Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0495%/8h= −54.2% APRpaid last 24h +0.001%

Price spread now: Binance against GMX+0.272%7-day average +0.190% · you sell dearer than you buy

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

Long on GMX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.207%−$21 on $10k

Price spread, last 3 days (all we have)−0.092%−$9 · spread now +0.272%, 7d avg +0.190%

Together, before fees−0.298%−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.082% dearer against GMX than usual: you sell high and buy low (spread +0.272% now, against its 7-day average of +0.190%): +$8 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 3 days (−0.207% in total) that is about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XMR/USD [WBTC.b-USDC]	595.66	L +0.0823% / S −0.1341%	pay 0.0103% / 1h	36m 48s	$341K	—	100x
Short	Binance XMRUSDT	597.28	0.0327	get 0.0327% / 8h	1h 36m	$54.8M	$162.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.272%Rate

Funding earned: −$104
Price spread: +0.272% → +0.190%: $8.16
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$117.84
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Binance: live order book, 6 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 Binance live order book, 6 min ago	0.08 bp	14.7 bp −$15	29.2 bp −$292	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
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0009%	1h	595.85	+0.032%	$44K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	597.73	+0.347%	$48.4M	$61.5M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	596.45	+0.132%	$1.1M	$664K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	596.06	+0.067%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0160%	1h	594.82	−0.142%	$12K	—	3x	as long as short
Variational Omni XMR	+0.0248%	8h	598.02	+0.395%	$6.9M	$2.7M	—	as long as short
MEXC XMR_USDT	+0.0325%	8h	597.50	+0.309%	$22.4M	$15.0M	100x	as long as short
Binance XMRUSDTshort	+0.0327%	8h	597.28	+0.272%	$54.8M	$162.8M	75x
BingX XMR-USDT	+0.0377%	8h	597.70	+0.342%	—	$5.7M	—	as long as short
Kraken Futures PF_XMRUSD	+0.0382%	1h	595.76	+0.017%	$5.7M	$20.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica XMR	+0.0387%	1h	597.05	+0.233%	$271K	$1.0M	10x	as long as short
Bitget XMRUSDT	+0.0401%	8h	597.70	+0.342%	$10.0M	$14.2M	50x	as long as short
BloFin XMR-USDT	+0.0457%	8h	597.59	+0.324%	$2.8M	$11.5M	75x	as long as short
Gate XMR_USDT	+0.0509%	8h	596.75	+0.183%	$1.6M	$4.5M	50x	as long as short
Aster XMRUSDT	+0.0531%	8h	596.60	+0.158%	$674K	$2.3M	75x	as long as short
KuCoin XMRUSDTM	+0.0541%	8h	596.53	+0.146%	$48.8M	$25.8M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0595%	8h	597.14	+0.248%	$354K	$785K	10x	as long as short
Injective XMR/USDC PERP	+0.0695%	1h	591.89	−0.633%	$3K	$6K	12x	as long as short
Lighter XMR	+0.0712%	1h	597.50	+0.309%	$3.5M	$6.7M	10x	as long as short
Polymarket Perps XMR-USD	+0.0822%	1h	596.93	+0.213%	$23K	$1.8M	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]long	L +0.0823% / S −0.1341%	1h	595.66	long leg	$341K	—	100x
Paradex XMR-USD-PERP	+0.0850%	8h	597.08	+0.238%	$8K	$4K	20x	as long as short
SoDEX XMR-USD	+0.0886%	1h	596.82	+0.194%	$454K	$3K	5x	as long as short
Orderly PERP_XMR_USDC	+0.0924%	8h	596.56	+0.151%	$49K	$720K	10x	as long as short
Backpack XMR_USDC_PERP	+0.1006%	1h	596.16	+0.084%	$203K	$575K	20x	as long as short
dYdX XMR-USD	+0.1463%	1h	595.27	−0.065%	$108K	$50K	5x	as long as short
Nado XMR-PERP	+0.1528%	1h	597.23	+0.264%	$1.3M	$480K	10x	as long as short
Extended XMR-USD	+0.1816%	1h	597.41	+0.293%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1973%	1h	598.57	+0.488%	$88.8M	$67.5M	5x	as long as short
HTX XMR-USDT	+0.2091%	8h	594.95	−0.120%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2464%	1h	597.15	+0.249%	$2K	$47K	10x	as long as short