Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0696%/8h= −76.2% APRpaid last 24h +0.264%

Price spread now: HTX against SoDEX−0.096%7-day average −0.284% · 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−$87as in the Price arb table

costs, in and out, $10k−$1061.058% of the position

Long on SoDEX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+1.480%+$148 on $10k

Price spread, last 4 days (all we have)−0.661%−$66 · spread now −0.096%, 7d avg −0.284%

Together, before fees+0.818%+$82 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.187% dearer against SoDEX than usual: you sell high and buy low (spread −0.096% now, against its 7-day average of −0.284%): +$19 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 22 hours. Mind the row above: over the last 4 days funding on this pair paid +1.480%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XMR-USD	571.56	0.0796	pay 0.0100% / 1h	28m 11s	$434K	$4K	5x
Short	HTX XMR-USDT	571.01	0.0100	get 0.0100% / 8h	7h 28m	$1.1M	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.096%Rate

Funding earned: −$146.2
Price spread: −0.096% → −0.284%: $18.73
Slippage, 4 orders: −$85.82
Fee SoDEX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$233.3
Costs to cover: 1.058%
Break-even: never at this rate

Slippage from SoDEX: live order book, 5 min ago; HTX: live order book, 1 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, 5 min ago	0.17 bp	12.9 bp −$13	43.8 bp −$438	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	8.94 bp	31.5 bp −$32	299.5 bp −$2,995	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	570.47	−0.191%	$34K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.923%	$3K	$3K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	571.56	0.000%	$46.2M	$48.6M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	570.62	−0.165%	$1.0M	$539K	10x	as long as short
Polymarket Perps XMR-USD	+0.0100%	1h	570.56	−0.175%	$30K	$1.6M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	570.86	−0.122%	$2K	$1.2M	20x	as long as short
HTX XMR-USDTshort	+0.0100%	8h	571.01	−0.096%	$1.1M	$1.0M	20x
Gate XMR_USDT	+0.0144%	8h	571.11	−0.079%	$1.5M	$2.7M	50x	as long as short
Aevo XMR-PERP	+0.0200%	1h	571.32	−0.042%	$12K	—	3x	as long as short
Lighter XMR	+0.0264%	1h	571.47	−0.016%	$3.0M	$5.5M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XMRUSDTM	+0.0352%	8h	571.12	−0.077%	$45.2M	$17.4M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0372%	1h	570.65	−0.160%	$5.4M	$8.7M	50x	as long as short
Extended XMR-USD	+0.0376%	1h	571.44	−0.021%	$3.0M	$7.4M	25x	as long as short
GRVT XMR_USDT_Perp	+0.0414%	8h	570.47	−0.191%	$334K	$622K	10x	as long as short
Hyperliquid XMR	+0.0437%	1h	571.26	−0.052%	$86.6M	$58.1M	5x	as long as short
Binance XMRUSDT	+0.0464%	8h	571.84	+0.050%	$52.2M	$102.4M	75x	as long as short
MEXC XMR_USDT	+0.0464%	8h	571.84	+0.049%	$19.9M	$9.7M	100x	as long as short
BingX XMR-USDT	+0.0525%	8h	572.66	+0.192%	—	$5.2M	—	as long as short
Bitget XMRUSDT	+0.0545%	8h	571.78	+0.038%	$9.2M	$10.1M	50x	as long as short
Pacifica XMR	+0.0550%	1h	571.70	+0.024%	$268K	$745K	10x	as long as short
Aster XMRUSDT	+0.0582%	8h	571.28	−0.050%	$653K	$1.6M	75x	as long as short
Paradex XMR-USD-PERP	+0.0594%	8h	571.92	+0.063%	$8K	$2K	20x	as long as short
Variational Omni XMR	+0.0773%	8h	570.58	−0.171%	$6.2M	$2.3M	—	as long as short
BloFin XMR-USDT	+0.0784%	8h	571.54	−0.003%	$2.7M	$9.8M	75x	as long as short
SoDEX XMR-USDlong	+0.0796%	1h	571.56	long leg	$434K	$4K	5x
Nado XMR-PERP	+0.0941%	1h	571.36	−0.035%	$1.2M	$309K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1032% / S −0.1284%	1h	570.53	−0.181%	$594K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1083%	8h	571.46	−0.017%	$40K	$414K	10x	as long as short
Backpack XMR_USDC_PERP	+0.1233%	1h	571.23	−0.058%	$128K	$421K	20x	as long as short
dYdX XMR-USD	+0.1645%	1h	570.73	−0.145%	$103K	$28K	5x	as long as short
Aftermath Perps XMRUSD	+0.1986%	1h	571.47	−0.016%	$1K	$38K	10x	as long as short