Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0791%/8h= −86.6% APRpaid last 24h −0.194%

Price spread now: Injective against BloFin+1.276%7-day average — · you sell dearer than you buy

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

Long on BloFin 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 1.276% dearer against BloFin than usual: you sell high and buy low (spread +1.276% now, against zero (this spread has no 7-day history yet)): +$128 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 5.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XMR-USDT	575.21	0.0824	pay 0.0824% / 8h	3h 56m	$2.7M	$11.2M	75x
Short	Injective XMR/USDC PERP	582.55	0.0033	get 0.0004% / 1h	56m 33s	$3K	$3K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.276%Rate

Funding earned: −$166.12
Price spread: +1.276% → 0.000%: $127.61
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$50.54
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: live order book, 2 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 BloFin live order book, 2 min ago	0.09 bp	11.1 bp −$11	23.7 bp −$237	doesn't fit	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	574.11	−0.191%	$50K	—	150x	as long as short
Injective XMR/USDC PERPshort	+0.0033%	1h	582.55	+1.276%	$3K	$3K	12x
edgeX XMRUSDC	+0.0100%	4h	576.01	+0.139%	$1.0M	$644K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	575.13	−0.014%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	574.45	−0.132%	$1.1M	$1.6M	20x	as long as short
Lighter XMR	+0.0192%	1h	574.85	−0.063%	$3.2M	$7.5M	10x	as long as short
Aevo XMR-PERP	+0.0208%	1h	575.33	+0.021%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSD	+0.0225%	1h	573.67	−0.267%	$5.4M	$19.4M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0357%	1h	574.66	−0.096%	$169K	$534K	20x	as long as short
KuCoin XMRUSDTM	+0.0385%	8h	574.02	−0.207%	$44.9M	$26.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XMR_USDT	+0.0447%	8h	574.66	−0.096%	$1.6M	$4.5M	50x	as long as short
Bybit XMRUSDT	+0.0482%	8h	574.78	−0.075%	$46.8M	$64.4M	75x	as long as short
BingX XMR-USDT	+0.0487%	8h	575.02	−0.033%	—	$5.6M	—	as long as short
Polymarket Perps XMR-USD	+0.0503%	1h	575.01	−0.035%	$25K	$2.1M	5x	as long as short
Bitget XMRUSDT	+0.0511%	8h	574.98	−0.040%	$9.4M	$13.7M	50x	as long as short
MEXC XMR_USDT	+0.0513%	8h	574.91	−0.052%	$20.2M	$14.7M	100x	as long as short
Binance XMRUSDT	+0.0514%	8h	574.72	−0.085%	$52.6M	$164.2M	75x	as long as short
dYdX XMR-USD	+0.0620%	1h	574.43	−0.135%	$104K	$44K	5x	as long as short
Pacifica XMR	+0.0682%	1h	574.86	−0.061%	$265K	$1.0M	10x	as long as short
Aster XMRUSDT	+0.0682%	8h	574.93	−0.049%	$637K	$2.3M	75x	as long as short
Extended XMR-USD	+0.0728%	1h	574.72	−0.086%	$3.1M	$8.4M	25x	as long as short
BloFin XMR-USDTlong	+0.0824%	8h	575.21	long leg	$2.7M	$11.2M	75x
GRVT XMR_USDT_Perp	+0.0902%	8h	575.97	+0.132%	$345K	$721K	10x	as long as short
Paradex XMR-USD-PERP	+0.0925%	8h	574.86	−0.061%	$8K	$4K	20x	as long as short
Nado XMR-PERP	+0.0934%	1h	575.77	+0.097%	$1.3M	$460K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0989% / S −0.1254%	1h	573.88	−0.231%	$591K	—	100x	as long as short
Hyperliquid XMR	+0.1027%	1h	574.95	−0.045%	$86.5M	$71.2M	5x	as long as short
Variational Omni XMR	+0.1050%	8h	576.81	+0.279%	$6.6M	$2.2M	—	as long as short
SoDEX XMR-USD	+0.1095%	1h	575.22	+0.002%	$437K	$3K	5x	as long as short
Orderly PERP_XMR_USDC	+0.1126%	8h	575.12	−0.016%	$40K	$735K	10x	as long as short
Aftermath Perps XMRUSD	+0.1931%	1h	575.40	+0.034%	$1K	$44K	10x	as long as short