Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0859%/8h= +94.1% APRpaid last 24h +0.070%

Price spread now: GMX against Aster−0.101%7-day average −0.151% · you buy dearer than you sell

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

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.175%+$17 on $10k

Price spread, last 3 days (all we have)+0.040%+$4 · spread now −0.101%, 7d avg −0.151%

Together, before fees+0.214%+ Points / potential airdropAster: Stage 5 · farm board+$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and GMX is 0.050% dearer against Aster than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.151%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.175% in total (about 20.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XMRUSDT	593.68	0.0551	pay 0.0551% / 8h	2h 37m	$669K	$2.3M	75x
Short	GMX XMR/USD [WBTC.b-USDC]	593.09	L +0.0841% / S −0.1411%	get 0.0176% / 1h	37m 41s	$353K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Aster. 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 AsterbpFee GMXbpOrdersPrice spread, now −0.101%Rate

Funding earned: $180.49
Price spread: −0.101% → −0.151%: $5.02
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $165.51
Costs to cover: 0.200%
Break-even: 0.6 days

Slippage unknown: Aster: live order book, 1 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 Aster live order book, 1 min ago	2.19 bp	9.9 bp −$10	43.4 bp −$434	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 −0.0009%	1h	593.31	−0.063%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	591.89	−0.302%	$3K	$6K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	594.98	+0.219%	$47.6M	$60.8M	75x	as long as short
Backpack XMR_USDC_PERP	+0.0100%	1h	593.40	−0.048%	$202K	$568K	20x	as long as short
edgeX XMRUSDC	+0.0100%	4h	593.35	−0.056%	$1.1M	$671K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	593.20	−0.081%	$2K	$1.9M	20x	as long as short
Polymarket Perps XMR-USD	+0.0165%	1h	594.04	+0.060%	$24K	$1.8M	5x	as long as short
Aevo XMR-PERP	+0.0176%	1h	594.17	+0.081%	$12K	—	3x	as long as short
Lighter XMR	+0.0216%	1h	594.80	+0.189%	$3.5M	$6.7M	10x	as long as short
SoDEX XMR-USD	+0.0217%	1h	593.91	+0.038%	$451K	$4K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX XMR-USD	+0.0266%	1h	594.39	+0.119%	$108K	$50K	5x	as long as short
Variational Omni XMR	+0.0300%	8h	593.60	−0.013%	$6.9M	$2.8M	—	as long as short
MEXC XMR_USDT	+0.0367%	8h	595.24	+0.262%	$22.7M	$15.2M	100x	as long as short
Binance XMRUSDT	+0.0368%	8h	595.16	+0.249%	$54.5M	$161.8M	75x	as long as short
BingX XMR-USDT	+0.0373%	8h	595.43	+0.294%	—	$5.8M	—	as long as short
Gate XMR_USDT	+0.0376%	8h	594.87	+0.200%	$1.6M	$4.5M	50x	as long as short
Bitget XMRUSDT	+0.0391%	8h	595.83	+0.362%	$9.9M	$14.0M	50x	as long as short
BloFin XMR-USDT	+0.0518%	8h	592.79	−0.150%	$2.8M	$11.3M	75x	as long as short
Aster XMRUSDTlong	+0.0551%	8h	593.68	long leg	$669K	$2.3M	75x
Kraken Futures PF_XMRUSD	+0.0613%	1h	593.08	−0.101%	$5.6M	$20.3M	50x	as long as short
Pacifica XMR	+0.0619%	1h	595.25	+0.265%	$269K	$1.0M	10x	as long as short
GRVT XMR_USDT_Perp	+0.0624%	8h	593.34	−0.057%	$346K	$796K	10x	as long as short
KuCoin XMRUSDTM	+0.0627%	8h	594.49	+0.136%	$49.5M	$25.4M	50x	as long as short
Paradex XMR-USD-PERP	+0.0738%	8h	595.25	+0.264%	$8K	$4K	20x	as long as short
Nado XMR-PERP	+0.0810%	1h	593.63	−0.009%	$1.3M	$477K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]short	L +0.0841% / S −0.1411%	1h	593.09	−0.101%	$353K	—	100x
Orderly PERP_XMR_USDC	+0.0869%	8h	593.93	+0.042%	$48K	$729K	10x	as long as short
Extended XMR-USD	+0.1080%	1h	595.30	+0.272%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1568%	1h	595.99	+0.389%	$86.8M	$65.4M	5x	as long as short
Aftermath Perps XMRUSD	+0.2309%	1h	593.34	−0.057%	$2K	$47K	10x	as long as short
HTX XMR-USDT	+0.2404%	8h	590.92	−0.465%	$1.1M	$1.4M	20x	as long as short