Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0527%/8h= −57.7% APRpaid last 24h −0.153%

Price spread now: Injective against BingX+1.343%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 1.343% dearer against BingX than usual: you sell high and buy low (spread +1.343% now, against zero (this spread has no 7-day history yet)): +$134 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 8.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX XMR-USDT	574.83	0.0560	pay 0.0560% / 8h	3h 31m	—	$5.6M	—
Short	Injective XMR/USDC PERP	582.55	0.0033	get 0.0004% / 1h	31m 23s	$3K	$3K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BingX. 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 BingXbpFee InjectivebpOrdersPrice spread, now +1.343%Rate

Funding earned: −$110.6
Price spread: +1.343% → 0.000%: $134.3
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $13.68
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: BingX: live order book, 4 min ago; Injective: no order-book sample. Net counts fees only.

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 BingX live order book, 4 min ago	0.61 bp	12.8 bp −$13	22.4 bp −$224	126.2 bp −$12.6K	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0008%	1h	572.95	−0.327%	$50K	—	150x	as long as short
Injective XMR/USDC PERPshort	+0.0033%	1h	582.55	+1.343%	$3K	$3K	12x
edgeX XMRUSDC	+0.0100%	4h	573.45	−0.240%	$1.0M	$645K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	574.10	−0.127%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	572.01	−0.491%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0216%	1h	573.98	−0.148%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSD	+0.0225%	1h	573.28	−0.269%	$5.4M	$19.4M	50x	as long as short
KuCoin XMRUSDTM	+0.0341%	8h	573.32	−0.263%	$44.9M	$26.3M	50x	as long as short
Gate XMR_USDT	+0.0478%	8h	573.86	−0.169%	$1.6M	$4.5M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0505%	1h	573.17	−0.289%	$169K	$533K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0523%	8h	574.12	−0.124%	$9.4M	$13.5M	50x	as long as short
Lighter XMR	+0.0528%	1h	573.53	−0.225%	$3.1M	$7.5M	10x	as long as short
MEXC XMR_USDT	+0.0546%	8h	574.48	−0.061%	$19.9M	$14.7M	100x	as long as short
Binance XMRUSDT	+0.0549%	8h	574.40	−0.075%	$52.5M	$163.5M	75x	as long as short
BingX XMR-USDTlong	+0.0560%	8h	574.83	long leg	—	$5.6M	—
Bybit XMRUSDT	+0.0605%	8h	574.51	−0.056%	$46.8M	$64.4M	75x	as long as short
Extended XMR-USD	+0.0664%	1h	574.56	−0.048%	$3.1M	$8.3M	25x	as long as short
Pacifica XMR	+0.0682%	1h	573.65	−0.206%	$265K	$1.0M	10x	as long as short
Aster XMRUSDT	+0.0696%	8h	573.86	−0.169%	$636K	$2.3M	75x	as long as short
Polymarket Perps XMR-USD	+0.0766%	1h	574.28	−0.096%	$25K	$2.2M	5x	as long as short
BloFin XMR-USDT	+0.0894%	8h	573.65	−0.205%	$2.7M	$11.2M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0941%	8h	573.82	−0.176%	$337K	$726K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0989% / S −0.1254%	1h	573.05	−0.310%	$590K	—	100x	as long as short
Paradex XMR-USD-PERP	+0.0990%	8h	573.76	−0.186%	$8K	$4K	20x	as long as short
dYdX XMR-USD	+0.1019%	1h	572.31	−0.439%	$104K	$44K	5x	as long as short
Nado XMR-PERP	+0.1092%	1h	574.40	−0.074%	$1.3M	$458K	10x	as long as short
Variational Omni XMR	+0.1103%	8h	573.42	−0.244%	$6.3M	$2.4M	—	as long as short
Orderly PERP_XMR_USDC	+0.1125%	8h	574.25	−0.101%	$40K	$735K	10x	as long as short
Hyperliquid XMR	+0.1253%	1h	574.24	−0.103%	$86.5M	$71.3M	5x	as long as short
SoDEX XMR-USD	+0.1418%	1h	574.66	−0.030%	$437K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.1930%	1h	573.68	−0.200%	$1K	$44K	10x	as long as short