Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0155%/8h= −17.0% APRpaid last 24h +0.098%

Price spread now: Paradex against GMX+0.268%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Paradex

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.268% dearer against GMX than usual: you sell high and buy low (spread +0.268% now, against zero (this spread has no 7-day history yet)): +$27 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 5.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XMR/USD [WBTC.b-USDC]	573.55	L +0.0989% / S −0.1253%	pay 0.0124% / 1h	13m 46s	$590K	—	100x
Short	Paradex XMR-USD-PERP	575.09	0.0834	get 0.0834% / 8h	4h 13m	$8K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.268%Rate

Funding earned: −$32.51
Price spread: +0.268% → 0.000%: $26.8
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$21.71
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Paradex: no order-book sample. 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 Paradex no order-book sample	—	—	—	—	—

GMX and Paradex: 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
Injective XMR/USDC PERP	−0.0136%	1h	582.55	+1.568%	$3K	$3K	12x	as long as short
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0008%	1h	573.44	−0.020%	$50K	—	150x	as long as short
Lighter XMR	+0.0096%	1h	574.40	+0.148%	$3.3M	$7.5M	10x	as long as short
edgeX XMRUSDC	+0.0100%	4h	575.92	+0.413%	$1.0M	$654K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	574.44	+0.154%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	576.67	+0.543%	$1.1M	$1.6M	20x	as long as short
Kraken Futures PF_XMRUSD	+0.0150%	1h	573.15	−0.071%	$5.4M	$19.5M	50x	as long as short
Aevo XMR-PERP	+0.0200%	1h	575.16	+0.279%	$12K	—	3x	as long as short
Polymarket Perps XMR-USD	+0.0352%	1h	575.08	+0.266%	$25K	$2.2M	5x	as long as short
dYdX XMR-USD	+0.0378%	1h	574.40	+0.148%	$104K	$44K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XMR_USDT	+0.0386%	8h	574.70	+0.200%	$1.6M	$4.5M	50x	as long as short
Bybit XMRUSDT	+0.0413%	8h	575.23	+0.292%	$46.8M	$64.5M	75x	as long as short
KuCoin XMRUSDTM	+0.0439%	8h	573.88	+0.057%	$45.0M	$26.6M	50x	as long as short
BingX XMR-USDT	+0.0491%	8h	575.37	+0.317%	—	$5.7M	—	as long as short
MEXC XMR_USDT	+0.0493%	8h	574.64	+0.189%	$20.2M	$15.0M	100x	as long as short
Binance XMRUSDT	+0.0497%	8h	574.88	+0.232%	$52.6M	$164.8M	75x	as long as short
Bitget XMRUSDT	+0.0516%	8h	574.97	+0.247%	$9.4M	$14.0M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0547%	1h	574.18	+0.109%	$169K	$534K	20x	as long as short
Pacifica XMR	+0.0626%	1h	575.09	+0.267%	$265K	$1.1M	10x	as long as short
Aster XMRUSDT	+0.0679%	8h	574.74	+0.207%	$637K	$2.3M	75x	as long as short
Extended XMR-USD	+0.0680%	1h	574.65	+0.191%	$3.1M	$8.3M	25x	as long as short
BloFin XMR-USDT	+0.0790%	8h	576.51	+0.515%	$2.7M	$11.2M	75x	as long as short
Nado XMR-PERP	+0.0801%	1h	575.09	+0.267%	$1.3M	$460K	10x	as long as short
Paradex XMR-USD-PERPshort	+0.0834%	8h	575.09	+0.268%	$8K	$4K	20x
GRVT XMR_USDT_Perp	+0.0862%	8h	576.46	+0.507%	$345K	$733K	10x	as long as short
Hyperliquid XMR	+0.0896%	1h	575.16	+0.280%	$86.5M	$71.1M	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]long	L +0.0989% / S −0.1253%	1h	573.55	long leg	$590K	—	100x
Variational Omni XMR	+0.1023%	8h	576.24	+0.469%	$6.6M	$2.2M	—	as long as short
Orderly PERP_XMR_USDC	+0.1123%	8h	574.60	+0.182%	$40K	$735K	10x	as long as short
SoDEX XMR-USD	+0.1166%	1h	574.85	+0.226%	$437K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.1991%	1h	575.06	+0.263%	$1K	$44K	10x	as long as short