Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0131%/8h= +14.3% APRpaid last 24h +0.118%

Price spread now: GMX against Variational Omni−0.128%50s7-day average −0.173% · you buy dearer than you sell

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

Long on Variational Omni Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.188%+$19 on $10k

Price spread, last 3 days (all we have)−0.068%−$7 · spread now −0.128%, 7d avg −0.173%

Together, before fees+0.120%+ Points / potential airdropVariational Omni: Active · farm board+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GMX is 0.044% dearer against Variational Omni than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.173%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XMR	585.44	0.1000	pay 0.1000% / 8h	6h 29m	$6.6M	$2.9M	—
Short	GMX XMR/USD [WBTC.b-USDC]	584.69	L +0.0921% / S −0.1131%	get 0.0141% / 1h	29m 34s	$652K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Variational Omni. 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 Variational OmnibpFee GMXbpOrdersPrice spread, now −0.128%Rate

Funding earned: $27.49
Price spread: −0.128% → −0.173%: $4.45
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $19.94
Costs to cover: 0.120%
Break-even: 1.9 days

Slippage unknown: Variational Omni: RFQ quote, 5 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 Variational Omni RFQ quote, 5 min ago	5.28 bp	doesn't fit	17.0 bp −$170	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 30 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 −0.0010%	1h	584.68	−0.130%	$35K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.934%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	585.74	+0.052%	$1.0M	$670K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	585.65	+0.036%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	584.96	−0.082%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0200%	1h	585.88	+0.074%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0493%	8h	586.80	+0.232%	$21.0M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0494%	8h	586.33	+0.152%	$53.7M	$168.4M	75x	as long as short
dYdX XMR-USD	+0.0533%	1h	584.99	−0.077%	$106K	$50K	5x	as long as short
Gate XMR_USDT	+0.0549%	8h	585.73	+0.050%	$1.6M	$4.6M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0600%	8h	586.75	+0.224%	$9.6M	$14.5M	50x	as long as short
Aster XMRUSDT	+0.0672%	8h	586.19	+0.128%	$650K	$2.5M	75x	as long as short
KuCoin XMRUSDTM	+0.0765%	8h	586.40	+0.164%	$48.0M	$26.2M	50x	as long as short
Pacifica XMR	+0.0821%	1h	586.87	+0.245%	$272K	$1.1M	10x	as long as short
Backpack XMR_USDC_PERP	+0.0868%	1h	586.11	+0.115%	$183K	$534K	20x	as long as short
BingX XMR-USDT	+0.0896%	8h	586.63	+0.203%	—	$5.8M	—	as long as short
Bybit XMRUSDT	+0.0903%	8h	586.33	+0.152%	$47.3M	$65.0M	75x	as long as short
GMX XMR/USD [WBTC.b-USDC]short	L +0.0921% / S −0.1131%	1h	584.69	−0.128%	$652K	—	100x
GRVT XMR_USDT_Perp	+0.0979%	8h	584.15	−0.220%	$340K	$792K	10x	as long as short
Variational Omni XMRlong	+0.1000%	8h	585.44	long leg	$6.6M	$2.9M	—
Lighter XMR	+0.1000%	1h	586.72	+0.218%	$3.3M	$7.2M	10x	as long as short
Polymarket Perps XMR-USD	+0.1041%	1h	585.90	+0.079%	$47K	$2.1M	5x	as long as short
Orderly PERP_XMR_USDC	+0.1051%	8h	585.97	+0.091%	$42K	$735K	10x	as long as short
Paradex XMR-USD-PERP	+0.1212%	8h	586.66	+0.209%	$8K	$4K	20x	as long as short
Kraken Futures PF_XMRUSD	+0.1306%	1h	585.21	−0.039%	$5.6M	$20.5M	50x	as long as short
Nado XMR-PERP	+0.1388%	1h	586.31	+0.148%	$1.3M	$466K	10x	as long as short
SoDEX XMR-USD	+0.1736%	1h	586.32	+0.150%	$446K	$3K	5x	as long as short
Hyperliquid XMR	+0.1771%	1h	587.08	+0.280%	$88.7M	$73.6M	5x	as long as short
Extended XMR-USD	+0.2000%	1h	586.44	+0.171%	$3.2M	$8.3M	25x	as long as short
Aftermath Perps XMRUSD	+0.2764%	1h	583.96	−0.253%	$1K	$46K	10x	as long as short