Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0692%/8h= −75.7% APRpaid last 24h −0.131%

Price spread now: Injective against GRVT+1.621%7-day average — · you sell dearer than you buy

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

Long on GRVT 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—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. Injective is 1.621% dearer against GRVT than usual: you sell high and buy low (spread +1.621% now, against zero (this spread has no 7-day history yet)): +$162 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 7.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT XMR_USDT_Perp	573.26	0.0725	pay 0.0725% / 8h	7h 39m	$334K	$631K	10x
Short	Injective XMR/USDC PERP	582.55	0.0033	get 0.0004% / 1h	39m 08s	$3K	$3K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against GRVT. 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 GRVTbpFee InjectivebpOrdersPrice spread, now +1.621%Rate

Funding earned: −$145.25
Price spread: +1.621% → 0.000%: $162.09
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $7.82
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: GRVT: live order book, 59 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 GRVT live order book, 59 min ago	1.13 bp	12.3 bp −$12	33205.3 bp −$332.1K	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 −0.0005%	1h	572.02	−0.216%	$34K	—	150x	as long as short
Injective XMR/USDC PERPshort	+0.0033%	1h	582.55	+1.621%	$3K	$3K	12x
edgeX XMRUSDC	+0.0100%	4h	573.34	+0.014%	$1.0M	$537K	10x	as long as short
Polymarket Perps XMR-USD	+0.0100%	1h	572.24	−0.178%	$30K	$1.6M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	572.38	−0.153%	$2K	$1.2M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	572.89	−0.064%	$1.1M	$1.1M	20x	as long as short
Bybit XMRUSDT	+0.0144%	8h	572.88	−0.066%	$46.4M	$49.0M	75x	as long as short
Gate XMR_USDT	+0.0148%	8h	572.80	−0.080%	$1.6M	$2.6M	50x	as long as short
Aevo XMR-PERP	+0.0200%	1h	573.72	+0.081%	$12K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0364%	8h	572.91	−0.061%	$45.3M	$17.6M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XMR	+0.0368%	1h	572.84	−0.072%	$3.0M	$5.5M	10x	as long as short
Kraken Futures PF_XMRUSD	+0.0372%	1h	572.15	−0.194%	$5.4M	$8.7M	50x	as long as short
Extended XMR-USD	+0.0376%	1h	572.94	−0.055%	$3.0M	$7.5M	25x	as long as short
Binance XMRUSDT	+0.0483%	8h	573.62	+0.063%	$52.4M	$103.5M	75x	as long as short
MEXC XMR_USDT	+0.0486%	8h	573.18	−0.014%	$20.1M	$9.7M	100x	as long as short
BingX XMR-USDT	+0.0507%	8h	573.27	+0.002%	—	$5.2M	—	as long as short
Bitget XMRUSDT	+0.0543%	8h	573.44	+0.032%	$9.5M	$10.1M	50x	as long as short
Pacifica XMR	+0.0550%	1h	573.25	−0.001%	$269K	$751K	10x	as long as short
Hyperliquid XMR	+0.0606%	1h	573.00	−0.044%	$86.9M	$58.1M	5x	as long as short
Aster XMRUSDT	+0.0610%	8h	573.13	−0.022%	$646K	$1.6M	75x	as long as short
Paradex XMR-USD-PERP	+0.0662%	8h	573.23	−0.004%	$8K	$2K	20x	as long as short
GRVT XMR_USDT_Perplong	+0.0725%	8h	573.26	long leg	$334K	$631K	10x
BloFin XMR-USDT	+0.0783%	8h	573.08	−0.031%	$2.7M	$9.8M	75x	as long as short
Variational Omni XMR	+0.0796%	8h	573.07	−0.033%	$6.2M	$2.3M	—	as long as short
SoDEX XMR-USD	+0.0949%	1h	573.06	−0.035%	$436K	$4K	5x	as long as short
Nado XMR-PERP	+0.0979%	1h	573.15	−0.019%	$1.2M	$311K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1077% / S −0.1372%	1h	572.15	−0.193%	$596K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1097%	8h	573.03	−0.040%	$40K	$423K	10x	as long as short
Backpack XMR_USDC_PERP	+0.1284%	1h	572.83	−0.075%	$136K	$427K	20x	as long as short
dYdX XMR-USD	+0.1533%	1h	572.10	−0.202%	$104K	$28K	5x	as long as short
Aftermath Perps XMRUSD	+0.2032%	1h	573.06	−0.034%	$1K	$38K	10x	as long as short