Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0091%/8h= −10.0% APRpaid last 24h −0.091%

Price spread now: gTrade (Gains Network) against Bybit−0.169%7-day average — · you buy dearer than you sell

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

Long on Bybit 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 −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.169% cheaper against Bybit than usual: you would sell low and buy high (−$17 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	Bybit XMRUSDT	600.37	0.0100	pay 0.0100% / 8h	39m 59s	$49.2M	$63.0M	75x
Short	gTrade (Gains Network) XMR/USD	599.35	L +0.0010% / S −0.0009%	get 0.0001% / 1h	39m 59s	$45K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bybit. 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 BybitbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.169%Rate

Funding earned: −$19.16
Price spread: −0.169% → 0.000%: −$16.94
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$59.1
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago	0.08 bp	9.2 bp −$9	21.4 bp −$214	86.5 bp −$8,645	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	599.35	−0.169%	$45K	—	150x
Lighter XMR	+0.0096%	1h	599.76	−0.101%	$3.4M	$6.9M	10x	as long as short
Bybit XMRUSDTlong	+0.0100%	8h	600.37	long leg	$49.2M	$63.0M	75x
edgeX XMRUSDC	+0.0100%	4h	600.66	+0.049%	$1.1M	$667K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	599.31	−0.177%	$2K	$2.0M	20x	as long as short
Aevo XMR-PERP	+0.0160%	1h	599.97	−0.066%	$12K	—	3x	as long as short
Backpack XMR_USDC_PERP	+0.0262%	1h	599.50	−0.145%	$204K	$575K	20x	as long as short
Binance XMRUSDT	+0.0325%	8h	600.16	−0.035%	$55.0M	$164.2M	75x	as long as short
MEXC XMR_USDT	+0.0325%	8h	599.96	−0.068%	$22.3M	$14.9M	100x	as long as short
BingX XMR-USDT	+0.0408%	8h	600.48	+0.018%	—	$5.8M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XMR	+0.0413%	8h	600.72	+0.058%	$6.9M	$2.6M	—	as long as short
Bitget XMRUSDT	+0.0431%	8h	600.19	−0.030%	$10.0M	$14.3M	50x	as long as short
BloFin XMR-USDT	+0.0458%	8h	600.63	+0.043%	$2.8M	$11.7M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0459%	1h	599.21	−0.194%	$5.7M	$20.5M	50x	as long as short
Gate XMR_USDT	+0.0508%	8h	599.79	−0.097%	$1.7M	$4.6M	50x	as long as short
Pacifica XMR	+0.0565%	1h	600.42	+0.008%	$282K	$1.1M	10x	as long as short
KuCoin XMRUSDTM	+0.0573%	8h	599.69	−0.113%	$49.0M	$26.0M	50x	as long as short
Aster XMRUSDT	+0.0587%	8h	600.00	−0.062%	$685K	$2.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0604%	8h	600.62	+0.042%	$352K	$794K	10x	as long as short
SoDEX XMR-USD	+0.0632%	1h	600.18	−0.032%	$456K	$3K	5x	as long as short
Polymarket Perps XMR-USD	+0.0668%	1h	600.15	−0.037%	$23K	$1.8M	5x	as long as short
Paradex XMR-USD-PERP	+0.0852%	8h	600.20	−0.029%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0888% / S −0.2522%	1h	599.24	−0.188%	$570K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0942%	8h	599.88	−0.082%	$44K	$729K	10x	as long as short
Nado XMR-PERP	+0.1118%	1h	600.16	−0.035%	$1.3M	$475K	10x	as long as short
Injective XMR/USDC PERP	+0.1312%	1h	596.76	−0.601%	$3K	$6K	12x	as long as short
Hyperliquid XMR	+0.1632%	1h	600.79	+0.070%	$90.6M	$70.4M	5x	as long as short
Extended XMR-USD	+0.1760%	1h	600.07	−0.050%	$3.2M	$6.9M	25x	as long as short
HTX XMR-USDT	+0.1993%	8h	599.55	−0.137%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2309%	1h	600.17	−0.033%	$2K	$47K	10x	as long as short
dYdX XMR-USD	+0.2663%	1h	599.72	−0.108%	$109K	$50K	5x	as long as short