Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0516%/8h= −56.5% APRpaid last 24h −0.192%

Price spread now: Bybit against SoDEX−0.091%7-day average −0.015% · 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−$58as in the Price arb table

costs, in and out, $10k−$500.501% of the position

Long on SoDEX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.495%−$50 on $10k

Price spread, last 3 days (all we have)+0.049%+$5 · spread now −0.091%, 7d avg −0.015%

Together, before fees−0.446%−$45 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Bybit is 0.077% cheaper against SoDEX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.015%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XMR-USD	601.69	0.0616	pay 0.0077% / 1h	51m 56s	$457K	$3K	5x
Short	Bybit XMRUSDT	601.14	0.0100	get 0.0100% / 8h	51m 56s	$49.1M	$62.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.091%Rate

Funding earned: −$108.39
Price spread: −0.091% → −0.015%: −$7.69
Slippage, 4 orders: −$31.08
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$166.16
Costs to cover: 0.501%
Break-even: never at this rate

Slippage from SoDEX: live order book, 27 min ago; Bybit: live order book, 2 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, 27 min ago	0.08 bp	13.2 bp −$13	42.4 bp −$424	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.08 bp	15.8 bp −$16	29.9 bp −$299	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	601.27	−0.070%	$45K	—	150x	as long as short
Bybit XMRUSDTshort	+0.0100%	8h	601.14	−0.091%	$49.1M	$62.8M	75x
edgeX XMRUSDC	+0.0100%	4h	601.91	+0.036%	$1.1M	$665K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	601.17	−0.086%	$2K	$1.9M	20x	as long as short
Lighter XMR	+0.0136%	1h	601.54	−0.025%	$3.4M	$6.9M	10x	as long as short
Aevo XMR-PERP	+0.0168%	1h	602.31	+0.104%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0332%	8h	600.43	−0.209%	$22.4M	$14.9M	100x	as long as short
Binance XMRUSDT	+0.0333%	8h	601.19	−0.083%	$55.1M	$163.9M	75x	as long as short
Variational Omni XMR	+0.0369%	8h	602.00	+0.052%	$7.0M	$2.5M	—	as long as short
BingX XMR-USDT	+0.0406%	8h	601.48	−0.035%	—	$5.7M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0425%	8h	601.01	−0.113%	$10.0M	$14.3M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0458%	1h	600.39	−0.216%	$5.7M	$20.5M	50x	as long as short
BloFin XMR-USDT	+0.0469%	8h	602.90	+0.201%	$2.8M	$11.7M	75x	as long as short
Gate XMR_USDT	+0.0536%	8h	601.29	−0.066%	$1.7M	$4.6M	50x	as long as short
Pacifica XMR	+0.0565%	1h	601.93	+0.040%	$283K	$1.0M	10x	as long as short
KuCoin XMRUSDTM	+0.0573%	8h	601.08	−0.101%	$49.1M	$26.0M	50x	as long as short
Aster XMRUSDT	+0.0586%	8h	601.04	−0.107%	$693K	$2.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0615%	8h	602.14	+0.074%	$351K	$797K	10x	as long as short
SoDEX XMR-USDlong	+0.0616%	1h	601.69	long leg	$457K	$3K	5x
Polymarket Perps XMR-USD	+0.0658%	1h	602.08	+0.065%	$23K	$1.8M	5x	as long as short
Backpack XMR_USDC_PERP	+0.0689%	1h	600.81	−0.146%	$205K	$575K	20x	as long as short
Paradex XMR-USD-PERP	+0.0868%	8h	602.17	+0.079%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0888% / S −0.2436%	1h	601.11	−0.096%	$556K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0956%	8h	601.57	−0.020%	$44K	$729K	10x	as long as short
Nado XMR-PERP	+0.1149%	1h	602.03	+0.057%	$1.3M	$475K	10x	as long as short
Injective XMR/USDC PERP	+0.1312%	1h	596.76	−0.819%	$3K	$6K	12x	as long as short
Hyperliquid XMR	+0.1448%	1h	601.75	+0.010%	$90.6M	$69.9M	5x	as long as short
Extended XMR-USD	+0.1816%	1h	600.76	−0.155%	$3.2M	$6.9M	25x	as long as short
HTX XMR-USDT	+0.1982%	8h	600.68	−0.168%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2311%	1h	600.96	−0.121%	$2K	$47K	10x	as long as short
dYdX XMR-USD	+0.2929%	1h	600.98	−0.118%	$109K	$50K	5x	as long as short