Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0654%/8h= +71.6% APRpaid last 24h +0.100%

Price spread now: SoDEX against Gate+0.127%7-day average +0.095% · 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−$66as in the Price arb table

costs, in and out, $10k−$690.693% of the position

Long on Gate Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.131%+$13 on $10k

Price spread, last 4 days (all we have)+0.105%+$10 · spread now +0.127%, 7d avg +0.095%

Together, before fees+0.236%+$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and SoDEX is 0.032% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.095%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.131% in total (about 14.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XMR_USDT	575.48	0.0663	pay 0.0663% / 8h	2h 18m	$1.6M	$4.3M	50x
Short	SoDEX XMR-USD	576.21	0.1317	get 0.0165% / 1h	18m 07s	$438K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Gate. 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 GatebpFee SoDEXbpOrdersPrice spread, now +0.127%Rate

Funding earned: $137.3
Price spread: +0.127% → +0.095%: $3.2
Slippage, 4 orders: −$46.28
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $71.23
Costs to cover: 0.693%
Break-even: 3.4 days

Slippage from Gate: live order book, 5 min ago; SoDEX: live order book, 31 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 Gate live order book, 5 min ago	7.56 bp	17.6 bp −$18	67.2 bp −$672	doesn't fit	doesn't fit
Sell SoDEX live order book, 31 min ago	0.09 bp	12.7 bp −$13	42.9 bp −$429	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 −0.0003%	1h	575.08	−0.070%	$38K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.229%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	575.74	+0.045%	$1.0M	$642K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	575.51	+0.005%	$2K	$1.8M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	575.00	−0.083%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0240%	1h	576.44	+0.167%	$12K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0323%	8h	575.80	+0.056%	$45.3M	$26.2M	50x	as long as short
dYdX XMR-USD	+0.0345%	1h	574.53	−0.166%	$104K	$44K	5x	as long as short
Bitget XMRUSDT	+0.0580%	8h	576.23	+0.130%	$9.5M	$13.3M	50x	as long as short
MEXC XMR_USDT	+0.0625%	8h	576.30	+0.142%	$20.0M	$14.6M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XMRUSDT	+0.0626%	8h	576.33	+0.148%	$52.7M	$160.6M	75x	as long as short
Gate XMR_USDTlong	+0.0663%	8h	575.48	long leg	$1.6M	$4.3M	50x
Polymarket Perps XMR-USD	+0.0664%	1h	576.00	+0.090%	$27K	$2.1M	5x	as long as short
BingX XMR-USDT	+0.0673%	8h	576.28	+0.139%	—	$5.6M	—	as long as short
Extended XMR-USD	+0.0704%	1h	576.01	+0.093%	$3.0M	$8.2M	25x	as long as short
Bybit XMRUSDT	+0.0706%	8h	575.98	+0.087%	$46.6M	$64.0M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0744%	1h	575.07	−0.072%	$5.4M	$19.0M	50x	as long as short
Aster XMRUSDT	+0.0783%	8h	575.91	+0.075%	$648K	$2.2M	75x	as long as short
Lighter XMR	+0.0880%	1h	576.03	+0.096%	$3.1M	$7.6M	10x	as long as short
Paradex XMR-USD-PERP	+0.0893%	8h	575.34	−0.024%	$8K	$4K	20x	as long as short
Pacifica XMR	+0.0912%	1h	575.42	−0.010%	$266K	$1.0M	10x	as long as short
GRVT XMR_USDT_Perp	+0.1016%	8h	575.49	+0.002%	$346K	$727K	10x	as long as short
BloFin XMR-USDT	+0.1030%	8h	575.88	+0.070%	$2.7M	$11.2M	75x	as long as short
Hyperliquid XMR	+0.1060%	1h	576.15	+0.116%	$86.9M	$70.9M	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1085% / S −0.1451%	1h	574.85	−0.109%	$595K	—	100x	as long as short
Variational Omni XMR	+0.1174%	8h	575.62	+0.025%	$6.4M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1193%	8h	575.96	+0.083%	$40K	$676K	10x	as long as short
Nado XMR-PERP	+0.1244%	1h	576.08	+0.104%	$1.3M	$450K	10x	as long as short
SoDEX XMR-USDshort	+0.1317%	1h	576.21	+0.127%	$438K	$3K	5x
Backpack XMR_USDC_PERP	+0.1415%	1h	575.84	+0.063%	$169K	$532K	20x	as long as short
Aftermath Perps XMRUSD	+0.2041%	1h	574.91	−0.100%	$2K	$42K	10x	as long as short