Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0091%/8h= −9.9% APRpaid last 24h −0.065%

Price spread now: gTrade (Gains Network) against SunX−0.065%7-day average — · you buy dearer than you sell

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

Long on SunX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.065% cheaper against SunX than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XMR-USDT	589.38	0.0100	pay 0.0100% / 8h	7h 49m	$2K	$2.0M	20x
Short	gTrade (Gains Network) XMR/USD	588.99	L +0.0010% / S −0.0009%	get 0.0001% / 1h	49m 49s	$45K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against SunX. 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 SunXbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.065%Rate

Funding earned: −$19.06
Price spread: −0.065% → 0.000%: −$6.55
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$45.61
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 6 min ago; gTrade (Gains Network): 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 SunX live order book, 6 min ago	13.41 bp	35.1 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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/USDshort	L +0.0010% / S −0.0009%	1h	588.99	−0.065%	$45K	—	150x
dYdX XMR-USD	+0.0024%	1h	589.21	−0.030%	$107K	$50K	5x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.252%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	592.61	+0.547%	$1.1M	$658K	10x	as long as short
SunX XMR-USDTlong	+0.0100%	8h	589.38	long leg	$2K	$2.0M	20x
HTX XMR-USDT	+0.0100%	8h	590.36	+0.166%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0176%	1h	590.02	+0.108%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0387%	8h	590.01	+0.107%	$21.5M	$15.1M	100x	as long as short
Binance XMRUSDT	+0.0388%	8h	589.93	+0.093%	$54.0M	$166.4M	75x	as long as short
Bitget XMRUSDT	+0.0493%	8h	589.76	+0.064%	$9.7M	$14.6M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin XMR-USDT	+0.0560%	8h	590.60	+0.207%	$2.7M	$11.6M	75x	as long as short
Aster XMRUSDT	+0.0619%	8h	589.69	+0.053%	$640K	$2.5M	75x	as long as short
KuCoin XMRUSDTM	+0.0628%	8h	589.63	+0.042%	$48.2M	$26.2M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0646%	1h	588.80	−0.099%	$5.6M	$20.6M	50x	as long as short
Pacifica XMR	+0.0659%	1h	590.37	+0.168%	$275K	$1.1M	10x	as long as short
Variational Omni XMR	+0.0711%	8h	590.83	+0.247%	$6.8M	$2.6M	—	as long as short
Backpack XMR_USDC_PERP	+0.0820%	1h	589.42	+0.007%	$200K	$555K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0869% / S −0.2452%	1h	588.85	−0.090%	$548K	—	100x	as long as short
Gate XMR_USDT	+0.0948%	8h	589.50	+0.020%	$1.6M	$4.6M	50x	as long as short
Orderly PERP_XMR_USDC	+0.1000%	8h	590.01	+0.107%	$42K	$734K	10x	as long as short
Paradex XMR-USD-PERP	+0.1032%	8h	590.12	+0.125%	$8K	$4K	20x	as long as short
SoDEX XMR-USD	+0.1357%	1h	590.05	+0.114%	$448K	$3K	5x	as long as short
Lighter XMR	+0.1392%	1h	590.00	+0.105%	$3.3M	$7.1M	10x	as long as short
Nado XMR-PERP	+0.1461%	1h	590.40	+0.173%	$1.3M	$470K	10x	as long as short
Polymarket Perps XMR-USD	+0.1498%	1h	590.30	+0.156%	$47K	$2.0M	5x	as long as short
BingX XMR-USDT	+0.1630%	8h	590.14	+0.129%	—	$5.8M	—	as long as short
Bybit XMRUSDT	+0.1694%	8h	590.24	+0.146%	$47.9M	$64.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.1732%	8h	592.18	+0.475%	$347K	$795K	10x	as long as short
Hyperliquid XMR	+0.2251%	1h	590.00	+0.105%	$89.1M	$72.7M	5x	as long as short
Extended XMR-USD	+0.2296%	1h	589.92	+0.092%	$3.2M	$7.1M	25x	as long as short
Aftermath Perps XMRUSD	+0.2474%	1h	590.38	+0.170%	$2K	$46K	10x	as long as short