Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0964%/8h= −105.5% APRpaid last 24h −0.182%

Price spread now: edgeX against Variational Omni−0.139%7-day average −0.016% · you buy dearer than you sell

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

Long on Variational Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.474%−$47 on $10k

Price spread, last 7 days+0.102%+$10 · spread now −0.139%, 7d avg −0.016%

Together, before fees−0.372%+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm board−$37 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and edgeX is 0.123% cheaper against Variational Omni than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.016%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XMR	586.59	0.1064	pay 0.1064% / 8h	5h 07m	$6.7M	$2.4M	—
Short	edgeX XMRUSDC	585.77	0.0100	get 0.0050% / 4h	1h 07m	$1.0M	$655K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Variational Omni. 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 Variational OmnibpFee edgeXbpOrdersPrice spread, now −0.139%Rate

Funding earned: −$202.37
Price spread: −0.139% → −0.016%: −$12.29
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$223.65
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; edgeX: live order book, 1 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 Variational Omni RFQ quote, 2 min ago	3.73 bp	doesn't fit	13.4 bp −$134	doesn't fit	doesn't fit
Sell edgeX live order book, 1 min ago	10.54 bp	15.0 bp −$15	15.8 bp −$158	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 −0.0010%	1h	582.76	−0.652%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	−0.688%	$3K	$6K	12x	as long as short
edgeX XMRUSDCshort	+0.0100%	4h	585.77	−0.139%	$1.0M	$655K	10x
SunX XMR-USDT	+0.0100%	8h	582.80	−0.645%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	583.00	−0.611%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	583.52	−0.523%	$12K	—	3x	as long as short
Polymarket Perps XMR-USD	+0.0256%	1h	582.11	−0.763%	$25K	$2.1M	5x	as long as short
dYdX XMR-USD	+0.0260%	1h	581.81	−0.814%	$105K	$47K	5x	as long as short
Bybit XMRUSDT	+0.0492%	8h	583.66	−0.499%	$47.4M	$64.2M	75x	as long as short
Lighter XMR	+0.0496%	1h	582.20	−0.748%	$3.3M	$7.2M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XMR_USDT	+0.0504%	8h	582.41	−0.712%	$20.7M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0504%	8h	582.83	−0.641%	$53.1M	$165.6M	75x	as long as short
Gate XMR_USDT	+0.0532%	8h	583.28	−0.564%	$1.6M	$4.5M	50x	as long as short
BingX XMR-USDT	+0.0569%	8h	584.04	−0.434%	—	$5.7M	—	as long as short
Bitget XMRUSDT	+0.0594%	8h	583.64	−0.502%	$9.6M	$14.1M	50x	as long as short
KuCoin XMRUSDTM	+0.0672%	8h	582.05	−0.773%	$47.8M	$26.0M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0685%	1h	582.76	−0.652%	$171K	$537K	20x	as long as short
Aster XMRUSDT	+0.0713%	8h	582.08	−0.768%	$656K	$2.4M	75x	as long as short
BloFin XMR-USDT	+0.0778%	8h	584.75	−0.313%	$2.7M	$11.4M	75x	as long as short
Paradex XMR-USD-PERP	+0.0876%	8h	582.22	−0.744%	$8K	$4K	20x	as long as short
GRVT XMR_USDT_Perp	+0.0911%	8h	584.28	−0.393%	$339K	$764K	10x	as long as short
Kraken Futures PF_XMRUSD	+0.0959%	1h	581.66	−0.839%	$5.5M	$19.6M	50x	as long as short
Nado XMR-PERP	+0.0987%	1h	582.22	−0.744%	$1.3M	$463K	10x	as long as short
Pacifica XMR	+0.0996%	1h	582.19	−0.750%	$268K	$1.1M	10x	as long as short
Hyperliquid XMR	+0.1011%	1h	582.48	−0.700%	$87.8M	$71.1M	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1040% / S −0.1407%	1h	582.83	−0.640%	$648K	—	100x	as long as short
Extended XMR-USD	+0.1048%	1h	582.72	−0.658%	$3.1M	$8.0M	25x	as long as short
SoDEX XMR-USD	+0.1055%	1h	582.80	−0.645%	$443K	$3K	5x	as long as short
Variational Omni XMRlong	+0.1064%	8h	586.59	long leg	$6.7M	$2.4M	—
Orderly PERP_XMR_USDC	+0.1111%	8h	583.46	−0.533%	$41K	$720K	10x	as long as short
Aftermath Perps XMRUSD	+0.2440%	1h	584.34	−0.382%	$1K	$45K	10x	as long as short