Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0673%/8h= +73.7% APRpaid last 24h −0.424%

Price spread now: SoDEX against HTX−0.124%7-day average +0.286% · 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−$152as in the Price arb table

costs, in and out, $10k−$1111.105% of the position

Long on HTX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−1.480%−$148 on $10k

Price spread, last 4 days (all we have)+0.676%+$68 · spread now −0.124%, 7d avg +0.286%

Together, before fees−0.804%−$80 on $10k · with fees, hour by hour

Funding pays, the price is against you. SoDEX is 0.410% cheaper against HTX than usual: you would sell low and buy high (spread −0.124% now, against its 7-day average of +0.286%). If the spread goes back, that is −$41 on $10k: about 2.0 days of funding at the current rate (+$20 a day). Mind the row above: over the last 4 days funding on this pair cost −1.480%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XMR-USDT	573.87	0.0100	pay 0.0100% / 8h	7h 54m	$1.1M	$1.1M	20x
Short	SoDEX XMR-USD	573.16	0.0773	get 0.0097% / 1h	54m 55s	$436K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against HTX. 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 HTXbpFee SoDEXbpOrdersPrice spread, now −0.124%Rate

Funding earned: $141.28
Price spread: −0.124% → +0.286%: −$41.01
Slippage, 4 orders: −$90.51
Fee HTX: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$10.25
Costs to cover: 1.105%
Break-even: 7.5 days

Slippage from HTX: live order book, 4 min ago; SoDEX: live order book, 44 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 HTX live order book, 4 min ago	11.82 bp	44.5 bp −$45	400.5 bp −$4,005	doesn't fit	doesn't fit
Sell SoDEX live order book, 44 min ago	0.26 bp	13.2 bp −$13	43.8 bp −$438	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 −0.0005%	1h	572.19	−0.292%	$34K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.513%	$3K	$3K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	573.62	−0.044%	$46.5M	$49.8M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	573.48	−0.067%	$1.0M	$542K	10x	as long as short
Polymarket Perps XMR-USD	+0.0100%	1h	572.23	−0.286%	$30K	$1.7M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	572.66	−0.211%	$2K	$1.2M	20x	as long as short
HTX XMR-USDTlong	+0.0100%	8h	573.87	long leg	$1.1M	$1.1M	20x
Aevo XMR-PERP	+0.0200%	1h	573.35	−0.091%	$12K	—	3x	as long as short
Extended XMR-USD	+0.0224%	1h	574.00	+0.023%	$3.0M	$7.7M	25x	as long as short
Gate XMR_USDT	+0.0248%	8h	573.22	−0.113%	$1.6M	$2.6M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XMRUSDTM	+0.0335%	8h	573.39	−0.084%	$45.4M	$17.9M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0372%	1h	572.14	−0.301%	$5.4M	$9.3M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0495%	8h	572.47	−0.243%	$342K	$630K	10x	as long as short
MEXC XMR_USDT	+0.0496%	8h	573.84	−0.005%	$20.2M	$9.6M	100x	as long as short
Binance XMRUSDT	+0.0497%	8h	573.91	+0.008%	$52.4M	$106.5M	75x	as long as short
Bitget XMRUSDT	+0.0530%	8h	574.18	+0.054%	$9.4M	$10.1M	50x	as long as short
Pacifica XMR	+0.0550%	1h	573.12	−0.130%	$267K	$757K	10x	as long as short
BingX XMR-USDT	+0.0560%	8h	574.17	+0.052%	—	$5.3M	—	as long as short
Aster XMRUSDT	+0.0628%	8h	573.43	−0.077%	$641K	$1.6M	75x	as long as short
Hyperliquid XMR	+0.0645%	1h	573.33	−0.094%	$87.0M	$60.2M	5x	as long as short
Lighter XMR	+0.0664%	1h	572.88	−0.173%	$3.1M	$5.5M	10x	as long as short
Paradex XMR-USD-PERP	+0.0684%	8h	573.35	−0.091%	$8K	$2K	20x	as long as short
SoDEX XMR-USDshort	+0.0773%	1h	573.16	−0.124%	$436K	$3K	5x
BloFin XMR-USDT	+0.0804%	8h	573.44	−0.075%	$2.7M	$10.0M	75x	as long as short
Variational Omni XMR	+0.0826%	8h	574.08	+0.037%	$6.2M	$2.3M	—	as long as short
Nado XMR-PERP	+0.0876%	1h	572.96	−0.159%	$1.2M	$318K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1078% / S −0.1372%	1h	572.23	−0.285%	$596K	—	100x	as long as short
Backpack XMR_USDC_PERP	+0.1091%	1h	572.91	−0.167%	$136K	$432K	20x	as long as short
Orderly PERP_XMR_USDC	+0.1116%	8h	573.01	−0.150%	$40K	$434K	10x	as long as short
dYdX XMR-USD	+0.1290%	1h	572.05	−0.317%	$104K	$29K	5x	as long as short
Aftermath Perps XMRUSD	+0.2114%	1h	572.79	−0.189%	$1K	$39K	10x	as long as short