Funding you earn now, next payment 07:00 UTC+0.0486%/8h= +53.2% APRpaid last 24h −0.033%
Price spread now: Orderly against dYdX+0.279%80s7-day average +0.165% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.030%+$3 on $10k
+Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.279%, 7d avg +0.165%
=Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Orderly is 0.114% dearer against dYdX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.165%. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.030% in total (about 1.6% 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 | dYdX XMR-USD | 573.82 | 0.0700 | pay 0.0088% / 1h | 29m 18s | $104K | $43K | 5x |
| Short | Orderly PERP_XMR_USDC | 575.42 | 0.1186 | get 0.1186% / 8h | 1h 29m | $40K | $588K | 10x |
dYdX XMR-USD
Orderly PERP_XMR_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against dYdX. 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
- $102.1
- Price spread: +0.279% → +0.165%
- $11.42
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $97.51
- Costs to cover
- 0.160%
- Break-even
- 0.3 days
Slippage unknown: dYdX: live order book, 15 min ago; Orderly: no order-book sample. 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 dYdX live order book, 15 min ago | 80.38 bp | 87.2 bp −$87 | 87.4 bp −$874 | 92.6 bp −$9,256 | 373.4 bp −$186.7K |
| Sell Orderly no order-book sample | — | — | — | — | — |
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 −0.0004% | 1h | 573.96 | +0.025% | $32K | — | 150x | as long as short |
| Injective XMR/USDC PERP | +0.0033% | 1h | 582.55 | +1.521% | $3K | $3K | 12x | as long as short |
| edgeX XMRUSDC | +0.0100% | 4h | 574.77 | +0.166% | $1.0M | $634K | 10x | as long as short |
| SunX XMR-USDT | +0.0100% | 8h | 574.69 | +0.152% | $2K | $1.6M | 20x | as long as short |
| HTX XMR-USDT | +0.0100% | 8h | 574.00 | +0.031% | $1.1M | $1.4M | 20x | as long as short |
| Aevo XMR-PERP | +0.0240% | 1h | 574.68 | +0.149% | $12K | — | 3x | as long as short |
| Lighter XMR | +0.0288% | 1h | 574.86 | +0.181% | $3.1M | $6.2M | 10x | as long as short |
| KuCoin XMRUSDTM | +0.0316% | 8h | 574.64 | +0.143% | $45.3M | $23.5M | 50x | as long as short |
| Extended XMR-USD | +0.0336% | 1h | 575.23 | +0.245% | $3.0M | $8.3M | 25x | as long as short |
| Polymarket Perps XMR-USD | +0.0493% | 1h | 574.99 | +0.204% | $23K | $2.0M | 5x | as long as short |
gTrade (Gains Network) XMR/USD
Injective XMR/USDC PERP
edgeX XMRUSDC
SunX XMR-USDT
HTX XMR-USDT
Aevo XMR-PERP
Lighter XMR
KuCoin XMRUSDTM
Extended XMR-USD
Polymarket Perps XMR-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XMRUSDT | +0.0592% | 8h | 575.76 | +0.338% | $9.5M | $11.7M | 50x | as long as short |
| BingX XMR-USDT | +0.0612% | 8h | 575.51 | +0.295% | — | $5.4M | — | as long as short |
| Kraken Futures PF_XMRUSD | +0.0632% | 1h | 574.61 | +0.138% | $5.4M | $15.4M | 50x | as long as short |
| MEXC XMR_USDT | +0.0635% | 8h | 575.13 | +0.228% | $20.1M | $14.4M | 100x | as long as short |
| Bybit XMRUSDT | +0.0635% | 8h | 575.63 | +0.315% | $46.7M | $58.7M | 75x | as long as short |
| Binance XMRUSDT | +0.0635% | 8h | 575.39 | +0.274% | $52.4M | $136.4M | 75x | as long as short |
| Gate XMR_USDT | +0.0669% | 8h | 574.80 | +0.171% | $1.5M | $3.3M | 50x | as long as short |
| dYdX XMR-USDlong | +0.0700% | 1h | 573.82 | long leg | $104K | $43K | 5x | |
| Aster XMRUSDT | +0.0793% | 8h | 575.29 | +0.256% | $637K | $2.0M | 75x | as long as short |
| Paradex XMR-USD-PERP | +0.0813% | 8h | 575.43 | +0.281% | $8K | $3K | 20x | as long as short |
| Hyperliquid XMR | +0.0816% | 1h | 575.15 | +0.231% | $87.1M | $65.9M | 5x | as long as short |
| Backpack XMR_USDC_PERP | +0.0892% | 1h | 574.67 | +0.148% | $174K | $503K | 20x | as long as short |
| SoDEX XMR-USD | +0.0948% | 1h | 575.50 | +0.293% | $437K | $3K | 5x | as long as short |
| GRVT XMR_USDT_Perp | +0.0992% | 8h | 575.42 | +0.279% | $343K | $711K | 10x | as long as short |
| Nado XMR-PERP | +0.0995% | 1h | 575.22 | +0.244% | $1.3M | $444K | 10x | as long as short |
| Pacifica XMR | +0.1002% | 1h | 574.97 | +0.201% | $265K | $906K | 10x | as long as short |
| BloFin XMR-USDT | +0.1047% | 8h | 574.93 | +0.193% | $2.7M | $10.8M | 75x | as long as short |
| Variational Omni XMR | +0.1099% | 8h | 574.60 | +0.137% | $6.2M | $2.4M | — | as long as short |
| GMX XMR/USD [WBTC.b-USDC] | L +0.1136% / S −0.1500% | 1h | 573.80 | −0.003% | $595K | — | 100x | as long as short |
| Orderly PERP_XMR_USDCshort | +0.1186% | 8h | 575.42 | +0.279% | $40K | $588K | 10x | |
| Aftermath Perps XMRUSD | +0.1920% | 1h | 574.19 | +0.064% | $1K | $41K | 10x | as long as short |
Bitget XMRUSDT
BingX XMR-USDT
Kraken Futures PF_XMRUSD
MEXC XMR_USDT
Bybit XMRUSDT
Binance XMRUSDT
Gate XMR_USDT
Aster XMRUSDT
Paradex XMR-USD-PERP
Hyperliquid XMR
Backpack XMR_USDC_PERP
SoDEX XMR-USD
GRVT XMR_USDT_Perp
Nado XMR-PERP
Pacifica XMR
BloFin XMR-USDT
Variational Omni XMR
GMX XMR/USD [WBTC.b-USDC]
Aftermath Perps XMRUSD