Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1329%/8h= −145.5% APRpaid last 24h −0.223%

Price spread now: SunX against SoDEX+0.122%7-day average −0.087% · 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−$62as in the Price arb table

costs, in and out, $10k−$830.829% of the position

Long on SoDEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.589%−$59 on $10k

Price spread, last 3 days (all we have)−0.245%−$25 · spread now +0.122%, 7d avg −0.087%

Together, before fees−0.834%−$83 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.209% dearer against SoDEX than usual: you sell high and buy low (spread +0.122% now, against its 7-day average of −0.087%): +$21 on $10k if it goes back. Holding the pair costs −$40 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 3 days (−0.589% in total) that is about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XMR-USD	591.35	0.1429	pay 0.0179% / 1h	33m 56s	$449K	$3K	5x
Short	SunX XMR-USDT	592.07	0.0100	get 0.0100% / 8h	7h 33m	$2K	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.122%Rate

Funding earned: −$279.01
Price spread: +0.122% → −0.087%: $20.9
Slippage, 4 orders: −$66.89
Fee SoDEX: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$341
Costs to cover: 0.829%
Break-even: never at this rate

Slippage from SoDEX: live order book, 40 min ago; SunX: 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, 40 min ago	0.42 bp	12.7 bp −$13	46.3 bp −$463	doesn't fit	doesn't fit
Sell SunX live order book, 2 min ago	13.42 bp	24.3 bp −$24	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 −0.0009%	1h	591.32	−0.005%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+0.915%	$3K	$4K	12x	as long as short
dYdX XMR-USD	+0.0073%	1h	590.84	−0.086%	$107K	$50K	5x	as long as short
edgeX XMRUSDC	+0.0100%	4h	592.20	+0.144%	$1.1M	$659K	10x	as long as short
SunX XMR-USDTshort	+0.0100%	8h	592.07	+0.122%	$2K	$2.0M	20x
HTX XMR-USDT	+0.0100%	8h	591.95	+0.101%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0184%	1h	591.80	+0.076%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0425%	8h	592.00	+0.110%	$21.5M	$15.2M	100x	as long as short
Binance XMRUSDT	+0.0426%	8h	591.79	+0.075%	$54.1M	$166.8M	75x	as long as short
Bitget XMRUSDT	+0.0526%	8h	592.03	+0.115%	$9.7M	$14.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin XMR-USDT	+0.0608%	8h	592.66	+0.222%	$2.8M	$11.7M	75x	as long as short
Aster XMRUSDT	+0.0637%	8h	591.62	+0.046%	$656K	$2.5M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0644%	1h	590.19	−0.196%	$5.6M	$20.5M	50x	as long as short
Pacifica XMR	+0.0659%	1h	592.86	+0.255%	$278K	$1.1M	10x	as long as short
KuCoin XMRUSDTM	+0.0681%	8h	591.60	+0.042%	$48.5M	$26.1M	50x	as long as short
Variational Omni XMR	+0.0813%	8h	593.30	+0.330%	$6.8M	$2.6M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0871% / S −0.2452%	1h	591.34	−0.002%	$550K	—	100x	as long as short
Backpack XMR_USDC_PERP	+0.0986%	1h	590.82	−0.090%	$200K	$526K	20x	as long as short
Gate XMR_USDT	+0.0996%	8h	591.48	+0.022%	$1.6M	$4.6M	50x	as long as short
Orderly PERP_XMR_USDC	+0.1031%	8h	591.89	+0.091%	$42K	$738K	10x	as long as short
Paradex XMR-USD-PERP	+0.1180%	8h	592.54	+0.202%	$8K	$4K	20x	as long as short
Lighter XMR	+0.1248%	1h	591.26	−0.015%	$3.3M	$7.1M	10x	as long as short
Polymarket Perps XMR-USD	+0.1310%	1h	592.60	+0.211%	$48K	$1.9M	5x	as long as short
GRVT XMR_USDT_Perp	+0.1340%	8h	593.01	+0.281%	$350K	$804K	10x	as long as short
Nado XMR-PERP	+0.1405%	1h	592.79	+0.244%	$1.3M	$467K	10x	as long as short
SoDEX XMR-USDlong	+0.1429%	1h	591.35	long leg	$449K	$3K	5x
BingX XMR-USDT	+0.1447%	8h	592.14	+0.134%	—	$5.8M	—	as long as short
Bybit XMRUSDT	+0.1467%	8h	592.48	+0.191%	$47.7M	$64.5M	75x	as long as short
Hyperliquid XMR	+0.2138%	1h	592.22	+0.147%	$89.8M	$72.5M	5x	as long as short
Extended XMR-USD	+0.2464%	1h	591.64	+0.048%	$3.2M	$7.9M	25x	as long as short
Aftermath Perps XMRUSD	+0.2565%	1h	592.12	+0.131%	$1K	$46K	10x	as long as short