Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0891%/8h= −97.5% APRpaid last 24h +0.507%

Price spread now: HTX against GMX+0.029%7-day average −0.095% · you sell dearer than you buy

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

Long on GMX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+1.646%+$165 on $10k

Price spread, last 4 days (all we have)−0.691%−$69 · spread now +0.029%, 7d avg −0.095%

Together, before fees+0.956%+$96 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.123% dearer against GMX than usual: you sell high and buy low (spread +0.029% now, against its 7-day average of −0.095%): +$12 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 11 hours. Mind the row above: over the last 3 days funding on this pair paid +1.646%, 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	GMX XMR/USD [WBTC.b-USDC]	574.83	L +0.0991% / S −0.1217%	pay 0.0124% / 1h	14m 05s	$599K	—	100x
Short	HTX XMR-USDT	575.00	0.0100	get 0.0100% / 8h	3h 14m	$1.1M	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$187.06
Price spread: +0.029% → −0.095%: $12.35
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$198.71
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; HTX: live order book, 5 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 HTX live order book, 5 min ago	16.61 bp	50.1 bp −$50	doesn't fit	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 −0.0003%	1h	575.03	+0.034%	$38K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.342%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	573.03	−0.313%	$1.0M	$645K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	575.49	+0.114%	$2K	$1.9M	20x	as long as short
HTX XMR-USDTshort	+0.0100%	8h	575.00	+0.029%	$1.1M	$1.6M	20x
Aevo XMR-PERP	+0.0224%	1h	576.56	+0.300%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSD	+0.0225%	1h	574.88	+0.008%	$5.4M	$19.1M	50x	as long as short
KuCoin XMRUSDTM	+0.0310%	8h	575.69	+0.149%	$45.2M	$26.4M	50x	as long as short
Paradex XMR-USD-PERP	+0.0462%	8h	576.36	+0.266%	$8K	$4K	20x	as long as short
Bitget XMRUSDT	+0.0523%	8h	576.26	+0.248%	$9.5M	$13.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XMR_USDT	+0.0559%	8h	575.59	+0.132%	$1.5M	$4.5M	50x	as long as short
MEXC XMR_USDT	+0.0563%	8h	576.14	+0.227%	$19.9M	$14.7M	100x	as long as short
Binance XMRUSDT	+0.0569%	8h	576.08	+0.216%	$52.6M	$163.0M	75x	as long as short
BingX XMR-USDT	+0.0600%	8h	576.10	+0.220%	—	$5.6M	—	as long as short
Lighter XMR	+0.0640%	1h	576.06	+0.214%	$3.2M	$7.6M	10x	as long as short
Bybit XMRUSDT	+0.0645%	8h	575.93	+0.191%	$46.8M	$64.3M	75x	as long as short
Backpack XMR_USDC_PERP	+0.0673%	1h	575.63	+0.139%	$170K	$532K	20x	as long as short
Pacifica XMR	+0.0682%	1h	576.15	+0.229%	$267K	$1.0M	10x	as long as short
Extended XMR-USD	+0.0712%	1h	575.96	+0.196%	$3.1M	$8.3M	25x	as long as short
Aster XMRUSDT	+0.0724%	8h	575.85	+0.177%	$644K	$2.3M	75x	as long as short
Polymarket Perps XMR-USD	+0.0750%	1h	575.91	+0.187%	$28K	$2.2M	5x	as long as short
dYdX XMR-USD	+0.0908%	1h	574.85	+0.002%	$104K	$44K	5x	as long as short
BloFin XMR-USDT	+0.0926%	8h	576.00	+0.203%	$2.7M	$11.2M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0971%	8h	573.05	−0.310%	$339K	$739K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]long	L +0.0991% / S −0.1217%	1h	574.83	long leg	$599K	—	100x
Nado XMR-PERP	+0.1100%	1h	576.05	+0.213%	$1.3M	$458K	10x	as long as short
Variational Omni XMR	+0.1143%	8h	573.01	−0.316%	$6.3M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1147%	8h	575.90	+0.186%	$40K	$735K	10x	as long as short
Hyperliquid XMR	+0.1241%	1h	575.92	+0.189%	$86.8M	$71.2M	5x	as long as short
SoDEX XMR-USD	+0.1427%	1h	576.13	+0.226%	$438K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.1885%	1h	573.43	−0.244%	$1K	$43K	10x	as long as short