Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1078%/8h= +118.0% APRpaid last 24h +0.138%

Price spread now: BingX against Injective−1.557%7-day average — · you buy dearer than you sell

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

Long on Injective Short on BingX

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

Funding pays, the price is against you. BingX is 1.557% cheaper against Injective than usual: you would sell low and buy high (spread −1.557% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$156 on $10k: about 4.8 days of funding at the current rate (+$32 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XMR/USDC PERP	596.76	0.0033	pay 0.0004% / 1h	16m 40s	$3K	$4K	12x
Short	BingX XMR-USDT	587.47	0.1111	get 0.1111% / 8h	7h 16m	—	$5.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Injective. 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 InjectivebpFee BingXbpOrdersPrice spread, now −1.557%Rate

Funding earned: $226.31
Price spread: −1.557% → 0.000%: −$155.67
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BingX: 5 bp × 2 orders: −$10
Net: $60.62
Costs to cover: 0.100%
Break-even: 5.1 days

Slippage unknown: Injective: no order-book sample; BingX: 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 Injective no order-book sample	—	—	—	—	—
Sell BingX live order book, 4 min ago	0.68 bp	14.5 bp −$15	27.6 bp −$276	73.7 bp −$7,367	469.6 bp −$234.8K

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 −0.0009%	1h	586.44	−1.729%	$45K	—	150x	as long as short
Injective XMR/USDC PERPlong	+0.0033%	1h	596.76	long leg	$3K	$4K	12x
dYdX XMR-USD	+0.0075%	1h	585.25	−1.929%	$106K	$50K	5x	as long as short
edgeX XMRUSDC	+0.0100%	4h	590.84	−0.993%	$1.0M	$661K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	587.44	−1.562%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	586.66	−1.692%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0184%	1h	587.57	−1.540%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0424%	8h	587.00	−1.635%	$21.3M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0425%	8h	587.27	−1.590%	$53.6M	$167.1M	75x	as long as short
Bitget XMRUSDT	+0.0550%	8h	586.41	−1.734%	$9.6M	$14.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XMRUSDT	+0.0617%	8h	586.59	−1.705%	$652K	$2.5M	75x	as long as short
BloFin XMR-USDT	+0.0618%	8h	587.74	−1.511%	$2.7M	$11.5M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0648%	1h	586.97	−1.641%	$5.6M	$20.5M	50x	as long as short
Pacifica XMR	+0.0659%	1h	587.29	−1.587%	$278K	$1.1M	10x	as long as short
KuCoin XMRUSDTM	+0.0701%	8h	584.68	−2.024%	$48.0M	$26.1M	50x	as long as short
Gate XMR_USDT	+0.0736%	8h	586.43	−1.731%	$1.6M	$4.6M	50x	as long as short
Variational Omni XMR	+0.0867%	8h	591.04	−0.959%	$6.8M	$2.6M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0869% / S −0.2458%	1h	586.50	−1.719%	$547K	—	100x	as long as short
GRVT XMR_USDT_Perp	+0.0967%	8h	591.60	−0.865%	$350K	$792K	10x	as long as short
Backpack XMR_USDC_PERP	+0.0968%	1h	587.54	−1.545%	$184K	$535K	20x	as long as short
Orderly PERP_XMR_USDC	+0.1040%	8h	587.62	−1.532%	$42K	$739K	10x	as long as short
BingX XMR-USDTshort	+0.1111%	8h	587.47	−1.557%	—	$5.8M	—
Polymarket Perps XMR-USD	+0.1120%	1h	587.54	−1.545%	$47K	$1.9M	5x	as long as short
Bybit XMRUSDT	+0.1160%	8h	586.99	−1.637%	$47.3M	$64.8M	75x	as long as short
SoDEX XMR-USD	+0.1198%	1h	587.73	−1.513%	$447K	$3K	5x	as long as short
Lighter XMR	+0.1208%	1h	586.83	−1.664%	$3.3M	$7.2M	10x	as long as short
Paradex XMR-USD-PERP	+0.1267%	8h	586.59	−1.704%	$8K	$4K	20x	as long as short
Nado XMR-PERP	+0.1411%	1h	587.42	−1.566%	$1.3M	$466K	10x	as long as short
Hyperliquid XMR	+0.1965%	1h	587.30	−1.586%	$89.2M	$73.0M	5x	as long as short
Extended XMR-USD	+0.2472%	1h	587.22	−1.599%	$3.1M	$8.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2647%	1h	588.82	−1.330%	$1K	$46K	10x	as long as short