Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0841%/8h= −92.1% APRpaid last 24h −0.238%

Price spread now: gTrade (Gains Network) against GRVT−0.308%52s7-day average — · you buy dearer than you sell

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

Long on GRVT Short on gTrade (Gains Network)

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 airdropGRVT: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and gTrade (Gains Network) is 0.308% cheaper against GRVT than usual: you would sell low and buy high (−$31 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. 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	GRVT XMR_USDT_Perp	579.20	0.0851	pay 0.0851% / 8h	4h 45m	$336K	$741K	10x
Short	gTrade (Gains Network) XMR/USD	577.41	L +0.0010% / S −0.0010%	get 0.0001% / 1h	45m 33s	$45K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against GRVT. 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 GRVTbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.308%Rate

Funding earned: −$176.58
Price spread: −0.308% → 0.000%: −$30.79
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$228.36
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 12 min ago; gTrade (Gains Network): 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 GRVT live order book, 12 min ago	1.72 bp	448.6 bp −$449	94407.6 bp −$944.1K	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
Injective XMR/USDC PERP	−0.0136%	1h	582.55	+0.579%	$3K	$3K	12x	as long as short
gTrade (Gains Network) XMR/USDshort	L +0.0010% / S −0.0010%	1h	577.41	−0.308%	$45K	—	150x
Lighter XMR	+0.0096%	1h	575.64	−0.613%	$3.3M	$7.4M	10x	as long as short
edgeX XMRUSDC	+0.0100%	4h	578.82	−0.065%	$1.0M	$656K	10x	as long as short
Polymarket Perps XMR-USD	+0.0100%	1h	578.03	−0.201%	$30K	$2.1M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	577.76	−0.248%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	577.00	−0.379%	$1.1M	$1.6M	20x	as long as short
Kraken Futures PF_XMRUSD	+0.0148%	1h	577.32	−0.323%	$5.5M	$19.6M	50x	as long as short
Aevo XMR-PERP	+0.0200%	1h	578.80	−0.068%	$12K	—	3x	as long as short
Backpack XMR_USDC_PERP	+0.0380%	1h	578.00	−0.206%	$169K	$534K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX XMR-USD	+0.0389%	1h	575.88	−0.572%	$104K	$44K	5x	as long as short
Bybit XMRUSDT	+0.0420%	8h	576.50	−0.465%	$46.8M	$63.9M	75x	as long as short
Gate XMR_USDT	+0.0427%	8h	576.36	−0.489%	$1.5M	$4.4M	50x	as long as short
MEXC XMR_USDT	+0.0484%	8h	576.39	−0.484%	$20.3M	$14.9M	100x	as long as short
Binance XMRUSDT	+0.0484%	8h	576.87	−0.401%	$52.5M	$164.7M	75x	as long as short
BingX XMR-USDT	+0.0542%	8h	577.12	−0.358%	—	$5.6M	—	as long as short
Bitget XMRUSDT	+0.0564%	8h	576.37	−0.488%	$9.4M	$14.0M	50x	as long as short
KuCoin XMRUSDTM	+0.0606%	8h	575.36	−0.662%	$47.2M	$25.0M	50x	as long as short
Hyperliquid XMR	+0.0610%	1h	576.16	−0.524%	$86.6M	$71.1M	5x	as long as short
Pacifica XMR	+0.0626%	1h	576.92	−0.392%	$266K	$1.1M	10x	as long as short
Nado XMR-PERP	+0.0655%	1h	578.74	−0.079%	$1.3M	$463K	10x	as long as short
Aster XMRUSDT	+0.0691%	8h	577.25	−0.337%	$646K	$2.4M	75x	as long as short
SoDEX XMR-USD	+0.0710%	1h	578.48	−0.123%	$440K	$3K	5x	as long as short
Extended XMR-USD	+0.0736%	1h	576.94	−0.389%	$3.1M	$8.3M	25x	as long as short
BloFin XMR-USDT	+0.0751%	8h	579.10	−0.016%	$2.7M	$11.3M	75x	as long as short
Paradex XMR-USD-PERP	+0.0791%	8h	576.75	−0.422%	$8K	$4K	20x	as long as short
GRVT XMR_USDT_Perplong	+0.0851%	8h	579.20	long leg	$336K	$741K	10x
GMX XMR/USD [WBTC.b-USDC]	L +0.0992% / S −0.1252%	1h	577.32	−0.323%	$594K	—	100x	as long as short
Variational Omni XMR	+0.1031%	8h	578.24	−0.164%	$6.6M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1106%	8h	578.25	−0.163%	$41K	$720K	10x	as long as short
Aftermath Perps XMRUSD	+0.2257%	1h	579.06	−0.023%	$1K	$45K	10x	as long as short