Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0292%/8h= +32.0% APRpaid last 24h +0.043%

Price spread now: SoDEX against BloFin−0.189%56s7-day average −0.030% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$490.486% of the position

Long on BloFin Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.157%+$16 on $10k

Price spread, last 4 days (all we have)+0.155%+$16 · spread now −0.189%, 7d avg −0.030%

Together, before fees+0.312%+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. SoDEX is 0.159% cheaper against BloFin than usual: you would sell low and buy high (spread −0.189% now, against its 7-day average of −0.030%). If the spread goes back, that is −$16 on $10k: about 44 hours of funding at the current rate (+$9 a day). The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XMR-USDT	587.16	0.0784	pay 0.0784% / 8h	5h 12m	$2.7M	$11.4M	75x
Short	SoDEX XMR-USD	586.05	0.1076	get 0.0134% / 1h	12m 05s	$445K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against BloFin. 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 BloFinbpFee SoDEXbpOrdersPrice spread, now −0.189%Rate

Funding earned: $61.35
Price spread: −0.189% → −0.030%: −$15.89
Slippage, 4 orders: −$28.6
Fee BloFin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$3.13
Costs to cover: 0.486%
Break-even: 7.4 days

Slippage from BloFin: live order book, 7 min ago; SoDEX: live order book, 52 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 BloFin live order book, 7 min ago	3.06 bp	10.8 bp −$11	20.8 bp −$208	doesn't fit	doesn't fit
Sell SoDEX live order book, 52 min ago	0.09 bp	13.0 bp −$13	48.0 bp −$480	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 −0.0010%	1h	585.28	−0.321%	$46K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	−0.785%	$3K	$6K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	587.27	+0.018%	$1.0M	$658K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	585.30	−0.317%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	586.95	−0.036%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	585.11	−0.348%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0269%	1h	585.54	−0.276%	$106K	$50K	5x	as long as short
Polymarket Perps XMR-USD	+0.0291%	1h	585.77	−0.237%	$23K	$2.1M	5x	as long as short
Lighter XMR	+0.0496%	1h	585.94	−0.207%	$3.3M	$7.2M	10x	as long as short
Binance XMRUSDT	+0.0511%	8h	585.97	−0.203%	$53.4M	$165.9M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XMR_USDT	+0.0511%	8h	586.15	−0.172%	$20.9M	$15.2M	100x	as long as short
Bybit XMRUSDT	+0.0521%	8h	586.01	−0.196%	$47.6M	$64.2M	75x	as long as short
Gate XMR_USDT	+0.0558%	8h	585.42	−0.296%	$1.6M	$4.5M	50x	as long as short
BingX XMR-USDT	+0.0573%	8h	586.08	−0.184%	—	$5.7M	—	as long as short
Bitget XMRUSDT	+0.0600%	8h	586.27	−0.152%	$9.6M	$14.1M	50x	as long as short
KuCoin XMRUSDTM	+0.0703%	8h	585.96	−0.204%	$48.1M	$26.0M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0718%	1h	585.45	−0.291%	$172K	$537K	20x	as long as short
Aster XMRUSDT	+0.0719%	8h	586.29	−0.148%	$661K	$2.4M	75x	as long as short
BloFin XMR-USDTlong	+0.0784%	8h	587.16	long leg	$2.7M	$11.4M	75x
Paradex XMR-USD-PERP	+0.0910%	8h	586.86	−0.050%	$8K	$4K	20x	as long as short
GRVT XMR_USDT_Perp	+0.0953%	8h	587.31	+0.026%	$341K	$764K	10x	as long as short
Kraken Futures PF_XMRUSD	+0.0954%	1h	584.71	−0.417%	$5.5M	$19.6M	50x	as long as short
Nado XMR-PERP	+0.0983%	1h	586.33	−0.142%	$1.3M	$463K	10x	as long as short
Pacifica XMR	+0.0996%	1h	586.65	−0.087%	$272K	$1.1M	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1042% / S −0.1407%	1h	585.29	−0.319%	$652K	—	100x	as long as short
Hyperliquid XMR	+0.1058%	1h	586.01	−0.196%	$88.2M	$71.3M	5x	as long as short
Variational Omni XMR	+0.1072%	8h	587.04	−0.020%	$6.7M	$2.4M	—	as long as short
SoDEX XMR-USDshort	+0.1076%	1h	586.05	−0.189%	$445K	$3K	5x
Orderly PERP_XMR_USDC	+0.1112%	8h	585.99	−0.199%	$41K	$721K	10x	as long as short
Extended XMR-USD	+0.1120%	1h	585.92	−0.212%	$3.2M	$8.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2462%	1h	586.01	−0.196%	$1K	$45K	10x	as long as short