Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0614%/8h= +67.2% APRpaid last 24h +0.182%

Price spread now: Gate against Injective−1.023%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Gate is 1.023% cheaper against Injective than usual: you would sell low and buy high (spread −1.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$102 on $10k: about 5.6 days of funding at the current rate (+$18 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XMR/USDC PERP	582.55	0.0033	pay 0.0004% / 1h	4m 46s	$3K	$3K	12x
Short	Gate XMR_USDT	576.59	0.0647	get 0.0647% / 8h	1h 04m	$1.6M	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Injective. 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 InjectivebpFee GatebpOrdersPrice spread, now −1.023%Rate

Funding earned: $128.87
Price spread: −1.023% → 0.000%: −$102.31
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $11.54
Costs to cover: 0.150%
Break-even: 6.4 days

Slippage unknown: Injective: no order-book sample; Gate: live order book, 3 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 Injective no order-book sample	—	—	—	—	—
Sell Gate live order book, 3 min ago	6.75 bp	22.6 bp −$23	49.8 bp −$498	doesn't fit	doesn't fit

Injective: 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 −0.0004%	1h	576.35	−1.064%	$33K	—	150x	as long as short
Injective XMR/USDC PERPlong	+0.0033%	1h	582.55	long leg	$3K	$3K	12x
edgeX XMRUSDC	+0.0100%	4h	578.14	−0.757%	$1.0M	$561K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	576.34	−1.066%	$2K	$1.4M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	577.07	−0.941%	$1.1M	$1.3M	20x	as long as short
Extended XMR-USD	+0.0136%	1h	576.76	−0.994%	$3.0M	$8.1M	25x	as long as short
Lighter XMR	+0.0208%	1h	576.77	−0.991%	$3.1M	$6.2M	10x	as long as short
Aevo XMR-PERP	+0.0232%	1h	577.21	−0.917%	$12K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0303%	8h	577.08	−0.939%	$45.7M	$20.8M	50x	as long as short
Polymarket Perps XMR-USD	+0.0410%	1h	576.84	−0.980%	$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	+0.0436%	1h	576.73	−0.999%	$104K	$42K	5x	as long as short
Bybit XMRUSDT	+0.0574%	8h	576.70	−1.004%	$46.9M	$55.4M	75x	as long as short
Bitget XMRUSDT	+0.0580%	8h	577.30	−0.901%	$9.6M	$11.1M	50x	as long as short
BingX XMR-USDT	+0.0588%	8h	576.97	−0.958%	—	$5.3M	—	as long as short
MEXC XMR_USDT	+0.0608%	8h	577.01	−0.951%	$20.3M	$14.5M	100x	as long as short
Binance XMRUSDT	+0.0609%	8h	577.04	−0.946%	$52.5M	$122.1M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0630%	1h	576.21	−1.088%	$5.4M	$12.4M	50x	as long as short
Gate XMR_USDTshort	+0.0647%	8h	576.59	−1.023%	$1.6M	$3.3M	50x
Paradex XMR-USD-PERP	+0.0702%	8h	577.23	−0.913%	$8K	$3K	20x	as long as short
Hyperliquid XMR	+0.0723%	1h	577.03	−0.947%	$87.5M	$63.0M	5x	as long as short
Aster XMRUSDT	+0.0767%	8h	577.12	−0.932%	$644K	$1.9M	75x	as long as short
SoDEX XMR-USD	+0.0818%	1h	577.07	−0.941%	$439K	$3K	5x	as long as short
Nado XMR-PERP	+0.0850%	1h	577.02	−0.949%	$1.3M	$420K	10x	as long as short
GRVT XMR_USDT_Perp	+0.0968%	8h	577.91	−0.797%	$335K	$652K	10x	as long as short
BloFin XMR-USDT	+0.0971%	8h	577.23	−0.913%	$2.7M	$10.6M	75x	as long as short
Backpack XMR_USDC_PERP	+0.0973%	1h	576.60	−1.021%	$175K	$479K	20x	as long as short
Pacifica XMR	+0.1002%	1h	577.06	−0.942%	$270K	$847K	10x	as long as short
Variational Omni XMR	+0.1032%	8h	577.39	−0.885%	$6.2M	$2.3M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1171% / S −0.1566%	1h	576.39	−1.058%	$598K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1177%	8h	576.85	−0.978%	$41K	$532K	10x	as long as short
Aftermath Perps XMRUSD	+0.1831%	1h	577.09	−0.937%	$1K	$41K	10x	as long as short