Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1029%/8h= +112.7% APRpaid last 24h +0.002%

Price spread now: SoDEX against Paradex−0.048%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. SoDEX is 0.048% cheaper against Paradex than usual: you would sell low and buy high (spread −0.048% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 4 hours of funding at the current rate (+$31 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XMR-USD-PERP	573.68	0.0368	pay 0.0368% / 8h	3h 28m	$8K	$4K	20x
Short	SoDEX XMR-USD	573.41	0.1397	get 0.0175% / 1h	28m 17s	$436K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Paradex. 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 ParadexbpFee SoDEXbpOrdersPrice spread, now −0.048%Rate

Funding earned: $216.19
Price spread: −0.048% → 0.000%: −$4.77
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $199.42
Costs to cover: 0.120%
Break-even: 0.5 days

Slippage unknown: Paradex: no order-book sample; SoDEX: live order book, 25 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 Paradex no order-book sample	—	—	—	—	—
Sell SoDEX live order book, 25 min ago	0.09 bp	12.9 bp −$13	48.4 bp −$484	doesn't fit	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	572.46	−0.213%	$37K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.546%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	574.33	+0.113%	$1.0M	$645K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	572.86	−0.144%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	572.00	−0.293%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0216%	1h	573.53	−0.027%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSD	+0.0226%	1h	572.36	−0.231%	$5.4M	$19.5M	50x	as long as short
KuCoin XMRUSDTM	+0.0330%	8h	572.75	−0.163%	$44.9M	$26.4M	50x	as long as short
Paradex XMR-USD-PERPlong	+0.0368%	8h	573.68	long leg	$8K	$4K	20x
Gate XMR_USDT	+0.0493%	8h	572.90	−0.137%	$1.6M	$4.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0523%	8h	573.33	−0.062%	$9.4M	$13.5M	50x	as long as short
MEXC XMR_USDT	+0.0552%	8h	573.48	−0.035%	$19.8M	$14.7M	100x	as long as short
Binance XMRUSDT	+0.0553%	8h	573.48	−0.035%	$52.4M	$163.6M	75x	as long as short
Backpack XMR_USDC_PERP	+0.0559%	1h	572.81	−0.152%	$169K	$533K	20x	as long as short
BingX XMR-USDT	+0.0560%	8h	573.49	−0.034%	—	$5.6M	—	as long as short
Lighter XMR	+0.0560%	1h	573.35	−0.058%	$3.1M	$7.5M	10x	as long as short
Bybit XMRUSDT	+0.0613%	8h	573.43	−0.044%	$46.7M	$64.5M	75x	as long as short
Extended XMR-USD	+0.0656%	1h	573.29	−0.068%	$3.1M	$8.3M	25x	as long as short
Pacifica XMR	+0.0682%	1h	573.58	−0.019%	$266K	$1.0M	10x	as long as short
Aster XMRUSDT	+0.0701%	8h	572.68	−0.175%	$634K	$2.3M	75x	as long as short
Polymarket Perps XMR-USD	+0.0756%	1h	573.09	−0.103%	$25K	$2.2M	5x	as long as short
BloFin XMR-USDT	+0.0904%	8h	573.45	−0.041%	$2.7M	$11.2M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0949%	8h	573.69	+0.001%	$337K	$726K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0989% / S −0.1256%	1h	572.06	−0.283%	$590K	—	100x	as long as short
Nado XMR-PERP	+0.1080%	1h	573.62	−0.011%	$1.3M	$458K	10x	as long as short
Variational Omni XMR	+0.1120%	8h	574.77	+0.190%	$6.4M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1127%	8h	573.29	−0.069%	$40K	$735K	10x	as long as short
dYdX XMR-USD	+0.1131%	1h	572.17	−0.264%	$104K	$44K	5x	as long as short
Hyperliquid XMR	+0.1240%	1h	573.35	−0.058%	$86.4M	$71.3M	5x	as long as short
SoDEX XMR-USDshort	+0.1397%	1h	573.41	−0.048%	$436K	$3K	5x
Aftermath Perps XMRUSD	+0.1937%	1h	573.33	−0.062%	$1K	$43K	10x	as long as short