Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0262%/8h= −28.7% APRpaid last 24h +0.106%

Price spread now: Extended against BloFin+0.063%94s7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as 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−$420.417% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.330%+$33 on $10k

Price spread, last 4 days (all we have)−0.226%−$23 · spread now +0.063%, 7d avg −0.038%

Together, before fees+0.104%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.101% dearer against BloFin than usual: you sell high and buy low (spread +0.063% now, against its 7-day average of −0.038%): +$10 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 31 hours. Mind the row above: over the last 7 days funding on this pair paid +0.330%, so the current rate has only just turned against you. The two prices were read 94 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	570.45	0.0958	pay 0.0958% / 8h	2h 55m	$2.7M	$11.1M	75x
Short	Extended XMR-USD	570.81	0.0696	get 0.0087% / 1h	55m 33s	$3.0M	$8.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now +0.063%Rate

Funding earned: −$55.02
Price spread: +0.063% → −0.038%: $10.12
Slippage, 4 orders: −$24.66
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$86.57
Costs to cover: 0.417%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Extended: live order book, 3 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, 3 min ago	0.53 bp	12.9 bp −$13	25.4 bp −$254	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	3.26 bp	8.1 bp −$8	13.7 bp −$137	doesn't fit	doesn't fit

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 −0.0003%	1h	568.82	−0.286%	$37K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+2.121%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	568.63	−0.319%	$1.0M	$645K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	569.87	−0.102%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	569.00	−0.254%	$1.0M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0224%	1h	570.39	−0.011%	$12K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0271%	8h	570.49	+0.007%	$44.9M	$26.5M	50x	as long as short
Bitget XMRUSDT	+0.0550%	8h	571.22	+0.135%	$9.4M	$13.5M	50x	as long as short
Gate XMR_USDT	+0.0574%	8h	570.44	−0.002%	$1.5M	$4.3M	50x	as long as short
MEXC XMR_USDT	+0.0587%	8h	571.25	+0.140%	$19.7M	$14.6M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XMRUSDT	+0.0593%	8h	571.05	+0.105%	$52.3M	$163.5M	75x	as long as short
BingX XMR-USDT	+0.0638%	8h	570.92	+0.082%	—	$5.7M	—	as long as short
Bybit XMRUSDT	+0.0682%	8h	571.06	+0.107%	$46.3M	$64.8M	75x	as long as short
Extended XMR-USDshort	+0.0696%	1h	570.81	+0.063%	$3.0M	$8.4M	25x
Paradex XMR-USD-PERP	+0.0713%	8h	570.64	+0.033%	$8K	$4K	20x	as long as short
Aster XMRUSDT	+0.0737%	8h	569.80	−0.114%	$638K	$2.3M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0752%	1h	569.56	−0.156%	$5.4M	$19.1M	50x	as long as short
Pacifica XMR	+0.0912%	1h	570.91	+0.080%	$264K	$1.0M	10x	as long as short
Lighter XMR	+0.0920%	1h	570.84	+0.068%	$3.1M	$7.5M	10x	as long as short
BloFin XMR-USDTlong	+0.0958%	8h	570.45	long leg	$2.7M	$11.1M	75x
GRVT XMR_USDT_Perp	+0.0972%	8h	568.55	−0.333%	$336K	$720K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1012% / S −0.1311%	1h	568.64	−0.317%	$589K	—	100x	as long as short
Polymarket Perps XMR-USD	+0.1034%	1h	570.08	−0.065%	$28K	$2.2M	5x	as long as short
Orderly PERP_XMR_USDC	+0.1164%	8h	570.46	+0.002%	$40K	$723K	10x	as long as short
Variational Omni XMR	+0.1177%	8h	570.56	+0.018%	$6.3M	$2.3M	—	as long as short
Nado XMR-PERP	+0.1314%	1h	570.07	−0.067%	$1.3M	$458K	10x	as long as short
Hyperliquid XMR	+0.1394%	1h	570.54	+0.016%	$86.0M	$71.4M	5x	as long as short
Backpack XMR_USDC_PERP	+0.1750%	1h	570.27	−0.032%	$168K	$533K	20x	as long as short
SoDEX XMR-USD	+0.1823%	1h	570.67	+0.039%	$434K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.1987%	1h	569.90	−0.096%	$1K	$43K	10x	as long as short
dYdX XMR-USD	+0.2190%	1h	569.05	−0.245%	$103K	$44K	5x	as long as short