Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0432%/8h= +47.3% APRpaid last 24h +0.157%

Price spread now: GMX against BloFin−0.240%129s7-day average −0.201% · you buy dearer than you sell

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

Long on BloFin Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.221%+$22 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.240%, 7d avg −0.201%

Together, before fees+0.229%+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.039% cheaper against BloFin than usual: you would sell low and buy high (spread −0.240% now, against its 7-day average of −0.201%). If the spread goes back, that is −$4 on $10k: about 7 hours of funding at the current rate (+$13 a day). At the pace of the last 3 days (+0.221% in total) that is about 15 hours. The two prices were read 129 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	574.20	0.1050	pay 0.1050% / 8h	1h 32m	$2.7M	$10.8M	75x
Short	GMX XMR/USD [WBTC.b-USDC]	572.82	L +0.1127% / S −0.1482%	get 0.0185% / 1h	32m 40s	$594K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.240%Rate

Funding earned: $90.69
Price spread: −0.240% → −0.201%: −$3.89
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $62.8
Costs to cover: 0.240%
Break-even: 2.2 days

Slippage unknown: BloFin: live order book, 6 min ago; GMX: 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	0.26 bp	11.4 bp −$11	28.4 bp −$284	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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 −0.0004%	1h	573.30	−0.156%	$32K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.454%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	572.48	−0.300%	$1.0M	$633K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	573.82	−0.066%	$2K	$1.6M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	572.77	−0.249%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0240%	1h	573.82	−0.066%	$12K	—	3x	as long as short
Lighter XMR	+0.0304%	1h	574.27	+0.013%	$3.1M	$6.2M	10x	as long as short
KuCoin XMRUSDTM	+0.0317%	8h	573.71	−0.085%	$45.2M	$23.6M	50x	as long as short
Extended XMR-USD	+0.0368%	1h	574.11	−0.016%	$3.0M	$8.4M	25x	as long as short
Polymarket Perps XMR-USD	+0.0514%	1h	574.07	−0.023%	$22K	$2.0M	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0589%	8h	574.76	+0.098%	$9.5M	$12.0M	50x	as long as short
BingX XMR-USDT	+0.0618%	8h	574.27	+0.012%	—	$5.4M	—	as long as short
Kraken Futures PF_XMRUSD	+0.0633%	1h	573.47	−0.128%	$5.4M	$16.8M	50x	as long as short
Binance XMRUSDT	+0.0635%	8h	574.16	−0.007%	$52.3M	$139.1M	75x	as long as short
MEXC XMR_USDT	+0.0636%	8h	574.37	+0.030%	$20.0M	$14.4M	100x	as long as short
Bybit XMRUSDT	+0.0643%	8h	574.10	−0.017%	$46.5M	$60.3M	75x	as long as short
Gate XMR_USDT	+0.0658%	8h	573.28	−0.160%	$1.5M	$3.3M	50x	as long as short
dYdX XMR-USD	+0.0749%	1h	573.33	−0.152%	$104K	$43K	5x	as long as short
Aster XMRUSDT	+0.0793%	8h	574.00	−0.035%	$635K	$2.0M	75x	as long as short
Backpack XMR_USDC_PERP	+0.0817%	1h	574.11	−0.016%	$174K	$524K	20x	as long as short
Paradex XMR-USD-PERP	+0.0836%	8h	574.04	−0.027%	$8K	$3K	20x	as long as short
Hyperliquid XMR	+0.0837%	1h	574.39	+0.033%	$87.0M	$65.8M	5x	as long as short
SoDEX XMR-USD	+0.0990%	1h	574.47	+0.047%	$437K	$3K	5x	as long as short
GRVT XMR_USDT_Perp	+0.0990%	8h	572.20	−0.349%	$341K	$711K	10x	as long as short
Pacifica XMR	+0.1002%	1h	573.93	−0.047%	$265K	$927K	10x	as long as short
Nado XMR-PERP	+0.1014%	1h	573.96	−0.043%	$1.3M	$445K	10x	as long as short
BloFin XMR-USDTlong	+0.1050%	8h	574.20	long leg	$2.7M	$10.8M	75x
Variational Omni XMR	+0.1113%	8h	572.30	−0.330%	$6.2M	$2.4M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]short	L +0.1127% / S −0.1482%	1h	572.82	−0.240%	$594K	—	100x
Orderly PERP_XMR_USDC	+0.1186%	8h	574.29	+0.016%	$40K	$588K	10x	as long as short
Aftermath Perps XMRUSD	+0.1937%	1h	573.51	−0.120%	$1K	$41K	10x	as long as short