Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0359%/8h= +39.3% APRpaid last 24h +0.067%

Price spread now: SoDEX against BingX−0.029%7-day average −0.015% · 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−$54as in the Price arb table

costs, in and out, $10k−$520.523% of the position

Long on BingX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.312%+$31 on $10k

Price spread, last 3 days (all we have)+0.082%+$8 · spread now −0.029%, 7d avg −0.015%

Together, before fees+0.394%+$39 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX XMR-USDT	595.23	0.0375	pay 0.0375% / 8h	1h 44m	—	$5.8M	—
Short	SoDEX XMR-USD	595.06	0.0734	get 0.0092% / 1h	44m 34s	$452K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against BingX. 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 BingXbpFee SoDEXbpOrdersPrice spread, now −0.029%Rate

Funding earned: $75.31
Price spread: −0.029% → −0.015%: −$1.32
Slippage, 4 orders: −$34.28
Fee BingX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $21.71
Costs to cover: 0.523%
Break-even: 5.0 days

Slippage from BingX: live order book, 6 min ago; SoDEX: live order book, 39 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 BingX live order book, 6 min ago	0.59 bp	12.6 bp −$13	21.7 bp −$217	114.7 bp −$11.5K	789.3 bp −$394.6K
Sell SoDEX live order book, 39 min ago	1.34 bp	14.3 bp −$14	46.5 bp −$465	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	595.27	+0.007%	$44K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	595.23	0.000%	$48.1M	$61.4M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	596.83	+0.269%	$1.1M	$667K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	595.63	+0.067%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0168%	1h	595.66	+0.072%	$12K	—	3x	as long as short
Variational Omni XMR	+0.0246%	8h	597.79	+0.430%	$6.9M	$2.7M	—	as long as short
Binance XMRUSDT	+0.0330%	8h	595.45	+0.038%	$54.7M	$162.8M	75x	as long as short
MEXC XMR_USDT	+0.0333%	8h	595.56	+0.055%	$22.3M	$15.0M	100x	as long as short
BingX XMR-USDTlong	+0.0375%	8h	595.23	long leg	—	$5.8M	—
Kraken Futures PF_XMRUSD	+0.0383%	1h	593.95	−0.215%	$5.7M	$20.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica XMR	+0.0387%	1h	595.55	+0.054%	$270K	$1.0M	10x	as long as short
Bitget XMRUSDT	+0.0394%	8h	595.55	+0.054%	$9.9M	$14.2M	50x	as long as short
BloFin XMR-USDT	+0.0476%	8h	595.29	+0.010%	$2.8M	$11.4M	75x	as long as short
Gate XMR_USDT	+0.0477%	8h	594.84	−0.066%	$1.6M	$4.5M	50x	as long as short
Aster XMRUSDT	+0.0532%	8h	595.20	−0.005%	$670K	$2.3M	75x	as long as short
KuCoin XMRUSDTM	+0.0559%	8h	595.10	−0.022%	$48.6M	$25.8M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0600%	8h	597.98	+0.462%	$355K	$785K	10x	as long as short
Injective XMR/USDC PERP	+0.0695%	1h	591.89	−0.561%	$3K	$6K	12x	as long as short
Polymarket Perps XMR-USD	+0.0710%	1h	596.54	+0.220%	$23K	$1.8M	5x	as long as short
SoDEX XMR-USDshort	+0.0734%	1h	595.06	−0.029%	$452K	$3K	5x
Lighter XMR	+0.0816%	1h	595.30	+0.012%	$3.5M	$6.7M	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0822% / S −0.1341%	1h	595.35	+0.020%	$341K	—	100x	as long as short
Paradex XMR-USD-PERP	+0.0865%	8h	595.36	+0.022%	$8K	$4K	20x	as long as short
Orderly PERP_XMR_USDC	+0.0907%	8h	595.01	−0.037%	$48K	$719K	10x	as long as short
Backpack XMR_USDC_PERP	+0.0982%	1h	594.73	−0.084%	$202K	$575K	20x	as long as short
dYdX XMR-USD	+0.1361%	1h	594.45	−0.131%	$108K	$50K	5x	as long as short
Nado XMR-PERP	+0.1610%	1h	596.14	+0.153%	$1.3M	$479K	10x	as long as short
Extended XMR-USD	+0.1736%	1h	595.26	+0.005%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1819%	1h	596.16	+0.156%	$88.1M	$67.3M	5x	as long as short
HTX XMR-USDT	+0.2141%	8h	595.00	−0.039%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2455%	1h	596.46	+0.206%	$2K	$47K	10x	as long as short