Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1010%/8h= +110.6% APRpaid last 24h +0.090%

Price spread now: SoDEX against MEXC−0.019%7-day average −0.009% · 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−$59as in the Price arb table

costs, in and out, $10k−$580.582% of the position

Long on MEXC Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.302%+$30 on $10k

Price spread, last 3 days (all we have)+0.011%+$1 · spread now −0.019%, 7d avg −0.009%

Together, before fees+0.313%+$31 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: +$30 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.302% in total (about 34.6% 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	MEXC XMR_USDT	591.77	0.0426	pay 0.0426% / 8h	7h 32m	$21.5M	$15.2M	100x
Short	SoDEX XMR-USD	591.66	0.1436	get 0.0179% / 1h	32m 55s	$450K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against MEXC. 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 MEXCbpFee SoDEXbpOrdersPrice spread, now −0.019%Rate

Funding earned: $212.1
Price spread: −0.019% → −0.009%: −$0.96
Slippage, 4 orders: −$46.19
Fee MEXC: 2 bp × 2 orders: −$4
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $152.95
Costs to cover: 0.582%
Break-even: 2.0 days

Slippage from MEXC: live order book, 1 min ago; SoDEX: live order book, 41 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 MEXC live order book, 1 min ago	1.01 bp	18.5 bp −$18	31.0 bp −$310	55.4 bp −$5,541	196.5 bp −$98.2K
Sell SoDEX live order book, 41 min ago	0.42 bp	13.4 bp −$13	45.8 bp −$458	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	590.39	−0.233%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+0.843%	$3K	$4K	12x	as long as short
dYdX XMR-USD	+0.0070%	1h	589.90	−0.317%	$107K	$50K	5x	as long as short
edgeX XMRUSDC	+0.0100%	4h	592.73	+0.162%	$1.1M	$661K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	591.17	−0.101%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	591.69	−0.014%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0184%	1h	591.82	+0.008%	$12K	—	3x	as long as short
MEXC XMR_USDTlong	+0.0426%	8h	591.77	long leg	$21.5M	$15.2M	100x
Binance XMRUSDT	+0.0426%	8h	591.66	−0.019%	$54.1M	$166.8M	75x	as long as short
Bitget XMRUSDT	+0.0528%	8h	591.77	0.000%	$9.7M	$14.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin XMR-USDT	+0.0608%	8h	591.42	−0.059%	$2.7M	$11.6M	75x	as long as short
Aster XMRUSDT	+0.0636%	8h	591.26	−0.087%	$655K	$2.5M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0644%	1h	590.57	−0.203%	$5.6M	$20.5M	50x	as long as short
Pacifica XMR	+0.0659%	1h	591.45	−0.054%	$278K	$1.1M	10x	as long as short
KuCoin XMRUSDTM	+0.0681%	8h	591.70	−0.012%	$48.6M	$26.1M	50x	as long as short
Variational Omni XMR	+0.0813%	8h	593.30	+0.259%	$6.8M	$2.6M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0871% / S −0.2452%	1h	590.26	−0.255%	$549K	—	100x	as long as short
Gate XMR_USDT	+0.0917%	8h	591.01	−0.128%	$1.6M	$4.6M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0979%	1h	591.20	−0.096%	$200K	$526K	20x	as long as short
Orderly PERP_XMR_USDC	+0.1031%	8h	591.59	−0.030%	$42K	$738K	10x	as long as short
Paradex XMR-USD-PERP	+0.1185%	8h	591.02	−0.126%	$8K	$4K	20x	as long as short
Lighter XMR	+0.1224%	1h	591.67	−0.016%	$3.3M	$7.1M	10x	as long as short
GRVT XMR_USDT_Perp	+0.1256%	8h	593.00	+0.207%	$350K	$804K	10x	as long as short
Polymarket Perps XMR-USD	+0.1292%	1h	591.70	−0.012%	$48K	$1.9M	5x	as long as short
Nado XMR-PERP	+0.1419%	1h	591.57	−0.035%	$1.3M	$467K	10x	as long as short
SoDEX XMR-USDshort	+0.1436%	1h	591.66	−0.019%	$450K	$3K	5x
BingX XMR-USDT	+0.1447%	8h	591.81	+0.007%	—	$5.8M	—	as long as short
Bybit XMRUSDT	+0.1454%	8h	591.77	0.000%	$47.7M	$64.6M	75x	as long as short
Hyperliquid XMR	+0.2128%	1h	591.98	+0.035%	$89.8M	$72.5M	5x	as long as short
Extended XMR-USD	+0.2472%	1h	591.60	−0.029%	$3.2M	$7.9M	25x	as long as short
Aftermath Perps XMRUSD	+0.2575%	1h	592.08	+0.052%	$1K	$46K	10x	as long as short