XMR

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0572%/8h= −62.6% APRnext payment −$0.72 per $10,000 · paid last 24h +0.186%

Price spread now: dYdX against GMX+0.031%7-day average +0.005% · you sell dearer than you buy

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

Long on GMX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.172%+$17 on $10k

Price spread, last 4 days (all we have)−0.154%−$15 · spread now +0.031%, 7d avg +0.005%

Together, before fees+0.018%+$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.026% dearer against GMX than usual: you sell high and buy low (spread +0.031% now, against its 7-day average of +0.005%): +$3 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 4 hours. Mind the row above: over the last 3 days funding on this pair paid +0.172%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.172% in total (about 18.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.72 per $10,000. 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	GMX XMR/USD [WBTC.b-USDC]	574.35	L +0.1153% / S −0.1534%	pay 0.0144% / 1h	22m 57s	$595K	—	100x
Short	dYdX XMR-USD	574.53	0.0581	get 0.0073% / 1h	22m 57s	$104K	$43K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$120.14
Price spread: +0.031% → +0.005%: $2.63
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$139.51
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; dYdX: live order book, 21 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 dYdX live order book, 21 min ago	80.38 bp	245.9 bp −$246	270.3 bp −$2,703	292.5 bp −$29.3K	540.0 bp −$270.0K

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 −0.0004%	1h	574.61	+0.045%	$32K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.427%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	574.92	+0.098%	$1.0M	$582K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	574.50	+0.026%	$2K	$1.5M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	574.83	+0.083%	$1.1M	$1.4M	20x	as long as short
Aevo XMR-PERP	+0.0240%	1h	575.90	+0.269%	$12K	—	3x	as long as short
Lighter XMR	+0.0264%	1h	575.33	+0.169%	$3.1M	$6.2M	10x	as long as short
Extended XMR-USD	+0.0304%	1h	575.26	+0.158%	$3.0M	$8.2M	25x	as long as short
KuCoin XMRUSDTM	+0.0321%	8h	575.03	+0.118%	$45.4M	$22.3M	50x	as long as short
Polymarket Perps XMR-USD	+0.0504%	1h	574.93	+0.101%	$25K	$2.0M	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-USDshort	+0.0581%	1h	574.53	+0.031%	$104K	$43K	5x
Bitget XMRUSDT	+0.0599%	8h	575.49	+0.198%	$9.6M	$11.6M	50x	as long as short
BingX XMR-USDT	+0.0604%	8h	575.38	+0.179%	—	$5.4M	—	as long as short
Bybit XMRUSDT	+0.0625%	8h	575.34	+0.172%	$46.7M	$58.1M	75x	as long as short
MEXC XMR_USDT	+0.0631%	8h	575.48	+0.196%	$20.1M	$14.5M	100x	as long as short
Binance XMRUSDT	+0.0631%	8h	575.27	+0.160%	$52.3M	$132.6M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0632%	1h	574.63	+0.048%	$5.4M	$14.9M	50x	as long as short
Gate XMR_USDT	+0.0683%	8h	574.82	+0.081%	$1.6M	$3.3M	50x	as long as short
Aster XMRUSDT	+0.0791%	8h	575.16	+0.141%	$637K	$2.0M	75x	as long as short
Paradex XMR-USD-PERP	+0.0792%	8h	575.90	+0.269%	$8K	$3K	20x	as long as short
Hyperliquid XMR	+0.0814%	1h	575.29	+0.163%	$87.1M	$63.8M	5x	as long as short
SoDEX XMR-USD	+0.0958%	1h	575.54	+0.207%	$437K	$3K	5x	as long as short
GRVT XMR_USDT_Perp	+0.0985%	8h	574.91	+0.097%	$343K	$704K	10x	as long as short
Nado XMR-PERP	+0.0987%	1h	575.20	+0.148%	$1.3M	$444K	10x	as long as short
Backpack XMR_USDC_PERP	+0.0988%	1h	574.91	+0.097%	$175K	$490K	20x	as long as short
Pacifica XMR	+0.1002%	1h	575.47	+0.195%	$265K	$906K	10x	as long as short
BloFin XMR-USDT	+0.1045%	8h	575.33	+0.170%	$2.7M	$10.7M	75x	as long as short
Variational Omni XMR	+0.1088%	8h	575.02	+0.117%	$6.2M	$2.4M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]long	L +0.1153% / S −0.1534%	1h	574.35	long leg	$595K	—	100x
Orderly PERP_XMR_USDC	+0.1185%	8h	575.16	+0.141%	$40K	$588K	10x	as long as short
Aftermath Perps XMRUSD	+0.1898%	1h	575.01	+0.114%	$1K	$41K	10x	as long as short