Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0378%/8h= −41.4% APRpaid last 24h −0.249%

Price spread now: edgeX against BloFin−0.323%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$570.573% of the position

Long on BloFin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.705%−$70 on $10k

Price spread, last 3 days (all we have)+0.359%+$36 · spread now −0.323%, 7d avg −0.030%

Together, before fees−0.346%+ Points / potential airdropedgeX: Active · farm board−$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and edgeX is 0.294% cheaper against BloFin than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of −0.030%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XMR-USDT	596.69	0.0478	pay 0.0478% / 8h	1h 47m	$2.8M	$11.5M	75x
Short	edgeX XMRUSDC	594.76	0.0100	get 0.0050% / 4h	1h 47m	$1.1M	$666K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.323%Rate

Funding earned: −$79.45
Price spread: −0.323% → −0.030%: −$29.38
Slippage, 4 orders: −$36.25
Fee BloFin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$166.08
Costs to cover: 0.573%
Break-even: never at this rate

Slippage from BloFin: live order book, 7 min ago; edgeX: live order book, 2 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, 7 min ago	0.25 bp	13.9 bp −$14	24.8 bp −$248	doesn't fit	doesn't fit
Sell edgeX live order book, 2 min ago	10.13 bp	14.6 bp −$15	15.4 bp −$154	doesn't fit	doesn't fit

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	595.97	−0.120%	$44K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	596.57	−0.020%	$48.3M	$61.4M	75x	as long as short
edgeX XMRUSDCshort	+0.0100%	4h	594.76	−0.323%	$1.1M	$666K	10x
SunX XMR-USDT	+0.0100%	8h	596.05	−0.107%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0168%	1h	597.15	+0.078%	$12K	—	3x	as long as short
Variational Omni XMR	+0.0246%	8h	594.49	−0.368%	$6.9M	$2.7M	—	as long as short
MEXC XMR_USDT	+0.0336%	8h	596.66	−0.005%	$22.4M	$14.9M	100x	as long as short
Binance XMRUSDT	+0.0336%	8h	596.69	+0.001%	$54.8M	$162.7M	75x	as long as short
BingX XMR-USDT	+0.0375%	8h	597.08	+0.065%	—	$5.7M	—	as long as short
Kraken Futures PF_XMRUSD	+0.0382%	1h	595.75	−0.157%	$5.7M	$20.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica XMR	+0.0387%	1h	596.79	+0.016%	$270K	$1.0M	10x	as long as short
Bitget XMRUSDT	+0.0396%	8h	596.94	+0.042%	$9.9M	$14.2M	50x	as long as short
Gate XMR_USDT	+0.0469%	8h	596.36	−0.055%	$1.6M	$4.5M	50x	as long as short
BloFin XMR-USDTlong	+0.0478%	8h	596.69	long leg	$2.8M	$11.5M	75x
Aster XMRUSDT	+0.0536%	8h	597.06	+0.062%	$672K	$2.3M	75x	as long as short
KuCoin XMRUSDTM	+0.0560%	8h	596.11	−0.097%	$48.7M	$25.8M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0591%	8h	595.56	−0.189%	$354K	$785K	10x	as long as short
Injective XMR/USDC PERP	+0.0695%	1h	591.89	−0.804%	$3K	$6K	12x	as long as short
Polymarket Perps XMR-USD	+0.0741%	1h	597.08	+0.065%	$23K	$1.8M	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0823% / S −0.1341%	1h	595.82	−0.146%	$341K	—	100x	as long as short
Lighter XMR	+0.0856%	1h	596.66	−0.005%	$3.5M	$6.7M	10x	as long as short
SoDEX XMR-USD	+0.0863%	1h	596.77	+0.013%	$454K	$3K	5x	as long as short
Paradex XMR-USD-PERP	+0.0885%	8h	596.80	+0.018%	$8K	$4K	20x	as long as short
Orderly PERP_XMR_USDC	+0.0904%	8h	596.62	−0.012%	$48K	$719K	10x	as long as short
Backpack XMR_USDC_PERP	+0.0996%	1h	596.19	−0.084%	$203K	$574K	20x	as long as short
dYdX XMR-USD	+0.1411%	1h	595.44	−0.209%	$108K	$50K	5x	as long as short
Nado XMR-PERP	+0.1639%	1h	596.65	−0.006%	$1.3M	$479K	10x	as long as short
Extended XMR-USD	+0.1736%	1h	596.65	−0.006%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1899%	1h	597.16	+0.079%	$88.2M	$67.2M	5x	as long as short
HTX XMR-USDT	+0.2157%	8h	593.33	−0.563%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2461%	1h	596.40	−0.049%	$2K	$47K	10x	as long as short