Settings8H · net · $10k
Funding arb · Price arb /

XMR

all XMR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0288%/8h= +31.5% APRnext payment +$2.88 per $10,000 · paid last 24h +0.166%
Price spread now: BloFin against Bybit+0.065%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs+$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$480.481% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.587%+$59 on $10k
Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.065%, 7d avg +0.026%
Together, before fees+0.579%+$58 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and BloFin is 0.039% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.026%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit XMRUSDT571.750.0713pay 0.0713% / 8h2h 36m$46.3M$64.3M75x
ShortBloFin XMR-USDT572.120.1001get 0.1001% / 8h2h 36m$2.7M$11.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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

Funding earned
$60.41
Price spread: +0.065% → +0.026%
$3.91
Slippage, 4 orders
−$25.08
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BloFin: 6 bp × 2 orders
−$12
Net
$16.24
Costs to cover
0.481%
Break-even
5.1 days
Slippage from Bybit: live order book, 7 min ago; BloFin: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 7 min ago1.31 bp11.7 bp −$1221.3 bp −$213doesn't fitdoesn't fit
Sell BloFin live order book, 2 min ago2.80 bp15.5 bp −$1523.4 bp −$234doesn't fitdoesn't fit

XMR on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) XMR/USDL +0.0010% / S −0.0003%1h570.42−0.232%$37K150xas long as short
Injective XMR/USDC PERP+0.0033%1h582.55+1.889%$3K$3K12xas long as short
edgeX XMRUSDC+0.0100%4h570.25−0.263%$1.0M$643K10xas long as short
SunX XMR-USDT+0.0100%8h571.19−0.098%$2K$1.9M20xas long as short
HTX XMR-USDT+0.0100%8h570.82−0.163%$1.1M$1.6M20xas long as short
Aevo XMR-PERP+0.0232%1h571.99+0.041%$12K3xas long as short
KuCoin XMRUSDTM+0.0299%8h570.96−0.138%$44.8M$26.2M50xas long as short
dYdX XMR-USD+0.0560%1h570.13−0.284%$103K$44K5xas long as short
Bitget XMRUSDT+0.0568%8h571.56−0.033%$9.4M$13.3M50xas long as short
MEXC XMR_USDT+0.0608%8h571.89+0.024%$19.7M$14.6M100xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance XMRUSDT+0.0609%8h572.06+0.055%$52.4M$161.4M75xas long as short
Gate XMR_USDT+0.0619%8h570.66−0.191%$1.5M$4.3M50xas long as short
BingX XMR-USDT+0.0672%8h571.96+0.037%$5.7Mas long as short
Bybit XMRUSDTlong+0.0713%8h571.75long leg$46.3M$64.3M75x
Polymarket Perps XMR-USD+0.0746%1h571.42−0.058%$28K$2.2M5xas long as short
Kraken Futures PF_XMRUSD+0.0750%1h570.76−0.173%$5.4M$19.1M50xas long as short
Extended XMR-USD+0.0752%1h571.66−0.015%$3.0M$8.2M25xas long as short
Aster XMRUSDT+0.0754%8h571.67−0.014%$641K$2.2M75xas long as short
Pacifica XMR+0.0912%1h571.77+0.004%$265K$1.0M10xas long as short
Paradex XMR-USD-PERP+0.0915%8h571.47−0.050%$8K$4K20xas long as short
GRVT XMR_USDT_Perp+0.0998%8h570.89−0.150%$330K$728K10xas long as short
BloFin XMR-USDTshort+0.1001%8h572.12+0.065%$2.7M$11.2M75x
Lighter XMR+0.1008%1h571.68−0.013%$3.1M$7.5M10xas long as short
GMX XMR/USD [WBTC.b-USDC]L +0.1037% / S −0.1358%1h570.21−0.269%$590K100xas long as short
Orderly PERP_XMR_USDC+0.1184%8h571.66−0.016%$40K$713K10xas long as short
Variational Omni XMR+0.1192%8h570.33−0.249%$6.3M$2.3Mas long as short
Hyperliquid XMR+0.1209%1h571.90+0.026%$86.2M$70.9M5xas long as short
Backpack XMR_USDC_PERP+0.1328%1h571.44−0.054%$168K$532K20xas long as short
SoDEX XMR-USD+0.1341%1h571.74−0.002%$435K$3K5xas long as short
Nado XMR-PERP+0.1398%1h571.73−0.003%$1.3M$455K10xas long as short
Aftermath Perps XMRUSD+0.2099%1h571.03−0.126%$1K$43K10xas long as short