Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0171%/8h= −18.7% APRpaid last 24h +0.089%

Price spread now: Paradex against GMX+0.231%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.231% dearer against GMX than usual: you sell high and buy low (spread +0.231% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 4.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XMR/USD [WBTC.b-USDC]	577.40	L +0.1086% / S −0.1451%	pay 0.0136% / 1h	12m 26s	$598K	—	100x
Short	Paradex XMR-USD-PERP	578.74	0.0914	get 0.0914% / 8h	2h 12m	$8K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.231%Rate

Funding earned: −$35.96
Price spread: +0.231% → 0.000%: $23.12
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$28.84
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Paradex: no order-book sample. 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 Paradex no order-book sample	—	—	—	—	—

GMX and Paradex: 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 −0.0006%	1h	577.50	+0.016%	$37K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+0.891%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	577.57	+0.029%	$1.0M	$643K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	576.95	−0.079%	$2K	$1.8M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	577.00	−0.070%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0240%	1h	578.83	+0.247%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0312%	1h	577.03	−0.066%	$104K	$44K	5x	as long as short
KuCoin XMRUSDTM	+0.0334%	8h	578.40	+0.172%	$45.5M	$26.2M	50x	as long as short
Bitget XMRUSDT	+0.0592%	8h	578.72	+0.228%	$9.5M	$13.1M	50x	as long as short
MEXC XMR_USDT	+0.0639%	8h	578.82	+0.245%	$20.1M	$14.6M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XMRUSDT	+0.0643%	8h	578.60	+0.207%	$52.8M	$160.4M	75x	as long as short
BingX XMR-USDT	+0.0670%	8h	578.46	+0.183%	—	$5.6M	—	as long as short
Gate XMR_USDT	+0.0673%	8h	578.26	+0.148%	$1.6M	$4.3M	50x	as long as short
Polymarket Perps XMR-USD	+0.0681%	1h	578.32	+0.159%	$27K	$2.1M	5x	as long as short
Bybit XMRUSDT	+0.0709%	8h	578.31	+0.157%	$46.8M	$64.0M	75x	as long as short
Extended XMR-USD	+0.0736%	1h	578.31	+0.157%	$3.0M	$8.2M	25x	as long as short
Kraken Futures PF_XMRUSD	+0.0742%	1h	576.66	−0.130%	$5.4M	$18.7M	50x	as long as short
Aster XMRUSDT	+0.0802%	8h	578.20	+0.138%	$651K	$2.2M	75x	as long as short
Lighter XMR	+0.0864%	1h	578.46	+0.183%	$3.1M	$7.6M	10x	as long as short
Pacifica XMR	+0.0912%	1h	578.46	+0.183%	$267K	$1.0M	10x	as long as short
Paradex XMR-USD-PERPshort	+0.0914%	8h	578.74	+0.231%	$8K	$4K	20x
GRVT XMR_USDT_Perp	+0.1035%	8h	578.69	+0.222%	$348K	$718K	10x	as long as short
BloFin XMR-USDT	+0.1050%	8h	578.43	+0.178%	$2.7M	$11.3M	75x	as long as short
Hyperliquid XMR	+0.1063%	1h	578.44	+0.179%	$87.4M	$71.0M	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]long	L +0.1086% / S −0.1451%	1h	577.40	long leg	$598K	—	100x
Variational Omni XMR	+0.1180%	8h	576.19	−0.210%	$6.2M	$2.4M	—	as long as short
Orderly PERP_XMR_USDC	+0.1196%	8h	578.24	+0.145%	$41K	$661K	10x	as long as short
Nado XMR-PERP	+0.1223%	1h	578.47	+0.185%	$1.3M	$450K	10x	as long as short
SoDEX XMR-USD	+0.1340%	1h	577.88	+0.082%	$439K	$3K	5x	as long as short
Backpack XMR_USDC_PERP	+0.1419%	1h	577.77	+0.063%	$175K	$535K	20x	as long as short
Aftermath Perps XMRUSD	+0.2025%	1h	577.04	−0.063%	$1K	$42K	10x	as long as short