Settings8H · net · $10k
Funding arb · Price arb /

XMR

all XMR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0416%/8h= +45.5% APRnext payment +$4.16 per $10,000 · paid last 24h +0.166%
Price spread now: BloFin against Bybit+0.054%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs+$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$460.462% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.587%+$59 on $10k
Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.054%, 7d avg +0.026%
Together, before fees+0.577%+$58 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and BloFin is 0.028% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.026%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit XMRUSDT575.130.0635pay 0.0635% / 8h1h 28m$46.6M$58.7M75x
ShortBloFin XMR-USDT575.440.1051get 0.1051% / 8h1h 28m$2.7M$10.7M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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

Funding earned
$87.3
Price spread: +0.054% → +0.026%
$2.76
Slippage, 4 orders
−$23.17
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BloFin: 6 bp × 2 orders
−$12
Net
$43.9
Costs to cover
0.462%
Break-even
3.5 days
Slippage from Bybit: live order book, 10 min ago; BloFin: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 10 min ago0.09 bp11.0 bp −$1126.0 bp −$260doesn't fitdoesn't fit
Sell BloFin live order book, 5 min ago0.26 bp14.4 bp −$1426.0 bp −$260doesn't fitdoesn't fit

XMR on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) XMR/USDL +0.0010% / S −0.0004%1h573.96−0.203%$32K150xas long as short
Injective XMR/USDC PERP+0.0033%1h582.55+1.290%$3K$3K12xas long as short
edgeX XMRUSDC+0.0100%4h574.77−0.063%$1.0M$634K10xas long as short
SunX XMR-USDT+0.0100%8h574.69−0.077%$2K$1.6M20xas long as short
HTX XMR-USDT+0.0100%8h574.00−0.196%$1.1M$1.4M20xas long as short
Aevo XMR-PERP+0.0240%1h574.68−0.079%$12K3xas long as short
Lighter XMR+0.0288%1h575.25+0.020%$3.1M$6.2M10xas long as short
KuCoin XMRUSDTM+0.0316%8h574.88−0.043%$45.3M$23.5M50xas long as short
Extended XMR-USD+0.0336%1h575.16+0.006%$3.0M$8.3M25xas long as short
Polymarket Perps XMR-USD+0.0493%1h574.99−0.024%$23K$2.0M5xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget XMRUSDT+0.0592%8h575.73+0.104%$9.5M$11.7M50xas long as short
BingX XMR-USDT+0.0612%8h575.23+0.017%$5.4Mas long as short
Kraken Futures PF_XMRUSD+0.0632%1h574.61−0.090%$5.4M$15.4M50xas long as short
MEXC XMR_USDT+0.0635%8h575.50+0.064%$20.1M$14.4M100xas long as short
Bybit XMRUSDTlong+0.0635%8h575.13long leg$46.6M$58.7M75x
Binance XMRUSDT+0.0635%8h575.46+0.057%$52.4M$136.5M75xas long as short
Gate XMR_USDT+0.0669%8h574.95−0.031%$1.5M$3.3M50xas long as short
dYdX XMR-USD+0.0700%1h573.82−0.228%$104K$43K5xas long as short
Aster XMRUSDT+0.0793%8h575.40+0.047%$637K$2.0M75xas long as short
Paradex XMR-USD-PERP+0.0813%8h575.43+0.052%$8K$3K20xas long as short
Hyperliquid XMR+0.0814%1h575.35+0.038%$87.2M$65.9M5xas long as short
Backpack XMR_USDC_PERP+0.0919%1h575.15+0.003%$175K$491K20xas long as short
SoDEX XMR-USD+0.0948%1h575.50+0.064%$437K$3K5xas long as short
GRVT XMR_USDT_Perp+0.0992%8h575.42+0.050%$343K$711K10xas long as short
Nado XMR-PERP+0.0995%1h575.22+0.016%$1.3M$444K10xas long as short
Pacifica XMR+0.1002%1h574.97−0.027%$265K$906K10xas long as short
BloFin XMR-USDTshort+0.1051%8h575.44+0.054%$2.7M$10.7M75x
Variational Omni XMR+0.1099%8h574.60−0.091%$6.2M$2.4Mas long as short
GMX XMR/USD [WBTC.b-USDC]L +0.1136% / S −0.1500%1h573.80−0.231%$595K100xas long as short
Orderly PERP_XMR_USDC+0.1186%8h575.42+0.050%$40K$588K10xas long as short
Aftermath Perps XMRUSD+0.1920%1h574.19−0.164%$1K$41K10xas long as short