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

XMR

all XMR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0691%/8h= −75.6% APRnext payment $6.91 per $10,000 · paid last 24h −0.085%
Price spread now: KuCoin against BloFin−0.129%7-day average −0.102% · you buy dearer than you sell
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$570.573% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.434%−$43 on $10k
Price spread, last 4 days (all we have)−0.011%−$1 · spread now −0.129%, 7d avg −0.102%
Together, before fees−0.446%−$45 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and KuCoin is 0.026% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.102%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.434% in total (about -22.7% a year). A funding rate is set anew for every payment; at this rate the next one is about $6.91 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin XMR-USDT574.790.1015pay 0.1015% / 8h2h 24m$2.7M$11.2M75x
ShortKuCoin XMRUSDTM574.050.0324get 0.0324% / 8h2h 24m$45.0M$26.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
−$145.04
Price spread: −0.129% → −0.102%
−$2.64
Slippage, 4 orders
−$33.28
Fee BloFin: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$204.95
Costs to cover
0.573%
Break-even
never at this rate
Slippage from BloFin: live order book, 4 min ago; KuCoin: live order book, 4 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 BloFin live order book, 4 min ago0.09 bp10.4 bp −$1021.2 bp −$212doesn't fitdoesn't fit
Sell KuCoin live order book, 4 min ago3.40 bp19.1 bp −$1952.8 bp −$528doesn'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 −0.0003%1h573.55−0.216%$37K150xas long as short
Injective XMR/USDC PERP+0.0033%1h582.55+1.350%$3K$3K12xas long as short
edgeX XMRUSDC+0.0100%4h573.27−0.265%$1.0M$640K10xas long as short
SunX XMR-USDT+0.0100%8h573.82−0.169%$2K$1.8M20xas long as short
HTX XMR-USDT+0.0100%8h573.95−0.146%$1.1M$1.5M20xas long as short
Aevo XMR-PERP+0.0232%1h574.58−0.036%$12K3xas long as short
KuCoin XMRUSDTMshort+0.0324%8h574.05−0.129%$45.0M$26.2M50x
dYdX XMR-USD+0.0400%1h573.16−0.284%$104K$44K5xas long as short
Bitget XMRUSDT+0.0574%8h574.25−0.094%$9.5M$13.3M50xas long as short
MEXC XMR_USDT+0.0617%8h574.34−0.078%$19.8M$14.6M100xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance XMRUSDT+0.0617%8h574.30−0.085%$52.6M$160.8M75xas long as short
Gate XMR_USDT+0.0646%8h573.55−0.216%$1.5M$4.3M50xas long as short
Polymarket Perps XMR-USD+0.0650%1h574.01−0.136%$27K$2.2M5xas long as short
BingX XMR-USDT+0.0676%8h574.33−0.080%$5.6Mas long as short
Extended XMR-USD+0.0680%1h574.26−0.092%$3.0M$8.1M25xas long as short
Bybit XMRUSDT+0.0709%8h574.27−0.090%$46.5M$64.1M75xas long as short
Kraken Futures PF_XMRUSD+0.0746%1h573.48−0.227%$5.4M$19.1M50xas long as short
Aster XMRUSDT+0.0770%8h573.59−0.210%$642K$2.2M75xas long as short
Lighter XMR+0.0864%1h574.29−0.087%$3.1M$7.6M10xas long as short
Paradex XMR-USD-PERP+0.0887%8h574.49−0.053%$8K$4K20xas long as short
Pacifica XMR+0.0912%1h574.25−0.094%$265K$1.0M10xas long as short
GRVT XMR_USDT_Perp+0.1009%8h573.87−0.160%$345K$727K10xas long as short
BloFin XMR-USDTlong+0.1015%8h574.79long leg$2.7M$11.2M75x
GMX XMR/USD [WBTC.b-USDC]L +0.1079% / S −0.1440%1h573.25−0.269%$594K100xas long as short
Hyperliquid XMR+0.1080%1h574.08−0.124%$86.6M$70.8M5xas long as short
Variational Omni XMR+0.1182%8h573.18−0.280%$6.3M$2.3Mas long as short
Orderly PERP_XMR_USDC+0.1190%8h574.23−0.097%$40K$682K10xas long as short
Nado XMR-PERP+0.1240%1h574.35−0.077%$1.3M$452K10xas long as short
SoDEX XMR-USD+0.1255%1h574.57−0.038%$437K$3K5xas long as short
Backpack XMR_USDC_PERP+0.1375%1h574.37−0.073%$169K$531K20xas long as short
Aftermath Perps XMRUSD+0.2052%1h572.91−0.326%$1K$43K10xas long as short