Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0887%/8h= +97.1% APRpaid last 24h +0.265%

Price spread now: BloFin against gTrade (Gains Network)+0.211%110s7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on BloFin

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 for this trade now. Funding pays +$27 a day on $10k at the current rate, and BloFin is 0.211% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 110 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	gTrade (Gains Network) XMR/USD	572.31	L +0.0010% / S −0.0003%	pay 0.0001% / 1h	29m 23s	$37K	—	150x
Short	BloFin XMR-USDT	573.52	0.0897	get 0.0897% / 8h	3h 29m	$2.7M	$11.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BloFinbpOrdersPrice spread, now +0.211%Rate

Funding earned: $186.26
Price spread: +0.211% → 0.000%: $21.11
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: $183.37
Costs to cover: 0.240%
Break-even: 0.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BloFin: live order book, 4 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BloFin live order book, 4 min ago	0.61 bp	11.5 bp −$11	25.9 bp −$259	doesn't fit	doesn't fit

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/USDlong	L +0.0010% / S −0.0003%	1h	572.31	long leg	$37K	—	150x
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.789%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	574.33	+0.353%	$1.0M	$645K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	572.97	+0.115%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	572.01	−0.053%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0216%	1h	573.36	+0.182%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSD	+0.0226%	1h	572.49	+0.031%	$5.4M	$19.4M	50x	as long as short
KuCoin XMRUSDTM	+0.0334%	8h	572.72	+0.071%	$45.0M	$26.3M	50x	as long as short
Gate XMR_USDT	+0.0483%	8h	573.28	+0.169%	$1.6M	$4.5M	50x	as long as short
Bitget XMRUSDT	+0.0523%	8h	573.45	+0.199%	$9.4M	$13.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack XMR_USDC_PERP	+0.0549%	1h	572.98	+0.117%	$169K	$533K	20x	as long as short
MEXC XMR_USDT	+0.0551%	8h	573.41	+0.192%	$19.8M	$14.7M	100x	as long as short
Binance XMRUSDT	+0.0553%	8h	573.37	+0.184%	$52.4M	$163.6M	75x	as long as short
BingX XMR-USDT	+0.0560%	8h	573.51	+0.209%	—	$5.6M	—	as long as short
Lighter XMR	+0.0560%	1h	573.31	+0.175%	$3.1M	$7.5M	10x	as long as short
Bybit XMRUSDT	+0.0611%	8h	573.42	+0.194%	$46.7M	$64.4M	75x	as long as short
Extended XMR-USD	+0.0664%	1h	573.41	+0.191%	$3.1M	$8.3M	25x	as long as short
Pacifica XMR	+0.0682%	1h	573.52	+0.211%	$266K	$1.0M	10x	as long as short
Aster XMRUSDT	+0.0699%	8h	572.68	+0.064%	$634K	$2.3M	75x	as long as short
Polymarket Perps XMR-USD	+0.0757%	1h	573.08	+0.134%	$25K	$2.2M	5x	as long as short
BloFin XMR-USDTshort	+0.0897%	8h	573.52	+0.211%	$2.7M	$11.2M	75x
GRVT XMR_USDT_Perp	+0.0949%	8h	573.69	+0.240%	$337K	$726K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0989% / S −0.1256%	1h	572.02	−0.052%	$589K	—	100x	as long as short
Paradex XMR-USD-PERP	+0.0990%	8h	573.76	+0.253%	$8K	$4K	20x	as long as short
Nado XMR-PERP	+0.1087%	1h	573.53	+0.213%	$1.3M	$458K	10x	as long as short
dYdX XMR-USD	+0.1088%	1h	572.17	−0.025%	$104K	$44K	5x	as long as short
Variational Omni XMR	+0.1120%	8h	574.77	+0.430%	$6.4M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1126%	8h	573.12	+0.141%	$40K	$735K	10x	as long as short
Hyperliquid XMR	+0.1243%	1h	573.27	+0.167%	$86.3M	$71.3M	5x	as long as short
SoDEX XMR-USD	+0.1412%	1h	573.49	+0.206%	$436K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.1945%	1h	573.31	+0.174%	$1K	$43K	10x	as long as short