Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0276%/8h= +30.2% APRpaid last 24h +0.223%

Price spread now: Extended against Bybit+0.067%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs+$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$320.325% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.877%+$88 on $10k

Price spread, last 7 days−0.121%−$12 · spread now +0.067%, 7d avg −0.034%

Together, before fees+0.756%+ Points / potential airdropExtended: Active · farm board+$76 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Extended is 0.101% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XMRUSDT	569.58	0.0100	pay 0.0100% / 8h	7h 26m	$46.1M	$48.7M	75x
Short	Extended XMR-USD	569.96	0.0376	get 0.0047% / 1h	26m 44s	$3.0M	$7.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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 BybitbpFee ExtendedbpOrdersPrice spread, now +0.067%Rate

Funding earned: $57.96
Price spread: +0.067% → −0.034%: $10.09
Slippage, 4 orders: −$16.47
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $35.59
Costs to cover: 0.325%
Break-even: 2.7 days

Slippage from Bybit: live order book, 2 min ago; Extended: live order book, 2 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 Bybit live order book, 2 min ago	0.09 bp	12.0 bp −$12	20.5 bp −$205	90.0 bp −$9,001	doesn't fit
Sell Extended live order book, 2 min ago	2.01 bp	4.7 bp −$5	10.5 bp −$105	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 −0.0005%	1h	570.47	+0.156%	$34K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+2.277%	$3K	$3K	12x	as long as short
Bybit XMRUSDTlong	+0.0100%	8h	569.58	long leg	$46.1M	$48.7M	75x
edgeX XMRUSDC	+0.0100%	4h	570.62	+0.182%	$1.0M	$539K	10x	as long as short
Polymarket Perps XMR-USD	+0.0100%	1h	569.95	+0.065%	$30K	$1.6M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	569.98	+0.070%	$2K	$1.2M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	570.00	+0.074%	$1.1M	$1.0M	20x	as long as short
Gate XMR_USDT	+0.0169%	8h	569.49	−0.016%	$1.5M	$2.7M	50x	as long as short
Aevo XMR-PERP	+0.0200%	1h	570.49	+0.159%	$12K	—	3x	as long as short
Lighter XMR	+0.0248%	1h	569.95	+0.066%	$3.0M	$5.5M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XMRUSDTM	+0.0351%	8h	569.46	−0.021%	$45.0M	$17.4M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0373%	1h	569.36	−0.038%	$5.4M	$8.7M	50x	as long as short
Extended XMR-USDshort	+0.0376%	1h	569.96	+0.067%	$3.0M	$7.4M	25x
GRVT XMR_USDT_Perp	+0.0414%	8h	570.47	+0.156%	$334K	$622K	10x	as long as short
Hyperliquid XMR	+0.0432%	1h	570.22	+0.112%	$86.5M	$58.1M	5x	as long as short
MEXC XMR_USDT	+0.0463%	8h	569.97	+0.068%	$19.9M	$9.7M	100x	as long as short
Binance XMRUSDT	+0.0464%	8h	569.69	+0.020%	$52.0M	$102.4M	75x	as long as short
BingX XMR-USDT	+0.0518%	8h	570.22	+0.112%	—	$5.2M	—	as long as short
Bitget XMRUSDT	+0.0548%	8h	570.28	+0.123%	$9.2M	$10.2M	50x	as long as short
Pacifica XMR	+0.0550%	1h	571.38	+0.316%	$268K	$745K	10x	as long as short
Aster XMRUSDT	+0.0580%	8h	569.89	+0.054%	$651K	$1.6M	75x	as long as short
Paradex XMR-USD-PERP	+0.0595%	8h	571.10	+0.267%	$8K	$2K	20x	as long as short
Variational Omni XMR	+0.0773%	8h	570.58	+0.176%	$6.2M	$2.3M	—	as long as short
BloFin XMR-USDT	+0.0781%	8h	570.46	+0.154%	$2.7M	$9.7M	75x	as long as short
SoDEX XMR-USD	+0.0794%	1h	570.38	+0.140%	$433K	$4K	5x	as long as short
Nado XMR-PERP	+0.0941%	1h	571.01	+0.252%	$1.2M	$309K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1031% / S −0.1284%	1h	569.58	0.000%	$593K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1082%	8h	570.27	+0.121%	$40K	$414K	10x	as long as short
Backpack XMR_USDC_PERP	+0.1209%	1h	570.08	+0.088%	$128K	$421K	20x	as long as short
dYdX XMR-USD	+0.1635%	1h	570.73	+0.202%	$103K	$28K	5x	as long as short
Aftermath Perps XMRUSD	+0.1983%	1h	570.89	+0.231%	$1K	$38K	10x	as long as short