Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0452%/8h= −49.4% APRpaid last 24h −0.020%

Price spread now: Binance against GMX+0.080%7-day average +0.191% · you sell dearer than you buy

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

Long on GMX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.194%−$19 on $10k

Price spread, last 3 days (all we have)+0.082%+$8 · spread now +0.080%, 7d avg +0.191%

Together, before fees−0.112%−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Binance is 0.110% cheaper against GMX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.191%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XMR/USD [WBTC.b-USDC]	587.04	L +0.0888% / S −0.2559%	pay 0.0111% / 1h	3m 53s	$548K	—	100x
Short	Binance XMRUSDT	587.51	0.0437	get 0.0437% / 8h	7h 03m	$53.6M	$167.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against GMX. 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 GMXbpFee BinancebpOrdersPrice spread, now +0.080%Rate

Funding earned: −$94.83
Price spread: +0.080% → +0.191%: −$11.04
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$127.86
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Binance: live order book, 9 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 GMX no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	0.34 bp	14.5 bp −$14	29.3 bp −$293	67.1 bp −$6,712	doesn't fit

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	587.00	−0.006%	$34K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.656%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	588.69	+0.282%	$1.0M	$662K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	587.06	+0.004%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	587.39	+0.060%	$1.1M	$1.6M	20x	as long as short
dYdX XMR-USD	+0.0120%	1h	587.24	+0.034%	$106K	$50K	5x	as long as short
Aevo XMR-PERP	+0.0192%	1h	588.01	+0.166%	$12K	—	3x	as long as short
Binance XMRUSDTshort	+0.0437%	8h	587.51	+0.080%	$53.6M	$167.0M	75x
MEXC XMR_USDT	+0.0437%	8h	587.87	+0.142%	$21.3M	$15.3M	100x	as long as short
Bitget XMRUSDT	+0.0566%	8h	587.89	+0.145%	$9.7M	$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	+0.0632%	8h	588.00	+0.164%	$652K	$2.5M	75x	as long as short
BloFin XMR-USDT	+0.0633%	8h	588.32	+0.218%	$2.7M	$11.5M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0648%	1h	586.67	−0.063%	$5.6M	$20.5M	50x	as long as short
Pacifica XMR	+0.0659%	1h	589.05	+0.343%	$271K	$1.1M	10x	as long as short
Gate XMR_USDT	+0.0690%	8h	587.69	+0.111%	$1.6M	$4.7M	50x	as long as short
KuCoin XMRUSDTM	+0.0730%	8h	587.68	+0.109%	$48.2M	$26.0M	50x	as long as short
GMX XMR/USD [WBTC.b-USDC]long	L +0.0888% / S −0.2559%	1h	587.04	long leg	$548K	—	100x
Variational Omni XMR	+0.0927%	8h	587.94	+0.153%	$6.7M	$2.6M	—	as long as short
GRVT XMR_USDT_Perp	+0.0953%	8h	588.84	+0.307%	$348K	$792K	10x	as long as short
Backpack XMR_USDC_PERP	+0.0992%	1h	587.41	+0.063%	$184K	$535K	20x	as long as short
Orderly PERP_XMR_USDC	+0.1042%	8h	588.21	+0.200%	$43K	$733K	10x	as long as short
Polymarket Perps XMR-USD	+0.1105%	1h	588.71	+0.285%	$49K	$1.9M	5x	as long as short
Lighter XMR	+0.1160%	1h	587.84	+0.137%	$3.3M	$7.2M	10x	as long as short
BingX XMR-USDT	+0.1172%	8h	587.35	+0.053%	—	$5.8M	—	as long as short
Bybit XMRUSDT	+0.1197%	8h	587.23	+0.033%	$47.2M	$64.7M	75x	as long as short
Paradex XMR-USD-PERP	+0.1265%	8h	588.94	+0.324%	$8K	$4K	20x	as long as short
SoDEX XMR-USD	+0.1277%	1h	587.91	+0.149%	$447K	$3K	5x	as long as short
Nado XMR-PERP	+0.1367%	1h	588.91	+0.320%	$1.3M	$464K	10x	as long as short
Hyperliquid XMR	+0.1874%	1h	588.27	+0.210%	$89.2M	$72.7M	5x	as long as short
Extended XMR-USD	+0.2392%	1h	587.78	+0.127%	$3.1M	$8.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2641%	1h	588.63	+0.270%	$1K	$46K	10x	as long as short