Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0759%/8h= +83.2% APRpaid last 24h +0.174%

Price spread now: BloFin against Injective−0.194%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 BloFin

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. BloFin is 0.194% cheaper against Injective than usual: you would sell low and buy high (spread −0.194% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 20 hours of funding at the current rate (+$23 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XMR/USDC PERP	582.55	0.0033	pay 0.0004% / 1h	38m 25s	$3K	$6K	12x
Short	BloFin XMR-USDT	581.42	0.0793	get 0.0793% / 8h	5h 38m	$2.7M	$11.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.194%Rate

Funding earned: $159.49
Price spread: −0.194% → 0.000%: −$19.4
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: $128.07
Costs to cover: 0.120%
Break-even: 1.4 days

Slippage unknown: Injective: 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 Injective no order-book sample	—	—	—	—	—
Sell BloFin live order book, 5 min ago	0.34 bp	10.1 bp −$10	31.3 bp −$313	doesn't fit	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 −0.0010%	1h	581.25	−0.223%	$45K	—	150x	as long as short
Injective XMR/USDC PERPlong	+0.0033%	1h	582.55	long leg	$3K	$6K	12x
edgeX XMRUSDC	+0.0100%	4h	582.20	−0.061%	$1.0M	$657K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	580.51	−0.350%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	581.00	−0.266%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	582.13	−0.072%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0388%	1h	580.35	−0.377%	$105K	$50K	5x	as long as short
Polymarket Perps XMR-USD	+0.0484%	1h	581.65	−0.154%	$31K	$2.1M	5x	as long as short
MEXC XMR_USDT	+0.0520%	8h	582.26	−0.050%	$20.6M	$15.2M	100x	as long as short
Binance XMRUSDT	+0.0520%	8h	582.20	−0.060%	$53.0M	$166.9M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XMR	+0.0552%	1h	581.36	−0.205%	$3.3M	$7.1M	10x	as long as short
Backpack XMR_USDC_PERP	+0.0597%	1h	580.55	−0.343%	$170K	$539K	20x	as long as short
Gate XMR_USDT	+0.0609%	8h	581.56	−0.170%	$1.6M	$4.5M	50x	as long as short
Bitget XMRUSDT	+0.0614%	8h	582.36	−0.033%	$9.5M	$14.2M	50x	as long as short
BingX XMR-USDT	+0.0639%	8h	582.34	−0.036%	—	$5.7M	—	as long as short
Bybit XMRUSDT	+0.0648%	8h	582.47	−0.014%	$47.3M	$64.8M	75x	as long as short
Aster XMRUSDT	+0.0713%	8h	581.27	−0.219%	$648K	$2.4M	75x	as long as short
KuCoin XMRUSDTM	+0.0775%	8h	581.32	−0.211%	$47.8M	$26.1M	50x	as long as short
BloFin XMR-USDTshort	+0.0793%	8h	581.42	−0.194%	$2.7M	$11.4M	75x
Kraken Futures PF_XMRUSD	+0.0962%	1h	579.74	−0.483%	$5.5M	$20.0M	50x	as long as short
Paradex XMR-USD-PERP	+0.0988%	8h	581.30	−0.215%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0996% / S −0.1304%	1h	581.24	−0.224%	$648K	—	100x	as long as short
Pacifica XMR	+0.0996%	1h	581.45	−0.189%	$264K	$1.1M	10x	as long as short
GRVT XMR_USDT_Perp	+0.0998%	8h	583.48	+0.160%	$345K	$766K	10x	as long as short
Nado XMR-PERP	+0.1013%	1h	582.31	−0.041%	$1.3M	$464K	10x	as long as short
Variational Omni XMR	+0.1074%	8h	582.21	−0.058%	$6.6M	$2.4M	—	as long as short
Orderly PERP_XMR_USDC	+0.1095%	8h	582.11	−0.076%	$42K	$736K	10x	as long as short
Hyperliquid XMR	+0.1159%	1h	581.65	−0.154%	$87.5M	$71.5M	5x	as long as short
SoDEX XMR-USD	+0.1312%	1h	581.29	−0.216%	$442K	$3K	5x	as long as short
Extended XMR-USD	+0.1352%	1h	582.21	−0.059%	$3.1M	$8.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2585%	1h	581.95	−0.103%	$2K	$46K	10x	as long as short