Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0449%/8h= −49.2% APRpaid last 24h −0.277%

Price spread now: gTrade (Gains Network) against BloFin−0.095%50s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and gTrade (Gains Network) is 0.095% cheaper against BloFin than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 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	600.40	0.0458	pay 0.0458% / 8h	42m 26s	$2.8M	$11.7M	75x
Short	gTrade (Gains Network) XMR/USD	599.83	L +0.0010% / S −0.0009%	get 0.0001% / 1h	42m 26s	$45K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.095%Rate

Funding earned: −$94.34
Price spread: −0.095% → 0.000%: −$9.53
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$127.87
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 6 min ago; gTrade (Gains Network): 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 BloFin live order book, 6 min ago	3.49 bp	15.2 bp −$15	22.9 bp −$229	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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/USDshort	L +0.0010% / S −0.0009%	1h	599.83	−0.095%	$45K	—	150x
Lighter XMR	+0.0096%	1h	600.31	−0.015%	$3.4M	$6.9M	10x	as long as short
Bybit XMRUSDT	+0.0100%	8h	600.95	+0.092%	$49.2M	$62.9M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	600.66	+0.044%	$1.1M	$667K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	599.98	−0.070%	$2K	$2.0M	20x	as long as short
Aevo XMR-PERP	+0.0160%	1h	600.17	−0.038%	$12K	—	3x	as long as short
Backpack XMR_USDC_PERP	+0.0304%	1h	599.86	−0.090%	$204K	$575K	20x	as long as short
Binance XMRUSDT	+0.0326%	8h	600.49	+0.016%	$55.0M	$164.1M	75x	as long as short
MEXC XMR_USDT	+0.0326%	8h	600.62	+0.037%	$22.4M	$14.9M	100x	as long as short
Variational Omni XMR	+0.0406%	8h	602.08	+0.280%	$6.9M	$2.6M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX XMR-USDT	+0.0408%	8h	600.76	+0.060%	—	$5.7M	—	as long as short
Bitget XMRUSDT	+0.0430%	8h	600.85	+0.075%	$10.0M	$14.3M	50x	as long as short
BloFin XMR-USDTlong	+0.0458%	8h	600.40	long leg	$2.8M	$11.7M	75x
Kraken Futures PF_XMRUSD	+0.0459%	1h	599.43	−0.162%	$5.7M	$20.5M	50x	as long as short
Gate XMR_USDT	+0.0512%	8h	600.14	−0.043%	$1.7M	$4.6M	50x	as long as short
Pacifica XMR	+0.0565%	1h	600.51	+0.019%	$282K	$1.1M	10x	as long as short
KuCoin XMRUSDTM	+0.0572%	8h	600.32	−0.013%	$49.0M	$26.0M	50x	as long as short
Aster XMRUSDT	+0.0589%	8h	600.84	+0.073%	$692K	$2.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0604%	8h	600.70	+0.051%	$352K	$794K	10x	as long as short
Polymarket Perps XMR-USD	+0.0699%	1h	600.87	+0.078%	$23K	$1.8M	5x	as long as short
SoDEX XMR-USD	+0.0774%	1h	600.55	+0.025%	$456K	$3K	5x	as long as short
Paradex XMR-USD-PERP	+0.0858%	8h	600.45	+0.009%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0888% / S −0.2517%	1h	599.77	−0.105%	$570K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0943%	8h	600.30	−0.017%	$44K	$729K	10x	as long as short
Nado XMR-PERP	+0.1139%	1h	600.35	−0.009%	$1.3M	$475K	10x	as long as short
Injective XMR/USDC PERP	+0.1312%	1h	596.76	−0.606%	$3K	$6K	12x	as long as short
Hyperliquid XMR	+0.1646%	1h	601.37	+0.162%	$90.6M	$70.3M	5x	as long as short
Extended XMR-USD	+0.1784%	1h	600.49	+0.015%	$3.2M	$6.9M	25x	as long as short
HTX XMR-USDT	+0.1992%	8h	600.71	+0.052%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2322%	1h	600.78	+0.064%	$2K	$47K	10x	as long as short
dYdX XMR-USD	+0.2654%	1h	599.72	−0.113%	$109K	$50K	5x	as long as short