Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0179%/8h= +19.6% APRpaid last 24h −0.022%

Price spread now: Lighter against Gate−0.001%7-day average +0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$520.516% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$8 on $10k

Price spread, last 7 days+0.002%$0 · spread now −0.001%, 7d avg +0.033%

Together, before fees−0.083%+ Points / potential airdropLighter: Season 3 · farm board−$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.035% cheaper against Gate than usual: you would sell low and buy high (spread −0.001% now, against its 7-day average of +0.033%). If the spread goes back, that is −$3 on $10k: about 15 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.085%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XMR_USDT	586.00	0.0797	pay 0.0797% / 8h	6h 06m	$1.6M	$4.6M	50x
Short	Lighter XMR	585.99	0.0976	get 0.0122% / 1h	6m 19s	$3.3M	$7.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.001%Rate

Funding earned: $37.59
Price spread: −0.001% → +0.033%: −$3.46
Slippage, 4 orders: −$36.59
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$17.46
Costs to cover: 0.516%
Break-even: 10.3 days

Slippage from Gate: live order book, 2 min ago; Lighter: live order book, 7 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, 2 min ago	4.28 bp	22.8 bp −$23	44.4 bp −$444	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	3.40 bp	4.8 bp −$5	18.9 bp −$189	132.4 bp −$13.2K	doesn't fit

XMR on 30 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 −0.0010%	1h	585.28	−0.123%	$35K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.836%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	584.55	−0.247%	$1.0M	$668K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	585.73	−0.046%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	584.82	−0.201%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	586.14	+0.023%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0412%	1h	584.83	−0.200%	$106K	$50K	5x	as long as short
MEXC XMR_USDT	+0.0517%	8h	585.50	−0.085%	$20.8M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0519%	8h	585.45	−0.094%	$53.4M	$168.0M	75x	as long as short
Bitget XMRUSDT	+0.0625%	8h	586.42	+0.072%	$9.6M	$14.2M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XMRUSDT	+0.0697%	8h	585.74	−0.044%	$652K	$2.5M	75x	as long as short
BingX XMR-USDT	+0.0781%	8h	586.26	+0.044%	—	$5.8M	—	as long as short
KuCoin XMRUSDTM	+0.0782%	8h	584.25	−0.299%	$47.9M	$26.1M	50x	as long as short
Gate XMR_USDTlong	+0.0797%	8h	586.00	long leg	$1.6M	$4.6M	50x
Bybit XMRUSDT	+0.0811%	8h	585.49	−0.087%	$47.4M	$65.0M	75x	as long as short
Pacifica XMR	+0.0821%	1h	586.41	+0.069%	$270K	$1.1M	10x	as long as short
Polymarket Perps XMR-USD	+0.0910%	1h	585.91	−0.015%	$32K	$2.1M	5x	as long as short
Backpack XMR_USDC_PERP	+0.0911%	1h	583.86	−0.365%	$172K	$539K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0953% / S −0.1202%	1h	585.07	−0.159%	$652K	—	100x	as long as short
Lighter XMRshort	+0.0976%	1h	585.99	−0.001%	$3.3M	$7.2M	10x
GRVT XMR_USDT_Perp	+0.1031%	8h	584.44	−0.266%	$342K	$795K	10x	as long as short
Variational Omni XMR	+0.1043%	8h	586.31	+0.053%	$6.7M	$2.9M	—	as long as short
Orderly PERP_XMR_USDC	+0.1071%	8h	586.26	+0.044%	$42K	$736K	10x	as long as short
Paradex XMR-USD-PERP	+0.1224%	8h	586.57	+0.097%	$8K	$4K	20x	as long as short
Kraken Futures PF_XMRUSD	+0.1307%	1h	584.96	−0.178%	$5.5M	$20.5M	50x	as long as short
Nado XMR-PERP	+0.1430%	1h	586.58	+0.098%	$1.3M	$466K	10x	as long as short
SoDEX XMR-USD	+0.1599%	1h	586.12	+0.020%	$445K	$3K	5x	as long as short
Hyperliquid XMR	+0.1631%	1h	586.24	+0.041%	$88.5M	$73.1M	5x	as long as short
Extended XMR-USD	+0.1832%	1h	586.11	+0.019%	$3.1M	$8.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2729%	1h	585.73	−0.045%	$1K	$46K	10x	as long as short