Funding you earn now, next payment 12:00 UTC−0.2625%/8h= −287.4% APRnext payment −$3.28 per $10,000 · paid last 24h −0.223%
Price spread now: SoDEX against dYdX+0.088%7-day average +0.183% · 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−$434as in the Price arb table
costs, in and out, $10k−$4254.248% of the position
Funding, last 4 days (all we have)−0.153%−$15 on $10k
+Price spread, last 4 days (all we have)+0.217%+$22 · spread now +0.088%, 7d avg +0.183%
=Both sides work against this trade now: funding costs −$79 a day on $10k at the current rate, and SoDEX is 0.095% cheaper against dYdX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.183%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.153% in total (about -15.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.28 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX XMR-USD | 572.70 | 0.3259 | pay 0.0407% / 1h | 8m 11s | $104K | $21K | 5x |
| Short | SoDEX XMR-USD | 573.20 | 0.0634 | get 0.0079% / 1h | 8m 11s | $436K | $4K | 5x |
dYdX XMR-USD
SoDEX XMR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against dYdX. 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
- −$551.24
- Price spread: +0.088% → +0.183%
- −$9.52
- Slippage, 4 orders
- −$406.8
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$985.56
- Costs to cover
- 4.248%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 34 min ago; SoDEX: live order book, 33 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 dYdX live order book, 34 min ago | 92.57 bp | 97.6 bp −$98 | 97.6 bp −$976 | 252.4 bp −$25.2K | 1337.9 bp −$669.0K |
| Sell SoDEX live order book, 33 min ago | 0.35 bp | 13.3 bp −$13 | 47.6 bp −$476 | doesn't fit | doesn't fit |
XMR on 31 exchanges
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 | 572.13 | −0.099% | $33K | — | 150x | as long as short |
| Injective XMR/USDC PERP | +0.0033% | 1h | 582.55 | +1.721% | $3K | $3K | 12x | as long as short |
| edgeX XMRUSDC | +0.0100% | 4h | 574.05 | +0.236% | $1.1M | $477K | 10x | as long as short |
| SunX XMR-USDT | +0.0100% | 8h | 572.45 | −0.043% | $2K | $799K | 20x | as long as short |
| HTX XMR-USDT | +0.0100% | 8h | 572.77 | +0.013% | $1.1M | $859K | 20x | as long as short |
| Extended XMR-USD | +0.0104% | 1h | 573.00 | +0.054% | $3.1M | $5.7M | 25x | as long as short |
| Lighter XMR | +0.0160% | 1h | 573.06 | +0.064% | $3.0M | $4.6M | 10x | as long as short |
| Aevo XMR-PERP | +0.0184% | 1h | 573.29 | +0.104% | $12K | — | 3x | as long as short |
| Bybit XMRUSDT | +0.0359% | 8h | 573.16 | +0.081% | $46.8M | $39.6M | 75x | as long as short |
| Polymarket Perps XMR-USD | +0.0374% | 1h | 573.03 | +0.058% | $22K | $1.5M | 5x | as long as short |
gTrade (Gains Network) XMR/USD
Injective XMR/USDC PERP
edgeX XMRUSDC
SunX XMR-USDT
HTX XMR-USDT
Extended XMR-USD
Lighter XMR
Aevo XMR-PERP
Bybit XMRUSDT
Polymarket Perps XMR-USDShow all 31 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster XMRUSDT | +0.0377% | 8h | 573.26 | +0.098% | $661K | $1.1M | 75x | as long as short |
| Hyperliquid XMR | +0.0398% | 1h | 573.10 | +0.071% | $87.1M | $47.7M | 5x | as long as short |
| MEXC XMR_USDT | +0.0402% | 8h | 573.16 | +0.081% | $19.6M | $7.0M | 100x | as long as short |
| Binance XMRUSDT | +0.0402% | 8h | 573.02 | +0.057% | $52.9M | $75.4M | 75x | as long as short |
| Pacifica XMR | +0.0527% | 1h | 573.18 | +0.084% | $271K | $587K | 10x | as long as short |
| Nado XMR-PERP | +0.0532% | 1h | 574.38 | +0.295% | $1.2M | $183K | 10x | as long as short |
| GRVT XMR_USDT_Perp | +0.0584% | 8h | 574.21 | +0.264% | $340K | $753K | 10x | as long as short |
| SoDEX XMR-USDshort | +0.0634% | 1h | 573.20 | +0.088% | $436K | $4K | 5x | |
| Gate XMR_USDT | +0.0648% | 8h | 573.21 | +0.090% | $1.6M | $2.2M | 50x | as long as short |
| Paradex XMR-USD-PERP | +0.0654% | 8h | 573.00 | +0.053% | $8K | $1K | 20x | as long as short |
| BloFin XMR-USDT | +0.0661% | 8h | 574.03 | +0.233% | $2.7M | $8.9M | 75x | as long as short |
| Kraken Futures PF_XMRUSD | +0.0711% | 1h | 572.28 | −0.072% | $5.5M | $5.7M | 50x | as long as short |
| Backpack XMR_USDC_PERP | +0.0721% | 1h | 573.54 | +0.147% | $162K | $417K | 20x | as long as short |
| Variational Omni XMR | +0.0728% | 8h | 574.39 | +0.296% | $6.1M | $2.1M | — | as long as short |
| BingX XMR-USDT | +0.0743% | 8h | 573.36 | +0.116% | — | $4.3M | — | as long as short |
| GMX XMR/USD [WBTC.b-USDC] | L +0.0771% / S −0.0592% | 1h | 572.11 | −0.103% | $429K | — | 100x | as long as short |
| Bitget XMRUSDT | +0.0778% | 8h | 573.26 | +0.099% | $9.2M | $8.3M | 50x | as long as short |
| KuCoin XMRUSDTM | +0.0865% | 8h | 573.00 | +0.053% | $46.5M | $14.4M | 50x | as long as short |
| Orderly PERP_XMR_USDC | +0.1010% | 8h | 573.01 | +0.055% | $41K | $202K | 10x | as long as short |
| Aftermath Perps XMRUSD | +0.1883% | 1h | 573.19 | +0.086% | $2K | $35K | 10x | as long as short |
| dYdX XMR-USDlong | +0.3259% | 1h | 572.70 | long leg | $104K | $21K | 5x |
Aster XMRUSDT
Hyperliquid XMR
MEXC XMR_USDT
Binance XMRUSDT
Pacifica XMR
Nado XMR-PERP
GRVT XMR_USDT_Perp
Gate XMR_USDT
Paradex XMR-USD-PERP
BloFin XMR-USDT
Kraken Futures PF_XMRUSD
Backpack XMR_USDC_PERP
Variational Omni XMR
BingX XMR-USDT
GMX XMR/USD [WBTC.b-USDC]
Bitget XMRUSDT
KuCoin XMRUSDTM
Orderly PERP_XMR_USDC
Aftermath Perps XMRUSD