Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0326%/8h= +35.7% APRpaid last 24h +0.210%

Price spread now: Binance against gTrade (Gains Network)+0.113%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Binance

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 for this trade now. Funding pays +$10 a day on $10k at the current rate, and Binance is 0.113% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XMR/USD	596.54	L +0.0010% / S −0.0009%	pay 0.0001% / 1h	48m 48s	$44K	—	150x
Short	Binance XMRUSDT	597.22	0.0336	get 0.0336% / 8h	1h 48m	$54.8M	$162.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BinancebpOrdersPrice spread, now +0.113%Rate

Funding earned: $68.54
Price spread: +0.113% → 0.000%: $11.33
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: $57.87
Costs to cover: 0.220%
Break-even: 1.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Binance: live order book, 9 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	0.33 bp	11.1 bp −$11	27.3 bp −$273	doesn't fit	doesn't fit

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/USDlong	L +0.0010% / S −0.0009%	1h	596.54	long leg	$44K	—	150x
Bybit XMRUSDT	+0.0100%	8h	597.10	+0.093%	$48.3M	$61.4M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	594.76	−0.299%	$1.1M	$666K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	596.46	−0.014%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0168%	1h	597.05	+0.085%	$12K	—	3x	as long as short
Variational Omni XMR	+0.0246%	8h	594.49	−0.344%	$6.9M	$2.7M	—	as long as short
MEXC XMR_USDT	+0.0332%	8h	597.23	+0.115%	$22.4M	$14.9M	100x	as long as short
Binance XMRUSDTshort	+0.0336%	8h	597.22	+0.113%	$54.8M	$162.7M	75x
BingX XMR-USDT	+0.0372%	8h	597.05	+0.085%	—	$5.8M	—	as long as short
Kraken Futures PF_XMRUSD	+0.0382%	1h	596.20	−0.057%	$5.7M	$20.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica XMR	+0.0387%	1h	597.32	+0.130%	$271K	$1.0M	10x	as long as short
Bitget XMRUSDT	+0.0395%	8h	597.51	+0.162%	$10.0M	$14.2M	50x	as long as short
Gate XMR_USDT	+0.0463%	8h	596.89	+0.058%	$1.6M	$4.5M	50x	as long as short
BloFin XMR-USDT	+0.0473%	8h	597.40	+0.143%	$2.8M	$11.5M	75x	as long as short
Aster XMRUSDT	+0.0536%	8h	597.47	+0.155%	$672K	$2.3M	75x	as long as short
KuCoin XMRUSDTM	+0.0563%	8h	596.68	+0.023%	$48.8M	$25.8M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0591%	8h	595.56	−0.165%	$354K	$785K	10x	as long as short
Injective XMR/USDC PERP	+0.0695%	1h	591.89	−0.780%	$3K	$6K	12x	as long as short
Polymarket Perps XMR-USD	+0.0741%	1h	597.36	+0.137%	$23K	$1.8M	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0823% / S −0.1341%	1h	596.15	−0.066%	$341K	—	100x	as long as short
Lighter XMR	+0.0840%	1h	597.04	+0.084%	$3.5M	$6.7M	10x	as long as short
Paradex XMR-USD-PERP	+0.0881%	8h	596.96	+0.070%	$8K	$4K	20x	as long as short
Orderly PERP_XMR_USDC	+0.0899%	8h	597.04	+0.083%	$48K	$719K	10x	as long as short
SoDEX XMR-USD	+0.0984%	1h	597.13	+0.098%	$454K	$3K	5x	as long as short
Backpack XMR_USDC_PERP	+0.0984%	1h	597.03	+0.081%	$203K	$574K	20x	as long as short
dYdX XMR-USD	+0.1435%	1h	596.52	−0.005%	$108K	$50K	5x	as long as short
Nado XMR-PERP	+0.1655%	1h	596.94	+0.066%	$1.3M	$479K	10x	as long as short
Extended XMR-USD	+0.1712%	1h	597.43	+0.149%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1951%	1h	597.72	+0.197%	$88.3M	$67.2M	5x	as long as short
HTX XMR-USDT	+0.2163%	8h	594.90	−0.276%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2462%	1h	596.29	−0.043%	$2K	$47K	10x	as long as short