Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0657%/8h= +71.9% APRpaid last 24h +0.182%

Price spread now: GMX against BingX−0.277%7-day average −0.207% · you buy dearer than you sell

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

Long on BingX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.355%+$36 on $10k

Price spread, last 4 days (all we have)+0.103%+$10 · spread now −0.277%, 7d avg −0.207%

Together, before fees+0.458%+$46 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.070% cheaper against BingX than usual: you would sell low and buy high (spread −0.277% now, against its 7-day average of −0.207%). If the spread goes back, that is −$7 on $10k: about 9 hours of funding at the current rate (+$20 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX XMR-USDT	573.00	0.0560	pay 0.0560% / 8h	3h 26m	—	$5.6M	—
Short	GMX XMR/USD [WBTC.b-USDC]	571.41	L +0.0989% / S −0.1217%	get 0.0152% / 1h	26m 07s	$595K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BingX. 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 BingXbpFee GMXbpOrdersPrice spread, now −0.277%Rate

Funding earned: $137.9
Price spread: −0.277% → −0.207%: −$7.03
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $108.87
Costs to cover: 0.220%
Break-even: 1.5 days

Slippage unknown: BingX: live order book, 9 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 BingX live order book, 9 min ago	0.61 bp	12.8 bp −$13	22.4 bp −$224	126.2 bp −$12.6K	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	571.36	−0.287%	$37K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.667%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	573.33	+0.058%	$1.0M	$642K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	572.36	−0.112%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	573.14	+0.024%	$1.1M	$1.6M	20x	as long as short
Paradex XMR-USD-PERP	+0.0212%	8h	572.91	−0.016%	$8K	$4K	20x	as long as short
Aevo XMR-PERP	+0.0216%	1h	573.19	+0.034%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSD	+0.0226%	1h	571.62	−0.241%	$5.4M	$19.5M	50x	as long as short
KuCoin XMRUSDTM	+0.0324%	8h	572.05	−0.166%	$45.0M	$26.4M	50x	as long as short
Gate XMR_USDT	+0.0497%	8h	572.31	−0.120%	$1.5M	$4.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0522%	8h	572.64	−0.063%	$9.4M	$13.5M	50x	as long as short
Binance XMRUSDT	+0.0552%	8h	572.86	−0.025%	$52.3M	$163.5M	75x	as long as short
MEXC XMR_USDT	+0.0553%	8h	572.97	−0.005%	$19.8M	$14.7M	100x	as long as short
BingX XMR-USDTlong	+0.0560%	8h	573.00	long leg	—	$5.6M	—
Lighter XMR	+0.0560%	1h	572.72	−0.049%	$3.1M	$7.5M	10x	as long as short
Backpack XMR_USDC_PERP	+0.0570%	1h	572.36	−0.112%	$169K	$532K	20x	as long as short
Bybit XMRUSDT	+0.0619%	8h	572.74	−0.045%	$46.6M	$64.4M	75x	as long as short
Extended XMR-USD	+0.0648%	1h	572.77	−0.039%	$3.1M	$8.3M	25x	as long as short
Pacifica XMR	+0.0682%	1h	572.74	−0.045%	$265K	$1.0M	10x	as long as short
Aster XMRUSDT	+0.0701%	8h	572.42	−0.101%	$634K	$2.3M	75x	as long as short
Polymarket Perps XMR-USD	+0.0746%	1h	572.56	−0.077%	$25K	$2.2M	5x	as long as short
BloFin XMR-USDT	+0.0911%	8h	572.50	−0.087%	$2.7M	$11.1M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0952%	8h	573.58	+0.101%	$337K	$726K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]short	L +0.0989% / S −0.1217%	1h	571.41	−0.277%	$595K	—	100x
Nado XMR-PERP	+0.1071%	1h	572.45	−0.095%	$1.3M	$458K	10x	as long as short
Variational Omni XMR	+0.1120%	8h	574.77	+0.310%	$6.4M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1127%	8h	572.79	−0.037%	$40K	$735K	10x	as long as short
dYdX XMR-USD	+0.1132%	1h	571.66	−0.235%	$104K	$44K	5x	as long as short
Hyperliquid XMR	+0.1243%	1h	572.76	−0.042%	$86.3M	$71.4M	5x	as long as short
SoDEX XMR-USD	+0.1384%	1h	572.88	−0.021%	$435K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.1938%	1h	572.71	−0.051%	$1K	$44K	10x	as long as short