Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0943%/8h= −103.3% APRpaid last 24h −0.255%

Price spread now: edgeX against SoDEX+0.038%75s7-day average +0.003% · 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—prices read too far apart to compare

costs, in and out, $10k−$560.561% of the position

Long on SoDEX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.759%−$76 on $10k

Price spread, last 4 days (all we have)−0.269%−$27 · spread now +0.038%, 7d avg +0.003%

Together, before fees−1.028%+ Points / potential airdropedgeX: Active · farm board−$103 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.035% dearer against SoDEX than usual: you sell high and buy low (spread +0.038% now, against its 7-day average of +0.003%): +$3 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 3 hours. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XMR-USD	570.82	0.1043	pay 0.0130% / 1h	1m 37s	$434K	$4K	5x
Short	edgeX XMRUSDC	571.04	0.0100	get 0.0050% / 4h	3h 01m	$1.0M	$529K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$198.13
Price spread: +0.038% → +0.003%: $3.5
Slippage, 4 orders: −$39.1
Fee SoDEX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$250.73
Costs to cover: 0.561%
Break-even: never at this rate

Slippage from SoDEX: live order book, 32 min ago; edgeX: 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, 32 min ago	0.17 bp	12.9 bp −$13	43.8 bp −$438	doesn't fit	doesn't fit
Sell edgeX live order book, 2 min ago	10.49 bp	15.1 bp −$15	16.9 bp −$169	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 −0.0005%	1h	569.79	−0.181%	$34K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+2.055%	$3K	$3K	12x	as long as short
edgeX XMRUSDCshort	+0.0100%	4h	571.04	+0.038%	$1.0M	$529K	10x
Polymarket Perps XMR-USD	+0.0100%	1h	570.39	−0.075%	$30K	$1.5M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	570.25	−0.100%	$2K	$1.1M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	570.75	−0.012%	$1.1M	$1.0M	20x	as long as short
Aevo XMR-PERP	+0.0200%	1h	570.77	−0.009%	$12K	—	3x	as long as short
Lighter XMR	+0.0312%	1h	570.33	−0.086%	$3.0M	$5.6M	10x	as long as short
Gate XMR_USDT	+0.0359%	8h	569.90	−0.161%	$1.6M	$2.7M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0373%	1h	569.73	−0.191%	$5.4M	$7.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XMRUSDTM	+0.0454%	8h	570.39	−0.075%	$45.2M	$17.0M	50x	as long as short
MEXC XMR_USDT	+0.0465%	8h	570.50	−0.056%	$19.9M	$9.7M	100x	as long as short
Binance XMRUSDT	+0.0465%	8h	570.32	−0.088%	$52.2M	$97.7M	75x	as long as short
Bybit XMRUSDT	+0.0475%	8h	570.57	−0.044%	$46.3M	$46.9M	75x	as long as short
Pacifica XMR	+0.0550%	1h	570.36	−0.081%	$269K	$736K	10x	as long as short
Aster XMRUSDT	+0.0567%	8h	570.14	−0.119%	$659K	$1.5M	75x	as long as short
BingX XMR-USDT	+0.0573%	8h	570.71	−0.019%	—	$5.0M	—	as long as short
Hyperliquid XMR	+0.0587%	1h	570.45	−0.065%	$86.6M	$55.9M	5x	as long as short
Bitget XMRUSDT	+0.0609%	8h	570.70	−0.021%	$9.3M	$10.1M	50x	as long as short
Extended XMR-USD	+0.0616%	1h	570.50	−0.055%	$3.0M	$7.2M	25x	as long as short
GRVT XMR_USDT_Perp	+0.0707%	8h	570.25	−0.101%	$331K	$639K	10x	as long as short
Paradex XMR-USD-PERP	+0.0735%	8h	570.46	−0.064%	$8K	$1K	20x	as long as short
BloFin XMR-USDT	+0.0780%	8h	572.19	+0.240%	$2.7M	$9.6M	75x	as long as short
Variational Omni XMR	+0.0787%	8h	572.38	+0.273%	$6.1M	$2.4M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0982% / S −0.1195%	1h	569.66	−0.204%	$592K	—	100x	as long as short
Nado XMR-PERP	+0.0985%	1h	571.01	+0.034%	$1.2M	$228K	10x	as long as short
SoDEX XMR-USDlong	+0.1043%	1h	570.82	long leg	$434K	$4K	5x
Orderly PERP_XMR_USDC	+0.1092%	8h	570.58	−0.042%	$40K	$394K	10x	as long as short
Backpack XMR_USDC_PERP	+0.1179%	1h	570.51	−0.054%	$128K	$414K	20x	as long as short
dYdX XMR-USD	+0.1807%	1h	570.59	−0.040%	$103K	$26K	5x	as long as short
Aftermath Perps XMRUSD	+0.2060%	1h	570.73	−0.016%	$1K	$38K	10x	as long as short