Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0908%/8h= +99.4% APRpaid last 24h +0.179%

Price spread now: GMX against Binance−0.111%7-day average −0.192% · you buy dearer than you sell

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

Long on Binance Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.332%+$33 on $10k

Price spread, last 4 days (all we have)−0.049%−$5 · spread now −0.111%, 7d avg −0.192%

Together, before fees+0.283%+$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and GMX is 0.082% dearer against Binance than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.192%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XMRUSDT	581.55	0.0499	pay 0.0499% / 8h	5h 05m	$52.9M	$165.6M	75x
Short	GMX XMR/USD [WBTC.b-USDC]	580.91	L +0.1040% / S −0.1407%	get 0.0176% / 1h	5m 51s	$648K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.111%Rate

Funding earned: $190.65
Price spread: −0.111% → −0.192%: $8.16
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $176.81
Costs to cover: 0.220%
Break-even: 0.5 days

Slippage unknown: Binance: live order book, 7 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 Binance live order book, 7 min ago	0.09 bp	12.1 bp −$12	26.1 bp −$261	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 −0.0010%	1h	580.91	−0.111%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+0.172%	$3K	$6K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	585.77	+0.726%	$1.0M	$655K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	581.22	−0.057%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	581.55	0.000%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	581.74	+0.032%	$12K	—	3x	as long as short
Polymarket Perps XMR-USD	+0.0251%	1h	581.50	−0.009%	$25K	$2.1M	5x	as long as short
dYdX XMR-USD	+0.0293%	1h	581.49	−0.011%	$105K	$47K	5x	as long as short
Lighter XMR	+0.0480%	1h	581.51	−0.008%	$3.3M	$7.2M	10x	as long as short
Bybit XMRUSDT	+0.0485%	8h	581.65	+0.017%	$47.2M	$64.1M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XMRUSDTlong	+0.0499%	8h	581.55	long leg	$52.9M	$165.6M	75x
MEXC XMR_USDT	+0.0504%	8h	581.69	+0.024%	$20.7M	$15.3M	100x	as long as short
Gate XMR_USDT	+0.0521%	8h	581.17	−0.066%	$1.6M	$4.5M	50x	as long as short
BingX XMR-USDT	+0.0569%	8h	581.79	+0.041%	—	$5.7M	—	as long as short
Bitget XMRUSDT	+0.0591%	8h	581.82	+0.046%	$9.5M	$14.1M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0658%	1h	581.15	−0.069%	$170K	$537K	20x	as long as short
KuCoin XMRUSDTM	+0.0667%	8h	581.27	−0.048%	$47.7M	$25.9M	50x	as long as short
Aster XMRUSDT	+0.0706%	8h	581.39	−0.028%	$655K	$2.4M	75x	as long as short
BloFin XMR-USDT	+0.0773%	8h	582.87	+0.227%	$2.7M	$11.4M	75x	as long as short
Paradex XMR-USD-PERP	+0.0869%	8h	581.79	+0.040%	$8K	$4K	20x	as long as short
GRVT XMR_USDT_Perp	+0.0911%	8h	584.28	+0.469%	$339K	$764K	10x	as long as short
Kraken Futures PF_XMRUSD	+0.0961%	1h	580.27	−0.221%	$5.5M	$19.6M	50x	as long as short
Nado XMR-PERP	+0.0981%	1h	581.92	+0.064%	$1.3M	$463K	10x	as long as short
Hyperliquid XMR	+0.0994%	1h	581.45	−0.017%	$87.6M	$71.1M	5x	as long as short
Pacifica XMR	+0.0996%	1h	581.84	+0.050%	$268K	$1.1M	10x	as long as short
Extended XMR-USD	+0.1024%	1h	581.54	−0.001%	$3.1M	$8.1M	25x	as long as short
SoDEX XMR-USD	+0.1032%	1h	581.68	+0.022%	$442K	$3K	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]short	L +0.1040% / S −0.1407%	1h	580.91	−0.111%	$648K	—	100x
Variational Omni XMR	+0.1053%	8h	581.66	+0.018%	$6.6M	$2.4M	—	as long as short
Orderly PERP_XMR_USDC	+0.1109%	8h	581.58	+0.005%	$41K	$720K	10x	as long as short
Aftermath Perps XMRUSD	+0.2429%	1h	583.74	+0.376%	$1K	$45K	10x	as long as short