Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0850%/8h= +93.1% APRpaid last 24h +0.275%

Price spread now: Paradex against gTrade (Gains Network)−0.033%7-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 Paradex

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 airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.033% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.033% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$26 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XMR/USD	596.80	L +0.0010% / S −0.0009%	pay 0.0001% / 1h	16m 53s	$45K	—	150x
Short	Paradex XMR-USD-PERP	596.60	0.0860	get 0.0860% / 8h	1h 16m	$8K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.033%Rate

Funding earned: $178.53
Price spread: −0.033% → 0.000%: −$3.34
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: $159.2
Costs to cover: 0.160%
Break-even: 0.8 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Paradex: 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

gTrade (Gains Network) and Paradex: 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 −0.0009%	1h	596.80	long leg	$45K	—	150x
Bybit XMRUSDT	+0.0100%	8h	597.96	+0.195%	$48.5M	$61.9M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	596.41	−0.065%	$1.1M	$665K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	596.76	−0.006%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0160%	1h	598.44	+0.276%	$12K	—	3x	as long as short
Variational Omni XMR	+0.0298%	8h	597.20	+0.067%	$6.9M	$2.6M	—	as long as short
MEXC XMR_USDT	+0.0329%	8h	597.73	+0.157%	$22.3M	$15.0M	100x	as long as short
Binance XMRUSDT	+0.0331%	8h	597.45	+0.110%	$54.8M	$163.2M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0382%	1h	596.60	−0.033%	$5.7M	$20.4M	50x	as long as short
Pacifica XMR	+0.0387%	1h	596.94	+0.023%	$271K	$1.0M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX XMR-USDT	+0.0392%	8h	597.61	+0.136%	—	$5.7M	—	as long as short
Bitget XMRUSDT	+0.0415%	8h	597.70	+0.151%	$10.0M	$14.2M	50x	as long as short
BloFin XMR-USDT	+0.0465%	8h	597.49	+0.116%	$2.8M	$11.5M	75x	as long as short
Gate XMR_USDT	+0.0533%	8h	596.70	−0.016%	$1.7M	$4.6M	50x	as long as short
KuCoin XMRUSDTM	+0.0542%	8h	596.75	−0.008%	$48.6M	$25.8M	50x	as long as short
Aster XMRUSDT	+0.0549%	8h	597.31	+0.086%	$683K	$2.4M	75x	as long as short
Lighter XMR	+0.0576%	1h	597.11	+0.053%	$3.4M	$6.9M	10x	as long as short
GRVT XMR_USDT_Perp	+0.0604%	8h	596.87	+0.012%	$348K	$797K	10x	as long as short
Injective XMR/USDC PERP	+0.0695%	1h	596.76	−0.006%	$3K	$6K	12x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0808% / S −0.1288%	1h	596.67	−0.022%	$331K	—	100x	as long as short
Paradex XMR-USD-PERPshort	+0.0860%	8h	596.60	−0.033%	$8K	$4K	20x
Polymarket Perps XMR-USD	+0.0866%	1h	597.58	+0.131%	$23K	$1.8M	5x	as long as short
SoDEX XMR-USD	+0.0892%	1h	597.74	+0.158%	$454K	$3K	5x	as long as short
Orderly PERP_XMR_USDC	+0.0943%	8h	597.13	+0.056%	$44K	$729K	10x	as long as short
Backpack XMR_USDC_PERP	+0.0962%	1h	596.84	+0.007%	$203K	$575K	20x	as long as short
Nado XMR-PERP	+0.1307%	1h	597.02	+0.038%	$1.3M	$474K	10x	as long as short
dYdX XMR-USD	+0.1753%	1h	594.59	−0.369%	$108K	$50K	5x	as long as short
Extended XMR-USD	+0.1872%	1h	597.67	+0.146%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1898%	1h	597.98	+0.198%	$89.3M	$69.2M	5x	as long as short
HTX XMR-USDT	+0.1960%	8h	595.73	−0.179%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2404%	1h	596.58	−0.036%	$2K	$47K	10x	as long as short