Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.067%

Price spread now: BingX against SoDEX+0.060%7-day average +0.015% · 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−$43as in the Price arb table

costs, in and out, $10k−$470.473% of the position

Long on SoDEX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.321%−$32 on $10k

Price spread, last 3 days (all we have)−0.089%−$9 · spread now +0.060%, 7d avg +0.015%

Together, before fees−0.410%−$41 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.045% dearer against SoDEX than usual: you sell high and buy low (spread +0.060% now, against its 7-day average of +0.015%): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XMR-USD	601.13	0.0586	pay 0.0073% / 1h	50m 08s	$457K	$3K	5x
Short	BingX XMR-USDT	601.49	0.0406	get 0.0406% / 8h	50m 08s	—	$5.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.060%Rate

Funding earned: −$37.87
Price spread: +0.060% → +0.015%: $4.51
Slippage, 4 orders: −$29.27
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$80.63
Costs to cover: 0.473%
Break-even: never at this rate

Slippage from SoDEX: live order book, 28 min ago; BingX: live order book, 10 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, 28 min ago	0.08 bp	13.2 bp −$13	42.4 bp −$424	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	0.58 bp	9.5 bp −$10	27.6 bp −$276	83.8 bp −$8,379	555.5 bp −$277.7K

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	600.37	−0.126%	$45K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	601.14	+0.002%	$49.1M	$62.8M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	601.91	+0.129%	$1.1M	$665K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	600.39	−0.123%	$2K	$1.9M	20x	as long as short
Lighter XMR	+0.0136%	1h	600.73	−0.067%	$3.4M	$6.9M	10x	as long as short
Aevo XMR-PERP	+0.0168%	1h	601.42	+0.048%	$12K	—	3x	as long as short
Binance XMRUSDT	+0.0329%	8h	601.13	0.000%	$55.1M	$164.0M	75x	as long as short
MEXC XMR_USDT	+0.0332%	8h	601.18	+0.008%	$22.4M	$14.9M	100x	as long as short
Variational Omni XMR	+0.0386%	8h	600.48	−0.107%	$7.0M	$2.5M	—	as long as short
BingX XMR-USDTshort	+0.0406%	8h	601.49	+0.060%	—	$5.7M	—

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0421%	8h	600.97	−0.027%	$10.0M	$14.3M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0458%	1h	600.03	−0.183%	$5.7M	$20.5M	50x	as long as short
BloFin XMR-USDT	+0.0468%	8h	600.58	−0.091%	$2.8M	$11.7M	75x	as long as short
Backpack XMR_USDC_PERP	+0.0499%	1h	600.82	−0.052%	$205K	$575K	20x	as long as short
Gate XMR_USDT	+0.0527%	8h	600.41	−0.120%	$1.7M	$4.6M	50x	as long as short
Pacifica XMR	+0.0565%	1h	600.49	−0.106%	$283K	$1.0M	10x	as long as short
KuCoin XMRUSDTM	+0.0572%	8h	600.32	−0.135%	$49.0M	$25.9M	50x	as long as short
Aster XMRUSDT	+0.0585%	8h	600.58	−0.091%	$693K	$2.4M	75x	as long as short
SoDEX XMR-USDlong	+0.0586%	1h	601.13	long leg	$457K	$3K	5x
GRVT XMR_USDT_Perp	+0.0615%	8h	602.14	+0.167%	$351K	$797K	10x	as long as short
Polymarket Perps XMR-USD	+0.0641%	1h	601.27	+0.023%	$23K	$1.8M	5x	as long as short
Paradex XMR-USD-PERP	+0.0848%	8h	600.45	−0.114%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0887% / S −0.2436%	1h	600.24	−0.148%	$555K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0952%	8h	600.74	−0.065%	$44K	$729K	10x	as long as short
Nado XMR-PERP	+0.1067%	1h	600.75	−0.062%	$1.3M	$475K	10x	as long as short
Injective XMR/USDC PERP	+0.1312%	1h	596.76	−0.727%	$3K	$6K	12x	as long as short
Hyperliquid XMR	+0.1491%	1h	601.79	+0.110%	$90.7M	$70.0M	5x	as long as short
Extended XMR-USD	+0.1776%	1h	601.23	+0.017%	$3.2M	$6.9M	25x	as long as short
HTX XMR-USDT	+0.1985%	8h	600.43	−0.116%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2306%	1h	600.95	−0.029%	$2K	$46K	10x	as long as short
dYdX XMR-USD	+0.2827%	1h	599.58	−0.259%	$109K	$50K	5x	as long as short