Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0302%/8h= −33.1% APRpaid last 24h −0.067%

Price spread now: BingX against SoDEX+0.008%7-day average +0.015% · 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−$59as in the Price arb table

costs, in and out, $10k−$580.580% of the position

Long on SoDEX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.321%−$32 on $10k

Price spread, last 3 days (all we have)−0.037%−$4 · spread now +0.008%, 7d avg +0.015%

Together, before fees−0.358%−$36 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: −$9 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XMR-USD	600.71	0.0710	pay 0.0089% / 1h	42m 19s	$457K	$3K	5x
Short	BingX XMR-USDT	600.76	0.0408	get 0.0408% / 8h	42m 19s	—	$5.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$63.51
Price spread: +0.008% → +0.015%: −$0.65
Slippage, 4 orders: −$39.97
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$122.13
Costs to cover: 0.580%
Break-even: never at this rate

Slippage from SoDEX: live order book, 36 min ago; BingX: live order book, 8 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, 36 min ago	0.08 bp	13.2 bp −$13	42.4 bp −$424	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	3.57 bp	15.6 bp −$16	33.2 bp −$332	84.3 bp −$8,429	652.4 bp −$326.2K

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	599.83	−0.147%	$45K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	600.88	+0.028%	$49.2M	$62.9M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	600.66	−0.008%	$1.1M	$667K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	599.63	−0.180%	$2K	$2.0M	20x	as long as short
Lighter XMR	+0.0112%	1h	600.32	−0.065%	$3.4M	$6.9M	10x	as long as short
Aevo XMR-PERP	+0.0160%	1h	600.04	−0.112%	$12K	—	3x	as long as short
Backpack XMR_USDC_PERP	+0.0304%	1h	599.86	−0.141%	$204K	$575K	20x	as long as short
Binance XMRUSDT	+0.0326%	8h	600.60	−0.018%	$55.0M	$164.2M	75x	as long as short
MEXC XMR_USDT	+0.0326%	8h	600.62	−0.015%	$22.4M	$14.9M	100x	as long as short
Variational Omni XMR	+0.0406%	8h	602.08	+0.228%	$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-USDTshort	+0.0408%	8h	600.76	+0.008%	—	$5.7M	—
Bitget XMRUSDT	+0.0430%	8h	600.85	+0.023%	$10.0M	$14.3M	50x	as long as short
BloFin XMR-USDT	+0.0458%	8h	600.40	−0.052%	$2.8M	$11.7M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0458%	1h	599.57	−0.191%	$5.7M	$20.5M	50x	as long as short
Gate XMR_USDT	+0.0512%	8h	600.14	−0.095%	$1.7M	$4.6M	50x	as long as short
Pacifica XMR	+0.0565%	1h	600.51	−0.033%	$282K	$1.1M	10x	as long as short
KuCoin XMRUSDTM	+0.0572%	8h	600.32	−0.065%	$49.0M	$26.0M	50x	as long as short
Aster XMRUSDT	+0.0589%	8h	600.69	−0.003%	$692K	$2.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0604%	8h	600.70	−0.001%	$352K	$794K	10x	as long as short
Polymarket Perps XMR-USD	+0.0699%	1h	600.87	+0.027%	$23K	$1.8M	5x	as long as short
SoDEX XMR-USDlong	+0.0710%	1h	600.71	long leg	$457K	$3K	5x
Paradex XMR-USD-PERP	+0.0858%	8h	600.45	−0.043%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0888% / S −0.2517%	1h	599.77	−0.156%	$570K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0942%	8h	600.37	−0.057%	$44K	$729K	10x	as long as short
Nado XMR-PERP	+0.1139%	1h	600.35	−0.060%	$1.3M	$475K	10x	as long as short
Injective XMR/USDC PERP	+0.1312%	1h	596.76	−0.658%	$3K	$6K	12x	as long as short
Hyperliquid XMR	+0.1646%	1h	601.37	+0.110%	$90.6M	$70.3M	5x	as long as short
Extended XMR-USD	+0.1760%	1h	600.61	−0.016%	$3.2M	$6.9M	25x	as long as short
HTX XMR-USDT	+0.1990%	8h	600.03	−0.113%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2322%	1h	600.78	+0.012%	$2K	$47K	10x	as long as short
dYdX XMR-USD	+0.2654%	1h	599.72	−0.164%	$109K	$50K	5x	as long as short