Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.1008%/8h= +110.4% APRpaid last 24h −0.077%

Price spread now: GMX against HTX−0.221%68s7-day average +0.078% · you buy dearer than you sell

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

Long on HTX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−1.446%−$145 on $10k

Price spread, last 4 days (all we have)+0.834%+$83 · spread now −0.221%, 7d avg +0.078%

Together, before fees−0.612%−$61 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.299% cheaper against HTX than usual: you would sell low and buy high (spread −0.221% now, against its 7-day average of +0.078%). If the spread goes back, that is −$30 on $10k: about 24 hours of funding at the current rate (+$30 a day). Mind the row above: over the last 4 days funding on this pair cost −1.446%, so the current rate has only just turned in your favour. The two prices were read 68 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	HTX XMR-USDT	570.69	0.0100	pay 0.0100% / 8h	5h 57m	$1.1M	$932K	20x
Short	GMX XMR/USD [WBTC.b-USDC]	569.43	L +0.0937% / S −0.1108%	get 0.0138% / 1h	57m 45s	$592K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against HTX. 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 HTXbpFee GMXbpOrdersPrice spread, now −0.221%Rate

Funding earned: $211.65
Price spread: −0.221% → +0.078%: −$29.9
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $157.74
Costs to cover: 0.240%
Break-even: 1.8 days

Slippage unknown: HTX: live order book, 4 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 HTX live order book, 4 min ago	15.53 bp	38.3 bp −$38	349.4 bp −$3,494	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 exchanges

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 −0.0004%	1h	569.26	−0.251%	$33K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+2.078%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	570.11	−0.102%	$1.0M	$469K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	569.71	−0.172%	$2K	$874K	20x	as long as short
HTX XMR-USDTlong	+0.0100%	8h	570.69	long leg	$1.1M	$932K	20x
Aevo XMR-PERP	+0.0200%	1h	570.41	−0.050%	$12K	—	3x	as long as short
Polymarket Perps XMR-USD	+0.0278%	1h	570.26	−0.075%	$30K	$1.5M	5x	as long as short
Lighter XMR	+0.0376%	1h	568.92	−0.311%	$3.0M	$4.5M	10x	as long as short
Hyperliquid XMR	+0.0448%	1h	568.87	−0.319%	$86.5M	$52.1M	5x	as long as short
Binance XMRUSDT	+0.0474%	8h	569.12	−0.275%	$52.3M	$80.8M	75x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XMR_USDT	+0.0476%	8h	569.02	−0.293%	$19.6M	$7.2M	100x	as long as short
Aster XMRUSDT	+0.0513%	8h	569.24	−0.254%	$659K	$1.2M	75x	as long as short
Bybit XMRUSDT	+0.0571%	8h	569.04	−0.289%	$46.1M	$41.3M	75x	as long as short
Gate XMR_USDT	+0.0577%	8h	568.86	−0.321%	$1.5M	$2.2M	50x	as long as short
KuCoin XMRUSDTM	+0.0595%	8h	569.00	−0.296%	$45.8M	$14.9M	50x	as long as short
Extended XMR-USD	+0.0624%	1h	568.82	−0.327%	$3.0M	$6.4M	25x	as long as short
Kraken Futures PF_XMRUSD	+0.0656%	1h	569.12	−0.276%	$5.4M	$6.4M	50x	as long as short
BingX XMR-USDT	+0.0675%	8h	569.10	−0.279%	—	$4.6M	—	as long as short
SoDEX XMR-USD	+0.0685%	1h	570.26	−0.075%	$433K	$4K	5x	as long as short
Bitget XMRUSDT	+0.0713%	8h	568.85	−0.322%	$9.1M	$8.8M	50x	as long as short
Paradex XMR-USD-PERP	+0.0718%	8h	570.61	−0.015%	$8K	$1K	20x	as long as short
Pacifica XMR	+0.0759%	1h	570.65	−0.007%	$269K	$609K	10x	as long as short
BloFin XMR-USDT	+0.0764%	8h	570.58	−0.019%	$2.7M	$9.1M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0783%	8h	570.14	−0.096%	$336K	$671K	10x	as long as short
Nado XMR-PERP	+0.0820%	1h	570.43	−0.045%	$1.2M	$167K	10x	as long as short
Variational Omni XMR	+0.0837%	8h	570.18	−0.089%	$6.1M	$2.2M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]short	L +0.0937% / S −0.1108%	1h	569.43	−0.221%	$592K	—	100x
Orderly PERP_XMR_USDC	+0.1060%	8h	570.13	−0.098%	$41K	$311K	10x	as long as short
Backpack XMR_USDC_PERP	+0.1176%	1h	569.80	−0.156%	$128K	$407K	20x	as long as short
Aftermath Perps XMRUSD	+0.2125%	1h	570.38	−0.055%	$2K	$37K	10x	as long as short
dYdX XMR-USD	+0.6646%	1h	570.29	−0.070%	$103K	$24K	5x	as long as short