Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1010%/8h= +110.6% APRpaid last 24h +0.238%

Price spread now: GRVT against gTrade (Gains Network)+0.107%68s7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on GRVT

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—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and GRVT is 0.107% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 68 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	575.08	L +0.0010% / S −0.0003%	pay 0.0001% / 1h	16m 02s	$38K	—	150x
Short	GRVT XMR_USDT_Perp	575.69	0.1020	get 0.1020% / 8h	2h 16m	$346K	$727K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.107%Rate

Funding earned: $212.08
Price spread: +0.107% → 0.000%: $10.68
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $201.77
Costs to cover: 0.210%
Break-even: 0.3 days

Slippage unknown: gTrade (Gains Network): no order-book sample; GRVT: live order book, 32 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 GRVT live order book, 32 min ago	1.14 bp	11.4 bp −$11	doesn't fit	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 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/USDlong	L +0.0010% / S −0.0003%	1h	575.08	long leg	$38K	—	150x
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.300%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	575.74	+0.115%	$1.0M	$642K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	575.62	+0.095%	$2K	$1.8M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	574.96	−0.020%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0240%	1h	576.50	+0.247%	$12K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0324%	8h	576.20	+0.196%	$45.3M	$26.2M	50x	as long as short
dYdX XMR-USD	+0.0329%	1h	574.55	−0.091%	$104K	$44K	5x	as long as short
Bitget XMRUSDT	+0.0586%	8h	577.40	+0.404%	$9.5M	$13.1M	50x	as long as short
MEXC XMR_USDT	+0.0625%	8h	577.18	+0.366%	$20.0M	$14.6M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XMRUSDT	+0.0627%	8h	577.47	+0.416%	$52.8M	$160.6M	75x	as long as short
Gate XMR_USDT	+0.0665%	8h	576.31	+0.215%	$1.6M	$4.3M	50x	as long as short
BingX XMR-USDT	+0.0669%	8h	577.33	+0.392%	—	$5.6M	—	as long as short
Polymarket Perps XMR-USD	+0.0672%	1h	576.14	+0.185%	$27K	$2.1M	5x	as long as short
Bybit XMRUSDT	+0.0707%	8h	577.15	+0.361%	$46.7M	$64.0M	75x	as long as short
Extended XMR-USD	+0.0720%	1h	577.01	+0.337%	$3.0M	$8.2M	25x	as long as short
Kraken Futures PF_XMRUSD	+0.0744%	1h	575.24	+0.028%	$5.4M	$18.9M	50x	as long as short
Aster XMRUSDT	+0.0787%	8h	576.59	+0.263%	$649K	$2.2M	75x	as long as short
Paradex XMR-USD-PERP	+0.0888%	8h	575.75	+0.118%	$8K	$4K	20x	as long as short
Lighter XMR	+0.0896%	1h	576.39	+0.229%	$3.1M	$7.6M	10x	as long as short
Pacifica XMR	+0.0912%	1h	575.56	+0.085%	$266K	$1.0M	10x	as long as short
GRVT XMR_USDT_Perpshort	+0.1020%	8h	575.69	+0.107%	$346K	$727K	10x
BloFin XMR-USDT	+0.1030%	8h	576.36	+0.223%	$2.7M	$11.2M	75x	as long as short
Hyperliquid XMR	+0.1063%	1h	576.94	+0.324%	$87.1M	$70.9M	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1085% / S −0.1451%	1h	575.15	+0.013%	$596K	—	100x	as long as short
Variational Omni XMR	+0.1174%	8h	575.62	+0.096%	$6.4M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1195%	8h	576.04	+0.168%	$40K	$674K	10x	as long as short
Nado XMR-PERP	+0.1245%	1h	576.23	+0.200%	$1.3M	$450K	10x	as long as short
SoDEX XMR-USD	+0.1338%	1h	576.52	+0.251%	$438K	$3K	5x	as long as short
Backpack XMR_USDC_PERP	+0.1408%	1h	576.57	+0.260%	$169K	$532K	20x	as long as short
Aftermath Perps XMRUSD	+0.2044%	1h	575.24	+0.028%	$2K	$42K	10x	as long as short