Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0272%/8h= +29.7% APRpaid last 24h −0.185%

Price spread now: Gate against dYdX+0.253%7-day average +0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs−$372as in the Funding arb table

Net, price: spread back to 7d avg − costs−$307as in the Price arb table

costs, in and out, $10k−$3223.220% of the position

Long on dYdX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.502%−$50 on $10k

Price spread, last 4 days (all we have)−0.275%−$27 · spread now +0.253%, 7d avg +0.099%

Together, before fees−0.777%−$78 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Gate is 0.154% dearer against dYdX than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.099%. Mind the row above: over the last 7 days funding on this pair cost −0.502%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XMR-USD	581.81	0.0260	pay 0.0033% / 1h	7m 21s	$105K	$47K	5x
Short	Gate XMR_USDT	583.28	0.0532	get 0.0532% / 8h	5h 07m	$1.6M	$4.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against dYdX. 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 dYdXbpFee GatebpOrdersPrice spread, now +0.253%Rate

Funding earned: $57.03
Price spread: +0.253% → +0.099%: $15.39
Slippage, 4 orders: −$296.95
Fee dYdX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$249.53
Costs to cover: 3.220%
Break-even: 37.6 days

Slippage from dYdX: live order book, 56 min ago; Gate: live order book, 1 min ago.

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 dYdX live order book, 56 min ago	74.57 bp	89.0 bp −$89	90.0 bp −$900	267.6 bp −$26.8K	1122.4 bp −$561.2K
Sell Gate live order book, 1 min ago	3.44 bp	22.3 bp −$22	40.2 bp −$402	doesn't fit	doesn't fit

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 −0.0010%	1h	582.76	+0.163%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+0.127%	$3K	$6K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	585.77	+0.681%	$1.0M	$655K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	582.80	+0.170%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	583.00	+0.205%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	583.52	+0.294%	$12K	—	3x	as long as short
Polymarket Perps XMR-USD	+0.0256%	1h	582.11	+0.052%	$25K	$2.1M	5x	as long as short
dYdX XMR-USDlong	+0.0260%	1h	581.81	long leg	$105K	$47K	5x
Bybit XMRUSDT	+0.0492%	8h	583.66	+0.318%	$47.4M	$64.2M	75x	as long as short
Lighter XMR	+0.0496%	1h	582.20	+0.067%	$3.3M	$7.2M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XMR_USDT	+0.0504%	8h	582.41	+0.103%	$20.7M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0504%	8h	582.83	+0.175%	$53.1M	$165.6M	75x	as long as short
Gate XMR_USDTshort	+0.0532%	8h	583.28	+0.253%	$1.6M	$4.5M	50x
BingX XMR-USDT	+0.0569%	8h	584.04	+0.383%	—	$5.7M	—	as long as short
Bitget XMRUSDT	+0.0594%	8h	583.64	+0.315%	$9.6M	$14.1M	50x	as long as short
KuCoin XMRUSDTM	+0.0672%	8h	582.05	+0.041%	$47.8M	$26.0M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0685%	1h	582.76	+0.163%	$171K	$537K	20x	as long as short
Aster XMRUSDT	+0.0713%	8h	582.08	+0.047%	$656K	$2.4M	75x	as long as short
BloFin XMR-USDT	+0.0778%	8h	584.75	+0.505%	$2.7M	$11.4M	75x	as long as short
Paradex XMR-USD-PERP	+0.0876%	8h	582.22	+0.071%	$8K	$4K	20x	as long as short
GRVT XMR_USDT_Perp	+0.0911%	8h	584.28	+0.425%	$339K	$764K	10x	as long as short
Kraken Futures PF_XMRUSD	+0.0959%	1h	581.66	−0.025%	$5.5M	$19.6M	50x	as long as short
Nado XMR-PERP	+0.0987%	1h	582.22	+0.071%	$1.3M	$463K	10x	as long as short
Pacifica XMR	+0.0996%	1h	582.19	+0.065%	$268K	$1.1M	10x	as long as short
Hyperliquid XMR	+0.1011%	1h	582.48	+0.115%	$87.8M	$71.1M	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1040% / S −0.1407%	1h	582.83	+0.176%	$648K	—	100x	as long as short
Extended XMR-USD	+0.1048%	1h	582.72	+0.157%	$3.1M	$8.0M	25x	as long as short
SoDEX XMR-USD	+0.1055%	1h	582.80	+0.170%	$443K	$3K	5x	as long as short
Variational Omni XMR	+0.1064%	8h	586.59	+0.821%	$6.7M	$2.4M	—	as long as short
Orderly PERP_XMR_USDC	+0.1111%	8h	583.46	+0.284%	$41K	$720K	10x	as long as short
Aftermath Perps XMRUSD	+0.2440%	1h	584.34	+0.435%	$1K	$45K	10x	as long as short