Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0472%/8h= +51.7% APRpaid last 24h +0.157%

Price spread now: GMX against BloFin−0.252%7-day average −0.201% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.221%+$22 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.252%, 7d avg −0.201%

Together, before fees+0.240%+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.051% cheaper against BloFin than usual: you would sell low and buy high (spread −0.252% now, against its 7-day average of −0.201%). If the spread goes back, that is −$5 on $10k: about 9 hours of funding at the current rate (+$14 a day). At the pace of the last 3 days (+0.221% in total) that is about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XMR-USDT	574.94	0.1046	pay 0.1046% / 8h	1h 27m	$2.7M	$10.7M	75x
Short	GMX XMR/USD [WBTC.b-USDC]	573.49	L +0.1144% / S −0.1518%	get 0.0190% / 1h	27m 06s	$595K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.252%Rate

Funding earned: $99.22
Price spread: −0.252% → −0.201%: −$5.08
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $70.14
Costs to cover: 0.240%
Break-even: 2.1 days

Slippage unknown: BloFin: live order book, 7 min ago; GMX: no order-book sample. 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 BloFin live order book, 7 min ago	0.26 bp	11.3 bp −$11	16.7 bp −$167	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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 −0.0004%	1h	574.15	−0.138%	$32K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.324%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	575.25	+0.053%	$1.0M	$582K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	574.08	−0.150%	$2K	$1.5M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	572.70	−0.390%	$1.1M	$1.4M	20x	as long as short
Aevo XMR-PERP	+0.0240%	1h	575.06	+0.021%	$12K	—	3x	as long as short
Lighter XMR	+0.0280%	1h	574.49	−0.078%	$3.1M	$6.2M	10x	as long as short
Extended XMR-USD	+0.0320%	1h	574.62	−0.056%	$3.0M	$8.3M	25x	as long as short
KuCoin XMRUSDTM	+0.0320%	8h	574.47	−0.082%	$45.3M	$22.4M	50x	as long as short
Polymarket Perps XMR-USD	+0.0479%	1h	574.37	−0.099%	$22K	$2.0M	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0597%	8h	574.84	−0.017%	$9.6M	$11.7M	50x	as long as short
BingX XMR-USDT	+0.0604%	8h	574.88	−0.010%	—	$5.4M	—	as long as short
Bybit XMRUSDT	+0.0631%	8h	574.40	−0.094%	$46.6M	$58.5M	75x	as long as short
Binance XMRUSDT	+0.0633%	8h	574.64	−0.052%	$52.3M	$133.5M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0633%	1h	573.77	−0.204%	$5.4M	$15.2M	50x	as long as short
MEXC XMR_USDT	+0.0634%	8h	574.77	−0.030%	$20.1M	$14.5M	100x	as long as short
dYdX XMR-USD	+0.0635%	1h	574.34	−0.104%	$104K	$43K	5x	as long as short
Gate XMR_USDT	+0.0676%	8h	573.81	−0.197%	$1.6M	$3.3M	50x	as long as short
Aster XMRUSDT	+0.0791%	8h	574.30	−0.111%	$636K	$2.0M	75x	as long as short
Paradex XMR-USD-PERP	+0.0802%	8h	574.85	−0.016%	$8K	$3K	20x	as long as short
Hyperliquid XMR	+0.0803%	1h	574.58	−0.063%	$87.0M	$65.9M	5x	as long as short
SoDEX XMR-USD	+0.0937%	1h	574.80	−0.024%	$437K	$3K	5x	as long as short
Backpack XMR_USDC_PERP	+0.0952%	1h	574.40	−0.094%	$174K	$492K	20x	as long as short
Nado XMR-PERP	+0.0989%	1h	574.37	−0.099%	$1.3M	$444K	10x	as long as short
GRVT XMR_USDT_Perp	+0.0992%	8h	575.42	+0.083%	$343K	$711K	10x	as long as short
Pacifica XMR	+0.1002%	1h	574.77	−0.030%	$265K	$906K	10x	as long as short
BloFin XMR-USDTlong	+0.1046%	8h	574.94	long leg	$2.7M	$10.7M	75x
Variational Omni XMR	+0.1099%	8h	574.60	−0.058%	$6.2M	$2.4M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]short	L +0.1144% / S −0.1518%	1h	573.49	−0.252%	$595K	—	100x
Orderly PERP_XMR_USDC	+0.1186%	8h	574.68	−0.045%	$40K	$588K	10x	as long as short
Aftermath Perps XMRUSD	+0.1910%	1h	574.58	−0.062%	$1K	$41K	10x	as long as short