Funding you earn now, next payment 16:00 UTC−0.0038%/8h= −4.2% APRnext payment −$0.38 per $10,000 · paid last 24h −0.056%
Price spread now: Bybit against Gate0.000%7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$119as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$680.679% of the position
Funding, last 7 days−0.509%−$51 on $10k
+Price spread, last 7 days−0.036%−$4 · spread now 0.000%, 7d avg +0.052%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.052% cheaper against Gate than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.052%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate XMR_USDT | 574.77 | 0.0138 | pay 0.0138% / 8h | 7h 50m | $1.6M | $2.6M | 50x |
| Short | Bybit XMRUSDT | 574.77 | 0.0100 | get 0.0100% / 8h | 7h 50m | $46.6M | $49.5M | 75x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. 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
- −$7.98
- Price spread: 0.000% → +0.052%
- −$5.22
- Slippage, 4 orders
- −$41.93
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$81.13
- Costs to cover
- 0.679%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; Bybit: live order book, 3 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 Gate live order book, 2 min ago | 8.55 bp | 20.8 bp −$21 | 37.8 bp −$378 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.05 bp | 11.2 bp −$11 | 21.4 bp −$214 | 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 | 574.14 | −0.110% | $34K | — | 150x | as long as short |
| Injective XMR/USDC PERP | +0.0033% | 1h | 582.55 | +1.354% | $3K | $3K | 12x | as long as short |
| Bybit XMRUSDTshort | +0.0100% | 8h | 574.77 | 0.000% | $46.6M | $49.5M | 75x | |
| edgeX XMRUSDC | +0.0100% | 4h | 573.65 | −0.194% | $1.0M | $543K | 10x | as long as short |
| Polymarket Perps XMR-USD | +0.0100% | 1h | 574.23 | −0.094% | $30K | $1.7M | 5x | as long as short |
| SunX XMR-USDT | +0.0100% | 8h | 574.70 | −0.012% | $2K | $1.2M | 20x | as long as short |
| HTX XMR-USDT | +0.0100% | 8h | 573.95 | −0.143% | $1.1M | $1.1M | 20x | as long as short |
| Gate XMR_USDTlong | +0.0138% | 8h | 574.77 | long leg | $1.6M | $2.6M | 50x | |
| Aevo XMR-PERP | +0.0200% | 1h | 574.90 | +0.023% | $12K | — | 3x | as long as short |
| Extended XMR-USD | +0.0256% | 1h | 574.46 | −0.054% | $3.0M | $7.6M | 25x | as long as short |
Show all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XMRUSDTM | +0.0342% | 8h | 574.40 | −0.064% | $45.3M | $17.8M | 50x | as long as short |
| Kraken Futures PF_XMRUSD | +0.0370% | 1h | 574.08 | −0.121% | $5.5M | $9.1M | 50x | as long as short |
| MEXC XMR_USDT | +0.0491% | 8h | 574.72 | −0.009% | $20.2M | $9.6M | 100x | as long as short |
| Binance XMRUSDT | +0.0494% | 8h | 574.87 | +0.017% | $52.5M | $105.5M | 75x | as long as short |
| BingX XMR-USDT | +0.0504% | 8h | 574.78 | +0.002% | — | $5.2M | — | as long as short |
| Bitget XMRUSDT | +0.0532% | 8h | 574.80 | +0.005% | $9.4M | $10.1M | 50x | as long as short |
| Pacifica XMR | +0.0550% | 1h | 574.54 | −0.040% | $268K | $757K | 10x | as long as short |
| Lighter XMR | +0.0592% | 1h | 574.69 | −0.014% | $3.1M | $5.5M | 10x | as long as short |
| Hyperliquid XMR | +0.0619% | 1h | 574.78 | +0.001% | $87.2M | $58.7M | 5x | as long as short |
| GRVT XMR_USDT_Perp | +0.0620% | 8h | 573.51 | −0.219% | $343K | $623K | 10x | as long as short |
| Aster XMRUSDT | +0.0625% | 8h | 574.59 | −0.031% | $643K | $1.6M | 75x | as long as short |
| Paradex XMR-USD-PERP | +0.0674% | 8h | 574.67 | −0.018% | $8K | $2K | 20x | as long as short |
| BloFin XMR-USDT | +0.0802% | 8h | 574.90 | +0.023% | $2.7M | $9.9M | 75x | as long as short |
| Variational Omni XMR | +0.0814% | 8h | 574.89 | +0.021% | $6.2M | $2.3M | — | as long as short |
| Nado XMR-PERP | +0.0907% | 1h | 575.17 | +0.070% | $1.3M | $318K | 10x | as long as short |
| SoDEX XMR-USD | +0.0908% | 1h | 574.89 | +0.021% | $437K | $4K | 5x | as long as short |
| GMX XMR/USD [WBTC.b-USDC] | L +0.1078% / S −0.1372% | 1h | 574.02 | −0.131% | $598K | — | 100x | as long as short |
| Orderly PERP_XMR_USDC | +0.1112% | 8h | 574.75 | −0.003% | $40K | $434K | 10x | as long as short |
| dYdX XMR-USD | +0.1141% | 1h | 573.38 | −0.242% | $104K | $29K | 5x | as long as short |
| Backpack XMR_USDC_PERP | +0.1184% | 1h | 574.56 | −0.037% | $136K | $431K | 20x | as long as short |
| Aftermath Perps XMRUSD | +0.2100% | 1h | 573.21 | −0.271% | $1K | $39K | 10x | as long as short |
Gate XMR_USDT
Bybit XMRUSDT
gTrade (Gains Network) XMR/USD
Injective XMR/USDC PERP
edgeX XMRUSDC
Polymarket Perps XMR-USD
SunX XMR-USDT
HTX XMR-USDT
Extended XMR-USD
KuCoin XMRUSDTM
Kraken Futures PF_XMRUSD
MEXC XMR_USDT
Binance XMRUSDT
BingX XMR-USDT
Bitget XMRUSDT
Pacifica XMR
Lighter XMR
Hyperliquid XMR
GRVT XMR_USDT_Perp
Aster XMRUSDT
Paradex XMR-USD-PERP
BloFin XMR-USDT
Variational Omni XMR
SoDEX XMR-USD
GMX XMR/USD [WBTC.b-USDC]
Backpack XMR_USDC_PERP
Aftermath Perps XMRUSD