Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0246%/8h= −27.0% APRpaid last 24h +0.183%

Price spread now: dYdX against Gate−0.234%46s7-day average −0.103% · you buy dearer than you sell

Net, funding: paid 7d − costs−$341as 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−$3933.929% of the position

Long on Gate Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.520%+$52 on $10k

Price spread, last 4 days (all we have)−0.050%−$5 · spread now −0.234%, 7d avg −0.103%

Together, before fees+0.469%+$47 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and dYdX is 0.131% cheaper against Gate than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.103%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.520%, so the current rate has only just turned against you. 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	Gate XMR_USDT	574.50	0.0646	pay 0.0646% / 8h	2h 23m	$1.6M	$4.3M	50x
Short	dYdX XMR-USD	573.16	0.0400	get 0.0050% / 1h	23m 45s	$104K	$44K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Gate. 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 GatebpFee dYdXbpOrdersPrice spread, now −0.234%Rate

Funding earned: −$51.76
Price spread: −0.234% → −0.103%: −$13.05
Slippage, 4 orders: −$367.89
Fee Gate: 7.5 bp × 2 orders: −$15
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$457.71
Costs to cover: 3.929%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; dYdX: live order book, 25 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 Gate live order book, 4 min ago	6.37 bp	24.3 bp −$24	69.1 bp −$691	doesn't fit	doesn't fit
Sell dYdX live order book, 25 min ago	85.26 bp	246.9 bp −$247	270.5 bp −$2,705	429.5 bp −$42.9K	1160.4 bp −$580.2K

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	573.60	−0.157%	$37K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.401%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	573.27	−0.215%	$1.0M	$640K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	573.47	−0.179%	$2K	$1.8M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	573.95	−0.096%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0232%	1h	574.56	+0.011%	$12K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0322%	8h	574.31	−0.033%	$45.1M	$26.1M	50x	as long as short
dYdX XMR-USDshort	+0.0400%	1h	573.16	−0.234%	$104K	$44K	5x
Bitget XMRUSDT	+0.0574%	8h	575.65	+0.200%	$9.5M	$13.3M	50x	as long as short
MEXC XMR_USDT	+0.0617%	8h	575.18	+0.118%	$19.8M	$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	+0.0617%	8h	575.19	+0.121%	$52.6M	$160.8M	75x	as long as short
Gate XMR_USDTlong	+0.0646%	8h	574.50	long leg	$1.6M	$4.3M	50x
Polymarket Perps XMR-USD	+0.0650%	1h	574.01	−0.085%	$27K	$2.2M	5x	as long as short
Extended XMR-USD	+0.0672%	1h	575.03	+0.093%	$3.0M	$8.1M	25x	as long as short
BingX XMR-USDT	+0.0676%	8h	575.67	+0.204%	—	$5.6M	—	as long as short
Bybit XMRUSDT	+0.0709%	8h	575.52	+0.178%	$46.6M	$64.2M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0746%	1h	573.90	−0.105%	$5.4M	$19.1M	50x	as long as short
Aster XMRUSDT	+0.0770%	8h	574.54	+0.007%	$643K	$2.2M	75x	as long as short
Lighter XMR	+0.0872%	1h	574.52	+0.004%	$3.1M	$7.6M	10x	as long as short
Paradex XMR-USD-PERP	+0.0887%	8h	574.49	−0.002%	$8K	$4K	20x	as long as short
Pacifica XMR	+0.0912%	1h	574.25	−0.043%	$265K	$1.0M	10x	as long as short
GRVT XMR_USDT_Perp	+0.1009%	8h	573.87	−0.110%	$345K	$727K	10x	as long as short
BloFin XMR-USDT	+0.1015%	8h	574.79	+0.050%	$2.7M	$11.2M	75x	as long as short
Hyperliquid XMR	+0.1074%	1h	575.40	+0.157%	$86.8M	$70.8M	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1081% / S −0.1444%	1h	573.26	−0.216%	$593K	—	100x	as long as short
Variational Omni XMR	+0.1182%	8h	573.18	−0.230%	$6.3M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1190%	8h	574.60	+0.017%	$40K	$680K	10x	as long as short
Nado XMR-PERP	+0.1240%	1h	574.35	−0.027%	$1.3M	$452K	10x	as long as short
SoDEX XMR-USD	+0.1250%	1h	574.79	+0.050%	$437K	$3K	5x	as long as short
Backpack XMR_USDC_PERP	+0.1384%	1h	574.45	−0.009%	$169K	$531K	20x	as long as short
Aftermath Perps XMRUSD	+0.2046%	1h	573.12	−0.240%	$1K	$42K	10x	as long as short