Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0324%/8h= −35.5% APRpaid last 24h −0.210%

Price spread now: gTrade (Gains Network) against Binance+0.154%7-day average — · you sell dearer than you buy

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

Long on Binance Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.154% dearer against Binance than usual: you sell high and buy low (spread +0.154% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 38 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XMRUSDT	600.35	0.0333	pay 0.0333% / 8h	51m 49s	$55.0M	$163.9M	75x
Short	gTrade (Gains Network) XMR/USD	601.27	L +0.0010% / S −0.0009%	get 0.0001% / 1h	51m 49s	$45K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Binance. 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 BinancebpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.154%Rate

Funding earned: −$68.05
Price spread: +0.154% → 0.000%: $15.38
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$74.67
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 6 min ago; gTrade (Gains Network): 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 Binance live order book, 6 min ago	0.08 bp	12.4 bp −$12	21.3 bp −$213	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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/USDshort	L +0.0010% / S −0.0009%	1h	601.27	+0.154%	$45K	—	150x
Bybit XMRUSDT	+0.0100%	8h	600.42	+0.012%	$49.0M	$62.8M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	601.91	+0.260%	$1.1M	$665K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	601.17	+0.137%	$2K	$1.9M	20x	as long as short
Lighter XMR	+0.0136%	1h	600.18	−0.028%	$3.4M	$6.9M	10x	as long as short
Aevo XMR-PERP	+0.0168%	1h	602.31	+0.327%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0332%	8h	600.43	+0.014%	$22.4M	$14.9M	100x	as long as short
Binance XMRUSDTlong	+0.0333%	8h	600.35	long leg	$55.0M	$163.9M	75x
Variational Omni XMR	+0.0369%	8h	602.00	+0.276%	$7.0M	$2.5M	—	as long as short
BingX XMR-USDT	+0.0406%	8h	600.22	−0.021%	—	$5.7M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0425%	8h	600.19	−0.026%	$10.0M	$14.3M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0458%	1h	600.39	+0.007%	$5.7M	$20.5M	50x	as long as short
BloFin XMR-USDT	+0.0469%	8h	602.90	+0.425%	$2.8M	$11.7M	75x	as long as short
Gate XMR_USDT	+0.0536%	8h	600.29	−0.010%	$1.7M	$4.6M	50x	as long as short
Pacifica XMR	+0.0565%	1h	601.93	+0.264%	$283K	$1.0M	10x	as long as short
KuCoin XMRUSDTM	+0.0573%	8h	600.35	0.000%	$49.0M	$26.0M	50x	as long as short
Aster XMRUSDT	+0.0586%	8h	601.14	+0.132%	$694K	$2.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0615%	8h	602.14	+0.298%	$351K	$797K	10x	as long as short
SoDEX XMR-USD	+0.0616%	1h	601.69	+0.224%	$457K	$3K	5x	as long as short
Polymarket Perps XMR-USD	+0.0658%	1h	602.08	+0.289%	$23K	$1.8M	5x	as long as short
Backpack XMR_USDC_PERP	+0.0689%	1h	600.81	+0.077%	$205K	$575K	20x	as long as short
Paradex XMR-USD-PERP	+0.0868%	8h	602.17	+0.303%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0888% / S −0.2436%	1h	601.11	+0.128%	$556K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0956%	8h	601.57	+0.204%	$44K	$729K	10x	as long as short
Nado XMR-PERP	+0.1149%	1h	602.03	+0.281%	$1.3M	$475K	10x	as long as short
Injective XMR/USDC PERP	+0.1312%	1h	596.76	−0.598%	$3K	$6K	12x	as long as short
Hyperliquid XMR	+0.1433%	1h	600.70	+0.059%	$90.5M	$69.9M	5x	as long as short
Extended XMR-USD	+0.1816%	1h	600.76	+0.068%	$3.2M	$6.9M	25x	as long as short
HTX XMR-USDT	+0.1982%	8h	600.68	+0.055%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2311%	1h	600.96	+0.103%	$2K	$47K	10x	as long as short
dYdX XMR-USD	+0.2929%	1h	600.98	+0.106%	$109K	$50K	5x	as long as short