Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0077%/8h= −8.5% APRpaid last 24h +0.080%

Price spread now: SoDEX against GRVT−0.317%74s7-day average +0.010% · 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−$4844.836% of the position

Long on GRVT Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.188%+$19 on $10k

Price spread, last 4 days (all we have)+0.396%+$40 · spread now −0.317%, 7d avg +0.010%

Together, before fees+0.584%+ Points / potential airdropGRVT: Active · farm board+$58 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SoDEX is 0.327% cheaper against GRVT than usual: you would sell low and buy high (−$33 if the spread goes back to its 7-day average of +0.010%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.188%, so the current rate has only just turned against you. The two prices were read 74 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	GRVT XMR_USDT_Perp	579.20	0.0851	pay 0.0851% / 8h	4h 44m	$336K	$741K	10x
Short	SoDEX XMR-USD	577.36	0.0774	get 0.0097% / 1h	44m 17s	$439K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against GRVT. 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 GRVTbpFee SoDEXbpOrdersPrice spread, now −0.317%Rate

Funding earned: −$16.22
Price spread: −0.317% → +0.010%: −$32.66
Slippage, 4 orders: −$466.58
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$532.46
Costs to cover: 4.836%
Break-even: never at this rate

Slippage from GRVT: live order book, 14 min ago; SoDEX: live order book, 14 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 GRVT live order book, 14 min ago	1.72 bp	448.6 bp −$449	94407.6 bp −$944.1K	doesn't fit	doesn't fit
Sell SoDEX live order book, 14 min ago	0.09 bp	13.1 bp −$13	42.8 bp −$428	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
Injective XMR/USDC PERP	−0.0136%	1h	582.55	+0.579%	$3K	$3K	12x	as long as short
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0010%	1h	576.68	−0.434%	$45K	—	150x	as long as short
Lighter XMR	+0.0096%	1h	576.57	−0.453%	$3.3M	$7.4M	10x	as long as short
edgeX XMRUSDC	+0.0100%	4h	578.82	−0.065%	$1.0M	$656K	10x	as long as short
Polymarket Perps XMR-USD	+0.0100%	1h	576.41	−0.481%	$29K	$2.1M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	577.06	−0.369%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	575.65	−0.612%	$1.1M	$1.6M	20x	as long as short
Kraken Futures PF_XMRUSD	+0.0149%	1h	575.97	−0.557%	$5.4M	$19.5M	50x	as long as short
Aevo XMR-PERP	+0.0200%	1h	577.50	−0.294%	$12K	—	3x	as long as short
Backpack XMR_USDC_PERP	+0.0401%	1h	577.10	−0.362%	$169K	$534K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX XMR-USD	+0.0409%	1h	575.39	−0.656%	$104K	$44K	5x	as long as short
Gate XMR_USDT	+0.0418%	8h	576.29	−0.502%	$1.5M	$4.5M	50x	as long as short
Bybit XMRUSDT	+0.0419%	8h	577.58	−0.279%	$46.9M	$63.9M	75x	as long as short
Binance XMRUSDT	+0.0482%	8h	577.29	−0.330%	$52.6M	$164.7M	75x	as long as short
MEXC XMR_USDT	+0.0484%	8h	577.46	−0.300%	$20.3M	$14.9M	100x	as long as short
BingX XMR-USDT	+0.0542%	8h	577.73	−0.253%	—	$5.7M	—	as long as short
Bitget XMRUSDT	+0.0562%	8h	577.55	−0.284%	$9.4M	$14.0M	50x	as long as short
KuCoin XMRUSDTM	+0.0596%	8h	576.15	−0.526%	$45.9M	$26.3M	50x	as long as short
Pacifica XMR	+0.0626%	1h	576.31	−0.498%	$266K	$1.1M	10x	as long as short
Hyperliquid XMR	+0.0662%	1h	577.00	−0.379%	$86.7M	$71.2M	5x	as long as short
Nado XMR-PERP	+0.0672%	1h	577.13	−0.356%	$1.3M	$465K	10x	as long as short
Aster XMRUSDT	+0.0684%	8h	576.49	−0.468%	$645K	$2.4M	75x	as long as short
Extended XMR-USD	+0.0712%	1h	577.18	−0.347%	$3.1M	$8.3M	25x	as long as short
BloFin XMR-USDT	+0.0751%	8h	576.42	−0.479%	$2.7M	$11.2M	75x	as long as short
SoDEX XMR-USDshort	+0.0774%	1h	577.36	−0.317%	$439K	$3K	5x
Paradex XMR-USD-PERP	+0.0785%	8h	576.26	−0.507%	$8K	$4K	20x	as long as short
GRVT XMR_USDT_Perplong	+0.0851%	8h	579.20	long leg	$336K	$741K	10x
GMX XMR/USD [WBTC.b-USDC]	L +0.0990% / S −0.1252%	1h	576.21	−0.516%	$592K	—	100x	as long as short
Variational Omni XMR	+0.1031%	8h	578.24	−0.164%	$6.6M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1107%	8h	577.23	−0.339%	$41K	$720K	10x	as long as short
Aftermath Perps XMRUSD	+0.2247%	1h	578.03	−0.201%	$1K	$45K	10x	as long as short