Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0638%/8h= −69.8% APRpaid last 24h −0.198%

Price spread now: gTrade (Gains Network) against MEXC−0.140%7-day average — · you buy dearer than you sell

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

Long on MEXC 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 −$19 a day on $10k at the current rate, and gTrade (Gains Network) is 0.140% cheaper against MEXC than usual: you would sell low and buy high (−$14 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	MEXC XMR_USDT	574.39	0.0641	pay 0.0641% / 8h	1h 57m	$20.1M	$14.3M	100x
Short	gTrade (Gains Network) XMR/USD	573.58	L +0.0010% / S −0.0003%	get 0.0000% / 1h	57m 20s	$38K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against MEXC. 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 MEXCbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.140%Rate

Funding earned: −$133.92
Price spread: −0.140% → 0.000%: −$14.03
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$163.95
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 1 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 MEXC live order book, 1 min ago	0.09 bp	13.9 bp −$14	33.9 bp −$339	69.7 bp −$6,971	222.2 bp −$111.1K
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 −0.0003%	1h	573.58	−0.140%	$38K	—	150x
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.421%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	574.24	−0.027%	$1.0M	$633K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	574.50	+0.019%	$2K	$1.8M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	574.73	+0.059%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0240%	1h	574.76	+0.065%	$12K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0333%	8h	574.36	−0.005%	$45.3M	$26.1M	50x	as long as short
dYdX XMR-USD	+0.0579%	1h	573.69	−0.123%	$104K	$43K	5x	as long as short
Bitget XMRUSDT	+0.0595%	8h	574.35	−0.007%	$9.5M	$12.6M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0633%	1h	573.60	−0.138%	$5.4M	$18.3M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XMR_USDTlong	+0.0641%	8h	574.39	long leg	$20.1M	$14.3M	100x
Binance XMRUSDT	+0.0642%	8h	574.59	+0.035%	$52.4M	$154.7M	75x	as long as short
Extended XMR-USD	+0.0648%	1h	574.29	−0.018%	$3.0M	$8.3M	25x	as long as short
BingX XMR-USDT	+0.0666%	8h	574.58	+0.033%	—	$5.5M	—	as long as short
Gate XMR_USDT	+0.0687%	8h	574.52	+0.023%	$1.5M	$3.3M	50x	as long as short
Bybit XMRUSDT	+0.0698%	8h	574.32	−0.012%	$46.7M	$62.9M	75x	as long as short
Lighter XMR	+0.0760%	1h	574.81	+0.073%	$3.1M	$6.1M	10x	as long as short
Aster XMRUSDT	+0.0804%	8h	574.67	+0.048%	$638K	$2.1M	75x	as long as short
Paradex XMR-USD-PERP	+0.0889%	8h	575.26	+0.151%	$8K	$3K	20x	as long as short
Pacifica XMR	+0.1002%	1h	574.86	+0.082%	$267K	$981K	10x	as long as short
Polymarket Perps XMR-USD	+0.1021%	1h	574.51	+0.021%	$23K	$2.1M	5x	as long as short
GRVT XMR_USDT_Perp	+0.1023%	8h	574.78	+0.068%	$335K	$729K	10x	as long as short
BloFin XMR-USDT	+0.1058%	8h	574.56	+0.030%	$2.7M	$11.1M	75x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1129% / S −0.1497%	1h	573.45	−0.164%	$600K	—	100x	as long as short
Variational Omni XMR	+0.1164%	8h	574.79	+0.069%	$6.2M	$2.4M	—	as long as short
Nado XMR-PERP	+0.1169%	1h	574.46	+0.013%	$1.3M	$446K	10x	as long as short
Backpack XMR_USDC_PERP	+0.1190%	1h	574.51	+0.021%	$174K	$533K	20x	as long as short
Orderly PERP_XMR_USDC	+0.1203%	8h	574.18	−0.037%	$40K	$609K	10x	as long as short
Hyperliquid XMR	+0.1208%	1h	574.50	+0.020%	$86.9M	$69.2M	5x	as long as short
SoDEX XMR-USD	+0.1496%	1h	574.75	+0.063%	$437K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.1974%	1h	574.47	+0.013%	$1K	$42K	10x	as long as short