Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.1266%/8h= −138.6% APRpaid last 24h +0.411%

Price spread now: HTX against SoDEX+0.028%7-day average −0.297% · 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−$69as in the Price arb table

costs, in and out, $10k−$1011.011% of the position

Long on SoDEX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+1.523%+$152 on $10k

Price spread, last 4 days (all we have)−0.915%−$92 · spread now +0.028%, 7d avg −0.297%

Together, before fees+0.607%+$61 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.325% dearer against SoDEX than usual: you sell high and buy low (spread +0.028% now, against its 7-day average of −0.297%): +$32 on $10k if it goes back. Holding the pair costs −$38 a day in funding at the current rate, which eats that in about 21 hours. Mind the row above: over the last 3 days funding on this pair paid +1.523%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XMR-USD	573.92	0.1366	pay 0.0171% / 1h	39m 59s	$436K	$3K	5x
Short	HTX XMR-USDT	574.08	0.0100	get 0.0100% / 8h	3h 39m	$1.1M	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$265.82
Price spread: +0.028% → −0.297%: $32.45
Slippage, 4 orders: −$81.1
Fee SoDEX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$334.46
Costs to cover: 1.011%
Break-even: never at this rate

Slippage from SoDEX: live order book, 14 min ago; HTX: live order book, 4 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, 14 min ago	0.09 bp	13.6 bp −$14	44.0 bp −$440	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	5.66 bp	45.1 bp −$45	doesn't fit	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 −0.0008%	1h	572.42	−0.262%	$50K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.504%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	574.25	+0.057%	$1.0M	$642K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	572.82	−0.192%	$2K	$1.9M	20x	as long as short
HTX XMR-USDTshort	+0.0100%	8h	574.08	+0.028%	$1.1M	$1.6M	20x
Aevo XMR-PERP	+0.0216%	1h	573.43	−0.085%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSD	+0.0226%	1h	572.77	−0.201%	$5.4M	$19.4M	50x	as long as short
KuCoin XMRUSDTM	+0.0352%	8h	573.10	−0.143%	$44.9M	$26.3M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0406%	1h	573.25	−0.117%	$169K	$532K	20x	as long as short
Gate XMR_USDT	+0.0479%	8h	573.35	−0.099%	$1.5M	$4.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX XMR-USDT	+0.0502%	8h	574.20	+0.049%	—	$5.6M	—	as long as short
Bitget XMRUSDT	+0.0511%	8h	573.95	+0.005%	$9.4M	$13.5M	50x	as long as short
Lighter XMR	+0.0528%	1h	573.78	−0.024%	$3.1M	$7.5M	10x	as long as short
MEXC XMR_USDT	+0.0531%	8h	573.98	+0.010%	$19.9M	$14.7M	100x	as long as short
Binance XMRUSDT	+0.0534%	8h	574.00	+0.014%	$52.5M	$163.3M	75x	as long as short
dYdX XMR-USD	+0.0538%	1h	571.86	−0.360%	$104K	$44K	5x	as long as short
Bybit XMRUSDT	+0.0558%	8h	573.89	−0.005%	$46.7M	$64.3M	75x	as long as short
Extended XMR-USD	+0.0656%	1h	573.81	−0.019%	$3.1M	$8.3M	25x	as long as short
Aster XMRUSDT	+0.0682%	8h	573.39	−0.092%	$636K	$2.3M	75x	as long as short
Pacifica XMR	+0.0682%	1h	573.52	−0.069%	$265K	$1.0M	10x	as long as short
Polymarket Perps XMR-USD	+0.0743%	1h	573.33	−0.103%	$28K	$2.2M	5x	as long as short
BloFin XMR-USDT	+0.0872%	8h	573.95	+0.005%	$2.7M	$11.2M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0917%	8h	574.35	+0.075%	$337K	$728K	10x	as long as short
Paradex XMR-USD-PERP	+0.0952%	8h	573.43	−0.085%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0988% / S −0.1254%	1h	572.46	−0.255%	$589K	—	100x	as long as short
Variational Omni XMR	+0.1087%	8h	573.46	−0.079%	$6.5M	$2.2M	—	as long as short
Orderly PERP_XMR_USDC	+0.1123%	8h	573.48	−0.077%	$40K	$735K	10x	as long as short
Nado XMR-PERP	+0.1138%	1h	573.53	−0.068%	$1.3M	$458K	10x	as long as short
Hyperliquid XMR	+0.1259%	1h	573.71	−0.037%	$86.2M	$71.3M	5x	as long as short
SoDEX XMR-USDlong	+0.1366%	1h	573.92	long leg	$436K	$3K	5x
Aftermath Perps XMRUSD	+0.1932%	1h	573.57	−0.061%	$1K	$44K	10x	as long as short