Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1324%/8h= +145.0% APRpaid last 24h +0.266%

Price spread now: SoDEX against edgeX−0.070%75s7-day average −0.003% · 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—prices read too far apart to compare

costs, in and out, $10k−$560.560% of the position

Long on edgeX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.711%+$71 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.070%, 7d avg −0.003%

Together, before fees+0.746%+ Points / potential airdropedgeX: Active · farm board+$75 on $10k · with fees, hour by hour

Funding pays, the price is against you. SoDEX is 0.067% cheaper against edgeX than usual: you would sell low and buy high (spread −0.070% now, against its 7-day average of −0.003%). If the spread goes back, that is −$7 on $10k: about 4 hours of funding at the current rate (+$40 a day). The two prices were read 75 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	edgeX XMRUSDC	573.51	0.0100	pay 0.0050% / 4h	3h 16m	$1.0M	$644K	10x
Short	SoDEX XMR-USD	573.11	0.1424	get 0.0178% / 1h	16m 06s	$436K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against edgeX. 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 edgeXbpFee SoDEXbpOrdersPrice spread, now −0.070%Rate

Funding earned: $278.13
Price spread: −0.070% → −0.003%: −$6.73
Slippage, 4 orders: −$38.96
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $215.44
Costs to cover: 0.560%
Break-even: 1.6 days

Slippage from edgeX: live order book, 3 min ago; SoDEX: live order book, 37 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 edgeX live order book, 3 min ago	10.22 bp	14.7 bp −$15	15.5 bp −$155	doesn't fit	doesn't fit
Sell SoDEX live order book, 37 min ago	0.09 bp	12.9 bp −$13	48.4 bp −$484	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 −0.0003%	1h	571.53	−0.346%	$37K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.576%	$3K	$3K	12x	as long as short
edgeX XMRUSDClong	+0.0100%	4h	573.51	long leg	$1.0M	$644K	10x
SunX XMR-USDT	+0.0100%	8h	572.58	−0.163%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	572.86	−0.114%	$1.0M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0224%	1h	573.35	−0.028%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSD	+0.0226%	1h	571.79	−0.301%	$5.4M	$19.1M	50x	as long as short
KuCoin XMRUSDTM	+0.0307%	8h	572.11	−0.245%	$45.0M	$26.4M	50x	as long as short
Paradex XMR-USD-PERP	+0.0433%	8h	573.21	−0.053%	$8K	$4K	20x	as long as short
Bitget XMRUSDT	+0.0521%	8h	573.26	−0.044%	$9.4M	$13.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XMR_USDT	+0.0544%	8h	572.28	−0.215%	$1.5M	$4.5M	50x	as long as short
MEXC XMR_USDT	+0.0559%	8h	573.13	−0.067%	$19.8M	$14.7M	100x	as long as short
Binance XMRUSDT	+0.0563%	8h	573.12	−0.069%	$52.3M	$162.9M	75x	as long as short
BingX XMR-USDT	+0.0600%	8h	573.21	−0.053%	—	$5.6M	—	as long as short
Lighter XMR	+0.0616%	1h	572.85	−0.116%	$3.1M	$7.5M	10x	as long as short
Backpack XMR_USDC_PERP	+0.0633%	1h	572.40	−0.194%	$169K	$532K	20x	as long as short
Bybit XMRUSDT	+0.0642%	8h	572.89	−0.109%	$46.7M	$64.3M	75x	as long as short
Pacifica XMR	+0.0682%	1h	573.04	−0.083%	$265K	$1.0M	10x	as long as short
Extended XMR-USD	+0.0704%	1h	572.90	−0.107%	$3.1M	$8.3M	25x	as long as short
Aster XMRUSDT	+0.0712%	8h	572.42	−0.191%	$639K	$2.3M	75x	as long as short
Polymarket Perps XMR-USD	+0.0747%	1h	572.76	−0.131%	$29K	$2.2M	5x	as long as short
BloFin XMR-USDT	+0.0920%	8h	573.32	−0.034%	$2.7M	$11.2M	75x	as long as short
dYdX XMR-USD	+0.0941%	1h	571.65	−0.325%	$104K	$44K	5x	as long as short
GRVT XMR_USDT_Perp	+0.0962%	8h	573.47	−0.008%	$339K	$739K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0989% / S −0.1217%	1h	571.59	−0.336%	$595K	—	100x	as long as short
Nado XMR-PERP	+0.1115%	1h	573.09	−0.073%	$1.3M	$457K	10x	as long as short
Variational Omni XMR	+0.1135%	8h	573.72	+0.036%	$6.3M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1142%	8h	572.78	−0.128%	$40K	$735K	10x	as long as short
Hyperliquid XMR	+0.1250%	1h	572.86	−0.114%	$86.3M	$71.2M	5x	as long as short
SoDEX XMR-USDshort	+0.1424%	1h	573.11	−0.070%	$436K	$3K	5x
Aftermath Perps XMRUSD	+0.1913%	1h	572.93	−0.102%	$1K	$44K	10x	as long as short