Settings8H · net · $10k
Funding arb · Price arb /

XMR

all XMR markets
SwapBacktest
Alert: funding
Alert: spread
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
What this pair did over the last
the charts below follow
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%
Together, before fees−0.544%−$54 on $10k · with fees, hour by hour
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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate XMR_USDT574.770.0138pay 0.0138% / 8h7h 50m$1.6M$2.6M50x
ShortBybit XMRUSDT574.770.0100get 0.0100% / 8h7h 50m$46.6M$49.5M75x

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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 2 min ago8.55 bp20.8 bp −$2137.8 bp −$378doesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago1.05 bp11.2 bp −$1121.4 bp −$214doesn't fitdoesn't fit

XMR on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) XMR/USDL +0.0010% / S −0.0005%1h574.14−0.110%$34K150xas long as short
Injective XMR/USDC PERP+0.0033%1h582.55+1.354%$3K$3K12xas long as short
Bybit XMRUSDTshort+0.0100%8h574.770.000%$46.6M$49.5M75x
edgeX XMRUSDC+0.0100%4h573.65−0.194%$1.0M$543K10xas long as short
Polymarket Perps XMR-USD+0.0100%1h574.23−0.094%$30K$1.7M5xas long as short
SunX XMR-USDT+0.0100%8h574.70−0.012%$2K$1.2M20xas long as short
HTX XMR-USDT+0.0100%8h573.95−0.143%$1.1M$1.1M20xas long as short
Gate XMR_USDTlong+0.0138%8h574.77long leg$1.6M$2.6M50x
Aevo XMR-PERP+0.0200%1h574.90+0.023%$12K3xas long as short
Extended XMR-USD+0.0256%1h574.46−0.054%$3.0M$7.6M25xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin XMRUSDTM+0.0342%8h574.40−0.064%$45.3M$17.8M50xas long as short
Kraken Futures PF_XMRUSD+0.0370%1h574.08−0.121%$5.5M$9.1M50xas long as short
MEXC XMR_USDT+0.0491%8h574.72−0.009%$20.2M$9.6M100xas long as short
Binance XMRUSDT+0.0494%8h574.87+0.017%$52.5M$105.5M75xas long as short
BingX XMR-USDT+0.0504%8h574.78+0.002%$5.2Mas long as short
Bitget XMRUSDT+0.0532%8h574.80+0.005%$9.4M$10.1M50xas long as short
Pacifica XMR+0.0550%1h574.54−0.040%$268K$757K10xas long as short
Lighter XMR+0.0592%1h574.69−0.014%$3.1M$5.5M10xas long as short
Hyperliquid XMR+0.0619%1h574.78+0.001%$87.2M$58.7M5xas long as short
GRVT XMR_USDT_Perp+0.0620%8h573.51−0.219%$343K$623K10xas long as short
Aster XMRUSDT+0.0625%8h574.59−0.031%$643K$1.6M75xas long as short
Paradex XMR-USD-PERP+0.0674%8h574.67−0.018%$8K$2K20xas long as short
BloFin XMR-USDT+0.0802%8h574.90+0.023%$2.7M$9.9M75xas long as short
Variational Omni XMR+0.0814%8h574.89+0.021%$6.2M$2.3Mas long as short
Nado XMR-PERP+0.0907%1h575.17+0.070%$1.3M$318K10xas long as short
SoDEX XMR-USD+0.0908%1h574.89+0.021%$437K$4K5xas long as short
GMX XMR/USD [WBTC.b-USDC]L +0.1078% / S −0.1372%1h574.02−0.131%$598K100xas long as short
Orderly PERP_XMR_USDC+0.1112%8h574.75−0.003%$40K$434K10xas long as short
dYdX XMR-USD+0.1141%1h573.38−0.242%$104K$29K5xas long as short
Backpack XMR_USDC_PERP+0.1184%1h574.56−0.037%$136K$431K20xas long as short
Aftermath Perps XMRUSD+0.2100%1h573.21−0.271%$1K$39K10xas long as short