Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0308%/8h= −33.8% APRpaid last 24h −0.185%

Price spread now: Gate against dYdX+0.032%46s7-day average +0.102% · you sell dearer than you buy

Net, funding: paid 7d − costs−$486as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$4354.347% of the position

Long on dYdX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.509%−$51 on $10k

Price spread, last 4 days (all we have)+0.269%+$27 · spread now +0.032%, 7d avg +0.102%

Together, before fees−0.240%−$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Gate is 0.070% cheaper against dYdX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.102%). Swap the legs. The two prices were read 46 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	dYdX XMR-USD	574.30	0.0869	pay 0.0109% / 1h	11m 52s	$104K	$44K	5x
Short	Gate XMR_USDT	574.48	0.0561	get 0.0561% / 8h	3h 11m	$1.5M	$4.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against dYdX. 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 dYdXbpFee GatebpOrdersPrice spread, now +0.032%Rate

Funding earned: −$64.74
Price spread: +0.032% → +0.102%: −$6.98
Slippage, 4 orders: −$409.67
Fee dYdX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$506.39
Costs to cover: 4.347%
Break-even: never at this rate

Slippage from dYdX: live order book, 42 min ago; Gate: live order book, 1 min ago.

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 dYdX live order book, 42 min ago	75.75 bp	91.9 bp −$92	93.1 bp −$931	147.8 bp −$14.8K	963.7 bp −$481.8K
Sell Gate live order book, 1 min ago	6.69 bp	27.2 bp −$27	48.4 bp −$484	doesn't fit	doesn't fit

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 −0.0003%	1h	573.59	−0.123%	$37K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.437%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	575.17	+0.153%	$1.0M	$645K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	573.90	−0.069%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	573.00	−0.226%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0224%	1h	575.70	+0.245%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSD	+0.0225%	1h	573.58	−0.124%	$5.4M	$19.1M	50x	as long as short
KuCoin XMRUSDTM	+0.0303%	8h	574.24	−0.010%	$45.0M	$26.4M	50x	as long as short
Paradex XMR-USD-PERP	+0.0478%	8h	575.32	+0.178%	$8K	$4K	20x	as long as short
Bitget XMRUSDT	+0.0522%	8h	574.82	+0.091%	$9.5M	$13.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XMR_USDTshort	+0.0561%	8h	574.48	+0.032%	$1.5M	$4.5M	50x
MEXC XMR_USDT	+0.0571%	8h	574.81	+0.090%	$19.9M	$14.7M	100x	as long as short
Binance XMRUSDT	+0.0572%	8h	574.68	+0.067%	$52.5M	$163.0M	75x	as long as short
BingX XMR-USDT	+0.0613%	8h	574.90	+0.105%	—	$5.6M	—	as long as short
Lighter XMR	+0.0624%	1h	574.65	+0.062%	$3.1M	$7.6M	10x	as long as short
Bybit XMRUSDT	+0.0643%	8h	574.77	+0.083%	$46.7M	$64.3M	75x	as long as short
Pacifica XMR	+0.0682%	1h	575.22	+0.161%	$266K	$1.0M	10x	as long as short
Backpack XMR_USDC_PERP	+0.0689%	1h	574.15	−0.025%	$169K	$532K	20x	as long as short
Extended XMR-USD	+0.0696%	1h	574.55	+0.044%	$3.1M	$8.3M	25x	as long as short
Aster XMRUSDT	+0.0723%	8h	574.82	+0.091%	$642K	$2.3M	75x	as long as short
Polymarket Perps XMR-USD	+0.0729%	1h	574.29	−0.001%	$28K	$2.2M	5x	as long as short
dYdX XMR-USDlong	+0.0869%	1h	574.30	long leg	$104K	$44K	5x
BloFin XMR-USDT	+0.0942%	8h	575.37	+0.187%	$2.7M	$11.2M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0986%	8h	576.48	+0.380%	$341K	$739K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0990% / S −0.1256%	1h	573.44	−0.150%	$591K	—	100x	as long as short
Nado XMR-PERP	+0.1114%	1h	574.70	+0.070%	$1.3M	$458K	10x	as long as short
Variational Omni XMR	+0.1143%	8h	573.01	−0.223%	$6.3M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1148%	8h	574.47	+0.030%	$40K	$735K	10x	as long as short
Hyperliquid XMR	+0.1220%	1h	574.58	+0.050%	$86.6M	$71.2M	5x	as long as short
SoDEX XMR-USD	+0.1392%	1h	574.66	+0.064%	$437K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.1887%	1h	574.20	−0.016%	$2K	$43K	10x	as long as short