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

XMR

all XMR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0135%/8h= +14.7% APRnext payment +$1.35 per $10,000 · paid last 24h +0.066%
Price spread now: BloFin against Binance+0.065%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$550.552% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.341%+$34 on $10k
Price spread, last 3 days (all we have)−0.017%−$2 · spread now +0.065%, 7d avg +0.029%
Together, before fees+0.324%+$32 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.036% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.029%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance XMRUSDT594.660.0326pay 0.0326% / 8h1h 34m$54.6M$162.8M75x
ShortBloFin XMR-USDT595.050.0460get 0.0460% / 8h1h 34m$2.8M$11.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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
$28.26
Price spread: +0.065% → +0.029%
$3.6
Slippage, 4 orders
−$33.19
Fee Binance: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$23.34
Costs to cover
0.552%
Break-even
12.8 days
Slippage from Binance: live order book, 9 min ago; BloFin: live order book, 4 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 Binance live order book, 9 min ago0.08 bp12.8 bp −$1324.5 bp −$245doesn't fitdoesn't fit
Sell BloFin live order book, 4 min ago0.67 bp18.3 bp −$1827.6 bp −$276doesn'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 −0.0009%1h593.93−0.123%$44K150xas long as short
Bybit XMRUSDT+0.0100%8h594.19−0.079%$48.1M$61.5M75xas long as short
edgeX XMRUSDC+0.0100%4h596.83+0.365%$1.1M$664K10xas long as short
SunX XMR-USDT+0.0100%8h593.84−0.138%$2K$1.9M20xas long as short
Aevo XMR-PERP+0.0160%1h593.99−0.114%$12K3xas long as short
Variational Omni XMR+0.0259%8h597.65+0.502%$6.9M$2.7Mas long as short
Binance XMRUSDTlong+0.0326%8h594.66long leg$54.6M$162.8M75x
MEXC XMR_USDT+0.0327%8h594.84+0.030%$22.3M$15.0M100xas long as short
BingX XMR-USDT+0.0377%8h594.61−0.009%$5.7Mas long as short
Kraken Futures PF_XMRUSD+0.0384%1h593.19−0.248%$5.6M$20.4M50xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica XMR+0.0387%1h594.68+0.004%$270K$1.0M10xas long as short
Bitget XMRUSDT+0.0398%8h594.58−0.014%$9.9M$14.2M50xas long as short
BloFin XMR-USDTshort+0.0460%8h595.05+0.065%$2.8M$11.5M75x
Gate XMR_USDT+0.0519%8h593.85−0.137%$1.6M$4.5M50xas long as short
Aster XMRUSDT+0.0529%8h595.00+0.057%$672K$2.3M75xas long as short
KuCoin XMRUSDTM+0.0534%8h593.98−0.115%$48.6M$25.8M50xas long as short
GRVT XMR_USDT_Perp+0.0596%8h597.71+0.512%$355K$785K10xas long as short
Lighter XMR+0.0688%1h594.43−0.039%$3.4M$6.7M10xas long as short
Injective XMR/USDC PERP+0.0695%1h591.89−0.466%$3K$6K12xas long as short
GMX XMR/USD [WBTC.b-USDC]L +0.0823% / S −0.1341%1h594.07−0.099%$341K100xas long as short
Polymarket Perps XMR-USD+0.0825%1h597.32+0.447%$23K$1.8M5xas long as short
Paradex XMR-USD-PERP+0.0840%8h594.50−0.027%$8K$4K20xas long as short
SoDEX XMR-USD+0.0864%1h594.61−0.009%$452K$3K5xas long as short
Orderly PERP_XMR_USDC+0.0927%8h594.92+0.043%$49K$720K10xas long as short
Backpack XMR_USDC_PERP+0.1008%1h594.06−0.101%$202K$575K20xas long as short
dYdX XMR-USD+0.1461%1h593.17−0.251%$108K$50K5xas long as short
Nado XMR-PERP+0.1506%1h596.88+0.374%$1.3M$480K10xas long as short
Extended XMR-USD+0.1816%1h594.38−0.047%$3.1M$6.8M25xas long as short
Hyperliquid XMR+0.1966%1h595.00+0.056%$88.0M$68.1M5xas long as short
HTX XMR-USDT+0.2085%8h593.81−0.143%$1.1M$1.5M20xas long as short
Aftermath Perps XMRUSD+0.2467%1h597.06+0.403%$2K$47K10xas long as short