Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1294%/8h= +141.7% APRpaid last 24h +0.100%

Price spread now: Extended against Variational Omni−0.592%7-day average −0.051% · you buy dearer than you sell

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

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.361%+$36 on $10k

Price spread, last 7 days+0.633%+$63 · spread now −0.592%, 7d avg −0.051%

Together, before fees+0.994%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board+$99 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.541% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.592% now, against its 7-day average of −0.051%). If the spread goes back, that is −$54 on $10k: about 33 hours of funding at the current rate (+$39 a day). At the pace of the last 3 days (+0.361% in total) that is about 5.0 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.361% in total (about 39.7% 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	Variational Omni XMR	595.11	0.0466	pay 0.0466% / 8h	23m 53s	$6.9M	$2.6M	—
Short	Extended XMR-USD	591.59	0.1760	get 0.0220% / 1h	23m 53s	$3.2M	$7.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee ExtendedbpOrdersPrice spread, now −0.592%Rate

Funding earned: $271.72
Price spread: −0.592% → −0.051%: −$54.15
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $212.57
Costs to cover: 0.050%
Break-even: 1.5 days

Slippage unknown: Variational Omni: RFQ quote, just now; Extended: live order book, 5 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 Variational Omni RFQ quote, just now	3.55 bp	doesn't fit	14.8 bp −$148	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	2.59 bp	6.2 bp −$6	11.2 bp −$112	doesn't fit	doesn't fit

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 −0.0009%	1h	592.21	−0.488%	$44K	—	150x	as long as short
Lighter XMR	+0.0096%	1h	592.75	−0.396%	$3.4M	$6.9M	10x	as long as short
Bybit XMRUSDT	+0.0100%	8h	591.54	−0.600%	$48.4M	$63.6M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	598.05	+0.494%	$1.1M	$662K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	592.87	−0.377%	$2K	$2.0M	20x	as long as short
Aevo XMR-PERP	+0.0160%	1h	593.24	−0.314%	$12K	—	3x	as long as short
Backpack XMR_USDC_PERP	+0.0162%	1h	591.04	−0.684%	$201K	$575K	20x	as long as short
MEXC XMR_USDT	+0.0306%	8h	591.50	−0.607%	$21.9M	$15.0M	100x	as long as short
Binance XMRUSDT	+0.0307%	8h	591.37	−0.628%	$54.2M	$165.2M	75x	as long as short
BingX XMR-USDT	+0.0415%	8h	591.77	−0.562%	—	$5.8M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0435%	8h	590.78	−0.728%	$9.7M	$14.5M	50x	as long as short
BloFin XMR-USDT	+0.0439%	8h	593.59	−0.256%	$2.8M	$11.6M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0465%	1h	591.63	−0.585%	$5.6M	$20.5M	50x	as long as short
Variational Omni XMRlong	+0.0466%	8h	595.11	long leg	$6.9M	$2.6M	—
Gate XMR_USDT	+0.0475%	8h	591.03	−0.686%	$1.6M	$4.6M	50x	as long as short
KuCoin XMRUSDTM	+0.0562%	8h	591.40	−0.624%	$48.3M	$26.0M	50x	as long as short
Pacifica XMR	+0.0565%	1h	593.72	−0.234%	$278K	$1.1M	10x	as long as short
Aster XMRUSDT	+0.0579%	8h	591.60	−0.589%	$674K	$2.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0586%	8h	594.80	−0.052%	$349K	$794K	10x	as long as short
Polymarket Perps XMR-USD	+0.0709%	1h	593.55	−0.262%	$21K	$1.7M	5x	as long as short
SoDEX XMR-USD	+0.0767%	1h	593.06	−0.345%	$451K	$3K	5x	as long as short
Paradex XMR-USD-PERP	+0.0821%	8h	593.90	−0.204%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0871% / S −0.2449%	1h	592.21	−0.487%	$550K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0950%	8h	593.38	−0.291%	$43K	$729K	10x	as long as short
Nado XMR-PERP	+0.1133%	1h	593.62	−0.250%	$1.3M	$476K	10x	as long as short
Injective XMR/USDC PERP	+0.1312%	1h	596.76	+0.277%	$3K	$6K	12x	as long as short
Hyperliquid XMR	+0.1647%	1h	591.38	−0.627%	$88.9M	$71.4M	5x	as long as short
Extended XMR-USDshort	+0.1760%	1h	591.59	−0.592%	$3.2M	$7.0M	25x
HTX XMR-USDT	+0.1928%	8h	591.00	−0.691%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2279%	1h	595.05	−0.010%	$2K	$47K	10x	as long as short
dYdX XMR-USD	+0.2427%	1h	592.54	−0.432%	$108K	$50K	5x	as long as short