Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0510%/8h= −55.8% APRpaid last 24h −0.004%

Price spread now: MEXC against GMX+0.317%7-day average +0.194% · you sell dearer than you buy

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

Long on GMX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.218%−$22 on $10k

Price spread, last 3 days (all we have)−0.127%−$13 · spread now +0.317%, 7d avg +0.194%

Together, before fees−0.344%−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.123% dearer against GMX than usual: you sell high and buy low (spread +0.317% now, against its 7-day average of +0.194%): +$12 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 3 days (−0.218% in total) that is about 43 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XMR/USD [WBTC.b-USDC]	591.16	L +0.0871% / S −0.2452%	pay 0.0109% / 1h	55m 52s	$550K	—	100x
Short	MEXC XMR_USDT	593.03	0.0361	get 0.0361% / 8h	7h 55m	$21.7M	$15.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.317%Rate

Funding earned: −$107.05
Price spread: +0.317% → +0.194%: $12.28
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$110.77
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; MEXC: live order book, 3 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 MEXC live order book, 3 min ago	1.10 bp	15.0 bp −$15	34.1 bp −$341	77.9 bp −$7,792	225.3 bp −$112.6K

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	590.90	−0.043%	$107K	$50K	5x	as long as short
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0009%	1h	591.34	+0.032%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+0.948%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	592.57	+0.240%	$1.1M	$657K	10x	as long as short
HTX XMR-USDT	+0.0100%	8h	592.00	+0.143%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0168%	1h	592.84	+0.284%	$12K	—	3x	as long as short
MEXC XMR_USDTshort	+0.0361%	8h	593.03	+0.317%	$21.7M	$15.1M	100x
Binance XMRUSDT	+0.0367%	8h	593.25	+0.354%	$54.3M	$166.4M	75x	as long as short
SunX XMR-USDT	+0.0373%	8h	591.79	+0.107%	$2K	$2.0M	20x	as long as short
Bitget XMRUSDT	+0.0484%	8h	593.24	+0.352%	$9.8M	$14.6M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin XMR-USDT	+0.0521%	8h	592.85	+0.286%	$2.8M	$11.7M	75x	as long as short
KuCoin XMRUSDTM	+0.0605%	8h	592.59	+0.242%	$48.4M	$26.2M	50x	as long as short
Aster XMRUSDT	+0.0606%	8h	592.97	+0.307%	$640K	$2.5M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0638%	8h	592.56	+0.238%	$348K	$795K	10x	as long as short
Kraken Futures PF_XMRUSD	+0.0643%	1h	591.61	+0.076%	$5.6M	$20.6M	50x	as long as short
Pacifica XMR	+0.0659%	1h	592.95	+0.303%	$276K	$1.1M	10x	as long as short
Variational Omni XMR	+0.0673%	8h	592.97	+0.308%	$6.8M	$2.6M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]long	L +0.0871% / S −0.2452%	1h	591.16	long leg	$550K	—	100x
Orderly PERP_XMR_USDC	+0.0985%	8h	592.63	+0.249%	$42K	$734K	10x	as long as short
Paradex XMR-USD-PERP	+0.0992%	8h	592.94	+0.302%	$8K	$4K	20x	as long as short
Backpack XMR_USDC_PERP	+0.1117%	1h	592.57	+0.239%	$201K	$576K	20x	as long as short
Lighter XMR	+0.1240%	1h	592.72	+0.264%	$3.3M	$7.1M	10x	as long as short
Nado XMR-PERP	+0.1405%	1h	592.67	+0.256%	$1.3M	$470K	10x	as long as short
Gate XMR_USDT	+0.1405%	8h	592.65	+0.253%	$1.7M	$4.6M	50x	as long as short
SoDEX XMR-USD	+0.1485%	1h	592.78	+0.275%	$451K	$3K	5x	as long as short
Polymarket Perps XMR-USD	+0.1536%	1h	592.87	+0.290%	$49K	$1.9M	5x	as long as short
BingX XMR-USDT	+0.1632%	8h	593.51	+0.398%	—	$5.8M	—	as long as short
Bybit XMRUSDT	+0.1838%	8h	593.45	+0.388%	$48.1M	$64.5M	75x	as long as short
Extended XMR-USD	+0.2240%	1h	593.15	+0.338%	$3.2M	$7.1M	25x	as long as short
Aftermath Perps XMRUSD	+0.2455%	1h	592.05	+0.151%	$2K	$46K	10x	as long as short
Hyperliquid XMR	+0.2564%	1h	594.14	+0.505%	$89.8M	$72.4M	5x	as long as short