Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1037%/8h= +113.5% APRpaid last 24h +0.090%

Price spread now: SoDEX against Binance+0.025%7-day average −0.002% · 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−$49as in the Price arb table

costs, in and out, $10k−$520.517% of the position

Long on Binance Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.322%+$32 on $10k

Price spread, last 3 days (all we have)+0.002%$0 · spread now +0.025%, 7d avg −0.002%

Together, before fees+0.324%+$32 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$31 a day on $10k at the current rate, and SoDEX is 0.027% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.002%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.322% in total (about 37.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XMRUSDT	590.29	0.0388	pay 0.0388% / 8h	7h 50m	$54.0M	$166.5M	75x
Short	SoDEX XMR-USD	590.44	0.1425	get 0.0178% / 1h	50m 55s	$449K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Binance. 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 BinancebpFee SoDEXbpOrdersPrice spread, now +0.025%Rate

Funding earned: $217.75
Price spread: +0.025% → −0.002%: $2.74
Slippage, 4 orders: −$33.65
Fee Binance: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $168.84
Costs to cover: 0.517%
Break-even: 1.6 days

Slippage from Binance: live order book, 7 min ago; SoDEX: live order book, 23 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 Binance live order book, 7 min ago	0.17 bp	12.3 bp −$12	23.6 bp −$236	doesn't fit	doesn't fit
Sell SoDEX live order book, 23 min ago	0.42 bp	13.4 bp −$13	45.8 bp −$458	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	589.19	−0.187%	$45K	—	150x	as long as short
dYdX XMR-USD	+0.0023%	1h	589.21	−0.184%	$107K	$50K	5x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.096%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	592.61	+0.392%	$1.1M	$658K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	589.95	−0.058%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	590.00	−0.049%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0176%	1h	590.45	+0.027%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0384%	8h	590.30	+0.002%	$21.5M	$15.1M	100x	as long as short
Binance XMRUSDTlong	+0.0388%	8h	590.29	long leg	$54.0M	$166.5M	75x
Bitget XMRUSDT	+0.0491%	8h	590.37	+0.014%	$9.7M	$14.6M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin XMR-USDT	+0.0560%	8h	590.60	+0.053%	$2.7M	$11.6M	75x	as long as short
Aster XMRUSDT	+0.0619%	8h	590.22	−0.012%	$641K	$2.5M	75x	as long as short
KuCoin XMRUSDTM	+0.0626%	8h	589.92	−0.063%	$48.2M	$26.2M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0645%	1h	589.26	−0.174%	$5.6M	$20.6M	50x	as long as short
Pacifica XMR	+0.0659%	1h	590.92	+0.107%	$275K	$1.1M	10x	as long as short
Variational Omni XMR	+0.0711%	8h	590.83	+0.092%	$6.8M	$2.6M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0870% / S −0.2452%	1h	589.13	−0.197%	$548K	—	100x	as long as short
Backpack XMR_USDC_PERP	+0.0895%	1h	589.72	−0.097%	$200K	$555K	20x	as long as short
Orderly PERP_XMR_USDC	+0.0998%	8h	590.50	+0.036%	$42K	$734K	10x	as long as short
Paradex XMR-USD-PERP	+0.1023%	8h	590.50	+0.036%	$8K	$4K	20x	as long as short
Gate XMR_USDT	+0.1054%	8h	590.15	−0.024%	$1.7M	$4.6M	50x	as long as short
Lighter XMR	+0.1320%	1h	590.34	+0.009%	$3.3M	$7.1M	10x	as long as short
SoDEX XMR-USDshort	+0.1425%	1h	590.44	+0.025%	$449K	$3K	5x
Nado XMR-PERP	+0.1477%	1h	590.84	+0.094%	$1.3M	$470K	10x	as long as short
Polymarket Perps XMR-USD	+0.1538%	1h	590.54	+0.042%	$49K	$2.0M	5x	as long as short
BingX XMR-USDT	+0.1630%	8h	590.47	+0.030%	—	$5.8M	—	as long as short
GRVT XMR_USDT_Perp	+0.1732%	8h	592.18	+0.320%	$347K	$795K	10x	as long as short
Bybit XMRUSDT	+0.1749%	8h	590.66	+0.063%	$47.9M	$64.6M	75x	as long as short
Extended XMR-USD	+0.2296%	1h	590.21	−0.013%	$3.2M	$7.1M	25x	as long as short
Hyperliquid XMR	+0.2354%	1h	590.29	+0.001%	$89.2M	$72.6M	5x	as long as short
Aftermath Perps XMRUSD	+0.2475%	1h	590.67	+0.064%	$2K	$46K	10x	as long as short