Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0333%/8h= −36.5% APRpaid last 24h −0.070%

Price spread now: GRVT against SoDEX+0.019%74s7-day average −0.010% · 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−$2832.829% of the position

Long on SoDEX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.175%−$17 on $10k

Price spread, last 4 days (all we have)−0.230%−$23 · spread now +0.019%, 7d avg −0.010%

Together, before fees−0.404%+ Points / potential airdropGRVT: Active · farm board−$40 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.029% dearer against SoDEX than usual: you sell high and buy low (spread +0.019% now, against its 7-day average of −0.010%): +$3 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 7 hours. The two prices were read 74 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	583.54	0.1329	pay 0.0166% / 1h	32m 18s	$443K	$3K	5x
Short	GRVT XMR_USDT_Perp	583.65	0.0996	get 0.0996% / 8h	5h 32m	$345K	$766K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$69.97
Price spread: +0.019% → −0.010%: $2.85
Slippage, 4 orders: −$265.87
Fee SoDEX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$349.99
Costs to cover: 2.829%
Break-even: never at this rate

Slippage from SoDEX: live order book, 31 min ago; GRVT: live order book, 31 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, 31 min ago	0.09 bp	12.7 bp −$13	49.0 bp −$490	doesn't fit	doesn't fit
Sell GRVT live order book, 31 min ago	1.53 bp	8.9 bp −$9	doesn't fit	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 −0.0010%	1h	582.33	−0.208%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	−0.170%	$3K	$6K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	583.16	−0.065%	$1.0M	$658K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	582.81	−0.125%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	582.76	−0.134%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	583.29	−0.042%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0335%	1h	582.27	−0.217%	$105K	$50K	5x	as long as short
Polymarket Perps XMR-USD	+0.0465%	1h	583.27	−0.046%	$31K	$2.1M	5x	as long as short
MEXC XMR_USDT	+0.0518%	8h	583.62	+0.014%	$20.6M	$15.2M	100x	as long as short
Binance XMRUSDT	+0.0520%	8h	583.52	−0.003%	$53.1M	$166.8M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XMR	+0.0568%	1h	583.27	−0.046%	$3.3M	$7.1M	10x	as long as short
Gate XMR_USDT	+0.0580%	8h	583.29	−0.043%	$1.6M	$4.5M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0599%	1h	583.02	−0.089%	$171K	$539K	20x	as long as short
Bitget XMRUSDT	+0.0610%	8h	583.72	+0.031%	$9.6M	$14.2M	50x	as long as short
BingX XMR-USDT	+0.0612%	8h	583.21	−0.057%	—	$5.7M	—	as long as short
Bybit XMRUSDT	+0.0635%	8h	583.60	+0.010%	$47.4M	$64.4M	75x	as long as short
Aster XMRUSDT	+0.0713%	8h	583.34	−0.034%	$649K	$2.4M	75x	as long as short
KuCoin XMRUSDTM	+0.0774%	8h	583.22	−0.055%	$48.0M	$26.1M	50x	as long as short
BloFin XMR-USDT	+0.0793%	8h	583.85	+0.053%	$2.7M	$11.4M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0959%	1h	581.77	−0.303%	$5.5M	$19.6M	50x	as long as short
Paradex XMR-USD-PERP	+0.0984%	8h	583.54	0.000%	$8K	$4K	20x	as long as short
Nado XMR-PERP	+0.0986%	1h	583.77	+0.040%	$1.3M	$463K	10x	as long as short
GRVT XMR_USDT_Perpshort	+0.0996%	8h	583.65	+0.019%	$345K	$766K	10x
Pacifica XMR	+0.0996%	1h	583.58	+0.007%	$265K	$1.1M	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1021% / S −0.1362%	1h	582.21	−0.227%	$649K	—	100x	as long as short
Variational Omni XMR	+0.1083%	8h	582.84	−0.120%	$6.6M	$2.4M	—	as long as short
Orderly PERP_XMR_USDC	+0.1103%	8h	583.43	−0.019%	$42K	$736K	10x	as long as short
Hyperliquid XMR	+0.1145%	1h	583.54	0.000%	$87.7M	$71.6M	5x	as long as short
Extended XMR-USD	+0.1264%	1h	583.38	−0.028%	$3.1M	$8.0M	25x	as long as short
SoDEX XMR-USDlong	+0.1329%	1h	583.54	long leg	$443K	$3K	5x
Aftermath Perps XMRUSD	+0.2570%	1h	582.98	−0.096%	$2K	$46K	10x	as long as short