Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0929%/8h= −101.7% APRpaid last 24h −0.163%

Price spread now: Lighter against Orderly−0.006%7-day average +0.004% · you buy dearer than you sell

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

Long on Orderly Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.608%−$61 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.006%, 7d avg +0.004%

Together, before fees−0.585%+ Points / potential airdropLighter: Season 3 · farm board−$58 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: −$28 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.608% in total (about -31.7% 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	574.56	0.1185	pay 0.1185% / 8h	1h 22m	$40K	$586K	10x
Short	Lighter XMR	574.53	0.0256	get 0.0032% / 1h	22m 20s	$3.1M	$6.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$195.14
Price spread: −0.006% → +0.004%: −$1.04
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$202.17
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 6 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 Lighter live order book, 6 min ago	2.96 bp	6.5 bp −$7	18.9 bp −$189	126.3 bp −$12.6K	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 −0.0004%	1h	574.61	+0.009%	$32K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.391%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	574.92	+0.062%	$1.0M	$582K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	574.31	−0.044%	$2K	$1.5M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	574.95	+0.068%	$1.1M	$1.4M	20x	as long as short
Aevo XMR-PERP	+0.0240%	1h	574.90	+0.059%	$12K	—	3x	as long as short
Lighter XMRshort	+0.0256%	1h	574.53	−0.006%	$3.1M	$6.2M	10x
Extended XMR-USD	+0.0296%	1h	574.46	−0.017%	$3.0M	$8.2M	25x	as long as short
KuCoin XMRUSDTM	+0.0323%	8h	574.45	−0.019%	$45.3M	$22.3M	50x	as long as short
Polymarket Perps XMR-USD	+0.0505%	1h	574.82	+0.045%	$24K	$2.0M	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX XMR-USD	+0.0565%	1h	574.53	−0.005%	$104K	$43K	5x	as long as short
Bitget XMRUSDT	+0.0597%	8h	574.73	+0.030%	$9.6M	$11.5M	50x	as long as short
BingX XMR-USDT	+0.0604%	8h	574.96	+0.070%	—	$5.4M	—	as long as short
Bybit XMRUSDT	+0.0622%	8h	574.97	+0.071%	$46.6M	$58.1M	75x	as long as short
Binance XMRUSDT	+0.0629%	8h	574.99	+0.075%	$52.3M	$131.8M	75x	as long as short
MEXC XMR_USDT	+0.0631%	8h	575.02	+0.080%	$20.1M	$14.5M	100x	as long as short
Kraken Futures PF_XMRUSD	+0.0633%	1h	573.64	−0.161%	$5.4M	$14.6M	50x	as long as short
Gate XMR_USDT	+0.0683%	8h	574.82	+0.045%	$1.6M	$3.3M	50x	as long as short
Paradex XMR-USD-PERP	+0.0786%	8h	575.44	+0.154%	$8K	$3K	20x	as long as short
Aster XMRUSDT	+0.0790%	8h	575.12	+0.097%	$637K	$2.0M	75x	as long as short
Hyperliquid XMR	+0.0810%	1h	574.95	+0.068%	$87.1M	$63.8M	5x	as long as short
SoDEX XMR-USD	+0.0946%	1h	574.62	+0.010%	$437K	$3K	5x	as long as short
Nado XMR-PERP	+0.0980%	1h	574.97	+0.071%	$1.3M	$443K	10x	as long as short
GRVT XMR_USDT_Perp	+0.0985%	8h	574.91	+0.061%	$343K	$704K	10x	as long as short
Backpack XMR_USDC_PERP	+0.0988%	1h	574.91	+0.061%	$175K	$490K	20x	as long as short
Pacifica XMR	+0.1002%	1h	575.04	+0.083%	$265K	$906K	10x	as long as short
BloFin XMR-USDT	+0.1045%	8h	575.33	+0.134%	$2.7M	$10.7M	75x	as long as short
Variational Omni XMR	+0.1088%	8h	575.02	+0.081%	$6.2M	$2.4M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1153% / S −0.1534%	1h	574.35	−0.036%	$595K	—	100x	as long as short
Orderly PERP_XMR_USDClong	+0.1185%	8h	574.56	long leg	$40K	$586K	10x
Aftermath Perps XMRUSD	+0.1892%	1h	574.94	+0.066%	$1K	$41K	10x	as long as short