Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0438%/8h= −48.0% APRpaid last 24h −0.008%

Price spread now: Lighter against Gate+0.096%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$550.554% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 7 days−0.086%−$9 · spread now +0.096%, 7d avg +0.035%

Together, before fees−0.139%+ Points / potential airdropLighter: Season 3 · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.061% dearer against Gate than usual: you sell high and buy low (spread +0.096% now, against its 7-day average of +0.035%): +$6 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.053% in total) that is about 8.0 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.053% in total (about -2.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XMR_USDT	576.74	0.0638	pay 0.0638% / 8h	1h 02m	$1.6M	$3.3M	50x
Short	Lighter XMR	577.30	0.0200	get 0.0025% / 1h	2m 37s	$3.1M	$6.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.096%Rate

Funding earned: −$91.98
Price spread: +0.096% → +0.035%: $6.14
Slippage, 4 orders: −$40.39
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$141.23
Costs to cover: 0.554%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Lighter: live order book, 6 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, 5 min ago	6.75 bp	21.0 bp −$21	65.0 bp −$650	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	2.54 bp	9.0 bp −$9	19.8 bp −$198	117.6 bp −$11.8K	doesn't fit

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 −0.0004%	1h	575.69	−0.182%	$32K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.007%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	577.13	+0.068%	$1.0M	$562K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	576.50	−0.042%	$2K	$1.4M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	576.51	−0.040%	$1.1M	$1.3M	20x	as long as short
Extended XMR-USD	+0.0112%	1h	577.17	+0.075%	$3.0M	$8.1M	25x	as long as short
Lighter XMRshort	+0.0200%	1h	577.30	+0.096%	$3.1M	$6.2M	10x
Aevo XMR-PERP	+0.0232%	1h	577.23	+0.086%	$12K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0298%	8h	576.75	+0.002%	$45.6M	$20.8M	50x	as long as short
Polymarket Perps XMR-USD	+0.0389%	1h	576.38	−0.062%	$26K	$1.8M	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX XMR-USD	+0.0440%	1h	576.93	+0.034%	$104K	$42K	5x	as long as short
Bybit XMRUSDT	+0.0560%	8h	577.10	+0.062%	$46.9M	$55.4M	75x	as long as short
Bitget XMRUSDT	+0.0574%	8h	577.55	+0.140%	$9.6M	$11.1M	50x	as long as short
BingX XMR-USDT	+0.0582%	8h	577.38	+0.111%	—	$5.3M	—	as long as short
MEXC XMR_USDT	+0.0598%	8h	577.43	+0.120%	$20.3M	$14.5M	100x	as long as short
Binance XMRUSDT	+0.0599%	8h	577.46	+0.125%	$52.6M	$121.9M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0630%	1h	576.16	−0.101%	$5.4M	$12.4M	50x	as long as short
Gate XMR_USDTlong	+0.0638%	8h	576.74	long leg	$1.6M	$3.3M	50x
Paradex XMR-USD-PERP	+0.0672%	8h	577.69	+0.164%	$8K	$3K	20x	as long as short
Hyperliquid XMR	+0.0710%	1h	577.39	+0.113%	$87.5M	$63.0M	5x	as long as short
Aster XMRUSDT	+0.0758%	8h	576.85	+0.019%	$644K	$1.8M	75x	as long as short
SoDEX XMR-USD	+0.0789%	1h	576.72	−0.003%	$438K	$3K	5x	as long as short
Nado XMR-PERP	+0.0841%	1h	576.79	+0.008%	$1.3M	$420K	10x	as long as short
GRVT XMR_USDT_Perp	+0.0952%	8h	577.11	+0.064%	$335K	$652K	10x	as long as short
BloFin XMR-USDT	+0.0954%	8h	577.21	+0.081%	$2.7M	$10.6M	75x	as long as short
Backpack XMR_USDC_PERP	+0.0962%	1h	576.88	+0.024%	$175K	$479K	20x	as long as short
Pacifica XMR	+0.1002%	1h	577.34	+0.104%	$270K	$847K	10x	as long as short
Variational Omni XMR	+0.1032%	8h	577.39	+0.113%	$6.2M	$2.3M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1170% / S −0.1566%	1h	575.89	−0.147%	$597K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1176%	8h	576.73	−0.002%	$41K	$530K	10x	as long as short
Aftermath Perps XMRUSD	+0.1822%	1h	576.37	−0.065%	$1K	$41K	10x	as long as short