Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0530%/8h= −58.0% APRpaid last 24h +0.111%

Price spread now: Extended against Gate+0.085%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$540.543% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.409%+$41 on $10k

Price spread, last 7 days−0.100%−$10 · spread now +0.085%, 7d avg +0.020%

Together, before fees+0.309%+ Points / potential airdropExtended: Active · farm board+$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.065% dearer against Gate than usual: you sell high and buy low (spread +0.085% now, against its 7-day average of +0.020%): +$6 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 10 hours. Mind the row above: over the last 7 days funding on this pair paid +0.409%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XMR_USDT	576.84	0.0642	pay 0.0642% / 8h	1h 02m	$1.6M	$3.3M	50x
Short	Extended XMR-USD	577.33	0.0112	get 0.0014% / 1h	2m 48s	$3.0M	$8.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Gate. 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 GatebpFee ExtendedbpOrdersPrice spread, now +0.085%Rate

Funding earned: −$111.3
Price spread: +0.085% → +0.020%: $6.47
Slippage, 4 orders: −$34.3
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$159.13
Costs to cover: 0.543%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Extended: 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 Gate live order book, 5 min ago	6.75 bp	21.0 bp −$21	65.0 bp −$650	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	1.48 bp	6.5 bp −$7	12.7 bp −$127	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 −0.0004%	1h	575.69	−0.199%	$32K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+0.990%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	577.13	+0.050%	$1.0M	$562K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	576.50	−0.059%	$2K	$1.4M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	576.51	−0.057%	$1.1M	$1.3M	20x	as long as short
Extended XMR-USDshort	+0.0112%	1h	577.33	+0.085%	$3.0M	$8.1M	25x
Lighter XMR	+0.0200%	1h	576.83	−0.002%	$3.1M	$6.2M	10x	as long as short
Aevo XMR-PERP	+0.0232%	1h	577.23	+0.068%	$12K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0298%	8h	576.83	−0.002%	$45.6M	$20.8M	50x	as long as short
Polymarket Perps XMR-USD	+0.0389%	1h	576.38	−0.080%	$26K	$1.8M	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX XMR-USD	+0.0448%	1h	576.05	−0.137%	$104K	$42K	5x	as long as short
Bybit XMRUSDT	+0.0565%	8h	577.22	+0.066%	$46.9M	$55.4M	75x	as long as short
Bitget XMRUSDT	+0.0576%	8h	577.84	+0.173%	$9.6M	$11.1M	50x	as long as short
BingX XMR-USDT	+0.0586%	8h	577.49	+0.113%	—	$5.3M	—	as long as short
Binance XMRUSDT	+0.0599%	8h	577.45	+0.106%	$52.5M	$122.0M	75x	as long as short
MEXC XMR_USDT	+0.0603%	8h	577.50	+0.114%	$20.3M	$14.5M	100x	as long as short
Kraken Futures PF_XMRUSD	+0.0630%	1h	576.16	−0.119%	$5.4M	$12.4M	50x	as long as short
Gate XMR_USDTlong	+0.0642%	8h	576.84	long leg	$1.6M	$3.3M	50x
Paradex XMR-USD-PERP	+0.0679%	8h	577.26	+0.073%	$8K	$3K	20x	as long as short
Hyperliquid XMR	+0.0710%	1h	577.39	+0.095%	$87.5M	$63.0M	5x	as long as short
Aster XMRUSDT	+0.0758%	8h	576.80	−0.007%	$644K	$1.8M	75x	as long as short
SoDEX XMR-USD	+0.0789%	1h	576.72	−0.021%	$438K	$3K	5x	as long as short
Nado XMR-PERP	+0.0841%	1h	576.79	−0.009%	$1.3M	$420K	10x	as long as short
GRVT XMR_USDT_Perp	+0.0952%	8h	577.11	+0.047%	$335K	$652K	10x	as long as short
BloFin XMR-USDT	+0.0954%	8h	577.21	+0.064%	$2.7M	$10.6M	75x	as long as short
Backpack XMR_USDC_PERP	+0.0962%	1h	576.88	+0.007%	$175K	$479K	20x	as long as short
Pacifica XMR	+0.1002%	1h	577.18	+0.059%	$270K	$847K	10x	as long as short
Variational Omni XMR	+0.1032%	8h	577.39	+0.096%	$6.2M	$2.3M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1170% / S −0.1566%	1h	575.89	−0.165%	$597K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1176%	8h	576.73	−0.019%	$41K	$530K	10x	as long as short
Aftermath Perps XMRUSD	+0.1822%	1h	576.37	−0.082%	$1K	$41K	10x	as long as short