Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0560%/8h= +61.3% APRpaid last 24h +0.123%

Price spread now: Gate against gTrade (Gains Network)−0.070%59s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Gate

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. Gate is 0.070% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.070% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 10 hours of funding at the current rate (+$17 a day). The two prices were read 59 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	gTrade (Gains Network) XMR/USD	569.26	L +0.0010% / S −0.0004%	pay 0.0001% / 1h	57m 28s	$33K	—	150x
Short	Gate XMR_USDT	568.86	0.0570	get 0.0570% / 8h	5h 57m	$1.5M	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee GatebpOrdersPrice spread, now −0.070%Rate

Funding earned: $117.58
Price spread: −0.070% → 0.000%: −$6.99
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $83.59
Costs to cover: 0.270%
Break-even: 2.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Gate: live order book, 3 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Gate live order book, 3 min ago	7.54 bp	22.8 bp −$23	44.9 bp −$449	doesn't fit	doesn't fit

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 exchanges

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/USDlong	L +0.0010% / S −0.0004%	1h	569.26	long leg	$33K	—	150x
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+2.335%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	570.11	+0.150%	$1.0M	$469K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	569.71	+0.079%	$2K	$874K	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	570.69	+0.252%	$1.1M	$932K	20x	as long as short
Polymarket Perps XMR-USD	+0.0197%	1h	568.90	−0.063%	$29K	$1.5M	5x	as long as short
Aevo XMR-PERP	+0.0200%	1h	570.41	+0.201%	$12K	—	3x	as long as short
Lighter XMR	+0.0376%	1h	568.92	−0.060%	$3.0M	$4.5M	10x	as long as short
MEXC XMR_USDT	+0.0474%	8h	569.11	−0.026%	$19.6M	$7.2M	100x	as long as short
Binance XMRUSDT	+0.0474%	8h	568.74	−0.092%	$52.3M	$80.6M	75x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid XMR	+0.0491%	1h	569.00	−0.045%	$86.6M	$52.1M	5x	as long as short
Aster XMRUSDT	+0.0513%	8h	568.79	−0.083%	$658K	$1.2M	75x	as long as short
Bybit XMRUSDT	+0.0566%	8h	569.23	−0.005%	$46.2M	$41.2M	75x	as long as short
Gate XMR_USDTshort	+0.0570%	8h	568.86	−0.070%	$1.5M	$2.2M	50x
KuCoin XMRUSDTM	+0.0595%	8h	569.25	−0.001%	$45.8M	$14.9M	50x	as long as short
Extended XMR-USD	+0.0624%	1h	569.00	−0.046%	$3.0M	$6.4M	25x	as long as short
Kraken Futures PF_XMRUSD	+0.0656%	1h	569.12	−0.025%	$5.4M	$6.4M	50x	as long as short
BingX XMR-USDT	+0.0677%	8h	569.26	0.000%	—	$4.6M	—	as long as short
SoDEX XMR-USD	+0.0685%	1h	570.26	+0.176%	$433K	$4K	5x	as long as short
Bitget XMRUSDT	+0.0713%	8h	568.96	−0.052%	$9.1M	$8.8M	50x	as long as short
Paradex XMR-USD-PERP	+0.0714%	8h	569.11	−0.027%	$8K	$1K	20x	as long as short
Pacifica XMR	+0.0759%	1h	569.05	−0.036%	$268K	$609K	10x	as long as short
Nado XMR-PERP	+0.0760%	1h	569.23	−0.004%	$1.2M	$166K	10x	as long as short
GRVT XMR_USDT_Perp	+0.0761%	8h	570.81	+0.272%	$332K	$669K	10x	as long as short
BloFin XMR-USDT	+0.0764%	8h	570.58	+0.232%	$2.7M	$9.1M	75x	as long as short
Variational Omni XMR	+0.0837%	8h	570.18	+0.162%	$6.1M	$2.2M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0936% / S −0.1108%	1h	567.95	−0.230%	$591K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1059%	8h	569.02	−0.042%	$41K	$311K	10x	as long as short
Backpack XMR_USDC_PERP	+0.1176%	1h	569.80	+0.095%	$128K	$407K	20x	as long as short
Aftermath Perps XMRUSD	+0.2126%	1h	569.28	+0.003%	$1K	$37K	10x	as long as short
dYdX XMR-USD	+0.3705%	1h	568.53	−0.128%	$103K	$24K	5x	as long as short