Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0431%/8h= −47.2% APRpaid last 24h −0.042%

Price spread now: Bitget against GMX+0.232%7-day average +0.190% · you sell dearer than you buy

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

Long on GMX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.309%−$31 on $10k

Price spread, last 3 days (all we have)−0.068%−$7 · spread now +0.232%, 7d avg +0.190%

Together, before fees−0.376%−$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.042% dearer against GMX than usual: you sell high and buy low (spread +0.232% now, against its 7-day average of +0.190%): +$4 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XMR/USD [WBTC.b-USDC]	591.09	L +0.0870% / S −0.2449%	pay 0.0109% / 1h	22m 19s	$549K	—	100x
Short	Bitget XMRUSDT	592.46	0.0439	get 0.0439% / 8h	22m 19s	$9.7M	$14.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.232%Rate

Funding earned: −$90.55
Price spread: +0.232% → +0.190%: $4.18
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$110.38
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Bitget: live order book, 1 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 Bitget live order book, 1 min ago	3.63 bp	16.3 bp −$16	27.7 bp −$277	doesn't fit	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	591.09	0.000%	$44K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	592.69	+0.271%	$48.4M	$63.7M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	594.12	+0.513%	$1.1M	$664K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	591.73	+0.109%	$2K	$2.0M	20x	as long as short
Lighter XMR	+0.0112%	1h	591.97	+0.150%	$3.4M	$7.0M	10x	as long as short
Aevo XMR-PERP	+0.0160%	1h	592.05	+0.163%	$12K	—	3x	as long as short
Backpack XMR_USDC_PERP	+0.0174%	1h	592.03	+0.159%	$201K	$577K	20x	as long as short
MEXC XMR_USDT	+0.0305%	8h	592.36	+0.215%	$22.0M	$15.0M	100x	as long as short
Binance XMRUSDT	+0.0306%	8h	592.45	+0.230%	$54.3M	$165.2M	75x	as long as short
BingX XMR-USDT	+0.0413%	8h	592.53	+0.244%	—	$5.8M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDTshort	+0.0439%	8h	592.46	+0.232%	$9.7M	$14.5M	50x
BloFin XMR-USDT	+0.0441%	8h	592.62	+0.259%	$2.8M	$11.6M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0465%	1h	590.98	−0.017%	$5.6M	$20.5M	50x	as long as short
Variational Omni XMR	+0.0466%	8h	595.11	+0.681%	$6.9M	$2.6M	—	as long as short
Gate XMR_USDT	+0.0472%	8h	591.73	+0.109%	$1.6M	$4.6M	50x	as long as short
KuCoin XMRUSDTM	+0.0555%	8h	591.74	+0.110%	$48.4M	$26.1M	50x	as long as short
Pacifica XMR	+0.0565%	1h	592.27	+0.200%	$278K	$1.1M	10x	as long as short
Aster XMRUSDT	+0.0577%	8h	591.88	+0.134%	$674K	$2.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0586%	8h	594.80	+0.629%	$349K	$794K	10x	as long as short
Polymarket Perps XMR-USD	+0.0734%	1h	592.50	+0.239%	$21K	$1.7M	5x	as long as short
SoDEX XMR-USD	+0.0799%	1h	592.01	+0.156%	$450K	$3K	5x	as long as short
Paradex XMR-USD-PERP	+0.0830%	8h	592.12	+0.175%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]long	L +0.0870% / S −0.2449%	1h	591.09	long leg	$549K	—	100x
Orderly PERP_XMR_USDC	+0.0949%	8h	592.43	+0.227%	$41K	$732K	10x	as long as short
Nado XMR-PERP	+0.1136%	1h	592.28	+0.202%	$1.3M	$477K	10x	as long as short
Injective XMR/USDC PERP	+0.1312%	1h	596.76	+0.960%	$3K	$6K	12x	as long as short
Hyperliquid XMR	+0.1647%	1h	592.77	+0.285%	$89.1M	$71.5M	5x	as long as short
Extended XMR-USD	+0.1768%	1h	592.29	+0.204%	$3.2M	$7.0M	25x	as long as short
HTX XMR-USDT	+0.1916%	8h	591.00	−0.015%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2289%	1h	593.71	+0.444%	$2K	$46K	10x	as long as short
dYdX XMR-USD	+0.2299%	1h	591.11	+0.004%	$107K	$50K	5x	as long as short