Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0718%/8h= −78.7% APRpaid last 24h −0.147%

Price spread now: Binance against SoDEX+0.100%7-day average +0.006% · 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−$37as in the Price arb table

costs, in and out, $10k−$460.461% of the position

Long on SoDEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.383%−$38 on $10k

Price spread, last 4 days (all we have)−0.128%−$13 · spread now +0.100%, 7d avg +0.006%

Together, before fees−0.511%−$51 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.094% dearer against SoDEX than usual: you sell high and buy low (spread +0.100% now, against its 7-day average of +0.006%): +$9 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XMR-USD	578.22	0.1349	pay 0.0169% / 1h	15m 00s	$439K	$3K	5x
Short	Binance XMRUSDT	578.80	0.0631	get 0.0631% / 8h	2h 15m	$52.9M	$160.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SoDEX. 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 SoDEXbpFee BinancebpOrdersPrice spread, now +0.100%Rate

Funding earned: −$150.85
Price spread: +0.100% → +0.006%: $9.43
Slippage, 4 orders: −$28.14
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$187.56
Costs to cover: 0.461%
Break-even: never at this rate

Slippage from SoDEX: live order book, 34 min ago; Binance: live order book, 13 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 SoDEX live order book, 34 min ago	0.09 bp	12.9 bp −$13	46.3 bp −$463	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.09 bp	10.5 bp −$11	24.0 bp −$240	81.7 bp −$8,171	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 −0.0004%	1h	576.73	−0.258%	$33K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+0.749%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	576.48	−0.300%	$1.0M	$642K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	576.80	−0.246%	$2K	$1.8M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	577.00	−0.211%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0240%	1h	577.88	−0.058%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0322%	1h	576.11	−0.365%	$104K	$44K	5x	as long as short
KuCoin XMRUSDTM	+0.0329%	8h	577.10	−0.194%	$45.4M	$26.2M	50x	as long as short
Bitget XMRUSDT	+0.0588%	8h	578.26	+0.007%	$9.5M	$13.1M	50x	as long as short
MEXC XMR_USDT	+0.0627%	8h	578.29	+0.012%	$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 XMRUSDTshort	+0.0631%	8h	578.80	+0.100%	$52.9M	$160.5M	75x
BingX XMR-USDT	+0.0669%	8h	578.34	+0.021%	—	$5.6M	—	as long as short
Gate XMR_USDT	+0.0670%	8h	578.12	−0.017%	$1.6M	$4.3M	50x	as long as short
Polymarket Perps XMR-USD	+0.0678%	1h	577.56	−0.114%	$27K	$2.1M	5x	as long as short
Bybit XMRUSDT	+0.0710%	8h	578.43	+0.036%	$46.8M	$64.0M	75x	as long as short
Extended XMR-USD	+0.0728%	1h	578.02	−0.034%	$3.0M	$8.2M	25x	as long as short
Kraken Futures PF_XMRUSD	+0.0742%	1h	577.16	−0.184%	$5.5M	$18.8M	50x	as long as short
Aster XMRUSDT	+0.0790%	8h	577.84	−0.066%	$651K	$2.2M	75x	as long as short
Lighter XMR	+0.0896%	1h	578.11	−0.019%	$3.1M	$7.6M	10x	as long as short
Paradex XMR-USD-PERP	+0.0897%	8h	577.71	−0.088%	$8K	$4K	20x	as long as short
Pacifica XMR	+0.0912%	1h	577.49	−0.126%	$267K	$1.0M	10x	as long as short
GRVT XMR_USDT_Perp	+0.1020%	8h	575.69	−0.438%	$346K	$727K	10x	as long as short
BloFin XMR-USDT	+0.1038%	8h	577.98	−0.042%	$2.7M	$11.3M	75x	as long as short
Hyperliquid XMR	+0.1064%	1h	578.42	+0.035%	$87.3M	$70.9M	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1086% / S −0.1451%	1h	576.57	−0.285%	$597K	—	100x	as long as short
Variational Omni XMR	+0.1180%	8h	576.19	−0.350%	$6.2M	$2.4M	—	as long as short
Orderly PERP_XMR_USDC	+0.1196%	8h	577.67	−0.095%	$41K	$670K	10x	as long as short
Nado XMR-PERP	+0.1229%	1h	577.55	−0.115%	$1.3M	$450K	10x	as long as short
SoDEX XMR-USDlong	+0.1349%	1h	578.22	long leg	$439K	$3K	5x
Backpack XMR_USDC_PERP	+0.1415%	1h	577.90	−0.055%	$169K	$532K	20x	as long as short
Aftermath Perps XMRUSD	+0.2037%	1h	575.56	−0.460%	$1K	$42K	10x	as long as short