Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0465%/8h= −50.9% APRpaid last 24h −0.130%

Price spread now: gTrade (Gains Network) against Binance−0.238%282s7-day average — · you buy dearer than you sell

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

Long on Binance Short on gTrade (Gains Network)

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

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and gTrade (Gains Network) is 0.238% cheaper against Binance than usual: you would sell low and buy high (−$24 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 282 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XMRUSDT	567.73	0.0469	pay 0.0469% / 8h	5h 48m	$52.3M	$79.9M	75x
Short	gTrade (Gains Network) XMR/USD	566.38	L +0.0010% / S −0.0004%	get 0.0001% / 1h	48m 42s	$32K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Binance. 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 BinancebpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.238%Rate

Funding earned: −$97.6
Price spread: −0.238% → 0.000%: −$23.77
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$143.38
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 2 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 Binance live order book, 2 min ago	0.09 bp	11.4 bp −$11	24.9 bp −$249	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 exchanges

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 −0.0004%	1h	566.38	−0.238%	$32K	—	150x
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+2.611%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	567.38	−0.062%	$1.0M	$464K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	566.92	−0.142%	$2K	$861K	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	567.89	+0.029%	$1.0M	$933K	20x	as long as short
Lighter XMR	+0.0152%	1h	567.72	−0.001%	$3.0M	$4.5M	10x	as long as short
Aevo XMR-PERP	+0.0200%	1h	567.21	−0.092%	$11K	—	3x	as long as short
Polymarket Perps XMR-USD	+0.0384%	1h	567.64	−0.015%	$29K	$1.5M	5x	as long as short
Binance XMRUSDTlong	+0.0469%	8h	567.73	long leg	$52.3M	$79.9M	75x
MEXC XMR_USDT	+0.0472%	8h	567.90	+0.030%	$19.5M	$7.2M	100x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XMRUSDT	+0.0501%	8h	567.82	+0.016%	$656K	$1.2M	75x	as long as short
Extended XMR-USD	+0.0504%	1h	567.73	+0.001%	$3.1M	$6.4M	25x	as long as short
Bybit XMRUSDT	+0.0544%	8h	568.00	+0.048%	$46.0M	$41.1M	75x	as long as short
Gate XMR_USDT	+0.0565%	8h	567.81	+0.015%	$1.5M	$2.2M	50x	as long as short
KuCoin XMRUSDTM	+0.0607%	8h	568.09	+0.064%	$46.0M	$14.9M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0659%	1h	566.60	−0.199%	$5.4M	$6.3M	50x	as long as short
BingX XMR-USDT	+0.0675%	8h	567.93	+0.036%	—	$4.5M	—	as long as short
Paradex XMR-USD-PERP	+0.0718%	8h	567.92	+0.035%	$8K	$1K	20x	as long as short
Bitget XMRUSDT	+0.0723%	8h	568.05	+0.057%	$9.1M	$8.8M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0723%	8h	567.43	−0.052%	$339K	$682K	10x	as long as short
Backpack XMR_USDC_PERP	+0.0748%	1h	567.55	−0.031%	$127K	$406K	20x	as long as short
Pacifica XMR	+0.0759%	1h	567.89	+0.029%	$268K	$607K	10x	as long as short
BloFin XMR-USDT	+0.0799%	8h	567.35	−0.067%	$2.7M	$9.1M	75x	as long as short
Nado XMR-PERP	+0.0816%	1h	567.67	−0.011%	$1.2M	$164K	10x	as long as short
Variational Omni XMR	+0.0835%	8h	567.36	−0.065%	$6.1M	$2.1M	—	as long as short
SoDEX XMR-USD	+0.0933%	1h	567.63	−0.017%	$431K	$4K	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0935% / S −0.1108%	1h	565.78	−0.343%	$589K	—	100x	as long as short
Hyperliquid XMR	+0.1014%	1h	568.02	+0.051%	$86.4M	$51.8M	5x	as long as short
Orderly PERP_XMR_USDC	+0.1056%	8h	567.40	−0.058%	$41K	$296K	10x	as long as short
Aftermath Perps XMRUSD	+0.2126%	1h	567.81	+0.014%	$1K	$37K	10x	as long as short
dYdX XMR-USD	+0.3637%	1h	566.13	−0.281%	$103K	$24K	5x	as long as short