Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.1670%/8h= +182.9% APRpaid last 24h +0.094%

Price spread now: dYdX against BloFin+0.006%7-day average −0.221% · you sell dearer than you buy

Net, funding: paid 7d − costs−$335as in the Funding arb table

Net, price: spread back to 7d avg − costs−$349as in the Price arb table

costs, in and out, $10k−$3713.713% of the position

Long on BloFin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.359%+$36 on $10k

Price spread, last 3 days (all we have)−0.515%−$51 · spread now +0.006%, 7d avg −0.221%

Together, before fees−0.156%−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$50 a day on $10k at the current rate, and dYdX is 0.227% dearer against BloFin than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of −0.221%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.359% in total (about 18.7% 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	586.35	0.0499	pay 0.0499% / 8h	3h 31m	$2.8M	$11.1M	75x
Short	dYdX XMR-USD	586.38	0.2169	get 0.0271% / 1h	31m 53s	$106K	$48K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.006%Rate

Funding earned: $350.69
Price spread: +0.006% → −0.221%: $22.66
Slippage, 4 orders: −$349.28
Fee BloFin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: $2.06
Costs to cover: 3.713%
Break-even: 7.0 days

Slippage from BloFin: live order book, 3 min ago; dYdX: live order book, 17 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, 3 min ago	2.22 bp	11.4 bp −$11	22.6 bp −$226	doesn't fit	doesn't fit
Sell dYdX live order book, 17 min ago	31.43 bp	250.2 bp −$250	276.5 bp −$2,765	332.8 bp −$33.3K	684.2 bp −$342.1K

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	587.90	+0.265%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	554.47	−5.437%	$3K	$8K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	589.40	+0.520%	$47.2M	$60.3M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	586.45	+0.018%	$1.0M	$672K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	587.51	+0.198%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0176%	1h	591.80	+0.930%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSD	+0.0177%	1h	588.27	+0.327%	$5.5M	$20.4M	50x	as long as short
Gate XMR_USDT	+0.0333%	8h	588.77	+0.413%	$1.6M	$4.4M	50x	as long as short
Polymarket Perps XMR-USD	+0.0340%	1h	588.66	+0.394%	$40K	$1.7M	5x	as long as short
Variational Omni XMR	+0.0358%	8h	586.49	+0.025%	$7.0M	$3.1M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XMR_USDT	+0.0379%	8h	589.45	+0.529%	$22.8M	$15.1M	100x	as long as short
Binance XMRUSDT	+0.0381%	8h	589.46	+0.530%	$54.3M	$161.6M	75x	as long as short
BingX XMR-USDT	+0.0409%	8h	589.52	+0.541%	—	$5.8M	—	as long as short
Bitget XMRUSDT	+0.0432%	8h	589.13	+0.474%	$9.8M	$14.0M	50x	as long as short
Pacifica XMR	+0.0435%	1h	587.84	+0.254%	$268K	$1.1M	10x	as long as short
BloFin XMR-USDTlong	+0.0499%	8h	586.35	long leg	$2.8M	$11.1M	75x
KuCoin XMRUSDTM	+0.0581%	8h	588.58	+0.380%	$49.0M	$25.8M	50x	as long as short
Aster XMRUSDT	+0.0606%	8h	588.70	+0.400%	$666K	$2.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0641%	8h	586.66	+0.053%	$341K	$808K	10x	as long as short
Paradex XMR-USD-PERP	+0.0809%	8h	588.00	+0.281%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0833% / S −0.1321%	1h	587.75	+0.239%	$354K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0865%	8h	589.07	+0.464%	$48K	$736K	10x	as long as short
Backpack XMR_USDC_PERP	+0.0890%	1h	588.83	+0.423%	$169K	$530K	20x	as long as short
SoDEX XMR-USD	+0.0954%	1h	589.28	+0.500%	$448K	$4K	5x	as long as short
Lighter XMR	+0.1008%	1h	589.16	+0.479%	$3.5M	$6.5M	10x	as long as short
Nado XMR-PERP	+0.1085%	1h	588.44	+0.357%	$1.3M	$476K	10x	as long as short
Extended XMR-USD	+0.1256%	1h	588.87	+0.430%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1970%	1h	589.93	+0.611%	$84.8M	$63.3M	5x	as long as short
Aftermath Perps XMRUSD	+0.2134%	1h	587.44	+0.186%	$2K	$47K	10x	as long as short
dYdX XMR-USDshort	+0.2169%	1h	586.38	+0.006%	$106K	$48K	5x
HTX XMR-USDT	+0.2386%	8h	587.16	+0.138%	$1.1M	$1.4M	20x	as long as short