Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h +0.188%

Price spread now: dYdX against Gate−0.161%7-day average −0.099% · you buy dearer than you sell

Net, funding: paid 7d − costs−$274as in the Funding arb table

Net, price: spread back to 7d avg − costs−$331as in the Price arb table

costs, in and out, $10k−$3253.250% of the position

Long on Gate Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.505%+$51 on $10k

Price spread, last 4 days (all we have)+0.131%+$13 · spread now −0.161%, 7d avg −0.099%

Together, before fees+0.637%+$64 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.062% cheaper against Gate than usual: you would sell low and buy high (spread −0.161% now, against its 7-day average of −0.099%). If the spread goes back, that is −$6 on $10k: about 8.4 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.505% in total) that is about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XMR_USDT	574.65	0.0373	pay 0.0373% / 8h	4h 19m	$1.6M	$4.5M	50x
Short	dYdX XMR-USD	573.73	0.0398	get 0.0050% / 1h	19m 20s	$104K	$44K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Gate. 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 GatebpFee dYdXbpOrdersPrice spread, now −0.161%Rate

Funding earned: $5.15
Price spread: −0.161% → −0.099%: −$6.21
Slippage, 4 orders: −$299.96
Fee Gate: 7.5 bp × 2 orders: −$15
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$326.02
Costs to cover: 3.250%
Break-even: 450.1 days

Slippage from Gate: live order book, 4 min ago; dYdX: live order book, 40 min ago.

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 Gate live order book, 4 min ago	8.17 bp	16.9 bp −$17	35.8 bp −$358	doesn't fit	doesn't fit
Sell dYdX live order book, 40 min ago	134.90 bp	139.9 bp −$140	139.9 bp −$1,399	350.6 bp −$35.1K	1587.4 bp −$793.7K

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
Injective XMR/USDC PERP	−0.0136%	1h	582.55	+1.375%	$3K	$3K	12x	as long as short
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0008%	1h	573.72	−0.163%	$50K	—	150x	as long as short
Lighter XMR	+0.0096%	1h	574.26	−0.068%	$3.3M	$7.5M	10x	as long as short
edgeX XMRUSDC	+0.0100%	4h	576.43	+0.309%	$1.0M	$653K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	574.39	−0.045%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	574.00	−0.113%	$1.1M	$1.6M	20x	as long as short
Kraken Futures PF_XMRUSD	+0.0149%	1h	573.46	−0.207%	$5.4M	$19.5M	50x	as long as short
Aevo XMR-PERP	+0.0200%	1h	574.85	+0.035%	$12K	—	3x	as long as short
Polymarket Perps XMR-USD	+0.0293%	1h	574.48	−0.030%	$26K	$2.2M	5x	as long as short
Gate XMR_USDTlong	+0.0373%	8h	574.65	long leg	$1.6M	$4.5M	50x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit XMRUSDT	+0.0384%	8h	575.04	+0.068%	$46.8M	$64.4M	75x	as long as short
dYdX XMR-USDshort	+0.0398%	1h	573.73	−0.161%	$104K	$44K	5x
KuCoin XMRUSDTM	+0.0466%	8h	574.06	−0.103%	$45.0M	$26.7M	50x	as long as short
MEXC XMR_USDT	+0.0482%	8h	574.96	+0.054%	$20.2M	$15.0M	100x	as long as short
Binance XMRUSDT	+0.0482%	8h	574.97	+0.056%	$52.6M	$164.9M	75x	as long as short
BingX XMR-USDT	+0.0500%	8h	575.01	+0.063%	—	$5.7M	—	as long as short
Bitget XMRUSDT	+0.0517%	8h	574.81	+0.028%	$9.4M	$14.0M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0531%	1h	574.35	−0.052%	$169K	$535K	20x	as long as short
Pacifica XMR	+0.0626%	1h	574.88	+0.040%	$265K	$1.1M	10x	as long as short
Extended XMR-USD	+0.0648%	1h	574.82	+0.029%	$3.1M	$8.4M	25x	as long as short
Aster XMRUSDT	+0.0670%	8h	574.15	−0.088%	$637K	$2.4M	75x	as long as short
Nado XMR-PERP	+0.0771%	1h	574.90	+0.044%	$1.3M	$466K	10x	as long as short
BloFin XMR-USDT	+0.0779%	8h	574.93	+0.049%	$2.7M	$11.2M	75x	as long as short
Paradex XMR-USD-PERP	+0.0786%	8h	574.89	+0.042%	$8K	$4K	20x	as long as short
Hyperliquid XMR	+0.0814%	1h	574.80	+0.026%	$86.4M	$71.0M	5x	as long as short
GRVT XMR_USDT_Perp	+0.0842%	8h	575.85	+0.209%	$345K	$733K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0989% / S −0.1253%	1h	573.54	−0.193%	$590K	—	100x	as long as short
Variational Omni XMR	+0.1014%	8h	574.77	+0.021%	$6.5M	$2.2M	—	as long as short
SoDEX XMR-USD	+0.1077%	1h	574.96	+0.054%	$437K	$3K	5x	as long as short
Orderly PERP_XMR_USDC	+0.1122%	8h	574.75	+0.017%	$40K	$735K	10x	as long as short
Aftermath Perps XMRUSD	+0.2018%	1h	575.09	+0.077%	$2K	$44K	10x	as long as short