Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0352%/8h= +38.5% APRpaid last 24h +0.073%

Price spread now: SoDEX against Binance+0.073%45s7-day average −0.002% · 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−$500.502% of the position

Long on Binance Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.322%+$32 on $10k

Price spread, last 3 days (all we have)−0.045%−$5 · spread now +0.073%, 7d avg −0.002%

Together, before fees+0.276%+$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and SoDEX is 0.075% dearer against Binance than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.002%. The two prices were read 45 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	Binance XMRUSDT	600.10	0.0325	pay 0.0325% / 8h	40m 24s	$54.9M	$164.2M	75x
Short	SoDEX XMR-USD	600.54	0.0677	get 0.0085% / 1h	40m 24s	$456K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Binance. 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 BinancebpFee SoDEXbpOrdersPrice spread, now +0.073%Rate

Funding earned: $73.91
Price spread: +0.073% → −0.002%: $7.47
Slippage, 4 orders: −$32.15
Fee Binance: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $31.24
Costs to cover: 0.502%
Break-even: 4.0 days

Slippage from Binance: live order book, 3 min ago; SoDEX: live order book, 38 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 Binance live order book, 3 min ago	1.67 bp	12.7 bp −$13	27.7 bp −$277	doesn't fit	doesn't fit
Sell SoDEX live order book, 38 min ago	0.08 bp	13.0 bp −$13	51.3 bp −$513	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	599.71	−0.065%	$45K	—	150x	as long as short
Lighter XMR	+0.0096%	1h	600.10	0.000%	$3.4M	$6.9M	10x	as long as short
Bybit XMRUSDT	+0.0100%	8h	600.35	+0.041%	$49.2M	$63.0M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	600.66	+0.093%	$1.1M	$667K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	599.93	−0.029%	$2K	$2.0M	20x	as long as short
Aevo XMR-PERP	+0.0160%	1h	599.96	−0.024%	$12K	—	3x	as long as short
Backpack XMR_USDC_PERP	+0.0275%	1h	599.84	−0.044%	$204K	$575K	20x	as long as short
Binance XMRUSDTlong	+0.0325%	8h	600.10	long leg	$54.9M	$164.2M	75x
MEXC XMR_USDT	+0.0325%	8h	599.90	−0.034%	$22.3M	$14.9M	100x	as long as short
Variational Omni XMR	+0.0406%	8h	602.08	+0.329%	$6.9M	$2.6M	—	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	+0.0408%	8h	600.27	+0.028%	—	$5.7M	—	as long as short
Bitget XMRUSDT	+0.0431%	8h	600.22	+0.019%	$10.0M	$14.3M	50x	as long as short
BloFin XMR-USDT	+0.0458%	8h	600.63	+0.088%	$2.8M	$11.7M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0459%	1h	599.44	−0.110%	$5.7M	$20.5M	50x	as long as short
Gate XMR_USDT	+0.0508%	8h	599.83	−0.046%	$1.7M	$4.6M	50x	as long as short
Pacifica XMR	+0.0565%	1h	600.42	+0.052%	$282K	$1.1M	10x	as long as short
KuCoin XMRUSDTM	+0.0573%	8h	599.99	−0.019%	$49.0M	$26.0M	50x	as long as short
Aster XMRUSDT	+0.0587%	8h	600.28	+0.029%	$685K	$2.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0604%	8h	600.62	+0.086%	$352K	$794K	10x	as long as short
Polymarket Perps XMR-USD	+0.0668%	1h	600.15	+0.008%	$23K	$1.8M	5x	as long as short
SoDEX XMR-USDshort	+0.0677%	1h	600.54	+0.073%	$456K	$3K	5x
Paradex XMR-USD-PERP	+0.0852%	8h	600.20	+0.016%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0888% / S −0.2517%	1h	599.67	−0.072%	$570K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0943%	8h	600.20	+0.016%	$44K	$729K	10x	as long as short
Nado XMR-PERP	+0.1118%	1h	600.16	+0.009%	$1.3M	$475K	10x	as long as short
Injective XMR/USDC PERP	+0.1312%	1h	596.76	−0.557%	$3K	$6K	12x	as long as short
Hyperliquid XMR	+0.1628%	1h	600.61	+0.084%	$90.5M	$70.4M	5x	as long as short
Extended XMR-USD	+0.1760%	1h	600.07	−0.006%	$3.2M	$6.9M	25x	as long as short
HTX XMR-USDT	+0.1992%	8h	599.55	−0.092%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2309%	1h	600.17	+0.011%	$2K	$47K	10x	as long as short
dYdX XMR-USD	+0.2663%	1h	599.72	−0.064%	$109K	$50K	5x	as long as short