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

XMR

all XMR markets
SwapBacktest
Alert: funding
Alert: spread
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
What this pair did over the last
the charts below follow
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%
Together, before fees+0.133%+$13 on $10k · with fees, hour by hour
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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget XMRUSDT570.970.0676pay 0.0676% / 8h6h 19m$9.1M$9.6M50x
ShortBinance XMRUSDT570.650.0468get 0.0468% / 8h6h 19m$52.4M$89.2M75x

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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 2 min ago3.77 bp15.2 bp −$1518.6 bp −$18678.9 bp −$7,893doesn't fit
Sell Binance live order book, 1 min ago0.09 bp11.2 bp −$1125.3 bp −$253doesn't fitdoesn't fit

XMR on 31 exchanges

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 −0.0004%1h569.59−0.242%$33K150xas long as short
Injective XMR/USDC PERP+0.0033%1h582.55+2.028%$3K$3K12xas long as short
edgeX XMRUSDC+0.0100%4h570.29−0.119%$1.0M$463K10xas long as short
SunX XMR-USDT+0.0100%8h569.75−0.214%$2K$984K20xas long as short
HTX XMR-USDT+0.0100%8h569.95−0.179%$1.1M$987K20xas long as short
Polymarket Perps XMR-USD+0.0160%1h570.24−0.128%$30K$1.5M5xas long as short
Aevo XMR-PERP+0.0200%1h571.04+0.012%$12K3xas long as short
Lighter XMR+0.0392%1h570.19−0.137%$3.0M$4.8M10xas long as short
Gate XMR_USDT+0.0407%8h570.15−0.144%$1.5M$2.3M50xas long as short
MEXC XMR_USDT+0.0466%8h570.60−0.065%$19.8M$9.0M100xas long as short
Show all 31 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance XMRUSDTshort+0.0468%8h570.65−0.056%$52.4M$89.2M75x
Bybit XMRUSDT+0.0474%8h570.80−0.030%$46.3M$44.6M75xas long as short
KuCoin XMRUSDTM+0.0511%8h570.09−0.154%$45.1M$16.0M50xas long as short
Aster XMRUSDT+0.0526%8h570.00−0.170%$661K$1.3M75xas long as short
Extended XMR-USD+0.0536%1h570.77−0.035%$3.0M$6.5M25xas long as short
Paradex XMR-USD-PERP+0.0542%8h570.22−0.132%$8K$1K20xas long as short
BingX XMR-USDT+0.0637%8h570.93−0.007%$4.9Mas long as short
Bitget XMRUSDTlong+0.0676%8h570.97long leg$9.1M$9.6M50x
Pacifica XMR+0.0710%1h570.28−0.121%$269K$640K10xas long as short
GRVT XMR_USDT_Perp+0.0748%8h570.57−0.070%$337K$664K10xas long as short
BloFin XMR-USDT+0.0768%8h570.98+0.002%$2.7M$9.3M75xas long as short
Variational Omni XMR+0.0809%8h570.16−0.142%$6.1M$2.2Mas long as short
Hyperliquid XMR+0.0810%1h570.55−0.074%$86.7M$53.5M5xas long as short
Kraken Futures PF_XMRUSD+0.0856%1h569.96−0.177%$5.4M$6.8M50xas long as short
Backpack XMR_USDC_PERP+0.0870%1h570.25−0.126%$128K$411K20xas long as short
Nado XMR-PERP+0.0913%1h570.38−0.104%$1.2M$190K10xas long as short
GMX XMR/USD [WBTC.b-USDC]L +0.0937% / S −0.1108%1h569.57−0.245%$592K100xas long as short
Orderly PERP_XMR_USDC+0.1060%8h570.69−0.049%$41K$348K10xas long as short
SoDEX XMR-USD+0.1069%1h571.06+0.016%$434K$4K5xas long as short
Aftermath Perps XMRUSD+0.2114%1h569.76−0.213%$1K$37K10xas long as short
dYdX XMR-USD+0.7932%1h569.53−0.253%$103K$20K5xas long as short