Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1127%/8h= +123.4% APRpaid last 24h +0.216%

Price spread now: BingX against gTrade (Gains Network)+0.190%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on BingX

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 for this trade now. Funding pays +$34 a day on $10k at the current rate, and BingX is 0.190% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XMR/USD	584.41	L +0.0010% / S −0.0009%	pay 0.0001% / 1h	1m 56s	$34K	—	150x
Short	BingX XMR-USDT	585.52	0.1137	get 0.1137% / 8h	7h 01m	—	$5.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BingXbpOrdersPrice spread, now +0.190%Rate

Funding earned: $236.65
Price spread: +0.190% → 0.000%: $19.04
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: $233.7
Costs to cover: 0.220%
Break-even: 0.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BingX: live order book, 3 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BingX live order book, 3 min ago	1.87 bp	15.4 bp −$15	28.4 bp −$284	72.6 bp −$7,257	497.7 bp −$248.9K

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/USDlong	L +0.0010% / S −0.0009%	1h	584.41	long leg	$34K	—	150x
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+2.114%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	588.69	+0.734%	$1.0M	$662K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	584.86	+0.078%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	585.04	+0.108%	$1.1M	$1.6M	20x	as long as short
dYdX XMR-USD	+0.0127%	1h	585.05	+0.110%	$106K	$50K	5x	as long as short
Aevo XMR-PERP	+0.0192%	1h	585.65	+0.214%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0436%	8h	585.46	+0.180%	$21.2M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0437%	8h	585.38	+0.166%	$53.4M	$167.1M	75x	as long as short
Bitget XMRUSDT	+0.0564%	8h	585.21	+0.137%	$9.6M	$14.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XMRUSDT	+0.0627%	8h	585.21	+0.138%	$649K	$2.5M	75x	as long as short
BloFin XMR-USDT	+0.0632%	8h	586.86	+0.420%	$2.7M	$11.5M	75x	as long as short
Gate XMR_USDT	+0.0638%	8h	585.07	+0.113%	$1.6M	$4.7M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0651%	1h	584.41	0.000%	$5.6M	$20.5M	50x	as long as short
Pacifica XMR	+0.0659%	1h	585.82	+0.242%	$269K	$1.1M	10x	as long as short
KuCoin XMRUSDTM	+0.0724%	8h	585.43	+0.175%	$48.0M	$26.0M	50x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0892% / S −0.2588%	1h	584.29	−0.020%	$545K	—	100x	as long as short
Variational Omni XMR	+0.0927%	8h	587.94	+0.604%	$6.7M	$2.6M	—	as long as short
GRVT XMR_USDT_Perp	+0.0961%	8h	589.16	+0.814%	$342K	$792K	10x	as long as short
Backpack XMR_USDC_PERP	+0.0967%	1h	584.69	+0.048%	$183K	$535K	20x	as long as short
Orderly PERP_XMR_USDC	+0.1041%	8h	585.52	+0.190%	$42K	$733K	10x	as long as short
Polymarket Perps XMR-USD	+0.1082%	1h	585.47	+0.182%	$50K	$1.9M	5x	as long as short
Lighter XMR	+0.1112%	1h	585.44	+0.177%	$3.3M	$7.2M	10x	as long as short
BingX XMR-USDTshort	+0.1137%	8h	585.52	+0.190%	—	$5.8M	—
Bybit XMRUSDT	+0.1162%	8h	585.55	+0.196%	$47.0M	$64.7M	75x	as long as short
Paradex XMR-USD-PERP	+0.1251%	8h	585.59	+0.203%	$8K	$4K	20x	as long as short
SoDEX XMR-USD	+0.1252%	1h	585.51	+0.189%	$445K	$3K	5x	as long as short
Nado XMR-PERP	+0.1368%	1h	585.97	+0.267%	$1.3M	$464K	10x	as long as short
Hyperliquid XMR	+0.1856%	1h	585.50	+0.187%	$88.8M	$72.8M	5x	as long as short
Extended XMR-USD	+0.2352%	1h	585.38	+0.166%	$3.1M	$8.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2666%	1h	586.40	+0.341%	$1K	$46K	10x	as long as short