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

XMR

all XMR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0288%/8h= +31.5% APRpaid last 24h +0.030%
Price spread now: BloFin against Lighter+0.027%60s7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$330.326% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.152%+$15 on $10k
Price spread, last 4 days (all we have)+0.216%+$22 · spread now +0.027%, 7d avg +0.051%
Together, before fees+0.367%+ Points / potential airdropLighter: Season 3 · farm board+$37 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.023% cheaper against Lighter than usual: you would sell low and buy high (spread +0.027% now, against its 7-day average of +0.051%). If the spread goes back, that is −$2 on $10k: about 6 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.152% in total) that is about 26 hours. The two prices were read 60 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 7 days it paid 0.152% in total (about 7.9% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter XMR581.600.0480pay 0.0060% / 1h3m 57s$3.3M$7.2M10x
ShortBloFin XMR-USDT581.760.0768get 0.0768% / 8h5h 03m$2.7M$11.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Lighter. 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
$60.48
Price spread: +0.027% → +0.051%
−$2.33
Slippage, 4 orders
−$20.65
Fee Lighter: 0 bp × 2 orders
$0
Fee BloFin: 6 bp × 2 orders
−$12
Net
$25.5
Costs to cover
0.326%
Break-even
4.0 days
Slippage from Lighter: live order book, 4 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 Lighter live order book, 4 min ago2.48 bp4.3 bp −$412.5 bp −$125145.1 bp −$14.5Kdoesn't fit
Sell BloFin live order book, 5 min ago0.17 bp10.6 bp −$1118.5 bp −$185doesn'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 −0.0010%1h580.91−0.118%$45K150xas long as short
Injective XMR/USDC PERP+0.0033%1h582.55+0.163%$3K$6K12xas long as short
edgeX XMRUSDC+0.0100%4h583.02+0.244%$1.0M$655K10xas long as short
SunX XMR-USDT+0.0100%8h581.24−0.062%$2K$1.9M20xas long as short
HTX XMR-USDT+0.0100%8h581.00−0.103%$1.1M$1.6M20xas long as short
Aevo XMR-PERP+0.0200%1h582.10+0.087%$12K3xas long as short
Polymarket Perps XMR-USD+0.0245%1h581.66+0.010%$25K$2.1M5xas long as short
dYdX XMR-USD+0.0291%1h581.02−0.099%$105K$47K5xas long as short
Bybit XMRUSDT+0.0477%8h581.66+0.010%$47.2M$64.1M75xas long as short
Lighter XMRlong+0.0480%1h581.60long leg$3.3M$7.2M10x
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC XMR_USDT+0.0496%8h581.61+0.002%$20.7M$15.3M100xas long as short
Binance XMRUSDT+0.0497%8h581.61+0.002%$52.9M$165.6M75xas long as short
Gate XMR_USDT+0.0509%8h581.26−0.059%$1.6M$4.5M50xas long as short
BingX XMR-USDT+0.0569%8h581.33−0.047%$5.7Mas long as short
Bitget XMRUSDT+0.0587%8h581.64+0.007%$9.5M$14.1M50xas long as short
Backpack XMR_USDC_PERP+0.0640%1h581.38−0.038%$170K$536K20xas long as short
KuCoin XMRUSDTM+0.0661%8h580.90−0.121%$47.7M$26.0M50xas long as short
Aster XMRUSDT+0.0700%8h581.23−0.064%$655K$2.4M75xas long as short
BloFin XMR-USDTshort+0.0768%8h581.76+0.027%$2.7M$11.3M75x
Paradex XMR-USD-PERP+0.0862%8h581.76+0.027%$8K$4K20xas long as short
GRVT XMR_USDT_Perp+0.0911%8h584.28+0.461%$339K$764K10xas long as short
Kraken Futures PF_XMRUSD+0.0961%1h580.56−0.179%$5.5M$19.6M50xas long as short
Nado XMR-PERP+0.0963%1h581.91+0.054%$1.3M$463K10xas long as short
Hyperliquid XMR+0.0978%1h581.49−0.019%$87.6M$71.1M5xas long as short
Extended XMR-USD+0.0992%1h581.38−0.037%$3.1M$8.2M25xas long as short
Pacifica XMR+0.0996%1h581.97+0.064%$268K$1.1M10xas long as short
SoDEX XMR-USD+0.1032%1h581.80+0.034%$442K$3K5xas long as short
GMX XMR/USD [WBTC.b-USDC]L +0.1040% / S −0.1407%1h580.87−0.125%$648K100xas long as short
Variational Omni XMR+0.1053%8h581.66+0.010%$6.6M$2.4Mas long as short
Orderly PERP_XMR_USDC+0.1107%8h581.78+0.031%$41K$720K10xas long as short
Aftermath Perps XMRUSD+0.2409%1h582.63+0.178%$1K$45K10xas long as short