Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0577%/8h= −63.2% APRpaid last 24h −0.137%

Price spread now: gTrade (Gains Network) against KuCoin−0.021%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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—needs both histories

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and gTrade (Gains Network) is 0.021% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XMRUSDTM	597.15	0.0586	pay 0.0586% / 8h	2h 00m	$49.2M	$25.5M	50x
Short	gTrade (Gains Network) XMR/USD	597.02	L +0.0010% / S −0.0009%	get 0.0001% / 1h	0m 30s	$45K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against KuCoin. 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 KuCoinbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.021%Rate

Funding earned: −$121.22
Price spread: −0.021% → 0.000%: −$2.09
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$147.31
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 9 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 KuCoin live order book, 9 min ago	4.36 bp	21.3 bp −$21	56.2 bp −$562	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
gTrade (Gains Network) XMR/USDshort	L +0.0010% / S −0.0009%	1h	597.02	−0.021%	$45K	—	150x
Injective XMR/USDC PERP	+0.0033%	1h	591.89	−0.881%	$3K	$6K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	598.38	+0.206%	$48.2M	$61.2M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	595.52	−0.272%	$1.1M	$674K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	596.70	−0.075%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0168%	1h	597.20	+0.008%	$12K	—	3x	as long as short
Variational Omni XMR	+0.0257%	8h	594.64	−0.420%	$6.9M	$2.7M	—	as long as short
Lighter XMR	+0.0312%	1h	597.98	+0.139%	$3.5M	$6.7M	10x	as long as short
Binance XMRUSDT	+0.0338%	8h	598.30	+0.193%	$54.9M	$162.5M	75x	as long as short
MEXC XMR_USDT	+0.0339%	8h	598.09	+0.157%	$22.7M	$15.3M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps XMR-USD	+0.0349%	1h	598.39	+0.208%	$24K	$1.8M	5x	as long as short
BingX XMR-USDT	+0.0363%	8h	598.12	+0.162%	—	$5.7M	—	as long as short
Bitget XMRUSDT	+0.0388%	8h	598.43	+0.214%	$10.0M	$14.2M	50x	as long as short
Gate XMR_USDT	+0.0436%	8h	597.46	+0.052%	$1.6M	$4.5M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0464%	1h	597.66	+0.085%	$203K	$574K	20x	as long as short
BloFin XMR-USDT	+0.0486%	8h	598.30	+0.193%	$2.8M	$11.5M	75x	as long as short
Aster XMRUSDT	+0.0537%	8h	598.12	+0.162%	$682K	$2.3M	75x	as long as short
SoDEX XMR-USD	+0.0565%	1h	598.14	+0.166%	$455K	$3K	5x	as long as short
KuCoin XMRUSDTMlong	+0.0586%	8h	597.15	long leg	$49.2M	$25.5M	50x
GRVT XMR_USDT_Perp	+0.0597%	8h	595.69	−0.244%	$347K	$782K	10x	as long as short
Kraken Futures PF_XMRUSD	+0.0609%	1h	597.23	+0.013%	$5.7M	$20.4M	50x	as long as short
Pacifica XMR	+0.0619%	1h	598.15	+0.167%	$273K	$1.0M	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0844% / S −0.1414%	1h	596.78	−0.062%	$355K	—	100x	as long as short
Paradex XMR-USD-PERP	+0.0856%	8h	598.00	+0.143%	$8K	$4K	20x	as long as short
Orderly PERP_XMR_USDC	+0.0884%	8h	597.66	+0.085%	$49K	$718K	10x	as long as short
dYdX XMR-USD	+0.0955%	1h	596.69	−0.077%	$108K	$50K	5x	as long as short
Nado XMR-PERP	+0.1060%	1h	598.19	+0.175%	$1.3M	$479K	10x	as long as short
Extended XMR-USD	+0.1488%	1h	598.08	+0.156%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1602%	1h	599.12	+0.330%	$88.0M	$66.7M	5x	as long as short
HTX XMR-USDT	+0.2219%	8h	595.95	−0.201%	$1.1M	$1.4M	20x	as long as short
Aftermath Perps XMRUSD	+0.2389%	1h	596.67	−0.080%	$2K	$47K	10x	as long as short