Funding you earn now, next payment 00:00 UTC−0.0430%/8h= −47.1% APRpaid last 24h +0.063%
Price spread now: BloFin against GMX+0.105%51s7-day average +0.209% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.053%−$5 on $10k
+Price spread, last 3 days (all we have)+0.114%+$11 · spread now +0.105%, 7d avg +0.209%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and BloFin is 0.104% cheaper against GMX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.209%). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.053% in total (about -6.2% 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 | GMX XMR/USD [WBTC.b-USDC] | 599.77 | L +0.0888% / S −0.2517% | pay 0.0111% / 1h | 41m 48s | $570K | — | 100x |
| Short | BloFin XMR-USDT | 600.40 | 0.0458 | get 0.0458% / 8h | 41m 48s | $2.8M | $11.7M | 75x |
GMX XMR/USD [WBTC.b-USDC]
BloFin XMR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against GMX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$90.27
- Price spread: +0.105% → +0.209%
- −$10.43
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$124.71
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; BloFin: live order book, 2 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 GMX no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 2 min ago | 0.08 bp | 9.7 bp −$10 | 20.2 bp −$202 | doesn't fit | doesn't fit |
GMX: 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 | 599.83 | +0.010% | $45K | — | 150x | as long as short |
| Bybit XMRUSDT | +0.0100% | 8h | 601.02 | +0.208% | $49.2M | $63.0M | 75x | as long as short |
| edgeX XMRUSDC | +0.0100% | 4h | 600.66 | +0.149% | $1.1M | $667K | 10x | as long as short |
| SunX XMR-USDT | +0.0100% | 8h | 599.63 | −0.023% | $2K | $2.0M | 20x | as long as short |
| Lighter XMR | +0.0112% | 1h | 600.63 | +0.143% | $3.4M | $6.9M | 10x | as long as short |
| Aevo XMR-PERP | +0.0160% | 1h | 600.04 | +0.045% | $12K | — | 3x | as long as short |
| Backpack XMR_USDC_PERP | +0.0275% | 1h | 600.17 | +0.067% | $205K | $575K | 20x | as long as short |
| Binance XMRUSDT | +0.0326% | 8h | 600.62 | +0.142% | $55.0M | $164.1M | 75x | as long as short |
| MEXC XMR_USDT | +0.0326% | 8h | 600.96 | +0.198% | $22.4M | $14.9M | 100x | as long as short |
| Variational Omni XMR | +0.0406% | 8h | 602.08 | +0.385% | $6.9M | $2.6M | — | as long as short |
gTrade (Gains Network) XMR/USD
Bybit XMRUSDT
edgeX XMRUSDC
SunX XMR-USDT
Lighter XMR
Aevo XMR-PERP
Backpack XMR_USDC_PERP
Binance XMRUSDT
MEXC XMR_USDT
Variational Omni XMRShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX XMR-USDT | +0.0408% | 8h | 601.38 | +0.268% | — | $5.7M | — | as long as short |
| Bitget XMRUSDT | +0.0430% | 8h | 601.41 | +0.273% | $10.0M | $14.3M | 50x | as long as short |
| BloFin XMR-USDTshort | +0.0458% | 8h | 600.40 | +0.105% | $2.8M | $11.7M | 75x | |
| Kraken Futures PF_XMRUSD | +0.0458% | 1h | 599.57 | −0.034% | $5.7M | $20.5M | 50x | as long as short |
| Gate XMR_USDT | +0.0512% | 8h | 600.49 | +0.120% | $1.7M | $4.6M | 50x | as long as short |
| Pacifica XMR | +0.0565% | 1h | 601.07 | +0.216% | $282K | $1.1M | 10x | as long as short |
| KuCoin XMRUSDTM | +0.0572% | 8h | 600.54 | +0.128% | $49.1M | $26.0M | 50x | as long as short |
| Aster XMRUSDT | +0.0587% | 8h | 600.94 | +0.195% | $686K | $2.4M | 75x | as long as short |
| GRVT XMR_USDT_Perp | +0.0604% | 8h | 600.70 | +0.156% | $352K | $794K | 10x | as long as short |
| Polymarket Perps XMR-USD | +0.0699% | 1h | 600.87 | +0.183% | $23K | $1.8M | 5x | as long as short |
| SoDEX XMR-USD | +0.0710% | 1h | 600.71 | +0.157% | $457K | $3K | 5x | as long as short |
| Paradex XMR-USD-PERP | +0.0858% | 8h | 600.45 | +0.114% | $8K | $4K | 20x | as long as short |
| GMX XMR/USD [WBTC.b-USDC]long | L +0.0888% / S −0.2517% | 1h | 599.77 | long leg | $570K | — | 100x | |
| Orderly PERP_XMR_USDC | +0.0942% | 8h | 600.37 | +0.100% | $44K | $729K | 10x | as long as short |
| Nado XMR-PERP | +0.1139% | 1h | 600.35 | +0.096% | $1.3M | $475K | 10x | as long as short |
| Injective XMR/USDC PERP | +0.1312% | 1h | 596.76 | −0.502% | $3K | $6K | 12x | as long as short |
| Hyperliquid XMR | +0.1651% | 1h | 601.71 | +0.323% | $90.7M | $70.3M | 5x | as long as short |
| Extended XMR-USD | +0.1760% | 1h | 601.02 | +0.208% | $3.2M | $6.9M | 25x | as long as short |
| HTX XMR-USDT | +0.1990% | 8h | 600.03 | +0.043% | $1.1M | $1.5M | 20x | as long as short |
| Aftermath Perps XMRUSD | +0.2322% | 1h | 600.78 | +0.169% | $2K | $47K | 10x | as long as short |
| dYdX XMR-USD | +0.2641% | 1h | 599.72 | −0.008% | $109K | $50K | 5x | as long as short |
BingX XMR-USDT
Bitget XMRUSDT
Kraken Futures PF_XMRUSD
Gate XMR_USDT
Pacifica XMR
KuCoin XMRUSDTM
Aster XMRUSDT
GRVT XMR_USDT_Perp
Polymarket Perps XMR-USD
SoDEX XMR-USD
Paradex XMR-USD-PERP
Orderly PERP_XMR_USDC
Nado XMR-PERP
Injective XMR/USDC PERP
Hyperliquid XMR
Extended XMR-USD
HTX XMR-USDT
Aftermath Perps XMRUSD
dYdX XMR-USD