Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0090%/8h= +9.8% APRpaid last 24h +0.743%

Price spread now: HTX against gTrade (Gains Network)+0.042%51s7-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 HTX

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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and HTX is 0.042% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 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	573.76	L +0.0010% / S −0.0008%	pay 0.0001% / 1h	18m 22s	$50K	—	150x
Short	HTX XMR-USDT	574.00	0.0100	get 0.0100% / 8h	4h 18m	$1.1M	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.042%Rate

Funding earned: $18.88
Price spread: +0.042% → 0.000%: $4.17
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$0.95
Costs to cover: 0.240%
Break-even: 7.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; HTX: live order book, just now. 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 HTX live order book, just now	10.62 bp	58.0 bp −$58	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
Injective XMR/USDC PERP	−0.0136%	1h	582.55	+1.532%	$3K	$3K	12x	as long as short
gTrade (Gains Network) XMR/USDlong	L +0.0010% / S −0.0008%	1h	573.76	long leg	$50K	—	150x
Lighter XMR	+0.0096%	1h	574.16	+0.070%	$3.3M	$7.5M	10x	as long as short
edgeX XMRUSDC	+0.0100%	4h	576.43	+0.465%	$1.0M	$653K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	574.39	+0.110%	$2K	$1.9M	20x	as long as short
HTX XMR-USDTshort	+0.0100%	8h	574.00	+0.042%	$1.1M	$1.6M	20x
Kraken Futures PF_XMRUSD	+0.0149%	1h	573.46	−0.052%	$5.4M	$19.5M	50x	as long as short
Aevo XMR-PERP	+0.0200%	1h	574.85	+0.190%	$12K	—	3x	as long as short
Polymarket Perps XMR-USD	+0.0303%	1h	574.66	+0.157%	$26K	$2.2M	5x	as long as short
Gate XMR_USDT	+0.0373%	8h	574.53	+0.134%	$1.6M	$4.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit XMRUSDT	+0.0388%	8h	575.15	+0.242%	$46.8M	$64.4M	75x	as long as short
dYdX XMR-USD	+0.0395%	1h	573.73	−0.006%	$104K	$44K	5x	as long as short
KuCoin XMRUSDTM	+0.0460%	8h	574.10	+0.059%	$45.0M	$26.7M	50x	as long as short
MEXC XMR_USDT	+0.0482%	8h	575.16	+0.244%	$20.2M	$15.0M	100x	as long as short
Binance XMRUSDT	+0.0484%	8h	575.20	+0.251%	$52.6M	$164.8M	75x	as long as short
BingX XMR-USDT	+0.0500%	8h	575.27	+0.263%	—	$5.7M	—	as long as short
Bitget XMRUSDT	+0.0515%	8h	574.92	+0.202%	$9.4M	$14.0M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0526%	1h	574.27	+0.089%	$169K	$535K	20x	as long as short
Pacifica XMR	+0.0626%	1h	574.74	+0.171%	$265K	$1.1M	10x	as long as short
Extended XMR-USD	+0.0648%	1h	574.83	+0.185%	$3.1M	$8.4M	25x	as long as short
Aster XMRUSDT	+0.0670%	8h	573.89	+0.022%	$637K	$2.4M	75x	as long as short
BloFin XMR-USDT	+0.0773%	8h	575.00	+0.216%	$2.7M	$11.2M	75x	as long as short
Nado XMR-PERP	+0.0778%	1h	574.75	+0.173%	$1.3M	$466K	10x	as long as short
Paradex XMR-USD-PERP	+0.0797%	8h	575.13	+0.239%	$8K	$4K	20x	as long as short
Hyperliquid XMR	+0.0834%	1h	575.02	+0.219%	$86.5M	$71.0M	5x	as long as short
GRVT XMR_USDT_Perp	+0.0842%	8h	575.85	+0.364%	$345K	$733K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0989% / S −0.1253%	1h	573.75	−0.003%	$590K	—	100x	as long as short
Variational Omni XMR	+0.1014%	8h	574.77	+0.176%	$6.5M	$2.2M	—	as long as short
SoDEX XMR-USD	+0.1077%	1h	574.96	+0.209%	$437K	$3K	5x	as long as short
Orderly PERP_XMR_USDC	+0.1122%	8h	575.08	+0.230%	$40K	$735K	10x	as long as short
Aftermath Perps XMRUSD	+0.2011%	1h	574.85	+0.189%	$2K	$44K	10x	as long as short