Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0431%/8h= −47.2% APRpaid last 24h −0.172%

Price spread now: gTrade (Gains Network) against Bitget−0.274%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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 −$13 a day on $10k at the current rate, and gTrade (Gains Network) is 0.274% cheaper against Bitget than usual: you would sell low and buy high (−$27 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XMRUSDT	592.76	0.0440	pay 0.0440% / 8h	20m 46s	$9.7M	$14.5M	50x
Short	gTrade (Gains Network) XMR/USD	591.13	L +0.0010% / S −0.0009%	get 0.0001% / 1h	20m 46s	$44K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bitget. 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 BitgetbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.274%Rate

Funding earned: −$90.56
Price spread: −0.274% → 0.000%: −$27.43
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$141.99
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago	3.63 bp	17.9 bp −$18	30.9 bp −$309	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 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/USDshort	L +0.0010% / S −0.0009%	1h	591.13	−0.274%	$44K	—	150x
Bybit XMRUSDT	+0.0100%	8h	592.89	+0.022%	$48.4M	$63.7M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	592.21	−0.092%	$1.1M	$664K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	591.83	−0.157%	$2K	$2.0M	20x	as long as short
Lighter XMR	+0.0152%	1h	592.48	−0.047%	$3.4M	$7.0M	10x	as long as short
Aevo XMR-PERP	+0.0160%	1h	591.54	−0.206%	$12K	—	3x	as long as short
Backpack XMR_USDC_PERP	+0.0230%	1h	591.96	−0.135%	$201K	$577K	20x	as long as short
MEXC XMR_USDT	+0.0305%	8h	592.64	−0.020%	$22.0M	$15.0M	100x	as long as short
Binance XMRUSDT	+0.0310%	8h	592.62	−0.024%	$54.2M	$165.2M	75x	as long as short
BingX XMR-USDT	+0.0413%	8h	592.92	+0.027%	—	$5.8M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDTlong	+0.0440%	8h	592.76	long leg	$9.7M	$14.5M	50x
BloFin XMR-USDT	+0.0447%	8h	592.42	−0.057%	$2.8M	$11.6M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0465%	1h	591.15	−0.271%	$5.6M	$20.5M	50x	as long as short
Gate XMR_USDT	+0.0472%	8h	591.78	−0.165%	$1.6M	$4.6M	50x	as long as short
Variational Omni XMR	+0.0497%	8h	592.75	−0.002%	$6.8M	$2.6M	—	as long as short
KuCoin XMRUSDTM	+0.0551%	8h	591.93	−0.140%	$48.4M	$26.1M	50x	as long as short
Pacifica XMR	+0.0565%	1h	592.27	−0.083%	$278K	$1.1M	10x	as long as short
Aster XMRUSDT	+0.0580%	8h	592.02	−0.125%	$661K	$2.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0585%	8h	592.52	−0.040%	$348K	$794K	10x	as long as short
Polymarket Perps XMR-USD	+0.0750%	1h	592.44	−0.054%	$21K	$1.7M	5x	as long as short
Paradex XMR-USD-PERP	+0.0835%	8h	592.28	−0.081%	$8K	$4K	20x	as long as short
SoDEX XMR-USD	+0.0853%	1h	592.51	−0.042%	$450K	$3K	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0870% / S −0.2449%	1h	591.25	−0.254%	$549K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0950%	8h	592.41	−0.059%	$42K	$733K	10x	as long as short
Nado XMR-PERP	+0.1138%	1h	592.46	−0.050%	$1.3M	$477K	10x	as long as short
Injective XMR/USDC PERP	+0.1312%	1h	596.76	+0.675%	$3K	$6K	12x	as long as short
Hyperliquid XMR	+0.1667%	1h	593.04	+0.047%	$89.2M	$71.5M	5x	as long as short
Extended XMR-USD	+0.1800%	1h	592.57	−0.032%	$3.2M	$7.0M	25x	as long as short
HTX XMR-USDT	+0.1892%	8h	592.31	−0.076%	$1.1M	$1.5M	20x	as long as short
dYdX XMR-USD	+0.2181%	1h	591.11	−0.278%	$107K	$50K	5x	as long as short
Aftermath Perps XMRUSD	+0.2287%	1h	593.22	+0.078%	$2K	$47K	10x	as long as short