Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0274%/8h= −30.0% APRpaid last 24h −0.083%

Price spread now: BloFin against GMX+0.134%51s7-day average +0.200% · you sell dearer than you buy

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

Long on GMX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.104%−$10 on $10k

Price spread, last 4 days (all we have)+0.102%+$10 · spread now +0.134%, 7d avg +0.200%

Together, before fees−0.002%$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and BloFin is 0.065% cheaper against GMX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.200%). Swap the legs. The two prices were read 51 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	GMX XMR/USD [WBTC.b-USDC]	572.67	L +0.1077% / S −0.1372%	pay 0.0135% / 1h	53m 25s	$596K	—	100x
Short	BloFin XMR-USDT	573.44	0.0804	get 0.0804% / 8h	7h 53m	$2.7M	$10.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against GMX. 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 GMXbpFee BloFinbpOrdersPrice spread, now +0.134%Rate

Funding earned: −$57.45
Price spread: +0.134% → +0.200%: −$6.55
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$88
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; BloFin: live order book, 5 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 GMX no order-book sample	—	—	—	—	—
Sell BloFin live order book, 5 min ago	0.17 bp	13.1 bp −$13	24.4 bp −$244	doesn't fit	doesn't fit

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 −0.0005%	1h	572.57	−0.017%	$34K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.725%	$3K	$3K	12x	as long as short
Gate XMR_USDT	+0.0100%	8h	573.06	+0.068%	$1.6M	$2.6M	50x	as long as short
edgeX XMRUSDC	+0.0100%	4h	573.27	+0.104%	$1.0M	$542K	10x	as long as short
Polymarket Perps XMR-USD	+0.0100%	1h	572.60	−0.012%	$30K	$1.7M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	573.37	+0.122%	$2K	$1.2M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	573.73	+0.185%	$1.1M	$1.1M	20x	as long as short
Bybit XMRUSDT	+0.0101%	8h	573.28	+0.107%	$46.5M	$49.5M	75x	as long as short
Aevo XMR-PERP	+0.0200%	1h	573.79	+0.196%	$12K	—	3x	as long as short
Extended XMR-USD	+0.0232%	1h	573.24	+0.100%	$3.0M	$7.7M	25x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XMRUSDTM	+0.0340%	8h	573.08	+0.072%	$45.3M	$17.8M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0371%	1h	572.74	+0.012%	$5.4M	$9.3M	50x	as long as short
Binance XMRUSDT	+0.0494%	8h	573.50	+0.145%	$52.4M	$105.9M	75x	as long as short
MEXC XMR_USDT	+0.0497%	8h	573.52	+0.148%	$20.2M	$9.6M	100x	as long as short
Bitget XMRUSDT	+0.0532%	8h	573.56	+0.155%	$9.4M	$10.1M	50x	as long as short
Pacifica XMR	+0.0550%	1h	573.53	+0.151%	$268K	$757K	10x	as long as short
BingX XMR-USDT	+0.0560%	8h	573.52	+0.148%	—	$5.2M	—	as long as short
Aster XMRUSDT	+0.0625%	8h	573.40	+0.128%	$641K	$1.6M	75x	as long as short
Hyperliquid XMR	+0.0631%	1h	573.63	+0.169%	$87.0M	$58.7M	5x	as long as short
Lighter XMR	+0.0648%	1h	573.47	+0.140%	$3.1M	$5.5M	10x	as long as short
Paradex XMR-USD-PERP	+0.0682%	8h	573.39	+0.125%	$8K	$2K	20x	as long as short
GRVT XMR_USDT_Perp	+0.0686%	8h	574.22	+0.270%	$343K	$623K	10x	as long as short
BloFin XMR-USDTshort	+0.0804%	8h	573.44	+0.134%	$2.7M	$10.0M	75x
Variational Omni XMR	+0.0826%	8h	574.08	+0.246%	$6.2M	$2.3M	—	as long as short
Nado XMR-PERP	+0.0832%	1h	573.68	+0.177%	$1.3M	$318K	10x	as long as short
SoDEX XMR-USD	+0.0869%	1h	573.62	+0.166%	$436K	$3K	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]long	L +0.1077% / S −0.1372%	1h	572.67	long leg	$596K	—	100x
Orderly PERP_XMR_USDC	+0.1116%	8h	573.69	+0.178%	$40K	$434K	10x	as long as short
Backpack XMR_USDC_PERP	+0.1122%	1h	573.32	+0.114%	$136K	$431K	20x	as long as short
dYdX XMR-USD	+0.1260%	1h	572.58	−0.015%	$104K	$29K	5x	as long as short
Aftermath Perps XMRUSD	+0.2107%	1h	573.01	+0.059%	$1K	$39K	10x	as long as short