Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0861%/8h= +94.3% APRpaid last 24h +0.212%

Price spread now: GMX against GRVT−0.293%69s7-day average −0.137% · you buy dearer than you sell

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

Long on GRVT Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.285%+$29 on $10k

Price spread, last 3 days (all we have)+0.156%+$16 · spread now −0.293%, 7d avg −0.137%

Together, before fees+0.442%+ Points / potential airdropGRVT: Active · farm board+$44 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.156% cheaper against GRVT than usual: you would sell low and buy high (spread −0.293% now, against its 7-day average of −0.137%). If the spread goes back, that is −$16 on $10k: about 14 hours of funding at the current rate (+$26 a day). At the pace of the last 3 days (+0.285% in total) that is about 40 hours. The two prices were read 69 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	595.36	0.0626	pay 0.0626% / 8h	2h 29m	$349K	$782K	10x
Short	GMX XMR/USD [WBTC.b-USDC]	593.61	L +0.0863% / S −0.1487%	get 0.0186% / 1h	29m 50s	$368K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against GRVT. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GMXbpOrdersPrice spread, now −0.293%Rate

Funding earned: $180.77
Price spread: −0.293% → −0.137%: −$15.59
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: $144.19
Costs to cover: 0.210%
Break-even: 1.4 days

Slippage unknown: GRVT: live order book, 58 min ago; GMX: 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, 58 min ago	1.19 bp	9.2 bp −$9	6042.9 bp −$60.4K	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	593.67	−0.282%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	591.89	−0.582%	$3K	$6K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	594.50	−0.144%	$47.7M	$60.8M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	595.70	+0.058%	$1.1M	$673K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	593.56	−0.302%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0176%	1h	594.77	−0.098%	$12K	—	3x	as long as short
Backpack XMR_USDC_PERP	+0.0215%	1h	593.87	−0.250%	$202K	$575K	20x	as long as short
Polymarket Perps XMR-USD	+0.0265%	1h	594.36	−0.167%	$33K	$1.8M	5x	as long as short
Lighter XMR	+0.0280%	1h	594.31	−0.176%	$3.5M	$6.7M	10x	as long as short
Variational Omni XMR	+0.0290%	8h	595.99	+0.106%	$6.9M	$2.8M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX XMR-USD	+0.0358%	1h	594.57	−0.132%	$452K	$3K	5x	as long as short
MEXC XMR_USDT	+0.0365%	8h	594.67	−0.115%	$22.6M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0365%	8h	594.57	−0.132%	$54.5M	$162.0M	75x	as long as short
BingX XMR-USDT	+0.0375%	8h	594.37	−0.166%	—	$5.8M	—	as long as short
Bitget XMRUSDT	+0.0393%	8h	594.37	−0.166%	$9.9M	$14.1M	50x	as long as short
Gate XMR_USDT	+0.0400%	8h	593.96	−0.234%	$1.6M	$4.5M	50x	as long as short
dYdX XMR-USD	+0.0477%	1h	593.51	−0.310%	$108K	$50K	5x	as long as short
BloFin XMR-USDT	+0.0513%	8h	596.35	+0.167%	$2.8M	$11.4M	75x	as long as short
Aster XMRUSDT	+0.0552%	8h	594.06	−0.218%	$674K	$2.3M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0613%	1h	593.64	−0.287%	$5.7M	$20.4M	50x	as long as short
Pacifica XMR	+0.0619%	1h	594.18	−0.197%	$268K	$1.0M	10x	as long as short
GRVT XMR_USDT_Perplong	+0.0626%	8h	595.36	long leg	$349K	$782K	10x
KuCoin XMRUSDTM	+0.0627%	8h	594.27	−0.182%	$49.4M	$25.4M	50x	as long as short
Paradex XMR-USD-PERP	+0.0768%	8h	594.21	−0.192%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]short	L +0.0863% / S −0.1487%	1h	593.61	−0.293%	$368K	—	100x
Orderly PERP_XMR_USDC	+0.0887%	8h	594.45	−0.152%	$48K	$728K	10x	as long as short
Nado XMR-PERP	+0.0892%	1h	594.04	−0.221%	$1.3M	$479K	10x	as long as short
Extended XMR-USD	+0.1184%	1h	594.06	−0.218%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1642%	1h	595.03	−0.055%	$86.9M	$65.8M	5x	as long as short
HTX XMR-USDT	+0.2344%	8h	592.96	−0.402%	$1.1M	$1.4M	20x	as long as short
Aftermath Perps XMRUSD	+0.2345%	1h	594.51	−0.142%	$2K	$47K	10x	as long as short