Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1766%/8h= +193.4% APRpaid last 24h +0.028%

Price spread now: GMX against Gate−0.119%7-day average −0.084% · you buy dearer than you sell

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

Long on Gate Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.020%+$2 on $10k

Price spread, last 3 days (all we have)+0.130%+$13 · spread now −0.119%, 7d avg −0.084%

Together, before fees+0.150%+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.036% cheaper against Gate than usual: you would sell low and buy high (spread −0.119% now, against its 7-day average of −0.084%). If the spread goes back, that is −$4 on $10k: about 2 hours of funding at the current rate (+$53 a day). At the pace of the last 3 days (+0.020% in total) that is about 5.5 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.020% in total (about 2.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XMR_USDT	600.33	0.0544	pay 0.0544% / 8h	57m 44s	$1.7M	$4.6M	50x
Short	GMX XMR/USD [WBTC.b-USDC]	599.61	L +0.0885% / S −0.2310%	get 0.0289% / 1h	57m 44s	$549K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.119%Rate

Funding earned: $370.82
Price spread: −0.119% → −0.084%: −$3.55
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: $340.27
Costs to cover: 0.270%
Break-even: 0.6 days

Slippage unknown: Gate: live order book, just now; GMX: 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 Gate live order book, just now	7.74 bp	17.8 bp −$18	36.6 bp −$366	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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/USD	L +0.0010% / S −0.0009%	1h	599.91	−0.069%	$45K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	600.77	+0.073%	$48.9M	$62.4M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	598.65	−0.280%	$1.1M	$666K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	599.61	−0.120%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0160%	1h	600.58	+0.042%	$12K	—	3x	as long as short
Lighter XMR	+0.0224%	1h	600.35	+0.003%	$3.4M	$6.9M	10x	as long as short
Backpack XMR_USDC_PERP	+0.0314%	1h	599.76	−0.095%	$204K	$575K	20x	as long as short
MEXC XMR_USDT	+0.0328%	8h	600.57	+0.040%	$22.4M	$14.9M	100x	as long as short
Binance XMRUSDT	+0.0329%	8h	600.54	+0.034%	$55.0M	$163.5M	75x	as long as short
Variational Omni XMR	+0.0347%	8h	599.64	−0.114%	$6.9M	$2.5M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX XMR-USD	+0.0352%	1h	600.44	+0.018%	$456K	$3K	5x	as long as short
BingX XMR-USDT	+0.0396%	8h	600.79	+0.077%	—	$5.7M	—	as long as short
Bitget XMRUSDT	+0.0423%	8h	600.47	+0.023%	$10.0M	$14.2M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0459%	1h	599.44	−0.148%	$5.7M	$20.3M	50x	as long as short
BloFin XMR-USDT	+0.0461%	8h	600.92	+0.098%	$2.8M	$11.6M	75x	as long as short
Polymarket Perps XMR-USD	+0.0468%	1h	600.66	+0.055%	$23K	$1.8M	5x	as long as short
Gate XMR_USDTlong	+0.0544%	8h	600.33	long leg	$1.7M	$4.6M	50x
Pacifica XMR	+0.0565%	1h	600.82	+0.082%	$283K	$1.0M	10x	as long as short
KuCoin XMRUSDTM	+0.0574%	8h	600.16	−0.028%	$49.1M	$25.9M	50x	as long as short
Aster XMRUSDT	+0.0578%	8h	600.84	+0.085%	$688K	$2.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0610%	8h	600.14	−0.032%	$350K	$797K	10x	as long as short
Paradex XMR-USD-PERP	+0.0865%	8h	600.98	+0.109%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]short	L +0.0885% / S −0.2310%	1h	599.61	−0.119%	$549K	—	100x
Nado XMR-PERP	+0.0919%	1h	600.75	+0.070%	$1.3M	$475K	10x	as long as short
Orderly PERP_XMR_USDC	+0.0957%	8h	600.22	−0.018%	$44K	$729K	10x	as long as short
Injective XMR/USDC PERP	+0.1312%	1h	596.76	−0.595%	$3K	$6K	12x	as long as short
Hyperliquid XMR	+0.1405%	1h	601.10	+0.128%	$90.4M	$69.8M	5x	as long as short
Extended XMR-USD	+0.1808%	1h	600.59	+0.044%	$3.1M	$6.9M	25x	as long as short
HTX XMR-USDT	+0.1946%	8h	599.43	−0.150%	$1.1M	$1.5M	20x	as long as short
dYdX XMR-USD	+0.2250%	1h	599.88	−0.075%	$109K	$50K	5x	as long as short
Aftermath Perps XMRUSD	+0.2340%	1h	599.29	−0.173%	$2K	$47K	10x	as long as short