Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0277%/8h= −30.3% APRpaid last 24h −0.002%

Price spread now: Aster against GMX+0.105%7-day average +0.152% · you sell dearer than you buy

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

Long on GMX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.119%−$12 on $10k

Price spread, last 3 days (all we have)−0.140%−$14 · spread now +0.105%, 7d avg +0.152%

Together, before fees−0.259%+ Points / potential airdropAster: Stage 5 · farm board−$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Aster is 0.047% cheaper against GMX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.152%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XMR/USD [WBTC.b-USDC]	591.45	L +0.0840% / S −0.1411%	pay 0.0105% / 1h	48m 44s	$352K	—	100x
Short	Aster XMRUSDT	592.07	0.0563	get 0.0563% / 8h	2h 48m	$668K	$2.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GMX. 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 GMXbpFee AsterbpOrdersPrice spread, now +0.105%Rate

Funding earned: −$58.08
Price spread: +0.105% → +0.152%: −$4.67
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$82.75
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Aster: live order book, 5 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Aster live order book, 5 min ago	2.29 bp	10.1 bp −$10	50.1 bp −$501	doesn't fit	doesn't fit

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
dYdX XMR-USD	0.0000%	1h	590.62	−0.140%	$107K	$49K	5x	as long as short
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0009%	1h	591.68	+0.038%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	554.47	−6.252%	$3K	$5K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	591.58	+0.022%	$47.3M	$60.6M	75x	as long as short
Backpack XMR_USDC_PERP	+0.0100%	1h	591.20	−0.042%	$204K	$558K	20x	as long as short
edgeX XMRUSDC	+0.0100%	4h	590.27	−0.199%	$1.0M	$672K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	591.19	−0.044%	$2K	$1.9M	20x	as long as short
SoDEX XMR-USD	+0.0100%	1h	591.91	+0.078%	$450K	$4K	5x	as long as short
Polymarket Perps XMR-USD	+0.0127%	1h	592.17	+0.122%	$24K	$1.8M	5x	as long as short
Lighter XMR	+0.0136%	1h	591.87	+0.071%	$3.5M	$6.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo XMR-PERP	+0.0176%	1h	591.99	+0.092%	$12K	—	3x	as long as short
Gate XMR_USDT	+0.0317%	8h	591.46	+0.002%	$1.6M	$4.5M	50x	as long as short
Variational Omni XMR	+0.0320%	8h	591.40	−0.009%	$6.9M	$2.8M	—	as long as short
Binance XMRUSDT	+0.0377%	8h	591.91	+0.078%	$54.3M	$161.8M	75x	as long as short
MEXC XMR_USDT	+0.0380%	8h	591.86	+0.069%	$22.7M	$15.2M	100x	as long as short
BingX XMR-USDT	+0.0390%	8h	591.69	+0.041%	—	$5.8M	—	as long as short
Bitget XMRUSDT	+0.0401%	8h	591.65	+0.034%	$9.8M	$13.9M	50x	as long as short
BloFin XMR-USDT	+0.0533%	8h	591.95	+0.085%	$2.8M	$11.3M	75x	as long as short
Aster XMRUSDTshort	+0.0563%	8h	592.07	+0.105%	$668K	$2.4M	75x
Kraken Futures PF_XMRUSD	+0.0615%	1h	590.99	−0.079%	$5.6M	$20.3M	50x	as long as short
KuCoin XMRUSDTM	+0.0618%	8h	591.82	+0.063%	$49.2M	$25.4M	50x	as long as short
Pacifica XMR	+0.0619%	1h	592.15	+0.119%	$268K	$1.0M	10x	as long as short
GRVT XMR_USDT_Perp	+0.0641%	8h	591.83	+0.064%	$347K	$798K	10x	as long as short
Nado XMR-PERP	+0.0669%	1h	592.00	+0.092%	$1.3M	$477K	10x	as long as short
Paradex XMR-USD-PERP	+0.0733%	8h	591.84	+0.066%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]long	L +0.0840% / S −0.1411%	1h	591.45	long leg	$352K	—	100x
Orderly PERP_XMR_USDC	+0.0867%	8h	591.87	+0.071%	$48K	$729K	10x	as long as short
Extended XMR-USD	+0.1056%	1h	591.71	+0.044%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1472%	1h	592.96	+0.254%	$86.0M	$65.1M	5x	as long as short
Aftermath Perps XMRUSD	+0.2236%	1h	591.15	−0.051%	$1K	$47K	10x	as long as short
HTX XMR-USDT	+0.2302%	8h	589.96	−0.252%	$1.1M	$1.4M	20x	as long as short