Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0702%/8h= −76.9% APRpaid last 24h +0.006%

Price spread now: GRVT against Injective+0.566%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 GRVT

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. GRVT is 0.566% dearer against Injective than usual: you sell high and buy low (spread +0.566% now, against zero (this spread has no 7-day history yet)): +$57 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XMR/USDC PERP	596.76	0.1312	pay 0.0164% / 1h	56m 06s	$3K	$6K	12x
Short	GRVT XMR_USDT_Perp	600.14	0.0610	get 0.0610% / 8h	56m 06s	$350K	$797K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.566%Rate

Funding earned: −$147.46
Price spread: +0.566% → 0.000%: $56.64
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$99.84
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; GRVT: live order book, 22 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 GRVT live order book, 22 min ago	1.17 bp	doesn't fit	doesn't fit	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 −0.0009%	1h	601.16	+0.737%	$45K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	602.34	+0.935%	$49.0M	$62.5M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	600.60	+0.644%	$1.1M	$664K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	601.44	+0.784%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0160%	1h	601.89	+0.859%	$12K	—	3x	as long as short
Lighter XMR	+0.0192%	1h	601.82	+0.848%	$3.4M	$6.9M	10x	as long as short
Binance XMRUSDT	+0.0327%	8h	602.18	+0.908%	$55.1M	$163.7M	75x	as long as short
MEXC XMR_USDT	+0.0327%	8h	602.24	+0.918%	$22.5M	$14.9M	100x	as long as short
Variational Omni XMR	+0.0347%	8h	599.64	+0.483%	$6.9M	$2.5M	—	as long as short
BingX XMR-USDT	+0.0401%	8h	602.16	+0.905%	—	$5.7M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0425%	8h	602.52	+0.965%	$10.1M	$14.3M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0457%	1h	601.20	+0.744%	$5.7M	$20.5M	50x	as long as short
BloFin XMR-USDT	+0.0460%	8h	600.02	+0.546%	$2.8M	$11.6M	75x	as long as short
Gate XMR_USDT	+0.0545%	8h	601.67	+0.823%	$1.7M	$4.6M	50x	as long as short
Pacifica XMR	+0.0565%	1h	602.17	+0.906%	$283K	$1.0M	10x	as long as short
KuCoin XMRUSDTM	+0.0579%	8h	601.76	+0.838%	$49.2M	$25.9M	50x	as long as short
Aster XMRUSDT	+0.0579%	8h	601.90	+0.861%	$694K	$2.4M	75x	as long as short
GRVT XMR_USDT_Perpshort	+0.0610%	8h	600.14	+0.566%	$350K	$797K	10x
Polymarket Perps XMR-USD	+0.0662%	1h	602.29	+0.927%	$23K	$1.8M	5x	as long as short
Backpack XMR_USDC_PERP	+0.0723%	1h	601.64	+0.818%	$205K	$575K	20x	as long as short
SoDEX XMR-USD	+0.0773%	1h	602.06	+0.888%	$458K	$3K	5x	as long as short
Paradex XMR-USD-PERP	+0.0862%	8h	601.89	+0.860%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0888% / S −0.2391%	1h	600.95	+0.703%	$547K	—	100x	as long as short
Nado XMR-PERP	+0.0953%	1h	601.84	+0.851%	$1.3M	$475K	10x	as long as short
Orderly PERP_XMR_USDC	+0.0958%	8h	601.74	+0.835%	$44K	$729K	10x	as long as short
Injective XMR/USDC PERPlong	+0.1312%	1h	596.76	long leg	$3K	$6K	12x
Hyperliquid XMR	+0.1662%	1h	602.63	+0.984%	$90.7M	$69.9M	5x	as long as short
Extended XMR-USD	+0.1808%	1h	602.10	+0.894%	$3.2M	$6.9M	25x	as long as short
HTX XMR-USDT	+0.1957%	8h	599.37	+0.437%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2328%	1h	599.96	+0.537%	$2K	$47K	10x	as long as short
dYdX XMR-USD	+0.2559%	1h	599.91	+0.527%	$109K	$50K	5x	as long as short