Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0325%/8h= −35.6% APRpaid last 24h −0.247%

Price spread now: Bybit against SoDEX+0.028%7-day average −0.006% · 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−$45as in the Price arb table

costs, in and out, $10k−$490.488% of the position

Long on SoDEX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.598%−$60 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.028%, 7d avg −0.006%

Together, before fees−0.624%−$62 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.034% dearer against SoDEX than usual: you sell high and buy low (spread +0.028% now, against its 7-day average of −0.006%): +$3 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XMR-USD	575.10	0.0942	pay 0.0118% / 1h	20m 36s	$437K	$3K	5x
Short	Bybit XMRUSDT	575.26	0.0618	get 0.0618% / 8h	1h 20m	$46.7M	$57.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$68.2
Price spread: +0.028% → −0.006%: $3.37
Slippage, 4 orders: −$29.76
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$113.6
Costs to cover: 0.488%
Break-even: never at this rate

Slippage from SoDEX: live order book, 23 min ago; Bybit: live order book, 3 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, 23 min ago	0.17 bp	13.1 bp −$13	41.7 bp −$417	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.91 bp	10.9 bp −$11	24.7 bp −$247	84.9 bp −$8,493	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 −0.0004%	1h	574.21	−0.154%	$32K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.295%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	575.40	+0.053%	$1.0M	$583K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	574.29	−0.141%	$2K	$1.5M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	574.78	−0.056%	$1.1M	$1.4M	20x	as long as short
Aevo XMR-PERP	+0.0240%	1h	575.33	+0.040%	$12K	—	3x	as long as short
Lighter XMR	+0.0256%	1h	575.10	0.000%	$3.1M	$6.2M	10x	as long as short
Extended XMR-USD	+0.0280%	1h	575.28	+0.032%	$3.0M	$8.2M	25x	as long as short
KuCoin XMRUSDTM	+0.0322%	8h	574.94	−0.028%	$45.4M	$22.2M	50x	as long as short
Polymarket Perps XMR-USD	+0.0506%	1h	574.75	−0.061%	$24K	$2.0M	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX XMR-USD	+0.0550%	1h	574.01	−0.190%	$104K	$43K	5x	as long as short
Bitget XMRUSDT	+0.0592%	8h	575.40	+0.052%	$9.6M	$11.4M	50x	as long as short
BingX XMR-USDT	+0.0600%	8h	575.43	+0.057%	—	$5.4M	—	as long as short
Bybit XMRUSDTshort	+0.0618%	8h	575.26	+0.028%	$46.7M	$57.3M	75x
Binance XMRUSDT	+0.0623%	8h	575.23	+0.023%	$52.3M	$128.0M	75x	as long as short
MEXC XMR_USDT	+0.0625%	8h	575.34	+0.042%	$20.1M	$14.5M	100x	as long as short
Kraken Futures PF_XMRUSD	+0.0633%	1h	574.08	−0.177%	$5.4M	$14.6M	50x	as long as short
Gate XMR_USDT	+0.0681%	8h	574.54	−0.097%	$1.6M	$3.3M	50x	as long as short
Paradex XMR-USD-PERP	+0.0774%	8h	575.35	+0.043%	$8K	$3K	20x	as long as short
Aster XMRUSDT	+0.0787%	8h	574.84	−0.045%	$636K	$2.0M	75x	as long as short
Hyperliquid XMR	+0.0807%	1h	575.00	−0.018%	$87.1M	$63.8M	5x	as long as short
SoDEX XMR-USDlong	+0.0942%	1h	575.10	long leg	$437K	$3K	5x
Nado XMR-PERP	+0.0968%	1h	574.83	−0.048%	$1.3M	$443K	10x	as long as short
GRVT XMR_USDT_Perp	+0.0984%	8h	575.35	+0.043%	$334K	$665K	10x	as long as short
Backpack XMR_USDC_PERP	+0.0984%	1h	574.75	−0.061%	$175K	$490K	20x	as long as short
Pacifica XMR	+0.1002%	1h	575.21	+0.019%	$265K	$906K	10x	as long as short
BloFin XMR-USDT	+0.1005%	8h	575.41	+0.054%	$2.7M	$10.7M	75x	as long as short
Variational Omni XMR	+0.1077%	8h	574.67	−0.074%	$6.2M	$2.4M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1156% / S −0.1542%	1h	573.96	−0.198%	$595K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1184%	8h	574.76	−0.059%	$40K	$582K	10x	as long as short
Aftermath Perps XMRUSD	+0.1893%	1h	574.93	−0.030%	$1K	$41K	10x	as long as short