Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0597%/8h= −65.3% APRpaid last 24h −0.100%

Price spread now: Variational Omni against SoDEX−0.473%7-day average −0.012% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.196%−$20 on $10k

Price spread, last 3 days (all we have)+0.159%+$16 · spread now −0.473%, 7d avg −0.012%

Together, before fees−0.037%+ Points / potential airdropVariational Omni: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Variational Omni is 0.460% cheaper against SoDEX than usual: you would sell low and buy high (−$46 if the spread goes back to its 7-day average of −0.012%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XMR-USD	589.28	0.0954	pay 0.0119% / 1h	31m 41s	$448K	$4K	5x
Short	Variational Omni XMR	586.49	0.0358	get 0.0358% / 8h	3h 31m	$7.0M	$3.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.473%Rate

Funding earned: −$125.31
Price spread: −0.473% → −0.012%: −$46.03
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$179.34
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SoDEX: live order book, 17 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

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, 17 min ago	0.34 bp	13.2 bp −$13	46.8 bp −$468	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	3.73 bp	doesn't fit	37.2 bp −$372	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 −0.0009%	1h	587.90	−0.234%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	554.47	−5.907%	$3K	$8K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	588.88	−0.068%	$47.1M	$60.3M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	586.45	−0.480%	$1.0M	$672K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	587.51	−0.300%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0176%	1h	591.80	+0.428%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSD	+0.0177%	1h	588.27	−0.172%	$5.5M	$20.4M	50x	as long as short
Gate XMR_USDT	+0.0333%	8h	588.77	−0.087%	$1.6M	$4.4M	50x	as long as short
Polymarket Perps XMR-USD	+0.0340%	1h	588.66	−0.105%	$40K	$1.7M	5x	as long as short
Variational Omni XMRshort	+0.0358%	8h	586.49	−0.473%	$7.0M	$3.1M	—

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XMR_USDT	+0.0381%	8h	589.14	−0.024%	$22.8M	$15.1M	100x	as long as short
Binance XMRUSDT	+0.0381%	8h	589.03	−0.042%	$54.3M	$161.5M	75x	as long as short
BingX XMR-USDT	+0.0409%	8h	589.52	+0.041%	—	$5.8M	—	as long as short
Bitget XMRUSDT	+0.0432%	8h	589.37	+0.015%	$9.8M	$14.0M	50x	as long as short
Pacifica XMR	+0.0435%	1h	589.00	−0.048%	$268K	$1.1M	10x	as long as short
BloFin XMR-USDT	+0.0499%	8h	586.35	−0.497%	$2.8M	$11.1M	75x	as long as short
KuCoin XMRUSDTM	+0.0581%	8h	589.14	−0.024%	$49.0M	$25.8M	50x	as long as short
Aster XMRUSDT	+0.0617%	8h	588.69	−0.101%	$666K	$2.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0641%	8h	586.66	−0.444%	$341K	$808K	10x	as long as short
Paradex XMR-USD-PERP	+0.0817%	8h	588.96	−0.054%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0833% / S −0.1321%	1h	587.75	−0.259%	$354K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0865%	8h	589.07	−0.036%	$48K	$736K	10x	as long as short
Backpack XMR_USDC_PERP	+0.0890%	1h	588.83	−0.076%	$169K	$530K	20x	as long as short
SoDEX XMR-USDlong	+0.0954%	1h	589.28	long leg	$448K	$4K	5x
Lighter XMR	+0.1008%	1h	589.33	+0.008%	$3.5M	$6.5M	10x	as long as short
Nado XMR-PERP	+0.1085%	1h	588.44	−0.142%	$1.3M	$476K	10x	as long as short
Extended XMR-USD	+0.1256%	1h	588.87	−0.070%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1974%	1h	590.25	+0.165%	$84.9M	$63.3M	5x	as long as short
Aftermath Perps XMRUSD	+0.2134%	1h	587.44	−0.312%	$2K	$47K	10x	as long as short
dYdX XMR-USD	+0.2203%	1h	587.57	−0.291%	$107K	$48K	5x	as long as short
HTX XMR-USDT	+0.2386%	8h	587.16	−0.360%	$1.1M	$1.4M	20x	as long as short