Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.2323%/8h= +254.4% APRpaid last 24h +0.222%

Price spread now: GMX against SunX−0.099%7-day average −0.091% · you buy dearer than you sell

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

Long on SunX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.521%+$52 on $10k

Price spread, last 3 days (all we have)+0.028%+$3 · spread now −0.099%, 7d avg −0.091%

Together, before fees+0.549%+$55 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.091%, so right now this pair is about funding alone: +$70 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.521% in total (about 60.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XMR-USDT	601.30	0.0100	pay 0.0100% / 8h	54m 31s	$2K	$1.9M	20x
Short	GMX XMR/USD [WBTC.b-USDC]	600.70	L +0.0891% / S −0.2423%	get 0.0303% / 1h	54m 31s	$553K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against SunX. 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 SunXbpFee GMXbpOrdersPrice spread, now −0.099%Rate

Funding earned: $487.8
Price spread: −0.099% → −0.091%: −$0.8
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $467.01
Costs to cover: 0.200%
Break-even: 0.3 days

Slippage unknown: SunX: live order book, 11 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 SunX live order book, 11 min ago	13.38 bp	35.8 bp −$36	doesn't fit	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 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	600.90	−0.066%	$45K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	601.58	+0.047%	$49.0M	$62.6M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	600.58	−0.120%	$1.1M	$664K	10x	as long as short
SunX XMR-USDTlong	+0.0100%	8h	601.30	long leg	$2K	$1.9M	20x
Aevo XMR-PERP	+0.0160%	1h	601.72	+0.070%	$12K	—	3x	as long as short
Lighter XMR	+0.0320%	1h	601.45	+0.025%	$3.4M	$6.9M	10x	as long as short
MEXC XMR_USDT	+0.0326%	8h	601.98	+0.113%	$22.4M	$14.9M	100x	as long as short
Binance XMRUSDT	+0.0334%	8h	601.76	+0.077%	$55.1M	$163.7M	75x	as long as short
Variational Omni XMR	+0.0369%	8h	602.00	+0.117%	$7.0M	$2.5M	—	as long as short
BingX XMR-USDT	+0.0401%	8h	601.52	+0.037%	—	$5.7M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0427%	8h	602.14	+0.140%	$10.1M	$14.3M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0458%	1h	600.70	−0.100%	$5.7M	$20.5M	50x	as long as short
BloFin XMR-USDT	+0.0461%	8h	601.64	+0.057%	$2.8M	$11.7M	75x	as long as short
Gate XMR_USDT	+0.0542%	8h	601.47	+0.028%	$1.7M	$4.6M	50x	as long as short
Pacifica XMR	+0.0565%	1h	601.89	+0.098%	$283K	$1.0M	10x	as long as short
KuCoin XMRUSDTM	+0.0580%	8h	601.80	+0.083%	$49.2M	$25.9M	50x	as long as short
Aster XMRUSDT	+0.0588%	8h	601.70	+0.067%	$694K	$2.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0610%	8h	601.80	+0.083%	$351K	$797K	10x	as long as short
Polymarket Perps XMR-USD	+0.0746%	1h	602.18	+0.146%	$23K	$1.8M	5x	as long as short
SoDEX XMR-USD	+0.0804%	1h	601.72	+0.070%	$457K	$3K	5x	as long as short
Backpack XMR_USDC_PERP	+0.0835%	1h	601.37	+0.012%	$205K	$575K	20x	as long as short
Paradex XMR-USD-PERP	+0.0874%	8h	601.89	+0.098%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]short	L +0.0891% / S −0.2423%	1h	600.70	−0.099%	$553K	—	100x
Orderly PERP_XMR_USDC	+0.0959%	8h	601.64	+0.057%	$44K	$729K	10x	as long as short
Nado XMR-PERP	+0.1207%	1h	601.44	+0.023%	$1.3M	$475K	10x	as long as short
Injective XMR/USDC PERP	+0.1312%	1h	596.76	−0.755%	$3K	$6K	12x	as long as short
Hyperliquid XMR	+0.1626%	1h	602.35	+0.175%	$90.7M	$69.8M	5x	as long as short
Extended XMR-USD	+0.1832%	1h	601.62	+0.054%	$3.2M	$6.9M	25x	as long as short
HTX XMR-USDT	+0.1967%	8h	599.38	−0.319%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2328%	1h	600.38	−0.153%	$2K	$47K	10x	as long as short
dYdX XMR-USD	+0.3118%	1h	600.61	−0.115%	$109K	$50K	5x	as long as short