Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0440%/8h= −48.2% APRpaid last 24h −0.033%

Price spread now: Bitget against GMX+0.163%7-day average +0.191% · you sell dearer than you buy

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

Long on GMX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.287%−$29 on $10k

Price spread, last 3 days (all we have)+0.057%+$6 · spread now +0.163%, 7d avg +0.191%

Together, before fees−0.230%−$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Bitget is 0.028% cheaper against GMX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.191%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XMR/USD [WBTC.b-USDC]	590.25	L +0.0839% / S −0.1411%	pay 0.0105% / 1h	46m 23s	$351K	—	100x
Short	Bitget XMRUSDT	591.21	0.0399	get 0.0399% / 8h	2h 46m	$9.8M	$13.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.163%Rate

Funding earned: −$92.38
Price spread: +0.163% → +0.191%: −$2.79
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$119.17
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Bitget: live order book, 2 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 Bitget live order book, 2 min ago	3.64 bp	18.3 bp −$18	21.6 bp −$216	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	590.31	+0.010%	$45K	—	150x	as long as short
dYdX XMR-USD	+0.0013%	1h	590.57	+0.054%	$107K	$49K	5x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	591.89	+0.278%	$3K	$6K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	590.30	+0.009%	$47.2M	$60.6M	75x	as long as short
Backpack XMR_USDC_PERP	+0.0100%	1h	590.84	+0.100%	$201K	$558K	20x	as long as short
edgeX XMRUSDC	+0.0100%	4h	591.89	+0.279%	$1.1M	$673K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	590.65	+0.068%	$2K	$1.9M	20x	as long as short
SoDEX XMR-USD	+0.0100%	1h	591.45	+0.203%	$450K	$4K	5x	as long as short
Polymarket Perps XMR-USD	+0.0103%	1h	590.90	+0.110%	$24K	$1.8M	5x	as long as short
Lighter XMR	+0.0160%	1h	590.79	+0.092%	$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	591.48	+0.208%	$12K	—	3x	as long as short
Gate XMR_USDT	+0.0320%	8h	590.96	+0.120%	$1.6M	$4.5M	50x	as long as short
Variational Omni XMR	+0.0320%	8h	591.40	+0.195%	$6.9M	$2.8M	—	as long as short
Binance XMRUSDT	+0.0372%	8h	590.95	+0.119%	$54.2M	$161.5M	75x	as long as short
MEXC XMR_USDT	+0.0376%	8h	590.81	+0.095%	$22.7M	$15.2M	100x	as long as short
BingX XMR-USDT	+0.0381%	8h	590.71	+0.078%	—	$5.8M	—	as long as short
Bitget XMRUSDTshort	+0.0399%	8h	591.21	+0.163%	$9.8M	$13.9M	50x
BloFin XMR-USDT	+0.0530%	8h	591.24	+0.168%	$2.8M	$11.2M	75x	as long as short
Aster XMRUSDT	+0.0558%	8h	590.97	+0.123%	$667K	$2.4M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0616%	1h	590.67	+0.071%	$5.5M	$20.3M	50x	as long as short
Pacifica XMR	+0.0619%	1h	591.13	+0.150%	$268K	$1.0M	10x	as long as short
KuCoin XMRUSDTM	+0.0620%	8h	590.57	+0.054%	$49.1M	$25.4M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0632%	8h	591.98	+0.293%	$347K	$798K	10x	as long as short
Paradex XMR-USD-PERP	+0.0741%	8h	591.29	+0.177%	$8K	$4K	20x	as long as short
Nado XMR-PERP	+0.0753%	1h	590.75	+0.084%	$1.3M	$477K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]long	L +0.0839% / S −0.1411%	1h	590.25	long leg	$351K	—	100x
Orderly PERP_XMR_USDC	+0.0862%	8h	591.00	+0.127%	$48K	$729K	10x	as long as short
Extended XMR-USD	+0.1056%	1h	590.73	+0.081%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1423%	1h	591.72	+0.249%	$85.9M	$65.2M	5x	as long as short
Aftermath Perps XMRUSD	+0.2262%	1h	591.25	+0.169%	$1K	$47K	10x	as long as short
HTX XMR-USDT	+0.2320%	8h	590.59	+0.058%	$1.1M	$1.4M	20x	as long as short