Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1740%/8h= −190.5% APRpaid last 24h −0.099%

Price spread now: gTrade (Gains Network) against Bybit−0.118%52s7-day average — · you buy dearer than you sell

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

Long on Bybit 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 −$52 a day on $10k at the current rate, and gTrade (Gains Network) is 0.118% cheaper against Bybit than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 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	Bybit XMRUSDT	590.99	0.1749	pay 0.1749% / 8h	7h 51m	$48.0M	$64.6M	75x
Short	gTrade (Gains Network) XMR/USD	590.29	L +0.0010% / S −0.0009%	get 0.0001% / 1h	51m 34s	$45K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bybit. 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 BybitbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.118%Rate

Funding earned: −$365.31
Price spread: −0.118% → 0.000%: −$11.83
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$400.14
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Bybit: 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 Bybit live order book, 2 min ago	1.01 bp	10.3 bp −$10	22.0 bp −$220	83.2 bp −$8,318	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	590.29	−0.118%	$45K	—	150x
dYdX XMR-USD	+0.0023%	1h	589.21	−0.302%	$107K	$50K	5x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+0.976%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	592.61	+0.273%	$1.1M	$658K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	590.99	0.000%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	592.41	+0.240%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0176%	1h	591.36	+0.063%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0384%	8h	590.70	−0.049%	$21.6M	$15.1M	100x	as long as short
Binance XMRUSDT	+0.0388%	8h	590.68	−0.053%	$54.1M	$166.4M	75x	as long as short
Bitget XMRUSDT	+0.0491%	8h	590.90	−0.015%	$9.7M	$14.6M	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	+0.0542%	8h	592.92	+0.327%	$2.8M	$11.7M	75x	as long as short
Aster XMRUSDT	+0.0619%	8h	590.80	−0.032%	$642K	$2.5M	75x	as long as short
KuCoin XMRUSDTM	+0.0623%	8h	590.24	−0.127%	$48.3M	$26.2M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0644%	1h	590.18	−0.138%	$5.6M	$20.6M	50x	as long as short
Pacifica XMR	+0.0659%	1h	590.92	−0.012%	$275K	$1.1M	10x	as long as short
Variational Omni XMR	+0.0673%	8h	592.97	+0.336%	$6.8M	$2.6M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0870% / S −0.2452%	1h	590.09	−0.152%	$549K	—	100x	as long as short
Backpack XMR_USDC_PERP	+0.0985%	1h	590.32	−0.113%	$200K	$559K	20x	as long as short
Orderly PERP_XMR_USDC	+0.0995%	8h	591.14	+0.025%	$42K	$734K	10x	as long as short
Paradex XMR-USD-PERP	+0.1023%	8h	590.50	−0.082%	$8K	$4K	20x	as long as short
Gate XMR_USDT	+0.1054%	8h	590.73	−0.044%	$1.7M	$4.6M	50x	as long as short
Lighter XMR	+0.1360%	1h	590.67	−0.054%	$3.3M	$7.1M	10x	as long as short
Nado XMR-PERP	+0.1477%	1h	590.84	−0.025%	$1.3M	$470K	10x	as long as short
SoDEX XMR-USD	+0.1480%	1h	591.29	+0.051%	$449K	$3K	5x	as long as short
Polymarket Perps XMR-USD	+0.1560%	1h	591.81	+0.139%	$49K	$2.0M	5x	as long as short
BingX XMR-USDT	+0.1631%	8h	590.98	−0.002%	—	$5.8M	—	as long as short
GRVT XMR_USDT_Perp	+0.1732%	8h	592.18	+0.201%	$347K	$795K	10x	as long as short
Bybit XMRUSDTlong	+0.1749%	8h	590.99	long leg	$48.0M	$64.6M	75x
Extended XMR-USD	+0.2288%	1h	590.70	−0.049%	$3.2M	$7.1M	25x	as long as short
Hyperliquid XMR	+0.2456%	1h	590.95	−0.007%	$89.3M	$72.6M	5x	as long as short
Aftermath Perps XMRUSD	+0.2476%	1h	591.93	+0.158%	$2K	$46K	10x	as long as short