Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0450%/8h= −49.3% APRpaid last 24h +0.165%

Price spread now: dYdX against BloFin−0.205%92s7-day average −0.219% · you buy dearer than you sell

Net, funding: paid 7d − costs−$255as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2982.977% of the position

Long on BloFin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.423%+$42 on $10k

Price spread, last 4 days (all we have)−0.304%−$30 · spread now −0.205%, 7d avg −0.219%

Together, before fees+0.119%+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.219%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.423%, so the current rate has only just turned against you. The two prices were read 92 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XMR-USDT	583.47	0.0792	pay 0.0792% / 8h	5h 33m	$2.7M	$11.4M	75x
Short	dYdX XMR-USD	582.27	0.0342	get 0.0043% / 1h	33m 32s	$105K	$50K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against BloFin. 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 BloFinbpFee dYdXbpOrdersPrice spread, now −0.205%Rate

Funding earned: −$94.47
Price spread: −0.205% → −0.219%: $1.38
Slippage, 4 orders: −$275.68
Fee BloFin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$390.77
Costs to cover: 2.977%
Break-even: never at this rate

Slippage from BloFin: live order book, 10 min ago; dYdX: live order book, 30 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 BloFin live order book, 10 min ago	0.34 bp	9.1 bp −$9	17.8 bp −$178	doesn't fit	doesn't fit
Sell dYdX live order book, 30 min ago	74.57 bp	189.4 bp −$189	201.1 bp −$2,011	319.5 bp −$32.0K	722.3 bp −$361.2K

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 −0.0010%	1h	581.87	−0.275%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	−0.158%	$3K	$6K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	583.16	−0.053%	$1.0M	$658K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	582.32	−0.197%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	582.76	−0.122%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	582.56	−0.155%	$12K	—	3x	as long as short
dYdX XMR-USDshort	+0.0342%	1h	582.27	−0.205%	$105K	$50K	5x
Polymarket Perps XMR-USD	+0.0464%	1h	582.59	−0.151%	$31K	$2.1M	5x	as long as short
MEXC XMR_USDT	+0.0518%	8h	583.16	−0.053%	$20.6M	$15.2M	100x	as long as short
Binance XMRUSDT	+0.0519%	8h	583.32	−0.025%	$53.1M	$166.9M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XMR	+0.0552%	1h	582.78	−0.118%	$3.3M	$7.1M	10x	as long as short
Gate XMR_USDT	+0.0585%	8h	582.22	−0.214%	$1.6M	$4.5M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0595%	1h	582.63	−0.144%	$171K	$539K	20x	as long as short
Bitget XMRUSDT	+0.0610%	8h	583.19	−0.048%	$9.6M	$14.2M	50x	as long as short
BingX XMR-USDT	+0.0620%	8h	583.12	−0.060%	—	$5.7M	—	as long as short
Bybit XMRUSDT	+0.0631%	8h	583.32	−0.026%	$47.4M	$64.8M	75x	as long as short
Aster XMRUSDT	+0.0713%	8h	583.00	−0.080%	$648K	$2.4M	75x	as long as short
KuCoin XMRUSDTM	+0.0772%	8h	582.44	−0.177%	$47.9M	$26.1M	50x	as long as short
BloFin XMR-USDTlong	+0.0792%	8h	583.47	long leg	$2.7M	$11.4M	75x
Kraken Futures PF_XMRUSD	+0.0959%	1h	581.51	−0.335%	$5.5M	$20.0M	50x	as long as short
Paradex XMR-USD-PERP	+0.0980%	8h	583.05	−0.072%	$8K	$4K	20x	as long as short
Nado XMR-PERP	+0.0985%	1h	583.15	−0.054%	$1.3M	$464K	10x	as long as short
GRVT XMR_USDT_Perp	+0.0996%	8h	583.65	+0.031%	$345K	$766K	10x	as long as short
Pacifica XMR	+0.0996%	1h	583.14	−0.056%	$264K	$1.1M	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1017% / S −0.1353%	1h	581.71	−0.302%	$649K	—	100x	as long as short
Variational Omni XMR	+0.1083%	8h	582.84	−0.108%	$6.6M	$2.4M	—	as long as short
Orderly PERP_XMR_USDC	+0.1098%	8h	583.06	−0.070%	$42K	$736K	10x	as long as short
Hyperliquid XMR	+0.1138%	1h	582.99	−0.082%	$87.6M	$71.6M	5x	as long as short
Extended XMR-USD	+0.1288%	1h	583.14	−0.057%	$3.1M	$8.0M	25x	as long as short
SoDEX XMR-USD	+0.1326%	1h	583.18	−0.050%	$443K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.2578%	1h	582.71	−0.131%	$2K	$46K	10x	as long as short