Settings8H · net · $10k
Funding arb · Price arb /

XMR

all XMR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.1417%/8h= +155.2% APRnext payment +$1.77 per $10,000 · paid last 24h +0.345%
Price spread now: GMX against Injective−1.286%57s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. GMX is 1.286% cheaper against Injective than usual: you would sell low and buy high (spread −1.286% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$129 on $10k: about 3.0 days of funding at the current rate (+$43 a day). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective XMR/USDC PERP582.550.0033pay 0.0004% / 1h20m 29s$3K$3K12x
ShortGMX XMR/USD [WBTC.b-USDC]575.06L +0.1085% / S −0.1451%get 0.0181% / 1h20m 29s$595K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Injective. 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

Funding earned
$297.64
Price spread: −1.286% → 0.000%
−$128.61
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee GMX: 6 bp × 2 orders
−$12
Net
$157.01
Costs to cover
0.120%
Break-even
3.3 days
Slippage unknown: Injective: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell GMX no order-book sample
Injective and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) XMR/USDL +0.0010% / S −0.0003%1h575.09−1.281%$38K150xas long as short
Injective XMR/USDC PERPlong+0.0033%1h582.55long leg$3K$3K12x
edgeX XMRUSDC+0.0100%4h575.04−1.290%$1.0M$641K10xas long as short
SunX XMR-USDT+0.0100%8h575.14−1.272%$2K$1.8M20xas long as short
HTX XMR-USDT+0.0100%8h573.07−1.627%$1.1M$1.5M20xas long as short
Aevo XMR-PERP+0.0240%1h576.21−1.088%$12K3xas long as short
KuCoin XMRUSDTM+0.0324%8h575.72−1.172%$45.2M$26.2M50xas long as short
dYdX XMR-USD+0.0359%1h574.41−1.397%$104K$44K5xas long as short
Bitget XMRUSDT+0.0576%8h576.48−1.042%$9.5M$13.3M50xas long as short
MEXC XMR_USDT+0.0623%8h576.50−1.039%$19.8M$14.6M100xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance XMRUSDT+0.0624%8h576.59−1.023%$52.7M$160.7M75xas long as short
Polymarket Perps XMR-USD+0.0652%1h576.09−1.109%$27K$2.2M5xas long as short
Gate XMR_USDT+0.0661%8h575.48−1.214%$1.6M$4.3M50xas long as short
BingX XMR-USDT+0.0673%8h576.21−1.088%$5.6Mas long as short
Extended XMR-USD+0.0688%1h575.92−1.138%$3.1M$8.2M25xas long as short
Bybit XMRUSDT+0.0703%8h575.88−1.145%$46.6M$64.1M75xas long as short
Kraken Futures PF_XMRUSD+0.0745%1h574.65−1.356%$5.4M$19.1M50xas long as short
Aster XMRUSDT+0.0781%8h575.91−1.140%$648K$2.2M75xas long as short
Lighter XMR+0.0864%1h575.79−1.160%$3.1M$7.6M10xas long as short
Paradex XMR-USD-PERP+0.0885%8h575.98−1.128%$8K$4K20xas long as short
Pacifica XMR+0.0912%1h575.75−1.167%$266K$1.0M10xas long as short
GRVT XMR_USDT_Perp+0.1016%8h575.49−1.212%$346K$727K10xas long as short
BloFin XMR-USDT+0.1027%8h575.65−1.184%$2.7M$11.2M75xas long as short
Hyperliquid XMR+0.1061%1h576.17−1.095%$86.9M$70.8M5xas long as short
GMX XMR/USD [WBTC.b-USDC]shortL +0.1085% / S −0.1451%1h575.06−1.286%$595K100x
Variational Omni XMR+0.1174%8h575.62−1.189%$6.4M$2.3Mas long as short
Orderly PERP_XMR_USDC+0.1191%8h575.99−1.126%$40K$677K10xas long as short
Nado XMR-PERP+0.1239%1h576.38−1.059%$1.3M$450K10xas long as short
SoDEX XMR-USD+0.1267%1h575.76−1.166%$438K$3K5xas long as short
Backpack XMR_USDC_PERP+0.1423%1h575.38−1.231%$169K$531K20xas long as short
Aftermath Perps XMRUSD+0.2040%1h574.31−1.415%$2K$42K10xas long as short