Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1390%/8h= −152.2% APRpaid last 24h −0.410%

Price spread now: Variational Omni against Aftermath Perps+0.176%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.176% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.176% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$42 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps XMRUSD	586.01	0.2462	pay 0.0308% / 1h	12m 10s	$1K	$45K	10x
Short	Variational Omni XMR	587.04	0.1072	get 0.1072% / 8h	5h 12m	$6.7M	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aftermath Perps. 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 Aftermath PerpsbpFee Variational OmnibpOrdersPrice spread, now +0.176%Rate

Funding earned: −$291.85
Price spread: +0.176% → 0.000%: $17.59
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$283.26
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Aftermath Perps: no order-book sample; Variational Omni: RFQ quote, 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 2 min ago	2.80 bp	doesn't fit	24.2 bp −$242	doesn't fit	doesn't fit

Aftermath Perps: 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 −0.0010%	1h	585.28	−0.125%	$46K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	−0.590%	$3K	$6K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	587.27	+0.214%	$1.0M	$658K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	585.30	−0.121%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	586.95	+0.160%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	585.11	−0.153%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0269%	1h	585.54	−0.080%	$106K	$50K	5x	as long as short
Polymarket Perps XMR-USD	+0.0291%	1h	585.77	−0.041%	$23K	$2.1M	5x	as long as short
Lighter XMR	+0.0496%	1h	585.94	−0.011%	$3.3M	$7.2M	10x	as long as short
Binance XMRUSDT	+0.0511%	8h	585.97	−0.007%	$53.4M	$165.9M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XMR_USDT	+0.0511%	8h	586.15	+0.024%	$20.9M	$15.2M	100x	as long as short
Bybit XMRUSDT	+0.0521%	8h	586.01	0.000%	$47.6M	$64.2M	75x	as long as short
Gate XMR_USDT	+0.0558%	8h	585.42	−0.101%	$1.6M	$4.5M	50x	as long as short
BingX XMR-USDT	+0.0573%	8h	586.08	+0.012%	—	$5.7M	—	as long as short
Bitget XMRUSDT	+0.0600%	8h	586.27	+0.044%	$9.6M	$14.1M	50x	as long as short
KuCoin XMRUSDTM	+0.0703%	8h	585.96	−0.009%	$48.1M	$26.0M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0718%	1h	585.45	−0.096%	$172K	$537K	20x	as long as short
Aster XMRUSDT	+0.0719%	8h	586.29	+0.048%	$661K	$2.4M	75x	as long as short
BloFin XMR-USDT	+0.0784%	8h	587.16	+0.196%	$2.7M	$11.4M	75x	as long as short
Paradex XMR-USD-PERP	+0.0910%	8h	586.86	+0.146%	$8K	$4K	20x	as long as short
GRVT XMR_USDT_Perp	+0.0953%	8h	587.31	+0.222%	$341K	$764K	10x	as long as short
Kraken Futures PF_XMRUSD	+0.0954%	1h	584.71	−0.222%	$5.5M	$19.6M	50x	as long as short
Nado XMR-PERP	+0.0983%	1h	586.33	+0.054%	$1.3M	$463K	10x	as long as short
Pacifica XMR	+0.0996%	1h	586.65	+0.109%	$272K	$1.1M	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1042% / S −0.1407%	1h	585.29	−0.123%	$652K	—	100x	as long as short
Hyperliquid XMR	+0.1058%	1h	586.01	0.000%	$88.2M	$71.3M	5x	as long as short
Variational Omni XMRshort	+0.1072%	8h	587.04	+0.176%	$6.7M	$2.4M	—
SoDEX XMR-USD	+0.1076%	1h	586.05	+0.007%	$445K	$3K	5x	as long as short
Orderly PERP_XMR_USDC	+0.1112%	8h	585.99	−0.003%	$41K	$721K	10x	as long as short
Extended XMR-USD	+0.1120%	1h	585.92	−0.016%	$3.2M	$8.0M	25x	as long as short
Aftermath Perps XMRUSDlong	+0.2462%	1h	586.01	long leg	$1K	$45K	10x