Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h +0.131%

Price spread now: Orderly against SoDEX−0.075%7-day average −0.024% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.337%+$34 on $10k

Price spread, last 3 days (all we have)+0.011%+$1 · spread now −0.075%, 7d avg −0.024%

Together, before fees+0.348%+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. Orderly is 0.051% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.075% now, against its 7-day average of −0.024%). If the spread goes back, that is −$5 on $10k: about 17 days of funding at the current rate ($0 a day). At the pace of the last 3 days (+0.337% in total) that is about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XMR-USD	597.84	0.0925	pay 0.0116% / 1h	27m 02s	$454K	$3K	5x
Short	Orderly PERP_XMR_USDC	597.39	0.0935	get 0.0935% / 8h	1h 27m	$45K	$727K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.075%Rate

Funding earned: $2.15
Price spread: −0.075% → −0.024%: −$5.11
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$16.96
Costs to cover: 0.140%
Break-even: 62.3 days

Slippage unknown: SoDEX: live order book, 57 min ago; Orderly: no order-book sample. Net counts fees only.

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, 57 min ago	1.34 bp	13.1 bp −$13	42.7 bp −$427	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	596.60	−0.207%	$44K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	597.91	+0.012%	$48.4M	$61.5M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	597.16	−0.113%	$1.1M	$663K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	596.68	−0.194%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0160%	1h	596.35	−0.249%	$12K	—	3x	as long as short
Variational Omni XMR	+0.0269%	8h	595.77	−0.346%	$6.9M	$2.6M	—	as long as short
MEXC XMR_USDT	+0.0327%	8h	597.85	+0.002%	$22.4M	$15.0M	100x	as long as short
Binance XMRUSDT	+0.0332%	8h	597.80	−0.007%	$54.9M	$163.0M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0381%	1h	597.16	−0.115%	$5.7M	$20.4M	50x	as long as short
Pacifica XMR	+0.0387%	1h	597.16	−0.114%	$271K	$1.0M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX XMR-USDT	+0.0388%	8h	598.15	+0.052%	—	$5.7M	—	as long as short
Bitget XMRUSDT	+0.0409%	8h	598.20	+0.060%	$10.0M	$14.2M	50x	as long as short
BloFin XMR-USDT	+0.0464%	8h	597.94	+0.017%	$2.8M	$11.5M	75x	as long as short
Gate XMR_USDT	+0.0533%	8h	597.00	−0.141%	$1.7M	$4.6M	50x	as long as short
KuCoin XMRUSDTM	+0.0536%	8h	596.75	−0.182%	$48.7M	$25.9M	50x	as long as short
Aster XMRUSDT	+0.0541%	8h	597.62	−0.037%	$679K	$2.3M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0606%	8h	597.76	−0.013%	$355K	$785K	10x	as long as short
Lighter XMR	+0.0640%	1h	597.60	−0.040%	$3.4M	$6.9M	10x	as long as short
Injective XMR/USDC PERP	+0.0695%	1h	596.76	−0.181%	$3K	$6K	12x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0809% / S −0.1288%	1h	596.64	−0.201%	$331K	—	100x	as long as short
Polymarket Perps XMR-USD	+0.0865%	1h	597.67	−0.028%	$23K	$1.8M	5x	as long as short
Paradex XMR-USD-PERP	+0.0869%	8h	596.97	−0.146%	$8K	$4K	20x	as long as short
SoDEX XMR-USDlong	+0.0925%	1h	597.84	long leg	$454K	$3K	5x
Orderly PERP_XMR_USDCshort	+0.0935%	8h	597.39	−0.075%	$45K	$727K	10x
Backpack XMR_USDC_PERP	+0.0944%	1h	597.66	−0.030%	$204K	$575K	20x	as long as short
Nado XMR-PERP	+0.1427%	1h	597.30	−0.090%	$1.3M	$482K	10x	as long as short
dYdX XMR-USD	+0.1638%	1h	595.88	−0.328%	$108K	$50K	5x	as long as short
Extended XMR-USD	+0.1872%	1h	597.69	−0.025%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.2006%	1h	598.65	+0.135%	$89.1M	$68.7M	5x	as long as short
HTX XMR-USDT	+0.2022%	8h	594.96	−0.482%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2470%	1h	596.39	−0.242%	$2K	$47K	10x	as long as short