Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0076%/8h= +8.4% APRpaid last 24h −0.006%

Price spread now: BingX against GMX+0.269%7-day average +0.202% · you sell dearer than you buy

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

Long on GMX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.194%−$19 on $10k

Price spread, last 3 days (all we have)−0.048%−$5 · spread now +0.269%, 7d avg +0.202%

Together, before fees−0.243%−$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BingX is 0.067% dearer against GMX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.202%. Mind the row above: over the last 3 days funding on this pair cost −0.194%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XMR/USD [WBTC.b-USDC]	581.35	L +0.0914% / S −0.1124%	pay 0.0114% / 1h	42m 29s	$658K	—	100x
Short	BingX XMR-USDT	582.92	0.0990	get 0.0990% / 8h	6h 42m	—	$5.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against GMX. 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 GMXbpFee BingXbpOrdersPrice spread, now +0.269%Rate

Funding earned: $16.04
Price spread: +0.269% → +0.202%: $6.7
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: $0.73
Costs to cover: 0.220%
Break-even: 6.7 days

Slippage unknown: GMX: no order-book sample; BingX: live order book, 8 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 GMX no order-book sample	—	—	—	—	—
Sell BingX live order book, 8 min ago	1.01 bp	9.9 bp −$10	29.4 bp −$294	89.6 bp −$8,963	508.6 bp −$254.3K

GMX: 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/USD	L +0.0010% / S −0.0009%	1h	581.71	+0.062%	$33K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+2.650%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	588.96	+1.308%	$1.0M	$666K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	582.30	+0.163%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	582.83	+0.254%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0200%	1h	583.03	+0.288%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0467%	8h	582.58	+0.211%	$21.0M	$15.2M	100x	as long as short
Binance XMRUSDT	+0.0468%	8h	582.32	+0.166%	$53.2M	$168.1M	75x	as long as short
Gate XMR_USDT	+0.0489%	8h	581.95	+0.102%	$1.6M	$4.6M	50x	as long as short
dYdX XMR-USD	+0.0547%	1h	581.28	−0.012%	$105K	$50K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0576%	8h	582.56	+0.207%	$9.6M	$14.4M	50x	as long as short
Aster XMRUSDT	+0.0644%	8h	582.00	+0.110%	$646K	$2.5M	75x	as long as short
BloFin XMR-USDT	+0.0679%	8h	591.31	+1.712%	$2.7M	$11.6M	75x	as long as short
KuCoin XMRUSDTM	+0.0728%	8h	582.07	+0.123%	$47.7M	$26.1M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0799%	1h	582.03	+0.116%	$182K	$535K	20x	as long as short
Pacifica XMR	+0.0821%	1h	582.42	+0.183%	$268K	$1.1M	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]long	L +0.0914% / S −0.1124%	1h	581.35	long leg	$658K	—	100x
GRVT XMR_USDT_Perp	+0.0949%	8h	585.49	+0.711%	$347K	$789K	10x	as long as short
Variational Omni XMR	+0.0967%	8h	588.98	+1.311%	$6.7M	$2.7M	—	as long as short
Polymarket Perps XMR-USD	+0.0979%	1h	582.47	+0.192%	$58K	$2.0M	5x	as long as short
BingX XMR-USDTshort	+0.0990%	8h	582.92	+0.269%	—	$5.8M	—
Bybit XMRUSDT	+0.0991%	8h	582.18	+0.142%	$46.9M	$65.1M	75x	as long as short
Lighter XMR	+0.1000%	1h	582.36	+0.173%	$3.3M	$7.2M	10x	as long as short
Orderly PERP_XMR_USDC	+0.1046%	8h	582.83	+0.254%	$42K	$735K	10x	as long as short
Paradex XMR-USD-PERP	+0.1230%	8h	582.54	+0.203%	$8K	$4K	20x	as long as short
Kraken Futures PF_XMRUSD	+0.1314%	1h	581.85	+0.086%	$5.5M	$20.5M	50x	as long as short
Nado XMR-PERP	+0.1412%	1h	582.27	+0.158%	$1.3M	$464K	10x	as long as short
SoDEX XMR-USD	+0.1449%	1h	582.86	+0.259%	$443K	$3K	5x	as long as short
Hyperliquid XMR	+0.1653%	1h	582.40	+0.180%	$88.0M	$73.4M	5x	as long as short
Extended XMR-USD	+0.2088%	1h	582.43	+0.185%	$3.2M	$8.2M	25x	as long as short
Aftermath Perps XMRUSD	+0.2747%	1h	586.16	+0.827%	$1K	$46K	10x	as long as short