Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1117%/8h= +122.3% APRpaid last 24h +0.334%

Price spread now: GMX against SunX−0.133%7-day average −0.094% · you buy dearer than you sell

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

Long on SunX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.653%+$65 on $10k

Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.133%, 7d avg −0.094%

Together, before fees+0.714%+$71 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.038% cheaper against SunX than usual: you would sell low and buy high (spread −0.133% now, against its 7-day average of −0.094%). If the spread goes back, that is −$4 on $10k: about 3 hours of funding at the current rate (+$33 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XMR-USDT	572.89	0.0100	pay 0.0100% / 8h	3h 19m	$2K	$1.9M	20x
Short	GMX XMR/USD [WBTC.b-USDC]	572.13	L +0.0989% / S −0.1217%	get 0.0152% / 1h	19m 55s	$596K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.133%Rate

Funding earned: $234.5
Price spread: −0.133% → −0.094%: −$3.85
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $210.65
Costs to cover: 0.200%
Break-even: 0.7 days

Slippage unknown: SunX: live order book, 6 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 SunX live order book, 6 min ago	13.36 bp	35.4 bp −$35	doesn't fit	doesn't fit	doesn't fit
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 −0.0003%	1h	572.31	−0.101%	$37K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.686%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	572.90	+0.002%	$1.0M	$644K	10x	as long as short
SunX XMR-USDTlong	+0.0100%	8h	572.89	long leg	$2K	$1.9M	20x
HTX XMR-USDT	+0.0100%	8h	571.12	−0.309%	$1.0M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0216%	1h	573.60	+0.124%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSD	+0.0226%	1h	572.03	−0.150%	$5.4M	$19.5M	50x	as long as short
KuCoin XMRUSDTM	+0.0316%	8h	572.55	−0.059%	$45.0M	$26.4M	50x	as long as short
Paradex XMR-USD-PERP	+0.0356%	8h	573.56	+0.116%	$8K	$4K	20x	as long as short
Bitget XMRUSDT	+0.0520%	8h	573.44	+0.096%	$9.4M	$13.5M	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	+0.0523%	8h	572.52	−0.065%	$1.5M	$4.5M	50x	as long as short
MEXC XMR_USDT	+0.0552%	8h	573.04	+0.026%	$19.8M	$14.7M	100x	as long as short
Binance XMRUSDT	+0.0557%	8h	573.02	+0.023%	$52.3M	$163.1M	75x	as long as short
BingX XMR-USDT	+0.0591%	8h	573.20	+0.054%	—	$5.6M	—	as long as short
Lighter XMR	+0.0600%	1h	573.06	+0.029%	$3.1M	$7.5M	10x	as long as short
Backpack XMR_USDC_PERP	+0.0612%	1h	572.82	−0.012%	$169K	$532K	20x	as long as short
Bybit XMRUSDT	+0.0630%	8h	572.84	−0.009%	$46.7M	$64.4M	75x	as long as short
Extended XMR-USD	+0.0680%	1h	572.98	+0.016%	$3.1M	$8.3M	25x	as long as short
Pacifica XMR	+0.0682%	1h	573.22	+0.057%	$266K	$1.0M	10x	as long as short
Aster XMRUSDT	+0.0708%	8h	572.42	−0.082%	$638K	$2.3M	75x	as long as short
Polymarket Perps XMR-USD	+0.0746%	1h	573.18	+0.051%	$26K	$2.2M	5x	as long as short
BloFin XMR-USDT	+0.0909%	8h	574.02	+0.197%	$2.7M	$11.2M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0952%	8h	573.10	+0.036%	$339K	$739K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]short	L +0.0989% / S −0.1217%	1h	572.13	−0.133%	$596K	—	100x
dYdX XMR-USD	+0.0999%	1h	571.68	−0.212%	$104K	$44K	5x	as long as short
Nado XMR-PERP	+0.1091%	1h	573.23	+0.058%	$1.3M	$457K	10x	as long as short
Variational Omni XMR	+0.1135%	8h	573.72	+0.145%	$6.3M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1138%	8h	573.22	+0.058%	$40K	$735K	10x	as long as short
Hyperliquid XMR	+0.1257%	1h	573.03	+0.024%	$86.4M	$71.2M	5x	as long as short
SoDEX XMR-USD	+0.1409%	1h	573.26	+0.065%	$436K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.1931%	1h	572.97	+0.014%	$1K	$43K	10x	as long as short