Funding you earn now, next payment 16:00 UTC−0.0208%/8h= −22.7% APRnext payment −$2.08 per $10,000 · paid last 24h −0.033%
Price spread now: Binance against Bitget−0.056%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$500.504% of the position
Funding, last 7 days+0.081%+$8 on $10k
+Price spread, last 7 days+0.052%+$5 · spread now −0.056%, 7d avg +0.006%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Binance is 0.061% cheaper against Bitget than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.006%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.081%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.081% in total (about 4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.08 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget XMRUSDT | 570.97 | 0.0676 | pay 0.0676% / 8h | 6h 19m | $9.1M | $9.6M | 50x |
| Short | Binance XMRUSDT | 570.65 | 0.0468 | get 0.0468% / 8h | 6h 19m | $52.4M | $89.2M | 75x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- −$43.62
- Price spread: −0.056% → +0.006%
- −$6.15
- Slippage, 4 orders
- −$28.42
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$100.18
- Costs to cover
- 0.504%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; Binance: live order book, 1 min ago.
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 Bitget live order book, 2 min ago | 3.77 bp | 15.2 bp −$15 | 18.6 bp −$186 | 78.9 bp −$7,893 | doesn't fit |
| Sell Binance live order book, 1 min ago | 0.09 bp | 11.2 bp −$11 | 25.3 bp −$253 | doesn't fit | doesn't fit |
XMR on 31 exchanges
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 −0.0004% | 1h | 569.59 | −0.242% | $33K | — | 150x | as long as short |
| Injective XMR/USDC PERP | +0.0033% | 1h | 582.55 | +2.028% | $3K | $3K | 12x | as long as short |
| edgeX XMRUSDC | +0.0100% | 4h | 570.29 | −0.119% | $1.0M | $463K | 10x | as long as short |
| SunX XMR-USDT | +0.0100% | 8h | 569.75 | −0.214% | $2K | $984K | 20x | as long as short |
| HTX XMR-USDT | +0.0100% | 8h | 569.95 | −0.179% | $1.1M | $987K | 20x | as long as short |
| Polymarket Perps XMR-USD | +0.0160% | 1h | 570.24 | −0.128% | $30K | $1.5M | 5x | as long as short |
| Aevo XMR-PERP | +0.0200% | 1h | 571.04 | +0.012% | $12K | — | 3x | as long as short |
| Lighter XMR | +0.0392% | 1h | 570.19 | −0.137% | $3.0M | $4.8M | 10x | as long as short |
| Gate XMR_USDT | +0.0407% | 8h | 570.15 | −0.144% | $1.5M | $2.3M | 50x | as long as short |
| MEXC XMR_USDT | +0.0466% | 8h | 570.60 | −0.065% | $19.8M | $9.0M | 100x | as long as short |
Show all 31 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance XMRUSDTshort | +0.0468% | 8h | 570.65 | −0.056% | $52.4M | $89.2M | 75x | |
| Bybit XMRUSDT | +0.0474% | 8h | 570.80 | −0.030% | $46.3M | $44.6M | 75x | as long as short |
| KuCoin XMRUSDTM | +0.0511% | 8h | 570.09 | −0.154% | $45.1M | $16.0M | 50x | as long as short |
| Aster XMRUSDT | +0.0526% | 8h | 570.00 | −0.170% | $661K | $1.3M | 75x | as long as short |
| Extended XMR-USD | +0.0536% | 1h | 570.77 | −0.035% | $3.0M | $6.5M | 25x | as long as short |
| Paradex XMR-USD-PERP | +0.0542% | 8h | 570.22 | −0.132% | $8K | $1K | 20x | as long as short |
| BingX XMR-USDT | +0.0637% | 8h | 570.93 | −0.007% | — | $4.9M | — | as long as short |
| Bitget XMRUSDTlong | +0.0676% | 8h | 570.97 | long leg | $9.1M | $9.6M | 50x | |
| Pacifica XMR | +0.0710% | 1h | 570.28 | −0.121% | $269K | $640K | 10x | as long as short |
| GRVT XMR_USDT_Perp | +0.0748% | 8h | 570.57 | −0.070% | $337K | $664K | 10x | as long as short |
| BloFin XMR-USDT | +0.0768% | 8h | 570.98 | +0.002% | $2.7M | $9.3M | 75x | as long as short |
| Variational Omni XMR | +0.0809% | 8h | 570.16 | −0.142% | $6.1M | $2.2M | — | as long as short |
| Hyperliquid XMR | +0.0810% | 1h | 570.55 | −0.074% | $86.7M | $53.5M | 5x | as long as short |
| Kraken Futures PF_XMRUSD | +0.0856% | 1h | 569.96 | −0.177% | $5.4M | $6.8M | 50x | as long as short |
| Backpack XMR_USDC_PERP | +0.0870% | 1h | 570.25 | −0.126% | $128K | $411K | 20x | as long as short |
| Nado XMR-PERP | +0.0913% | 1h | 570.38 | −0.104% | $1.2M | $190K | 10x | as long as short |
| GMX XMR/USD [WBTC.b-USDC] | L +0.0937% / S −0.1108% | 1h | 569.57 | −0.245% | $592K | — | 100x | as long as short |
| Orderly PERP_XMR_USDC | +0.1060% | 8h | 570.69 | −0.049% | $41K | $348K | 10x | as long as short |
| SoDEX XMR-USD | +0.1069% | 1h | 571.06 | +0.016% | $434K | $4K | 5x | as long as short |
| Aftermath Perps XMRUSD | +0.2114% | 1h | 569.76 | −0.213% | $1K | $37K | 10x | as long as short |
| dYdX XMR-USD | +0.7932% | 1h | 569.53 | −0.253% | $103K | $20K | 5x | as long as short |
Bitget XMRUSDT
Binance XMRUSDT
gTrade (Gains Network) XMR/USD
Injective XMR/USDC PERP
edgeX XMRUSDC
SunX XMR-USDT
HTX XMR-USDT
Polymarket Perps XMR-USD
Lighter XMR
Gate XMR_USDT
MEXC XMR_USDT
Bybit XMRUSDT
KuCoin XMRUSDTM
Aster XMRUSDT
Extended XMR-USD
Paradex XMR-USD-PERP
BingX XMR-USDT
Pacifica XMR
GRVT XMR_USDT_Perp
BloFin XMR-USDT
Variational Omni XMR
Hyperliquid XMR
Kraken Futures PF_XMRUSD
Backpack XMR_USDC_PERP
GMX XMR/USD [WBTC.b-USDC]
SoDEX XMR-USD
Aftermath Perps XMRUSD