Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0892%/8h= +97.7% APRpaid last 24h −0.132%

Price spread now: Extended against Orderly+0.142%7-day average −0.001% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.156%−$16 on $10k

Price spread, last 3 days (all we have)−0.241%−$24 · spread now +0.142%, 7d avg −0.001%

Together, before fees−0.397%+ Points / potential airdropExtended: Active · farm board−$40 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Extended is 0.143% dearer against Orderly than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.001%. Mind the row above: over the last 7 days funding on this pair cost −0.156%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.156% in total (about -8.2% 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	596.56	0.0924	pay 0.0924% / 8h	1h 37m	$49K	$720K	10x
Short	Extended XMR-USD	597.41	0.1816	get 0.0227% / 1h	37m 03s	$3.1M	$6.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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

Position, each leg$Hold fordaysFee OrderlybpFee ExtendedbpOrdersPrice spread, now +0.142%Rate

Funding earned: $187.33
Price spread: +0.142% → −0.001%: $14.35
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $190.68
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Extended: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Orderly no order-book sample	—	—	—	—	—
Sell Extended live order book, 2 min ago	2.93 bp	5.6 bp −$6	11.6 bp −$116	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
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0009%	1h	595.85	−0.119%	$44K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	597.32	+0.127%	$48.4M	$61.5M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	596.45	−0.019%	$1.1M	$664K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	596.06	−0.084%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0160%	1h	594.82	−0.292%	$12K	—	3x	as long as short
Variational Omni XMR	+0.0248%	8h	598.02	+0.244%	$6.9M	$2.7M	—	as long as short
MEXC XMR_USDT	+0.0325%	8h	597.50	+0.158%	$22.4M	$15.0M	100x	as long as short
Binance XMRUSDT	+0.0325%	8h	596.78	+0.037%	$54.8M	$162.7M	75x	as long as short
BingX XMR-USDT	+0.0377%	8h	596.78	+0.037%	—	$5.7M	—	as long as short
Kraken Futures PF_XMRUSD	+0.0382%	1h	595.76	−0.134%	$5.7M	$20.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica XMR	+0.0387%	1h	597.05	+0.082%	$271K	$1.0M	10x	as long as short
Bitget XMRUSDT	+0.0401%	8h	597.03	+0.079%	$9.9M	$14.2M	50x	as long as short
BloFin XMR-USDT	+0.0457%	8h	597.59	+0.173%	$2.8M	$11.5M	75x	as long as short
Gate XMR_USDT	+0.0509%	8h	596.24	−0.054%	$1.6M	$4.5M	50x	as long as short
Aster XMRUSDT	+0.0531%	8h	596.55	−0.001%	$674K	$2.3M	75x	as long as short
KuCoin XMRUSDTM	+0.0541%	8h	596.53	−0.005%	$48.8M	$25.8M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0595%	8h	597.14	+0.097%	$354K	$785K	10x	as long as short
Injective XMR/USDC PERP	+0.0695%	1h	591.89	−0.783%	$3K	$6K	12x	as long as short
Lighter XMR	+0.0712%	1h	596.62	+0.009%	$3.5M	$6.7M	10x	as long as short
Polymarket Perps XMR-USD	+0.0822%	1h	596.93	+0.062%	$23K	$1.8M	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0823% / S −0.1341%	1h	595.66	−0.150%	$341K	—	100x	as long as short
Paradex XMR-USD-PERP	+0.0850%	8h	597.08	+0.088%	$8K	$4K	20x	as long as short
SoDEX XMR-USD	+0.0886%	1h	596.82	+0.044%	$454K	$3K	5x	as long as short
Orderly PERP_XMR_USDClong	+0.0924%	8h	596.56	long leg	$49K	$720K	10x
Backpack XMR_USDC_PERP	+0.1006%	1h	596.16	−0.067%	$203K	$575K	20x	as long as short
dYdX XMR-USD	+0.1463%	1h	595.27	−0.216%	$108K	$50K	5x	as long as short
Nado XMR-PERP	+0.1528%	1h	597.23	+0.113%	$1.3M	$480K	10x	as long as short
Extended XMR-USDshort	+0.1816%	1h	597.41	+0.142%	$3.1M	$6.8M	25x
Hyperliquid XMR	+0.1965%	1h	597.65	+0.183%	$88.7M	$67.5M	5x	as long as short
HTX XMR-USDT	+0.2091%	8h	594.95	−0.270%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2464%	1h	597.15	+0.098%	$2K	$47K	10x	as long as short