Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1023%/8h= −112.0% APRpaid last 24h +0.481%

Price spread now: HTX against GMX+0.035%52s7-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 HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+1.605%+$160 on $10k

Price spread, last 4 days (all we have)−0.400%−$40 · spread now +0.035%, 7d avg −0.084%

Together, before fees+1.205%+$121 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.118% dearer against GMX than usual: you sell high and buy low (spread +0.035% now, against its 7-day average of −0.084%): +$12 on $10k if it goes back. Holding the pair costs −$31 a day in funding at the current rate, which eats that in about 9 hours. Mind the row above: over the last 3 days funding on this pair paid +1.605%, so the current rate has only just turned against you. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XMR/USD [WBTC.b-USDC]	571.49	L +0.1123% / S −0.1459%	pay 0.0140% / 1h	22m 16s	$595K	—	100x
Short	HTX XMR-USDT	571.69	0.0100	get 0.0100% / 8h	22m 16s	$1.1M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$214.82
Price spread: +0.035% → −0.084%: $11.84
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$226.97
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; HTX: live order book, 1 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 HTX live order book, 1 min ago	11.12 bp	33.5 bp −$34	299.2 bp −$2,992	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
Variational Omni XMR	0.0000%	8h	573.10	+0.281%	$6.2M	$2.3M	—	as long as short
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0004%	1h	571.57	+0.013%	$33K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.935%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	572.75	+0.221%	$1.0M	$527K	10x	as long as short
Polymarket Perps XMR-USD	+0.0100%	1h	572.14	+0.113%	$28K	$1.7M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	572.05	+0.098%	$2K	$1.3M	20x	as long as short
HTX XMR-USDTshort	+0.0100%	8h	571.69	+0.035%	$1.1M	$1.2M	20x
Extended XMR-USD	+0.0104%	1h	572.19	+0.122%	$3.0M	$8.0M	25x	as long as short
Aevo XMR-PERP	+0.0208%	1h	572.16	+0.118%	$12K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0294%	8h	572.15	+0.115%	$45.2M	$18.8M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XMR	+0.0336%	1h	572.38	+0.156%	$3.1M	$5.9M	10x	as long as short
Backpack XMR_USDC_PERP	+0.0401%	1h	572.21	+0.126%	$174K	$420K	20x	as long as short
Bybit XMRUSDT	+0.0450%	8h	572.37	+0.154%	$46.4M	$52.1M	75x	as long as short
Hyperliquid XMR	+0.0475%	1h	572.40	+0.159%	$86.9M	$60.7M	5x	as long as short
BingX XMR-USDT	+0.0496%	8h	572.40	+0.159%	—	$5.4M	—	as long as short
Gate XMR_USDT	+0.0497%	8h	571.61	+0.021%	$1.6M	$2.9M	50x	as long as short
MEXC XMR_USDT	+0.0518%	8h	572.36	+0.152%	$20.2M	$11.1M	100x	as long as short
Bitget XMRUSDT	+0.0518%	8h	572.49	+0.175%	$9.4M	$10.7M	50x	as long as short
Binance XMRUSDT	+0.0521%	8h	572.36	+0.152%	$52.1M	$113.0M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0619%	1h	571.38	−0.019%	$5.4M	$9.8M	50x	as long as short
Paradex XMR-USD-PERP	+0.0651%	8h	572.58	+0.190%	$8K	$2K	20x	as long as short
Aster XMRUSDT	+0.0662%	8h	571.69	+0.034%	$639K	$1.7M	75x	as long as short
dYdX XMR-USD	+0.0672%	1h	571.78	+0.050%	$104K	$29K	5x	as long as short
Pacifica XMR	+0.0735%	1h	572.71	+0.213%	$268K	$798K	10x	as long as short
SoDEX XMR-USD	+0.0736%	1h	572.28	+0.138%	$435K	$3K	5x	as long as short
BloFin XMR-USDT	+0.0839%	8h	572.76	+0.222%	$2.7M	$10.2M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0851%	8h	572.45	+0.168%	$341K	$637K	10x	as long as short
Nado XMR-PERP	+0.0996%	1h	572.69	+0.209%	$1.2M	$338K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]long	L +0.1123% / S −0.1459%	1h	571.49	long leg	$595K	—	100x
Orderly PERP_XMR_USDC	+0.1164%	8h	572.19	+0.122%	$40K	$458K	10x	as long as short
Aftermath Perps XMRUSD	+0.1964%	1h	572.36	+0.151%	$1K	$40K	10x	as long as short