Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1815%/8h= +198.8% APRpaid last 24h +0.106%

Price spread now: GMX against Aster−0.048%7-day average −0.154% · you buy dearer than you sell

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

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.193%+$19 on $10k

Price spread, last 3 days (all we have)−0.086%−$9 · spread now −0.048%, 7d avg −0.154%

Together, before fees+0.107%+ Points / potential airdropAster: Stage 5 · farm board+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$54 a day on $10k at the current rate, and GMX is 0.107% dearer against Aster than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.154%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.193% in total (about 22.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XMRUSDT	591.62	0.0637	pay 0.0637% / 8h	7h 33m	$656K	$2.5M	75x
Short	GMX XMR/USD [WBTC.b-USDC]	591.34	L +0.0871% / S −0.2452%	get 0.0307% / 1h	33m 51s	$550K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Aster. 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 AsterbpFee GMXbpOrdersPrice spread, now −0.048%Rate

Funding earned: $381.17
Price spread: −0.048% → −0.154%: $10.66
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $371.84
Costs to cover: 0.200%
Break-even: 0.2 days

Slippage unknown: Aster: live order book, 5 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 Aster live order book, 5 min ago	1.94 bp	9.1 bp −$9	37.5 bp −$375	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 −0.0009%	1h	591.32	−0.050%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+0.869%	$3K	$4K	12x	as long as short
dYdX XMR-USD	+0.0073%	1h	590.84	−0.132%	$107K	$50K	5x	as long as short
edgeX XMRUSDC	+0.0100%	4h	592.20	+0.098%	$1.1M	$659K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	592.07	+0.076%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	591.95	+0.056%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0184%	1h	591.80	+0.030%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0425%	8h	592.00	+0.064%	$21.5M	$15.2M	100x	as long as short
Binance XMRUSDT	+0.0426%	8h	591.79	+0.029%	$54.1M	$166.8M	75x	as long as short
Bitget XMRUSDT	+0.0526%	8h	592.03	+0.069%	$9.7M	$14.4M	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	+0.0608%	8h	592.66	+0.176%	$2.8M	$11.7M	75x	as long as short
Aster XMRUSDTlong	+0.0637%	8h	591.62	long leg	$656K	$2.5M	75x
Kraken Futures PF_XMRUSD	+0.0644%	1h	590.19	−0.242%	$5.6M	$20.5M	50x	as long as short
Pacifica XMR	+0.0659%	1h	592.86	+0.209%	$278K	$1.1M	10x	as long as short
KuCoin XMRUSDTM	+0.0681%	8h	591.60	−0.003%	$48.5M	$26.1M	50x	as long as short
Variational Omni XMR	+0.0813%	8h	593.30	+0.284%	$6.8M	$2.6M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]short	L +0.0871% / S −0.2452%	1h	591.34	−0.048%	$550K	—	100x
Backpack XMR_USDC_PERP	+0.0986%	1h	590.82	−0.135%	$200K	$526K	20x	as long as short
Gate XMR_USDT	+0.0996%	8h	591.48	−0.024%	$1.6M	$4.6M	50x	as long as short
Orderly PERP_XMR_USDC	+0.1031%	8h	591.89	+0.046%	$42K	$738K	10x	as long as short
Paradex XMR-USD-PERP	+0.1180%	8h	592.54	+0.156%	$8K	$4K	20x	as long as short
Lighter XMR	+0.1248%	1h	591.26	−0.061%	$3.3M	$7.1M	10x	as long as short
Polymarket Perps XMR-USD	+0.1310%	1h	592.60	+0.166%	$48K	$1.9M	5x	as long as short
GRVT XMR_USDT_Perp	+0.1340%	8h	593.01	+0.235%	$350K	$804K	10x	as long as short
Nado XMR-PERP	+0.1405%	1h	592.79	+0.198%	$1.3M	$467K	10x	as long as short
SoDEX XMR-USD	+0.1429%	1h	591.35	−0.046%	$449K	$3K	5x	as long as short
BingX XMR-USDT	+0.1447%	8h	592.14	+0.088%	—	$5.8M	—	as long as short
Bybit XMRUSDT	+0.1467%	8h	592.48	+0.145%	$47.7M	$64.5M	75x	as long as short
Hyperliquid XMR	+0.2138%	1h	592.22	+0.101%	$89.8M	$72.5M	5x	as long as short
Extended XMR-USD	+0.2464%	1h	591.64	+0.003%	$3.2M	$7.9M	25x	as long as short
Aftermath Perps XMRUSD	+0.2565%	1h	592.12	+0.085%	$1K	$46K	10x	as long as short