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

XMR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0216%/8h= −23.7% APRnext payment $0.27 per $10,000 · paid last 24h +0.117%
Price spread now: Extended against Lighter+0.034%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs+$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$8as in the Price arb table
costs, in and out, $10k−$130.133% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.452%+$45 on $10k
Price spread, last 7 days−0.066%−$7 · spread now +0.034%, 7d avg −0.015%
Together, before fees+0.386%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board+$39 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.049% dearer against Lighter than usual: you sell high and buy low (spread +0.034% now, against its 7-day average of −0.015%): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 18 hours. Mind the row above: over the last 7 days funding on this pair paid +0.452%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter XMR572.510.0320pay 0.0040% / 1h17m 31s$3.1M$5.9M10x
ShortExtended XMR-USD572.700.0104get 0.0013% / 1h17m 31s$3.0M$7.9M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Lighter. 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
−$45.36
Price spread: +0.034% → −0.015%
$4.94
Slippage, 4 orders
−$8.27
Fee Lighter: 0 bp × 2 orders
$0
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$53.69
Costs to cover
0.133%
Break-even
never at this rate
Slippage from Lighter: live order book, 6 min ago; Extended: live order book, 1 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 Lighter live order book, 6 min ago0.27 bp0.3 bp $017.3 bp −$173310.4 bp −$31.0Kdoesn't fit
Sell Extended live order book, 1 min ago1.83 bp6.0 bp −$610.7 bp −$107doesn'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%1h571.67−0.146%$33K150xas long as short
Injective XMR/USDC PERP+0.0033%1h582.55+1.754%$3K$3K12xas long as short
edgeX XMRUSDC+0.0100%4h573.15+0.112%$1.0M$543K10xas long as short
Polymarket Perps XMR-USD+0.0100%1h572.54+0.005%$30K$1.7M5xas long as short
SunX XMR-USDT+0.0100%8h572.510.000%$2K$1.3M20xas long as short
HTX XMR-USDT+0.0100%8h572.95+0.077%$1.1M$1.1M20xas long as short
Extended XMR-USDshort+0.0104%1h572.70+0.034%$3.0M$7.9M25x
Aevo XMR-PERP+0.0208%1h573.06+0.097%$12K3xas long as short
KuCoin XMRUSDTM+0.0293%8h572.55+0.007%$45.3M$18.7M50xas long as short
Lighter XMRlong+0.0320%1h572.51long leg$3.1M$5.9M10x
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit XMRUSDT+0.0445%8h572.76+0.044%$46.4M$51.6M75xas long as short
Backpack XMR_USDC_PERP+0.0447%1h572.57+0.011%$175K$420K20xas long as short
Gate XMR_USDT+0.0483%8h572.32−0.033%$1.6M$2.9M50xas long as short
BingX XMR-USDT+0.0494%8h572.88+0.065%$5.4Mas long as short
Hyperliquid XMR+0.0496%1h572.83+0.056%$87.0M$60.7M5xas long as short
Bitget XMRUSDT+0.0515%8h572.93+0.074%$9.4M$10.6M50xas long as short
MEXC XMR_USDT+0.0518%8h572.83+0.056%$20.2M$11.1M100xas long as short
Binance XMRUSDT+0.0518%8h572.72+0.037%$52.2M$111.8M75xas long as short
Kraken Futures PF_XMRUSD+0.0618%1h572.09−0.073%$5.4M$9.7M50xas long as short
Paradex XMR-USD-PERP+0.0654%8h572.81+0.052%$8K$2K20xas long as short
Aster XMRUSDT+0.0656%8h572.60+0.016%$640K$1.7M75xas long as short
Pacifica XMR+0.0735%1h572.62+0.020%$267K$788K10xas long as short
SoDEX XMR-USD+0.0741%1h573.02+0.089%$435K$3K5xas long as short
dYdX XMR-USD+0.0744%1h571.94−0.100%$104K$29K5xas long as short
BloFin XMR-USDT+0.0835%8h573.39+0.154%$2.7M$10.2M75xas long as short
GRVT XMR_USDT_Perp+0.0848%8h573.31+0.140%$332K$639K10xas long as short
Variational Omni XMR+0.0865%8h571.49−0.177%$6.2M$2.3Mas long as short
Nado XMR-PERP+0.0978%1h572.85+0.060%$1.2M$335K10xas long as short
GMX XMR/USD [WBTC.b-USDC]L +0.1123% / S −0.1459%1h571.95−0.098%$596K100xas long as short
Orderly PERP_XMR_USDC+0.1158%8h572.93+0.074%$40K$451K10xas long as short
Aftermath Perps XMRUSD+0.1963%1h572.77+0.045%$1K$39K10xas long as short