Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0398%/8h= −43.5% APRpaid last 24h +0.049%

Price spread now: Gate against GMX+0.089%7-day average +0.084% · you sell dearer than you buy

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

Long on GMX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.042%+$4 on $10k

Price spread, last 3 days (all we have)−0.111%−$11 · spread now +0.089%, 7d avg +0.084%

Together, before fees−0.069%−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.084%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.042% in total (about 5.0% 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	GMX XMR/USD [WBTC.b-USDC]	593.29	L +0.0843% / S −0.1415%	pay 0.0105% / 1h	52m 43s	$354K	—	100x
Short	Gate XMR_USDT	593.82	0.0445	get 0.0445% / 8h	1h 52m	$1.6M	$4.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.089%Rate

Funding earned: −$83.48
Price spread: +0.089% → +0.084%: $0.45
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$110.03
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Gate: live order book, just now. 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 Gate live order book, just now	7.15 bp	14.7 bp −$15	32.9 bp −$329	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	593.57	+0.046%	$44K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	595.03	+0.293%	$48.1M	$61.4M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	596.38	+0.520%	$1.1M	$665K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	593.88	+0.099%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0168%	1h	594.82	+0.258%	$12K	—	3x	as long as short
Variational Omni XMR	+0.0250%	8h	595.91	+0.441%	$6.9M	$2.7M	—	as long as short
Binance XMRUSDT	+0.0329%	8h	595.05	+0.297%	$54.6M	$162.7M	75x	as long as short
MEXC XMR_USDT	+0.0332%	8h	594.50	+0.204%	$22.6M	$14.9M	100x	as long as short
BingX XMR-USDT	+0.0369%	8h	594.84	+0.261%	—	$5.8M	—	as long as short
Kraken Futures PF_XMRUSD	+0.0384%	1h	593.49	+0.034%	$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	595.11	+0.306%	$270K	$1.0M	10x	as long as short
Bitget XMRUSDT	+0.0391%	8h	594.73	+0.242%	$9.9M	$14.2M	50x	as long as short
Gate XMR_USDTshort	+0.0445%	8h	593.82	+0.089%	$1.6M	$4.5M	50x
BloFin XMR-USDT	+0.0473%	8h	594.54	+0.210%	$2.8M	$11.4M	75x	as long as short
Aster XMRUSDT	+0.0524%	8h	594.16	+0.147%	$673K	$2.3M	75x	as long as short
KuCoin XMRUSDTM	+0.0574%	8h	594.10	+0.136%	$48.8M	$25.7M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0590%	8h	595.53	+0.377%	$347K	$782K	10x	as long as short
Polymarket Perps XMR-USD	+0.0595%	1h	594.54	+0.210%	$24K	$1.8M	5x	as long as short
Lighter XMR	+0.0616%	1h	594.80	+0.254%	$3.5M	$6.7M	10x	as long as short
Injective XMR/USDC PERP	+0.0695%	1h	591.89	−0.236%	$3K	$6K	12x	as long as short
SoDEX XMR-USD	+0.0700%	1h	594.39	+0.185%	$452K	$3K	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]long	L +0.0843% / S −0.1415%	1h	593.29	long leg	$354K	—	100x
Paradex XMR-USD-PERP	+0.0860%	8h	594.42	+0.190%	$8K	$4K	20x	as long as short
Backpack XMR_USDC_PERP	+0.0885%	1h	593.99	+0.118%	$202K	$574K	20x	as long as short
Orderly PERP_XMR_USDC	+0.0888%	8h	594.18	+0.150%	$48K	$718K	10x	as long as short
dYdX XMR-USD	+0.1343%	1h	594.09	+0.134%	$108K	$50K	5x	as long as short
Extended XMR-USD	+0.1640%	1h	594.53	+0.208%	$3.1M	$6.8M	25x	as long as short
Nado XMR-PERP	+0.1767%	1h	594.53	+0.209%	$1.3M	$479K	10x	as long as short
Hyperliquid XMR	+0.1834%	1h	595.57	+0.384%	$87.8M	$67.0M	5x	as long as short
HTX XMR-USDT	+0.2178%	8h	593.58	+0.049%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2460%	1h	595.12	+0.308%	$2K	$47K	10x	as long as short