Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0239%/8h= +26.1% APRpaid last 24h −0.074%

Price spread now: Gate against SoDEX−0.016%7-day average −0.093% · 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−$63as in the Price arb table

costs, in and out, $10k−$710.711% of the position

Long on SoDEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.157%−$16 on $10k

Price spread, last 4 days (all we have)−0.152%−$15 · spread now −0.016%, 7d avg −0.093%

Together, before fees−0.309%−$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Gate is 0.078% dearer against SoDEX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.093%. Mind the row above: over the last 4 days funding on this pair cost −0.157%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XMR-USD	572.83	0.0981	pay 0.0123% / 1h	57m 57s	$435K	$4K	5x
Short	Gate XMR_USDT	572.74	0.1220	get 0.1220% / 8h	7h 57m	$1.6M	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.016%Rate

Funding earned: $50.14
Price spread: −0.016% → −0.093%: $7.76
Slippage, 4 orders: −$48.07
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$13.17
Costs to cover: 0.711%
Break-even: 8.8 days

Slippage from SoDEX: live order book, 41 min ago; Gate: live order book, 5 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, 41 min ago	0.26 bp	13.2 bp −$13	51.1 bp −$511	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	7.61 bp	20.0 bp −$20	35.3 bp −$353	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	571.72	−0.193%	$34K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.697%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	571.87	−0.168%	$1.0M	$548K	10x	as long as short
Polymarket Perps XMR-USD	+0.0100%	1h	571.79	−0.182%	$30K	$1.7M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	572.00	−0.145%	$2K	$1.2M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	571.87	−0.168%	$1.1M	$1.1M	20x	as long as short
Extended XMR-USD	+0.0200%	1h	572.75	−0.013%	$3.0M	$7.7M	25x	as long as short
Aevo XMR-PERP	+0.0200%	1h	572.99	+0.027%	$12K	—	3x	as long as short
Lighter XMR	+0.0312%	1h	572.66	−0.029%	$3.1M	$5.5M	10x	as long as short
KuCoin XMRUSDTM	+0.0332%	8h	572.40	−0.075%	$45.3M	$18.1M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_XMRUSD	+0.0372%	1h	571.85	−0.171%	$5.4M	$9.3M	50x	as long as short
Binance XMRUSDT	+0.0496%	8h	572.72	−0.019%	$52.3M	$106.9M	75x	as long as short
MEXC XMR_USDT	+0.0496%	8h	572.83	0.000%	$20.1M	$9.6M	100x	as long as short
BingX XMR-USDT	+0.0499%	8h	572.83	0.000%	—	$5.2M	—	as long as short
Bitget XMRUSDT	+0.0528%	8h	572.76	−0.012%	$9.4M	$10.2M	50x	as long as short
Pacifica XMR	+0.0550%	1h	572.61	−0.038%	$267K	$757K	10x	as long as short
Bybit XMRUSDT	+0.0589%	8h	572.52	−0.054%	$46.4M	$49.9M	75x	as long as short
Aster XMRUSDT	+0.0628%	8h	572.60	−0.040%	$640K	$1.6M	75x	as long as short
Hyperliquid XMR	+0.0635%	1h	572.83	0.000%	$86.9M	$60.2M	5x	as long as short
Paradex XMR-USD-PERP	+0.0686%	8h	572.40	−0.074%	$8K	$2K	20x	as long as short
BloFin XMR-USDT	+0.0802%	8h	572.12	−0.124%	$2.7M	$10.0M	75x	as long as short
Nado XMR-PERP	+0.0818%	1h	572.86	+0.005%	$1.2M	$318K	10x	as long as short
Variational Omni XMR	+0.0830%	8h	572.53	−0.053%	$6.2M	$2.3M	—	as long as short
GRVT XMR_USDT_Perp	+0.0830%	8h	572.34	−0.085%	$342K	$630K	10x	as long as short
Backpack XMR_USDC_PERP	+0.0896%	1h	572.52	−0.054%	$155K	$422K	20x	as long as short
dYdX XMR-USD	+0.0898%	1h	571.99	−0.147%	$104K	$29K	5x	as long as short
SoDEX XMR-USDlong	+0.0981%	1h	572.83	long leg	$435K	$4K	5x
GMX XMR/USD [WBTC.b-USDC]	L +0.1077% / S −0.1372%	1h	571.68	−0.201%	$595K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1123%	8h	572.74	−0.016%	$40K	$434K	10x	as long as short
Gate XMR_USDTshort	+0.1220%	8h	572.74	−0.016%	$1.6M	$2.6M	50x
Aftermath Perps XMRUSD	+0.2096%	1h	572.35	−0.084%	$1K	$39K	10x	as long as short