Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0414%/8h= +45.3% APRpaid last 24h +0.153%

Price spread now: SoDEX against Binance+0.004%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$500.499% of the position

Long on Binance Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.369%+$37 on $10k

Price spread, last 4 days (all we have)+0.047%+$5 · spread now +0.004%, 7d avg −0.006%

Together, before fees+0.416%+$42 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XMRUSDT	574.87	0.0494	pay 0.0494% / 8h	7h 50m	$52.5M	$105.5M	75x
Short	SoDEX XMR-USD	574.89	0.0908	get 0.0113% / 1h	50m 49s	$437K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Binance. 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 BinancebpFee SoDEXbpOrdersPrice spread, now +0.004%Rate

Funding earned: $86.89
Price spread: +0.004% → −0.006%: $1
Slippage, 4 orders: −$31.85
Fee Binance: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $38.04
Costs to cover: 0.499%
Break-even: 3.9 days

Slippage from Binance: live order book, 7 min ago; SoDEX: live order book, 48 min ago.

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 Binance live order book, 7 min ago	0.09 bp	12.8 bp −$13	25.9 bp −$259	doesn't fit	doesn't fit
Sell SoDEX live order book, 48 min ago	0.26 bp	13.2 bp −$13	43.8 bp −$438	doesn't fit	doesn't fit

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 −0.0005%	1h	574.14	−0.127%	$34K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.336%	$3K	$3K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	574.77	−0.017%	$46.6M	$49.5M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	573.65	−0.212%	$1.0M	$543K	10x	as long as short
Polymarket Perps XMR-USD	+0.0100%	1h	574.23	−0.111%	$30K	$1.7M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	574.70	−0.029%	$2K	$1.2M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	573.95	−0.160%	$1.1M	$1.1M	20x	as long as short
Gate XMR_USDT	+0.0138%	8h	574.77	−0.017%	$1.6M	$2.6M	50x	as long as short
Aevo XMR-PERP	+0.0200%	1h	574.90	+0.006%	$12K	—	3x	as long as short
Extended XMR-USD	+0.0256%	1h	574.46	−0.071%	$3.0M	$7.6M	25x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XMRUSDTM	+0.0342%	8h	574.40	−0.082%	$45.3M	$17.8M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0370%	1h	574.08	−0.138%	$5.5M	$9.1M	50x	as long as short
MEXC XMR_USDT	+0.0491%	8h	574.72	−0.026%	$20.2M	$9.6M	100x	as long as short
Binance XMRUSDTlong	+0.0494%	8h	574.87	long leg	$52.5M	$105.5M	75x
BingX XMR-USDT	+0.0504%	8h	574.78	−0.016%	—	$5.2M	—	as long as short
Bitget XMRUSDT	+0.0532%	8h	574.80	−0.012%	$9.4M	$10.1M	50x	as long as short
Pacifica XMR	+0.0550%	1h	574.54	−0.058%	$268K	$757K	10x	as long as short
Lighter XMR	+0.0592%	1h	574.69	−0.032%	$3.1M	$5.5M	10x	as long as short
Hyperliquid XMR	+0.0619%	1h	574.78	−0.016%	$87.2M	$58.7M	5x	as long as short
GRVT XMR_USDT_Perp	+0.0620%	8h	573.51	−0.236%	$343K	$623K	10x	as long as short
Aster XMRUSDT	+0.0625%	8h	574.59	−0.049%	$643K	$1.6M	75x	as long as short
Paradex XMR-USD-PERP	+0.0674%	8h	574.67	−0.035%	$8K	$2K	20x	as long as short
BloFin XMR-USDT	+0.0802%	8h	574.90	+0.005%	$2.7M	$9.9M	75x	as long as short
Variational Omni XMR	+0.0814%	8h	574.89	+0.004%	$6.2M	$2.3M	—	as long as short
Nado XMR-PERP	+0.0907%	1h	575.17	+0.053%	$1.3M	$318K	10x	as long as short
SoDEX XMR-USDshort	+0.0908%	1h	574.89	+0.004%	$437K	$4K	5x
GMX XMR/USD [WBTC.b-USDC]	L +0.1078% / S −0.1372%	1h	574.02	−0.148%	$598K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1112%	8h	574.75	−0.021%	$40K	$434K	10x	as long as short
dYdX XMR-USD	+0.1141%	1h	573.38	−0.259%	$104K	$29K	5x	as long as short
Backpack XMR_USDC_PERP	+0.1184%	1h	574.56	−0.054%	$136K	$431K	20x	as long as short
Aftermath Perps XMRUSD	+0.2100%	1h	573.21	−0.288%	$1K	$39K	10x	as long as short