Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1441%/8h= +157.8% APRpaid last 24h +0.093%

Price spread now: GMX against Gate−0.202%7-day average −0.086% · you buy dearer than you sell

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

Long on Gate Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.032%+$3 on $10k

Price spread, last 3 days (all we have)+0.201%+$20 · spread now −0.202%, 7d avg −0.086%

Together, before fees+0.233%+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.117% cheaper against Gate than usual: you would sell low and buy high (spread −0.202% now, against its 7-day average of −0.086%). If the spread goes back, that is −$12 on $10k: about 6 hours of funding at the current rate (+$43 a day). At the pace of the last 3 days (+0.032% in total) that is about 12 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.032% in total (about 3.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XMR_USDT	592.76	0.1015	pay 0.1015% / 8h	7h 28m	$1.6M	$4.6M	50x
Short	GMX XMR/USD [WBTC.b-USDC]	591.56	L +0.0872% / S −0.2456%	get 0.0307% / 1h	28m 23s	$551K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.202%Rate

Funding earned: $302.59
Price spread: −0.202% → −0.086%: −$11.67
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: $263.92
Costs to cover: 0.270%
Break-even: 0.9 days

Slippage unknown: Gate: live order book, 5 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 Gate live order book, 5 min ago	7.44 bp	24.9 bp −$25	42.0 bp −$420	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 −0.0009%	1h	591.90	−0.145%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+0.675%	$3K	$4K	12x	as long as short
dYdX XMR-USD	+0.0067%	1h	590.58	−0.368%	$107K	$50K	5x	as long as short
edgeX XMRUSDC	+0.0100%	4h	592.20	−0.095%	$1.1M	$662K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	592.20	−0.094%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	590.36	−0.405%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0192%	1h	592.79	+0.006%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0426%	8h	592.99	+0.039%	$21.5M	$15.2M	100x	as long as short
Binance XMRUSDT	+0.0430%	8h	592.99	+0.039%	$54.1M	$166.9M	75x	as long as short
Bitget XMRUSDT	+0.0538%	8h	592.77	+0.002%	$9.7M	$14.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin XMR-USDT	+0.0608%	8h	592.34	−0.071%	$2.8M	$11.7M	75x	as long as short
Aster XMRUSDT	+0.0639%	8h	592.39	−0.063%	$656K	$2.5M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0643%	1h	591.78	−0.165%	$5.6M	$20.5M	50x	as long as short
Pacifica XMR	+0.0659%	1h	592.98	+0.037%	$278K	$1.1M	10x	as long as short
KuCoin XMRUSDTM	+0.0688%	8h	592.61	−0.025%	$48.7M	$26.0M	50x	as long as short
Variational Omni XMR	+0.0831%	8h	591.92	−0.141%	$6.8M	$2.6M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]short	L +0.0872% / S −0.2456%	1h	591.56	−0.202%	$551K	—	100x
Gate XMR_USDTlong	+0.1015%	8h	592.76	long leg	$1.6M	$4.6M	50x
Backpack XMR_USDC_PERP	+0.1016%	1h	592.13	−0.106%	$201K	$527K	20x	as long as short
Orderly PERP_XMR_USDC	+0.1038%	8h	592.77	+0.002%	$43K	$738K	10x	as long as short
GRVT XMR_USDT_Perp	+0.1138%	8h	590.06	−0.456%	$349K	$804K	10x	as long as short
Paradex XMR-USD-PERP	+0.1221%	8h	592.53	−0.038%	$8K	$4K	20x	as long as short
Polymarket Perps XMR-USD	+0.1248%	1h	592.89	+0.022%	$47K	$1.9M	5x	as long as short
Lighter XMR	+0.1272%	1h	592.86	+0.016%	$3.3M	$7.1M	10x	as long as short
Bybit XMRUSDT	+0.1345%	8h	593.05	+0.049%	$47.8M	$64.6M	75x	as long as short
SoDEX XMR-USD	+0.1383%	1h	593.03	+0.046%	$451K	$3K	5x	as long as short
BingX XMR-USDT	+0.1394%	8h	592.99	+0.039%	—	$5.8M	—	as long as short
Nado XMR-PERP	+0.1441%	1h	592.91	+0.026%	$1.3M	$467K	10x	as long as short
Hyperliquid XMR	+0.2072%	1h	593.12	+0.061%	$90.0M	$72.7M	5x	as long as short
Extended XMR-USD	+0.2528%	1h	592.88	+0.021%	$3.2M	$7.9M	25x	as long as short
Aftermath Perps XMRUSD	+0.2581%	1h	591.99	−0.129%	$1K	$46K	10x	as long as short