Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0136%/8h= −14.9% APRpaid last 24h −0.093%

Price spread now: BloFin against GMX+0.278%189s7-day average +0.204% · you sell dearer than you buy

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

Long on GMX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.061%−$6 on $10k

Price spread, last 4 days (all we have)−0.049%−$5 · spread now +0.278%, 7d avg +0.204%

Together, before fees−0.110%−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.073% dearer against GMX than usual: you sell high and buy low (spread +0.278% now, against its 7-day average of +0.204%): +$7 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 43 hours. At the pace of the last 4 days (−0.061% in total) that is about 4.3 days. The two prices were read 189 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XMR/USD [WBTC.b-USDC]	565.78	L +0.0935% / S −0.1108%	pay 0.0117% / 1h	48m 21s	$589K	—	100x
Short	BloFin XMR-USDT	567.35	0.0799	get 0.0799% / 8h	5h 48m	$2.7M	$9.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GMXbpFee BloFinbpOrdersPrice spread, now +0.278%Rate

Funding earned: −$28.6
Price spread: +0.278% → +0.204%: $7.34
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$45.26
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; BloFin: live order book, 3 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell BloFin live order book, 3 min ago	4.50 bp	11.0 bp −$11	19.2 bp −$192	doesn't fit	doesn't fit

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 exchanges

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	566.38	+0.106%	$32K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+2.964%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	567.38	+0.282%	$1.0M	$464K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	566.86	+0.191%	$2K	$861K	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	567.89	+0.373%	$1.0M	$933K	20x	as long as short
Lighter XMR	+0.0152%	1h	567.72	+0.343%	$3.0M	$4.5M	10x	as long as short
Aevo XMR-PERP	+0.0200%	1h	567.27	+0.264%	$11K	—	3x	as long as short
Polymarket Perps XMR-USD	+0.0363%	1h	567.56	+0.315%	$29K	$1.5M	5x	as long as short
Binance XMRUSDT	+0.0469%	8h	567.56	+0.315%	$52.3M	$79.9M	75x	as long as short
MEXC XMR_USDT	+0.0472%	8h	567.68	+0.336%	$19.5M	$7.2M	100x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XMR-USD	+0.0488%	1h	567.42	+0.290%	$3.1M	$6.4M	25x	as long as short
Aster XMRUSDT	+0.0501%	8h	567.82	+0.361%	$656K	$1.2M	75x	as long as short
Bybit XMRUSDT	+0.0544%	8h	567.57	+0.316%	$46.0M	$41.1M	75x	as long as short
Gate XMR_USDT	+0.0567%	8h	567.57	+0.316%	$1.5M	$2.2M	50x	as long as short
KuCoin XMRUSDTM	+0.0607%	8h	567.86	+0.368%	$46.0M	$14.9M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0659%	1h	566.48	+0.123%	$5.4M	$6.3M	50x	as long as short
BingX XMR-USDT	+0.0675%	8h	567.77	+0.352%	—	$4.5M	—	as long as short
Paradex XMR-USD-PERP	+0.0718%	8h	567.92	+0.379%	$8K	$1K	20x	as long as short
Bitget XMRUSDT	+0.0723%	8h	567.77	+0.352%	$9.1M	$8.8M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0723%	8h	567.43	+0.292%	$339K	$682K	10x	as long as short
Backpack XMR_USDC_PERP	+0.0748%	1h	567.55	+0.313%	$127K	$406K	20x	as long as short
Pacifica XMR	+0.0759%	1h	567.89	+0.373%	$268K	$607K	10x	as long as short
BloFin XMR-USDTshort	+0.0799%	8h	567.35	+0.278%	$2.7M	$9.1M	75x
Nado XMR-PERP	+0.0827%	1h	567.69	+0.338%	$1.2M	$164K	10x	as long as short
Variational Omni XMR	+0.0835%	8h	567.36	+0.279%	$6.1M	$2.1M	—	as long as short
SoDEX XMR-USD	+0.0892%	1h	567.63	+0.327%	$431K	$4K	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]long	L +0.0935% / S −0.1108%	1h	565.78	long leg	$589K	—	100x
Hyperliquid XMR	+0.1009%	1h	567.84	+0.364%	$86.4M	$51.8M	5x	as long as short
Orderly PERP_XMR_USDC	+0.1056%	8h	567.37	+0.281%	$41K	$295K	10x	as long as short
Aftermath Perps XMRUSD	+0.2126%	1h	567.72	+0.343%	$1K	$37K	10x	as long as short
dYdX XMR-USD	+0.3637%	1h	566.13	+0.062%	$103K	$24K	5x	as long as short