Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0962%/8h= +105.4% APRpaid last 24h +0.224%

Price spread now: GMX against MEXC−0.141%7-day average −0.202% · you buy dearer than you sell

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

Long on MEXC Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.401%+$40 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now −0.141%, 7d avg −0.202%

Together, before fees+0.348%+$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and GMX is 0.061% dearer against MEXC than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.202%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XMR_USDT	576.72	0.0585	pay 0.0585% / 8h	56m 43s	$20.2M	$11.0M	100x
Short	GMX XMR/USD [WBTC.b-USDC]	575.91	L +0.1171% / S −0.1547%	get 0.0193% / 1h	56m 43s	$600K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against MEXC. 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 MEXCbpFee GMXbpOrdersPrice spread, now −0.141%Rate

Funding earned: $202.1
Price spread: −0.141% → −0.202%: $6.14
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee GMX: 6 bp × 2 orders: −$12
Net: $192.24
Costs to cover: 0.160%
Break-even: 0.3 days

Slippage unknown: MEXC: live order book, 2 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 MEXC live order book, 2 min ago	0.09 bp	10.9 bp −$11	31.0 bp −$310	76.7 bp −$7,672	226.0 bp −$113.0K
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 −0.0004%	1h	576.17	−0.096%	$33K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.011%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	578.04	+0.229%	$1.0M	$540K	10x	as long as short
Polymarket Perps XMR-USD	+0.0100%	1h	576.52	−0.035%	$28K	$1.8M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	576.25	−0.081%	$2K	$1.4M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	576.00	−0.125%	$1.1M	$1.3M	20x	as long as short
Extended XMR-USD	+0.0104%	1h	576.49	−0.041%	$3.0M	$8.0M	25x	as long as short
Backpack XMR_USDC_PERP	+0.0144%	1h	576.53	−0.033%	$175K	$479K	20x	as long as short
Aevo XMR-PERP	+0.0232%	1h	576.94	+0.038%	$12K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0294%	8h	575.90	−0.142%	$45.5M	$20.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XMR	+0.0296%	1h	576.46	−0.045%	$3.1M	$5.8M	10x	as long as short
Hyperliquid XMR	+0.0344%	1h	576.58	−0.024%	$87.4M	$63.1M	5x	as long as short
SoDEX XMR-USD	+0.0539%	1h	576.80	+0.014%	$438K	$3K	5x	as long as short
Bybit XMRUSDT	+0.0541%	8h	576.68	−0.007%	$46.7M	$55.2M	75x	as long as short
Bitget XMRUSDT	+0.0559%	8h	576.76	+0.007%	$9.6M	$11.1M	50x	as long as short
BingX XMR-USDT	+0.0568%	8h	577.32	+0.104%	—	$5.3M	—	as long as short
Binance XMRUSDT	+0.0580%	8h	576.44	−0.048%	$52.4M	$121.3M	75x	as long as short
MEXC XMR_USDTlong	+0.0585%	8h	576.72	long leg	$20.2M	$11.0M	100x
Kraken Futures PF_XMRUSD	+0.0614%	1h	575.84	−0.153%	$5.4M	$12.3M	50x	as long as short
Gate XMR_USDT	+0.0616%	8h	576.22	−0.087%	$1.5M	$2.8M	50x	as long as short
Paradex XMR-USD-PERP	+0.0633%	8h	576.79	+0.012%	$8K	$3K	20x	as long as short
Pacifica XMR	+0.0735%	1h	576.69	−0.004%	$273K	$846K	10x	as long as short
Aster XMRUSDT	+0.0740%	8h	576.48	−0.042%	$644K	$1.8M	75x	as long as short
BloFin XMR-USDT	+0.0932%	8h	576.78	+0.010%	$2.7M	$10.5M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0940%	8h	577.61	+0.154%	$335K	$652K	10x	as long as short
Variational Omni XMR	+0.1008%	8h	577.39	+0.117%	$6.3M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1171%	8h	576.74	+0.003%	$41K	$517K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]short	L +0.1171% / S −0.1547%	1h	575.91	−0.141%	$600K	—	100x
Nado XMR-PERP	+0.1356%	1h	576.68	−0.007%	$1.3M	$435K	10x	as long as short
dYdX XMR-USD	+0.1500%	1h	575.73	−0.171%	$104K	$30K	5x	as long as short
Aftermath Perps XMRUSD	+0.1801%	1h	576.69	−0.006%	$1K	$41K	10x	as long as short