Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0280%/8h= −30.6% APRpaid last 24h +0.117%

Price spread now: Bitget against Injective+0.137%7-day average — · you sell dearer than you buy

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

Long on Injective Short on Bitget

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

The price spread pays, funding is against you. Bitget is 0.137% dearer against Injective than usual: you sell high and buy low (spread +0.137% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XMR/USDC PERP	596.76	0.0695	pay 0.0087% / 1h	23m 22s	$3K	$6K	12x
Short	Bitget XMRUSDT	597.58	0.0415	get 0.0415% / 8h	1h 23m	$10.0M	$14.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.137%Rate

Funding earned: −$58.77
Price spread: +0.137% → 0.000%: $13.74
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$57.05
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Bitget: 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 Injective no order-book sample	—	—	—	—	—
Sell Bitget live order book, 5 min ago	4.02 bp	13.7 bp −$14	26.7 bp −$267	72.8 bp −$7,284	doesn't fit

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	596.43	−0.056%	$44K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	597.41	+0.109%	$48.5M	$61.6M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	597.29	+0.090%	$1.1M	$664K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	596.79	+0.005%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0160%	1h	597.65	+0.150%	$12K	—	3x	as long as short
Variational Omni XMR	+0.0282%	8h	597.79	+0.173%	$6.9M	$2.6M	—	as long as short
MEXC XMR_USDT	+0.0330%	8h	597.56	+0.134%	$22.4M	$15.0M	100x	as long as short
Binance XMRUSDT	+0.0333%	8h	597.32	+0.093%	$54.8M	$163.0M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0382%	1h	596.24	−0.088%	$5.7M	$20.4M	50x	as long as short
Pacifica XMR	+0.0387%	1h	597.57	+0.136%	$271K	$1.0M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX XMR-USDT	+0.0388%	8h	597.38	+0.104%	—	$5.7M	—	as long as short
Bitget XMRUSDTshort	+0.0415%	8h	597.58	+0.137%	$10.0M	$14.2M	50x
BloFin XMR-USDT	+0.0469%	8h	597.41	+0.109%	$2.8M	$11.5M	75x	as long as short
KuCoin XMRUSDTM	+0.0539%	8h	596.94	+0.030%	$48.7M	$25.9M	50x	as long as short
Gate XMR_USDT	+0.0545%	8h	596.91	+0.025%	$1.7M	$4.6M	50x	as long as short
Aster XMRUSDT	+0.0546%	8h	597.40	+0.107%	$681K	$2.4M	75x	as long as short
Lighter XMR	+0.0584%	1h	596.88	+0.021%	$3.4M	$6.9M	10x	as long as short
GRVT XMR_USDT_Perp	+0.0603%	8h	597.88	+0.188%	$355K	$785K	10x	as long as short
Injective XMR/USDC PERPlong	+0.0695%	1h	596.76	long leg	$3K	$6K	12x
GMX XMR/USD [WBTC.b-USDC]	L +0.0808% / S −0.1288%	1h	596.13	−0.106%	$331K	—	100x	as long as short
Polymarket Perps XMR-USD	+0.0871%	1h	597.57	+0.136%	$23K	$1.8M	5x	as long as short
Paradex XMR-USD-PERP	+0.0874%	8h	597.36	+0.101%	$8K	$4K	20x	as long as short
SoDEX XMR-USD	+0.0917%	1h	597.25	+0.082%	$454K	$3K	5x	as long as short
Orderly PERP_XMR_USDC	+0.0943%	8h	596.96	+0.034%	$44K	$729K	10x	as long as short
Backpack XMR_USDC_PERP	+0.0975%	1h	596.74	−0.003%	$203K	$575K	20x	as long as short
Nado XMR-PERP	+0.1379%	1h	597.51	+0.126%	$1.3M	$482K	10x	as long as short
dYdX XMR-USD	+0.1746%	1h	596.24	−0.088%	$108K	$50K	5x	as long as short
Extended XMR-USD	+0.1880%	1h	597.12	+0.061%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1971%	1h	597.87	+0.186%	$89.1M	$68.5M	5x	as long as short
HTX XMR-USDT	+0.1994%	8h	594.00	−0.462%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2443%	1h	597.06	+0.050%	$2K	$47K	10x	as long as short