Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0861%/8h= −94.3% APRpaid last 24h −0.280%

Price spread now: edgeX against SoDEX−0.070%45s7-day average +0.004% · 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−$560.555% of the position

Long on SoDEX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.745%−$74 on $10k

Price spread, last 4 days (all we have)+0.085%+$9 · spread now −0.070%, 7d avg +0.004%

Together, before fees−0.660%+ Points / potential airdropedgeX: Active · farm board−$66 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and edgeX is 0.074% cheaper against SoDEX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.004%). Swap the legs. 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	SoDEX XMR-USD	575.32	0.0961	pay 0.0120% / 1h	25m 36s	$437K	$3K	5x
Short	edgeX XMRUSDC	574.92	0.0100	get 0.0050% / 4h	1h 25m	$1.0M	$582K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.070%Rate

Funding earned: −$180.88
Price spread: −0.070% → +0.004%: −$7.4
Slippage, 4 orders: −$38.53
Fee SoDEX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$243.82
Costs to cover: 0.555%
Break-even: never at this rate

Slippage from SoDEX: live order book, 18 min ago; edgeX: 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, 18 min ago	0.17 bp	13.1 bp −$13	41.7 bp −$417	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	10.17 bp	14.8 bp −$15	17.0 bp −$170	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 −0.0004%	1h	574.02	−0.226%	$32K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.257%	$3K	$3K	12x	as long as short
edgeX XMRUSDCshort	+0.0100%	4h	574.92	−0.070%	$1.0M	$582K	10x
SunX XMR-USDT	+0.0100%	8h	574.63	−0.120%	$2K	$1.5M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	574.85	−0.082%	$1.1M	$1.4M	20x	as long as short
Aevo XMR-PERP	+0.0240%	1h	575.19	−0.023%	$12K	—	3x	as long as short
Lighter XMR	+0.0296%	1h	575.73	+0.071%	$3.1M	$6.2M	10x	as long as short
Extended XMR-USD	+0.0320%	1h	575.82	+0.087%	$3.0M	$8.2M	25x	as long as short
KuCoin XMRUSDTM	+0.0321%	8h	575.50	+0.031%	$45.4M	$22.4M	50x	as long as short
Polymarket Perps XMR-USD	+0.0490%	1h	575.08	−0.042%	$20K	$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
Bitget XMRUSDT	+0.0600%	8h	576.03	+0.123%	$9.6M	$11.7M	50x	as long as short
BingX XMR-USDT	+0.0604%	8h	575.95	+0.110%	—	$5.4M	—	as long as short
dYdX XMR-USD	+0.0628%	1h	573.41	−0.333%	$104K	$43K	5x	as long as short
Bybit XMRUSDT	+0.0631%	8h	576.09	+0.134%	$46.7M	$58.4M	75x	as long as short
Binance XMRUSDT	+0.0631%	8h	576.02	+0.122%	$52.4M	$132.8M	75x	as long as short
MEXC XMR_USDT	+0.0632%	8h	575.93	+0.106%	$20.1M	$14.5M	100x	as long as short
Kraken Futures PF_XMRUSD	+0.0633%	1h	574.11	−0.210%	$5.4M	$15.2M	50x	as long as short
Gate XMR_USDT	+0.0686%	8h	575.25	−0.012%	$1.6M	$3.3M	50x	as long as short
Aster XMRUSDT	+0.0790%	8h	574.88	−0.076%	$636K	$2.0M	75x	as long as short
Paradex XMR-USD-PERP	+0.0806%	8h	575.91	+0.103%	$8K	$3K	20x	as long as short
Hyperliquid XMR	+0.0813%	1h	575.63	+0.055%	$87.2M	$65.9M	5x	as long as short
SoDEX XMR-USDlong	+0.0961%	1h	575.32	long leg	$437K	$3K	5x
Backpack XMR_USDC_PERP	+0.0970%	1h	575.03	−0.050%	$174K	$492K	20x	as long as short
Nado XMR-PERP	+0.0980%	1h	575.84	+0.090%	$1.3M	$444K	10x	as long as short
GRVT XMR_USDT_Perp	+0.0985%	8h	574.91	−0.071%	$343K	$704K	10x	as long as short
Pacifica XMR	+0.1002%	1h	575.84	+0.091%	$265K	$906K	10x	as long as short
BloFin XMR-USDT	+0.1046%	8h	574.94	−0.066%	$2.7M	$10.7M	75x	as long as short
Variational Omni XMR	+0.1088%	8h	575.02	−0.051%	$6.2M	$2.4M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1144% / S −0.1518%	1h	573.49	−0.317%	$595K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1187%	8h	575.11	−0.037%	$40K	$588K	10x	as long as short
Aftermath Perps XMRUSD	+0.1912%	1h	575.06	−0.045%	$1K	$41K	10x	as long as short