Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1224%/8h= −134.0% APRpaid last 24h −0.099%

Price spread now: gTrade (Gains Network) against Bybit−0.276%7-day average — · you buy dearer than you sell

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

Long on Bybit 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

Both sides work against this trade now: funding costs −$37 a day on $10k at the current rate, and gTrade (Gains Network) is 0.276% cheaper against Bybit than usual: you would sell low and buy high (−$28 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XMRUSDT	588.30	0.1233	pay 0.1233% / 8h	7h 09m	$47.3M	$64.5M	75x
Short	gTrade (Gains Network) XMR/USD	586.67	L +0.0010% / S −0.0009%	get 0.0001% / 1h	9m 28s	$45K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bybit. 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 BybitbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.276%Rate

Funding earned: −$257.05
Price spread: −0.276% → 0.000%: −$27.62
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$307.67
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago	2.47 bp	10.3 bp −$10	20.1 bp −$201	87.3 bp −$8,727	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	586.67	−0.276%	$45K	—	150x
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.438%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	587.39	−0.155%	$1.0M	$661K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	587.44	−0.146%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	587.33	−0.165%	$1.1M	$1.6M	20x	as long as short
dYdX XMR-USD	+0.0118%	1h	585.90	−0.409%	$106K	$50K	5x	as long as short
Aevo XMR-PERP	+0.0192%	1h	588.12	−0.031%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0433%	8h	587.86	−0.075%	$21.3M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0434%	8h	587.98	−0.055%	$53.7M	$166.9M	75x	as long as short
Bitget XMRUSDT	+0.0562%	8h	587.72	−0.099%	$9.6M	$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	+0.0625%	8h	587.65	−0.110%	$2.8M	$11.5M	75x	as long as short
Aster XMRUSDT	+0.0627%	8h	587.99	−0.053%	$652K	$2.5M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0648%	1h	586.88	−0.242%	$5.6M	$20.5M	50x	as long as short
Pacifica XMR	+0.0659%	1h	587.56	−0.126%	$270K	$1.1M	10x	as long as short
Gate XMR_USDT	+0.0704%	8h	587.58	−0.122%	$1.6M	$4.6M	50x	as long as short
KuCoin XMRUSDTM	+0.0722%	8h	587.45	−0.144%	$48.2M	$26.0M	50x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0869% / S −0.2458%	1h	586.52	−0.303%	$546K	—	100x	as long as short
Variational Omni XMR	+0.0908%	8h	587.73	−0.097%	$6.7M	$2.6M	—	as long as short
GRVT XMR_USDT_Perp	+0.0913%	8h	587.33	−0.164%	$347K	$792K	10x	as long as short
Backpack XMR_USDC_PERP	+0.0982%	1h	587.55	−0.127%	$184K	$535K	20x	as long as short
Orderly PERP_XMR_USDC	+0.1043%	8h	587.89	−0.070%	$43K	$739K	10x	as long as short
Polymarket Perps XMR-USD	+0.1127%	1h	587.64	−0.112%	$46K	$1.9M	5x	as long as short
BingX XMR-USDT	+0.1136%	8h	588.29	−0.002%	—	$5.8M	—	as long as short
Lighter XMR	+0.1200%	1h	587.38	−0.157%	$3.3M	$7.2M	10x	as long as short
Bybit XMRUSDTlong	+0.1233%	8h	588.30	long leg	$47.3M	$64.5M	75x
Paradex XMR-USD-PERP	+0.1265%	8h	587.25	−0.178%	$8K	$4K	20x	as long as short
SoDEX XMR-USD	+0.1271%	1h	588.01	−0.049%	$447K	$3K	5x	as long as short
Nado XMR-PERP	+0.1405%	1h	587.73	−0.096%	$1.3M	$464K	10x	as long as short
Hyperliquid XMR	+0.1918%	1h	587.99	−0.053%	$89.2M	$72.7M	5x	as long as short
Extended XMR-USD	+0.2440%	1h	587.42	−0.149%	$3.1M	$8.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2650%	1h	587.83	−0.081%	$1K	$46K	10x	as long as short