Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0590%/8h= +64.6% APRpaid last 24h +0.118%

Price spread now: Bitget against Injective−1.696%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 Bitget

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. Bitget is 1.696% cheaper against Injective than usual: you would sell low and buy high (spread −1.696% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$170 on $10k: about 9.6 days of funding at the current rate (+$18 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XMR/USDC PERP	596.76	0.0033	pay 0.0004% / 1h	3m 08s	$3K	$4K	12x
Short	Bitget XMRUSDT	586.64	0.0623	get 0.0623% / 8h	6h 03m	$9.6M	$14.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −1.696%Rate

Funding earned: $123.83
Price spread: −1.696% → 0.000%: −$169.58
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$57.77
Costs to cover: 0.120%
Break-even: 10.3 days

Slippage unknown: Injective: no order-book sample; Bitget: live order book, just now. 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 Bitget live order book, just now	4.60 bp	17.7 bp −$18	31.0 bp −$310	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 30 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	585.53	−1.882%	$35K	—	150x	as long as short
Injective XMR/USDC PERPlong	+0.0033%	1h	596.76	long leg	$3K	$4K	12x
edgeX XMRUSDC	+0.0100%	4h	583.62	−2.201%	$1.0M	$668K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	585.92	−1.816%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	585.96	−1.810%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0216%	1h	586.71	−1.683%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0396%	1h	585.60	−1.870%	$106K	$50K	5x	as long as short
MEXC XMR_USDT	+0.0521%	8h	586.67	−1.691%	$20.9M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0525%	8h	586.61	−1.701%	$53.5M	$168.0M	75x	as long as short
Bitget XMRUSDTshort	+0.0623%	8h	586.64	−1.696%	$9.6M	$14.2M	50x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XMRUSDT	+0.0714%	8h	586.76	−1.676%	$653K	$2.5M	75x	as long as short
BingX XMR-USDT	+0.0781%	8h	586.64	−1.696%	—	$5.8M	—	as long as short
KuCoin XMRUSDTM	+0.0784%	8h	586.14	−1.780%	$48.1M	$26.1M	50x	as long as short
Bybit XMRUSDT	+0.0789%	8h	586.62	−1.699%	$47.5M	$65.0M	75x	as long as short
Gate XMR_USDT	+0.0795%	8h	586.07	−1.791%	$1.6M	$4.6M	50x	as long as short
Pacifica XMR	+0.0821%	1h	586.72	−1.682%	$270K	$1.1M	10x	as long as short
Polymarket Perps XMR-USD	+0.0893%	1h	586.44	−1.729%	$31K	$2.1M	5x	as long as short
Backpack XMR_USDC_PERP	+0.0895%	1h	585.96	−1.810%	$173K	$539K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0961% / S −0.1219%	1h	585.43	−1.899%	$653K	—	100x	as long as short
Lighter XMR	+0.0984%	1h	586.42	−1.733%	$3.3M	$7.2M	10x	as long as short
GRVT XMR_USDT_Perp	+0.1057%	8h	585.89	−1.822%	$343K	$773K	10x	as long as short
Variational Omni XMR	+0.1058%	8h	586.20	−1.770%	$6.7M	$2.5M	—	as long as short
Orderly PERP_XMR_USDC	+0.1079%	8h	586.77	−1.674%	$42K	$736K	10x	as long as short
Paradex XMR-USD-PERP	+0.1210%	8h	586.51	−1.717%	$8K	$4K	20x	as long as short
Kraken Futures PF_XMRUSD	+0.1305%	1h	585.53	−1.882%	$5.5M	$20.5M	50x	as long as short
Nado XMR-PERP	+0.1406%	1h	586.72	−1.682%	$1.3M	$466K	10x	as long as short
SoDEX XMR-USD	+0.1588%	1h	586.81	−1.667%	$446K	$3K	5x	as long as short
Hyperliquid XMR	+0.1609%	1h	586.71	−1.684%	$88.6M	$73.1M	5x	as long as short
Extended XMR-USD	+0.1792%	1h	586.65	−1.694%	$3.1M	$8.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2692%	1h	585.85	−1.829%	$1K	$46K	10x	as long as short