Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0087%/8h= +9.6% APRpaid last 24h +0.219%

Price spread now: SoDEX against Bybit+0.043%46s7-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—prices read too far apart to compare

costs, in and out, $10k−$480.485% of the position

Long on Bybit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.608%+$61 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.043%, 7d avg +0.006%

Together, before fees+0.546%+$55 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SoDEX is 0.037% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.006%. The two prices were read 46 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	Bybit XMRUSDT	575.37	0.0491	pay 0.0491% / 8h	39m 31s	$46.6M	$54.2M	75x
Short	SoDEX XMR-USD	575.62	0.0578	get 0.0072% / 1h	39m 31s	$437K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Bybit. 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 BybitbpFee SoDEXbpOrdersPrice spread, now +0.043%Rate

Funding earned: $18.33
Price spread: +0.043% → +0.006%: $3.74
Slippage, 4 orders: −$29.45
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$26.38
Costs to cover: 0.485%
Break-even: 17.1 days

Slippage from Bybit: live order book, 4 min ago; SoDEX: live order book, 64 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 Bybit live order book, 4 min ago	1.30 bp	11.2 bp −$11	21.9 bp −$219	88.8 bp −$8,881	doesn't fit
Sell SoDEX live order book, 64 min ago	0.17 bp	12.9 bp −$13	51.5 bp −$515	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 −0.0004%	1h	574.97	−0.070%	$33K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.248%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	575.64	+0.048%	$1.0M	$504K	10x	as long as short
Polymarket Perps XMR-USD	+0.0100%	1h	575.42	+0.009%	$28K	$1.7M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	575.23	−0.024%	$2K	$1.3M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	575.01	−0.063%	$1.1M	$1.3M	20x	as long as short
Extended XMR-USD	+0.0104%	1h	575.36	−0.001%	$3.0M	$8.0M	25x	as long as short
Aevo XMR-PERP	+0.0216%	1h	575.93	+0.097%	$12K	—	3x	as long as short
Lighter XMR	+0.0272%	1h	575.88	+0.088%	$3.1M	$5.9M	10x	as long as short
KuCoin XMRUSDTM	+0.0292%	8h	575.66	+0.050%	$45.5M	$20.2M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid XMR	+0.0321%	1h	575.97	+0.104%	$87.3M	$61.9M	5x	as long as short
Bybit XMRUSDTlong	+0.0491%	8h	575.37	long leg	$46.6M	$54.2M	75x
BingX XMR-USDT	+0.0524%	8h	575.53	+0.028%	—	$5.4M	—	as long as short
Bitget XMRUSDT	+0.0535%	8h	575.83	+0.080%	$9.5M	$11.1M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0544%	1h	575.74	+0.064%	$175K	$474K	20x	as long as short
Binance XMRUSDT	+0.0546%	8h	575.58	+0.036%	$52.4M	$118.8M	75x	as long as short
MEXC XMR_USDT	+0.0548%	8h	576.01	+0.111%	$20.3M	$11.1M	100x	as long as short
Gate XMR_USDT	+0.0553%	8h	575.56	+0.033%	$1.5M	$2.8M	50x	as long as short
SoDEX XMR-USDshort	+0.0578%	1h	575.62	+0.043%	$437K	$3K	5x
Paradex XMR-USD-PERP	+0.0597%	8h	575.85	+0.084%	$8K	$3K	20x	as long as short
Kraken Futures PF_XMRUSD	+0.0616%	1h	574.47	−0.156%	$5.4M	$12.1M	50x	as long as short
dYdX XMR-USD	+0.0642%	1h	575.12	−0.043%	$104K	$29K	5x	as long as short
Aster XMRUSDT	+0.0698%	8h	575.40	+0.005%	$643K	$1.7M	75x	as long as short
Pacifica XMR	+0.0735%	1h	575.92	+0.096%	$270K	$817K	10x	as long as short
BloFin XMR-USDT	+0.0881%	8h	575.10	−0.047%	$2.7M	$10.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0886%	8h	575.75	+0.066%	$343K	$644K	10x	as long as short
Variational Omni XMR	+0.0930%	8h	575.84	+0.082%	$6.2M	$2.3M	—	as long as short
Nado XMR-PERP	+0.1074%	1h	575.73	+0.062%	$1.3M	$433K	10x	as long as short
Orderly PERP_XMR_USDC	+0.1169%	8h	575.60	+0.040%	$40K	$503K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1170% / S −0.1547%	1h	574.73	−0.112%	$598K	—	100x	as long as short
Aftermath Perps XMRUSD	+0.1812%	1h	575.78	+0.071%	$1K	$40K	10x	as long as short