Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0715%/8h= −78.3% APRpaid last 24h +0.091%

Price spread now: Extended against BloFin−0.048%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$370.371% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.330%+$33 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now −0.048%, 7d avg −0.038%

Together, before fees+0.288%+ Points / potential airdropExtended: Active · farm board+$29 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.038%, so right now this pair is about funding alone: −$21 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.330%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.330% in total (about 17.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XMR-USDT	575.44	0.1051	pay 0.1051% / 8h	1h 28m	$2.7M	$10.7M	75x
Short	Extended XMR-USD	575.16	0.0336	get 0.0042% / 1h	28m 47s	$3.0M	$8.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BloFin. 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 BloFinbpFee ExtendedbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$150.14
Price spread: −0.048% → −0.038%: −$1
Slippage, 4 orders: −$20.11
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$188.25
Costs to cover: 0.371%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; Extended: live order book, 5 min ago.

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 BloFin live order book, 5 min ago	0.26 bp	11.3 bp −$11	16.7 bp −$167	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	1.48 bp	5.7 bp −$6	10.1 bp −$101	doesn't fit	doesn't fit

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 −0.0004%	1h	573.96	−0.257%	$32K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.236%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	574.77	−0.116%	$1.0M	$634K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	574.69	−0.130%	$2K	$1.6M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	574.00	−0.250%	$1.1M	$1.4M	20x	as long as short
Aevo XMR-PERP	+0.0240%	1h	574.68	−0.133%	$12K	—	3x	as long as short
Lighter XMR	+0.0280%	1h	575.25	−0.032%	$3.1M	$6.2M	10x	as long as short
KuCoin XMRUSDTM	+0.0316%	8h	574.88	−0.097%	$45.3M	$23.5M	50x	as long as short
Extended XMR-USDshort	+0.0336%	1h	575.16	−0.048%	$3.0M	$8.3M	25x
Polymarket Perps XMR-USD	+0.0493%	1h	574.99	−0.078%	$23K	$2.0M	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0592%	8h	575.72	+0.049%	$9.5M	$11.7M	50x	as long as short
BingX XMR-USDT	+0.0612%	8h	575.23	−0.036%	—	$5.4M	—	as long as short
Bybit XMRUSDT	+0.0631%	8h	575.12	−0.056%	$46.6M	$58.7M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0632%	1h	574.61	−0.144%	$5.4M	$15.4M	50x	as long as short
Binance XMRUSDT	+0.0634%	8h	575.33	−0.019%	$52.4M	$136.5M	75x	as long as short
MEXC XMR_USDT	+0.0635%	8h	575.50	+0.010%	$20.1M	$14.4M	100x	as long as short
Gate XMR_USDT	+0.0669%	8h	574.95	−0.085%	$1.5M	$3.3M	50x	as long as short
dYdX XMR-USD	+0.0700%	1h	573.82	−0.282%	$104K	$43K	5x	as long as short
Aster XMRUSDT	+0.0793%	8h	575.40	−0.007%	$637K	$2.0M	75x	as long as short
Hyperliquid XMR	+0.0810%	1h	575.34	−0.017%	$87.2M	$65.9M	5x	as long as short
Paradex XMR-USD-PERP	+0.0813%	8h	575.43	−0.002%	$8K	$3K	20x	as long as short
Backpack XMR_USDC_PERP	+0.0919%	1h	575.15	−0.050%	$175K	$491K	20x	as long as short
SoDEX XMR-USD	+0.0948%	1h	575.50	+0.010%	$437K	$3K	5x	as long as short
GRVT XMR_USDT_Perp	+0.0992%	8h	575.42	−0.004%	$343K	$711K	10x	as long as short
Nado XMR-PERP	+0.0995%	1h	575.22	−0.038%	$1.3M	$444K	10x	as long as short
Pacifica XMR	+0.1002%	1h	574.97	−0.081%	$265K	$906K	10x	as long as short
BloFin XMR-USDTlong	+0.1051%	8h	575.44	long leg	$2.7M	$10.7M	75x
Variational Omni XMR	+0.1099%	8h	574.60	−0.145%	$6.2M	$2.4M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1136% / S −0.1500%	1h	573.80	−0.285%	$595K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1186%	8h	575.42	−0.003%	$40K	$588K	10x	as long as short
Aftermath Perps XMRUSD	+0.1920%	1h	574.19	−0.217%	$1K	$41K	10x	as long as short