Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0392%/8h= +42.9% APRpaid last 24h +0.119%

Price spread now: Binance against Injective−0.679%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Binance is 0.679% cheaper against Injective than usual: you would sell low and buy high (spread −0.679% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$68 on $10k: about 5.8 days of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XMR/USDC PERP	596.76	0.0033	pay 0.0004% / 1h	35m 18s	$3K	$4K	12x
Short	Binance XMRUSDT	592.71	0.0425	get 0.0425% / 8h	7h 35m	$54.2M	$166.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Injective. 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 InjectivebpFee BinancebpOrdersPrice spread, now −0.679%Rate

Funding earned: $82.31
Price spread: −0.679% → 0.000%: −$67.91
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: $4.38
Costs to cover: 0.100%
Break-even: 6.6 days

Slippage unknown: Injective: no order-book sample; Binance: live order book, 8 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 Injective no order-book sample	—	—	—	—	—
Sell Binance live order book, 8 min ago	0.09 bp	10.5 bp −$10	30.1 bp −$301	81.1 bp −$8,113	doesn't fit

Injective: 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 −0.0009%	1h	591.47	−0.887%	$45K	—	150x	as long as short
Injective XMR/USDC PERPlong	+0.0033%	1h	596.76	long leg	$3K	$4K	12x
dYdX XMR-USD	+0.0076%	1h	591.47	−0.886%	$107K	$50K	5x	as long as short
edgeX XMRUSDC	+0.0100%	4h	592.20	−0.764%	$1.1M	$659K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	591.93	−0.809%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	591.95	−0.806%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0184%	1h	592.87	−0.651%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0422%	8h	592.52	−0.711%	$21.6M	$15.2M	100x	as long as short
Binance XMRUSDTshort	+0.0425%	8h	592.71	−0.679%	$54.2M	$166.9M	75x
Bitget XMRUSDT	+0.0522%	8h	592.92	−0.643%	$9.8M	$14.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin XMR-USDT	+0.0604%	8h	592.49	−0.716%	$2.8M	$11.7M	75x	as long as short
Aster XMRUSDT	+0.0637%	8h	592.41	−0.729%	$655K	$2.5M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0643%	1h	591.78	−0.834%	$5.6M	$20.5M	50x	as long as short
Pacifica XMR	+0.0659%	1h	592.75	−0.672%	$278K	$1.1M	10x	as long as short
KuCoin XMRUSDTM	+0.0676%	8h	592.32	−0.744%	$48.5M	$26.1M	50x	as long as short
Variational Omni XMR	+0.0813%	8h	593.30	−0.579%	$6.8M	$2.6M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0872% / S −0.2452%	1h	591.59	−0.866%	$550K	—	100x	as long as short
Backpack XMR_USDC_PERP	+0.0962%	1h	592.45	−0.722%	$201K	$526K	20x	as long as short
Gate XMR_USDT	+0.1007%	8h	592.36	−0.737%	$1.6M	$4.6M	50x	as long as short
Orderly PERP_XMR_USDC	+0.1027%	8h	592.79	−0.665%	$42K	$738K	10x	as long as short
Paradex XMR-USD-PERP	+0.1170%	8h	592.48	−0.718%	$8K	$4K	20x	as long as short
Lighter XMR	+0.1240%	1h	592.66	−0.687%	$3.3M	$7.1M	10x	as long as short
Polymarket Perps XMR-USD	+0.1317%	1h	592.65	−0.689%	$48K	$1.9M	5x	as long as short
GRVT XMR_USDT_Perp	+0.1340%	8h	593.01	−0.628%	$350K	$804K	10x	as long as short
Nado XMR-PERP	+0.1387%	1h	592.68	−0.684%	$1.3M	$467K	10x	as long as short
SoDEX XMR-USD	+0.1447%	1h	592.94	−0.640%	$451K	$3K	5x	as long as short
BingX XMR-USDT	+0.1447%	8h	592.92	−0.643%	—	$5.8M	—	as long as short
Bybit XMRUSDT	+0.1458%	8h	592.94	−0.640%	$47.8M	$64.5M	75x	as long as short
Hyperliquid XMR	+0.2147%	1h	593.31	−0.578%	$89.9M	$72.4M	5x	as long as short
Extended XMR-USD	+0.2456%	1h	592.90	−0.647%	$3.2M	$7.9M	25x	as long as short
Aftermath Perps XMRUSD	+0.2558%	1h	591.94	−0.807%	$1K	$46K	10x	as long as short