Funding you earn now, next payment 00:00 UTC+0.1880%/8h= +205.8% APRnext payment +$2.35 per $10,000 · paid last 24h +0.029%
Price spread now: GMX against SoDEX−0.152%7-day average −0.179% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.033%−$3 on $10k
+Price spread, last 3 days (all we have)−0.040%−$4 · spread now −0.152%, 7d avg −0.179%
=Both sides work for this trade now. Funding pays +$56 a day on $10k at the current rate, and GMX is 0.028% dearer against SoDEX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.179%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.033% in total (about -3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.35 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 | SoDEX XMR-USD | 599.66 | 0.0642 | pay 0.0080% / 1h | 38m 47s | $456K | $3K | 5x |
| Short | GMX XMR/USD [WBTC.b-USDC] | 598.75 | L +0.0888% / S −0.2522% | get 0.0315% / 1h | 38m 47s | $570K | — | 100x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against SoDEX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $394.73
- Price spread: −0.152% → −0.179%
- $2.75
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $377.49
- Costs to cover
- 0.200%
- Break-even
- 0.3 days
Slippage unknown: SoDEX: live order book, 40 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 SoDEX live order book, 40 min ago | 0.08 bp | 13.2 bp −$13 | 42.4 bp −$424 | 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 −0.0009% | 1h | 598.82 | −0.140% | $45K | — | 150x | as long as short |
| Lighter XMR | +0.0096% | 1h | 599.12 | −0.091% | $3.4M | $6.9M | 10x | as long as short |
| Bybit XMRUSDT | +0.0100% | 8h | 599.85 | +0.032% | $49.1M | $63.0M | 75x | as long as short |
| edgeX XMRUSDC | +0.0100% | 4h | 600.61 | +0.158% | $1.1M | $663K | 10x | as long as short |
| SunX XMR-USDT | +0.0100% | 8h | 599.17 | −0.082% | $2K | $2.0M | 20x | as long as short |
| Aevo XMR-PERP | +0.0160% | 1h | 599.71 | +0.008% | $12K | — | 3x | as long as short |
| Backpack XMR_USDC_PERP | +0.0257% | 1h | 598.88 | −0.130% | $204K | $575K | 20x | as long as short |
| Binance XMRUSDT | +0.0321% | 8h | 599.38 | −0.046% | $54.9M | $164.2M | 75x | as long as short |
| MEXC XMR_USDT | +0.0324% | 8h | 599.40 | −0.043% | $22.3M | $14.9M | 100x | as long as short |
| BingX XMR-USDT | +0.0408% | 8h | 599.88 | +0.037% | — | $5.8M | — | as long as short |
Show all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni XMR | +0.0413% | 8h | 600.72 | +0.177% | $6.9M | $2.6M | — | as long as short |
| Bitget XMRUSDT | +0.0431% | 8h | 599.27 | −0.065% | $10.0M | $14.3M | 50x | as long as short |
| BloFin XMR-USDT | +0.0450% | 8h | 599.92 | +0.043% | $2.8M | $11.7M | 75x | as long as short |
| Kraken Futures PF_XMRUSD | +0.0459% | 1h | 598.44 | −0.203% | $5.7M | $20.5M | 50x | as long as short |
| Gate XMR_USDT | +0.0508% | 8h | 599.10 | −0.093% | $1.7M | $4.6M | 50x | as long as short |
| Pacifica XMR | +0.0565% | 1h | 600.01 | +0.058% | $282K | $1.1M | 10x | as long as short |
| KuCoin XMRUSDTM | +0.0575% | 8h | 599.26 | −0.067% | $49.0M | $26.0M | 50x | as long as short |
| Aster XMRUSDT | +0.0586% | 8h | 599.32 | −0.057% | $684K | $2.4M | 75x | as long as short |
| GRVT XMR_USDT_Perp | +0.0599% | 8h | 600.70 | +0.173% | $352K | $794K | 10x | as long as short |
| SoDEX XMR-USDlong | +0.0642% | 1h | 599.66 | long leg | $456K | $3K | 5x | |
| Polymarket Perps XMR-USD | +0.0670% | 1h | 599.88 | +0.037% | $23K | $1.7M | 5x | as long as short |
| Paradex XMR-USD-PERP | +0.0855% | 8h | 600.26 | +0.100% | $8K | $4K | 20x | as long as short |
| GMX XMR/USD [WBTC.b-USDC]short | L +0.0888% / S −0.2522% | 1h | 598.75 | −0.152% | $570K | — | 100x | |
| Orderly PERP_XMR_USDC | +0.0942% | 8h | 599.34 | −0.053% | $44K | $729K | 10x | as long as short |
| Nado XMR-PERP | +0.1103% | 1h | 599.54 | −0.020% | $1.3M | $475K | 10x | as long as short |
| Injective XMR/USDC PERP | +0.1312% | 1h | 596.76 | −0.484% | $3K | $6K | 12x | as long as short |
| Hyperliquid XMR | +0.1655% | 1h | 599.96 | +0.050% | $90.5M | $70.3M | 5x | as long as short |
| Extended XMR-USD | +0.1752% | 1h | 599.59 | −0.011% | $3.2M | $6.9M | 25x | as long as short |
| HTX XMR-USDT | +0.1993% | 8h | 599.00 | −0.110% | $1.1M | $1.5M | 20x | as long as short |
| Aftermath Perps XMRUSD | +0.2310% | 1h | 600.05 | +0.065% | $2K | $47K | 10x | as long as short |
| dYdX XMR-USD | +0.2650% | 1h | 599.19 | −0.078% | $109K | $50K | 5x | as long as short |
SoDEX XMR-USD
GMX XMR/USD [WBTC.b-USDC]
gTrade (Gains Network) XMR/USD
Lighter XMR
Bybit XMRUSDT
edgeX XMRUSDC
SunX XMR-USDT
Backpack XMR_USDC_PERP
Binance XMRUSDT
MEXC XMR_USDT
BingX XMR-USDT
Variational Omni XMR
Bitget XMRUSDT
BloFin XMR-USDT
Kraken Futures PF_XMRUSD
Gate XMR_USDT
Pacifica XMR
KuCoin XMRUSDTM
Aster XMRUSDT
GRVT XMR_USDT_Perp
Polymarket Perps XMR-USD
Paradex XMR-USD-PERP
Injective XMR/USDC PERP
Hyperliquid XMR
Extended XMR-USD
HTX XMR-USDT
Aftermath Perps XMRUSD