Perps XMRUSD | +0.2445% | 1h | 591.40 | −0.181% | $2K | $46K | 10x | as long as short |
Bitget XMRUSDT
Gate XMR_USDT
BloFin XMR-USDT
Pacifica XMR
KuCoin XMRUSDTM
Aster XMRUSDT
GRVT XMR_USDT_Perp
Variational Omni XMR
Kraken Futures PF_XMRUSD
GMX XMR/USD [WBTC.b-USDC]
Lighter XMR
Paradex XMR-USD-PERP
Nado XMR-PERP
Polymarket Perps XMR-USD
Backpack XMR_USDC_PERP
SoDEX XMR-USD
Extended XMR-USD
Hyperliquid XMR
Aftermath Perps XMRUSD