Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0846%/8h= +92.7% APRpaid last 24h +0.309%

Price spread now: GMX against Bybit−0.205%7-day average −0.181% · you buy dearer than you sell

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

Long on Bybit Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.581%+$58 on $10k

Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.205%, 7d avg −0.181%

Together, before fees+0.625%+$62 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.024% cheaper against Bybit than usual: you would sell low and buy high (spread −0.205% now, against its 7-day average of −0.181%). If the spread goes back, that is −$2 on $10k: about 2 hours of funding at the current rate (+$25 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XMRUSDT	575.54	0.0697	pay 0.0697% / 8h	2h 01m	$46.8M	$63.6M	75x
Short	GMX XMR/USD [WBTC.b-USDC]	574.36	L +0.1128% / S −0.1543%	get 0.0193% / 1h	1m 40s	$594K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.205%Rate

Funding earned: $177.72
Price spread: −0.205% → −0.181%: −$2.37
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GMX: 6 bp × 2 orders: −$12
Net: $152.35
Costs to cover: 0.230%
Break-even: 1.0 days

Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago	0.09 bp	11.9 bp −$12	23.5 bp −$235	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 −0.0003%	1h	574.35	−0.208%	$38K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.218%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	576.61	+0.186%	$1.0M	$641K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	574.37	−0.203%	$2K	$1.8M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	575.00	−0.094%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0240%	1h	575.88	+0.059%	$12K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0333%	8h	575.43	−0.019%	$45.4M	$26.2M	50x	as long as short
dYdX XMR-USD	+0.0422%	1h	574.44	−0.192%	$104K	$43K	5x	as long as short
Bitget XMRUSDT	+0.0591%	8h	575.71	+0.030%	$9.5M	$12.9M	50x	as long as short
MEXC XMR_USDT	+0.0641%	8h	575.69	+0.026%	$20.2M	$14.7M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XMRUSDT	+0.0642%	8h	575.65	+0.019%	$52.5M	$157.4M	75x	as long as short
BingX XMR-USDT	+0.0666%	8h	575.73	+0.033%	—	$5.5M	—	as long as short
Extended XMR-USD	+0.0672%	1h	575.71	+0.029%	$3.0M	$8.3M	25x	as long as short
Gate XMR_USDT	+0.0672%	8h	574.82	−0.125%	$1.6M	$4.3M	50x	as long as short
Polymarket Perps XMR-USD	+0.0681%	1h	574.93	−0.106%	$23K	$2.1M	5x	as long as short
Bybit XMRUSDTlong	+0.0697%	8h	575.54	long leg	$46.8M	$63.6M	75x
Kraken Futures PF_XMRUSD	+0.0745%	1h	574.67	−0.152%	$5.4M	$18.6M	50x	as long as short
Lighter XMR	+0.0760%	1h	575.64	+0.018%	$3.1M	$7.7M	10x	as long as short
Aster XMRUSDT	+0.0799%	8h	575.00	−0.094%	$639K	$2.2M	75x	as long as short
Paradex XMR-USD-PERP	+0.0891%	8h	575.56	+0.004%	$8K	$3K	20x	as long as short
Pacifica XMR	+0.0912%	1h	575.87	+0.057%	$267K	$1.0M	10x	as long as short
GRVT XMR_USDT_Perp	+0.1026%	8h	576.36	+0.143%	$347K	$718K	10x	as long as short
Hyperliquid XMR	+0.1031%	1h	575.64	+0.017%	$87.1M	$69.2M	5x	as long as short
BloFin XMR-USDT	+0.1060%	8h	575.35	−0.033%	$2.7M	$11.1M	75x	as long as short
GMX XMR/USD [WBTC.b-USDC]short	L +0.1128% / S −0.1543%	1h	574.36	−0.205%	$594K	—	100x
Variational Omni XMR	+0.1170%	8h	576.89	+0.235%	$6.2M	$2.4M	—	as long as short
Orderly PERP_XMR_USDC	+0.1201%	8h	575.49	−0.009%	$40K	$642K	10x	as long as short
Nado XMR-PERP	+0.1211%	1h	575.23	−0.053%	$1.3M	$448K	10x	as long as short
SoDEX XMR-USD	+0.1282%	1h	575.85	+0.054%	$438K	$3K	5x	as long as short
Backpack XMR_USDC_PERP	+0.1369%	1h	575.23	−0.054%	$175K	$534K	20x	as long as short
Aftermath Perps XMRUSD	+0.1995%	1h	575.45	−0.016%	$1K	$42K	10x	as long as short