Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0423%/8h= +46.3% APRpaid last 24h +0.011%

Price spread now: GMX against Paradex−0.185%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on GMX

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.185% cheaper against Paradex than usual: you would sell low and buy high (spread −0.185% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 35 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XMR-USD-PERP	595.67	0.0864	pay 0.0864% / 8h	1h 30m	$8K	$4K	20x
Short	GMX XMR/USD [WBTC.b-USDC]	594.57	L +0.0808% / S −0.1288%	get 0.0161% / 1h	30m 00s	$330K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Paradex. 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 ParadexbpFee GMXbpOrdersPrice spread, now −0.185%Rate

Funding earned: $88.89
Price spread: −0.185% → 0.000%: −$18.52
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee GMX: 6 bp × 2 orders: −$12
Net: $54.37
Costs to cover: 0.160%
Break-even: 2.7 days

Slippage unknown: Paradex: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Paradex no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Paradex 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.

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	594.43	−0.209%	$44K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	596.68	+0.169%	$48.3M	$61.6M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	594.36	−0.221%	$1.1M	$665K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	595.05	−0.105%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0160%	1h	594.89	−0.131%	$12K	—	3x	as long as short
Variational Omni XMR	+0.0269%	8h	595.77	+0.016%	$6.9M	$2.6M	—	as long as short
MEXC XMR_USDT	+0.0324%	8h	596.50	+0.139%	$22.3M	$15.0M	100x	as long as short
Binance XMRUSDT	+0.0327%	8h	596.37	+0.117%	$54.7M	$163.0M	75x	as long as short
BingX XMR-USDT	+0.0378%	8h	596.51	+0.141%	—	$5.7M	—	as long as short
Kraken Futures PF_XMRUSD	+0.0383%	1h	595.08	−0.099%	$5.7M	$20.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica XMR	+0.0387%	1h	595.75	+0.013%	$270K	$1.0M	10x	as long as short
Bitget XMRUSDT	+0.0406%	8h	596.83	+0.194%	$9.9M	$14.2M	50x	as long as short
BloFin XMR-USDT	+0.0456%	8h	595.54	−0.022%	$2.8M	$11.5M	75x	as long as short
Gate XMR_USDT	+0.0517%	8h	595.06	−0.103%	$1.6M	$4.6M	50x	as long as short
KuCoin XMRUSDTM	+0.0527%	8h	595.10	−0.096%	$48.6M	$25.9M	50x	as long as short
Aster XMRUSDT	+0.0534%	8h	596.13	+0.076%	$674K	$2.3M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0592%	8h	594.92	−0.126%	$353K	$785K	10x	as long as short
Lighter XMR	+0.0672%	1h	595.99	+0.053%	$3.4M	$6.8M	10x	as long as short
Injective XMR/USDC PERP	+0.0695%	1h	596.76	+0.183%	$3K	$6K	12x	as long as short
GMX XMR/USD [WBTC.b-USDC]short	L +0.0808% / S −0.1288%	1h	594.57	−0.185%	$330K	—	100x
Paradex XMR-USD-PERPlong	+0.0864%	8h	595.67	long leg	$8K	$4K	20x
Polymarket Perps XMR-USD	+0.0868%	1h	595.88	+0.035%	$23K	$1.8M	5x	as long as short
SoDEX XMR-USD	+0.0913%	1h	595.87	+0.033%	$453K	$3K	5x	as long as short
Backpack XMR_USDC_PERP	+0.0917%	1h	595.56	−0.019%	$203K	$575K	20x	as long as short
Orderly PERP_XMR_USDC	+0.0929%	8h	595.92	+0.042%	$50K	$722K	10x	as long as short
Nado XMR-PERP	+0.1467%	1h	595.81	+0.024%	$1.3M	$482K	10x	as long as short
dYdX XMR-USD	+0.1489%	1h	593.83	−0.309%	$108K	$50K	5x	as long as short
Extended XMR-USD	+0.1856%	1h	596.46	+0.132%	$3.1M	$6.8M	25x	as long as short
HTX XMR-USDT	+0.2036%	8h	594.08	−0.267%	$1.1M	$1.5M	20x	as long as short
Hyperliquid XMR	+0.2051%	1h	596.70	+0.172%	$88.8M	$68.6M	5x	as long as short
Aftermath Perps XMRUSD	+0.2497%	1h	595.74	+0.011%	$2K	$47K	10x	as long as short