Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.1197%/8h= +131.1% APRpaid last 24h +0.242%

Price spread now: GMX against KuCoin−0.191%7-day average −0.109% · you buy dearer than you sell

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

Long on KuCoin Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.470%+$47 on $10k

Price spread, last 4 days (all we have)+0.088%+$9 · spread now −0.191%, 7d avg −0.109%

Together, before fees+0.558%+$56 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.082% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.191% now, against its 7-day average of −0.109%). If the spread goes back, that is −$8 on $10k: about 5 hours of funding at the current rate (+$36 a day). At the pace of the last 3 days (+0.470% in total) that is about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XMRUSDTM	574.59	0.0321	pay 0.0321% / 8h	1h 26m	$45.3M	$22.4M	50x
Short	GMX XMR/USD [WBTC.b-USDC]	573.49	L +0.1144% / S −0.1518%	get 0.0190% / 1h	26m 41s	$595K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against KuCoin. 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 KuCoinbpFee GMXbpOrdersPrice spread, now −0.191%Rate

Funding earned: $251.42
Price spread: −0.191% → −0.109%: −$8.21
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $219.21
Costs to cover: 0.240%
Break-even: 0.9 days

Slippage unknown: KuCoin: live order book, 2 min ago; GMX: 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 KuCoin live order book, 2 min ago	2.43 bp	16.2 bp −$16	35.8 bp −$358	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	574.15	−0.077%	$32K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.385%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	575.25	+0.114%	$1.0M	$582K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	574.08	−0.089%	$2K	$1.5M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	572.70	−0.329%	$1.1M	$1.4M	20x	as long as short
Aevo XMR-PERP	+0.0240%	1h	575.06	+0.082%	$12K	—	3x	as long as short
Lighter XMR	+0.0296%	1h	574.86	+0.046%	$3.1M	$6.2M	10x	as long as short
Extended XMR-USD	+0.0320%	1h	574.97	+0.066%	$3.0M	$8.3M	25x	as long as short
KuCoin XMRUSDTMlong	+0.0321%	8h	574.59	long leg	$45.3M	$22.4M	50x
Polymarket Perps XMR-USD	+0.0479%	1h	574.37	−0.038%	$22K	$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
Bitget XMRUSDT	+0.0598%	8h	575.09	+0.087%	$9.6M	$11.7M	50x	as long as short
BingX XMR-USDT	+0.0604%	8h	575.23	+0.111%	—	$5.4M	—	as long as short
MEXC XMR_USDT	+0.0632%	8h	575.15	+0.097%	$20.1M	$14.5M	100x	as long as short
Bybit XMRUSDT	+0.0632%	8h	574.74	+0.026%	$46.6M	$58.5M	75x	as long as short
Binance XMRUSDT	+0.0633%	8h	574.90	+0.055%	$52.3M	$133.5M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0633%	1h	573.77	−0.143%	$5.4M	$15.2M	50x	as long as short
dYdX XMR-USD	+0.0635%	1h	574.34	−0.043%	$104K	$43K	5x	as long as short
Gate XMR_USDT	+0.0681%	8h	574.09	−0.087%	$1.6M	$3.3M	50x	as long as short
Aster XMRUSDT	+0.0790%	8h	574.30	−0.050%	$636K	$2.0M	75x	as long as short
Paradex XMR-USD-PERP	+0.0803%	8h	575.09	+0.088%	$8K	$3K	20x	as long as short
Hyperliquid XMR	+0.0806%	1h	574.89	+0.052%	$87.1M	$65.9M	5x	as long as short
SoDEX XMR-USD	+0.0937%	1h	574.80	+0.037%	$437K	$3K	5x	as long as short
Backpack XMR_USDC_PERP	+0.0952%	1h	574.40	−0.033%	$174K	$492K	20x	as long as short
Nado XMR-PERP	+0.0989%	1h	574.37	−0.038%	$1.3M	$444K	10x	as long as short
GRVT XMR_USDT_Perp	+0.0992%	8h	575.42	+0.144%	$343K	$711K	10x	as long as short
Pacifica XMR	+0.1002%	1h	574.96	+0.065%	$265K	$906K	10x	as long as short
BloFin XMR-USDT	+0.1046%	8h	574.94	+0.061%	$2.7M	$10.7M	75x	as long as short
Variational Omni XMR	+0.1099%	8h	574.60	+0.003%	$6.2M	$2.4M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]short	L +0.1144% / S −0.1518%	1h	573.49	−0.191%	$595K	—	100x
Orderly PERP_XMR_USDC	+0.1186%	8h	574.68	+0.016%	$40K	$588K	10x	as long as short
Aftermath Perps XMRUSD	+0.1910%	1h	574.58	−0.001%	$1K	$41K	10x	as long as short