Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0247%/8h= +27.0% APRpaid last 24h +0.171%

Price spread now: Variational Omni against edgeX−0.159%7-day average −0.011% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.455%+$46 on $10k

Price spread, last 3 days (all we have)+0.024%+$2 · spread now −0.159%, 7d avg −0.011%

Together, before fees+0.479%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board+$48 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.148% cheaper against edgeX than usual: you would sell low and buy high (spread −0.159% now, against its 7-day average of −0.011%). If the spread goes back, that is −$15 on $10k: about 48 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XMRUSDC	600.60	0.0100	pay 0.0050% / 4h	57m 27s	$1.1M	$664K	10x
Short	Variational Omni XMR	599.64	0.0347	get 0.0347% / 8h	57m 27s	$6.9M	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against edgeX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 edgeXbpFee Variational OmnibpOrdersPrice spread, now −0.159%Rate

Funding earned: $51.87
Price spread: −0.159% → −0.011%: −$14.8
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $28.07
Costs to cover: 0.090%
Break-even: 3.2 days

Slippage unknown: edgeX: live order book, 1 min ago; Variational Omni: RFQ quote, 2 min ago. 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 edgeX live order book, 1 min ago	10.16 bp	14.7 bp −$15	15.4 bp −$154	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	2.80 bp	doesn't fit	24.5 bp −$245	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 −0.0009%	1h	599.93	−0.111%	$45K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	600.68	+0.013%	$48.9M	$62.4M	75x	as long as short
edgeX XMRUSDClong	+0.0100%	4h	600.60	long leg	$1.1M	$664K	10x
SunX XMR-USDT	+0.0100%	8h	599.61	−0.165%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0160%	1h	600.58	−0.003%	$12K	—	3x	as long as short
Lighter XMR	+0.0224%	1h	600.35	−0.042%	$3.4M	$6.9M	10x	as long as short
Backpack XMR_USDC_PERP	+0.0314%	1h	599.76	−0.140%	$204K	$575K	20x	as long as short
Binance XMRUSDT	+0.0328%	8h	600.84	+0.039%	$55.0M	$163.5M	75x	as long as short
MEXC XMR_USDT	+0.0328%	8h	601.00	+0.066%	$22.5M	$14.9M	100x	as long as short
Variational Omni XMRshort	+0.0347%	8h	599.64	−0.159%	$6.9M	$2.5M	—

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX XMR-USD	+0.0352%	1h	600.44	−0.027%	$456K	$3K	5x	as long as short
BingX XMR-USDT	+0.0401%	8h	601.23	+0.105%	—	$5.7M	—	as long as short
Bitget XMRUSDT	+0.0422%	8h	600.47	−0.022%	$10.0M	$14.2M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0459%	1h	599.44	−0.193%	$5.7M	$20.3M	50x	as long as short
BloFin XMR-USDT	+0.0461%	8h	600.92	+0.053%	$2.8M	$11.6M	75x	as long as short
Polymarket Perps XMR-USD	+0.0493%	1h	600.93	+0.055%	$23K	$1.8M	5x	as long as short
Gate XMR_USDT	+0.0544%	8h	600.29	−0.052%	$1.7M	$4.6M	50x	as long as short
Pacifica XMR	+0.0565%	1h	600.74	+0.023%	$283K	$1.0M	10x	as long as short
KuCoin XMRUSDTM	+0.0577%	8h	600.43	−0.029%	$49.1M	$25.9M	50x	as long as short
Aster XMRUSDT	+0.0580%	8h	600.84	+0.040%	$693K	$2.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0610%	8h	600.14	−0.077%	$350K	$797K	10x	as long as short
Nado XMR-PERP	+0.0841%	1h	600.65	+0.008%	$1.3M	$475K	10x	as long as short
Paradex XMR-USD-PERP	+0.0857%	8h	600.63	+0.005%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0885% / S −0.2310%	1h	599.61	−0.165%	$549K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0957%	8h	600.22	−0.064%	$44K	$729K	10x	as long as short
Injective XMR/USDC PERP	+0.1312%	1h	596.76	−0.640%	$3K	$6K	12x	as long as short
Hyperliquid XMR	+0.1488%	1h	601.21	+0.101%	$90.4M	$69.9M	5x	as long as short
Extended XMR-USD	+0.1808%	1h	600.53	−0.012%	$3.1M	$6.9M	25x	as long as short
HTX XMR-USDT	+0.1946%	8h	599.43	−0.195%	$1.1M	$1.5M	20x	as long as short
dYdX XMR-USD	+0.2328%	1h	599.00	−0.267%	$109K	$50K	5x	as long as short
Aftermath Perps XMRUSD	+0.2332%	1h	599.46	−0.191%	$2K	$47K	10x	as long as short