Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0867%/8h= +95.0% APRpaid last 24h +0.222%

Price spread now: Variational Omni against edgeX−0.393%74s7-day average −0.012% · you buy dearer than you sell

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

Long on edgeX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.514%+$51 on $10k

Price spread, last 4 days (all we have)+0.298%+$30 · spread now −0.393%, 7d avg −0.012%

Together, before fees+0.811%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board+$81 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.382% cheaper against edgeX than usual: you would sell low and buy high (spread −0.393% now, against its 7-day average of −0.012%). If the spread goes back, that is −$38 on $10k: about 35 hours of funding at the current rate (+$26 a day). The two prices were read 74 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	edgeX XMRUSDC	591.30	0.0100	pay 0.0050% / 4h	2h 46m	$1.1M	$664K	10x
Short	Variational Omni XMR	588.98	0.0967	get 0.0967% / 8h	6h 46m	$6.7M	$2.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against edgeX. 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 edgeXbpFee Variational OmnibpOrdersPrice spread, now −0.393%Rate

Funding earned: $182.11
Price spread: −0.393% → −0.012%: −$38.17
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $134.94
Costs to cover: 0.090%
Break-even: 1.8 days

Slippage unknown: edgeX: live order book, 3 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 edgeX live order book, 3 min ago	10.41 bp	15.0 bp −$15	16.7 bp −$167	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	3.98 bp	doesn't fit	29.3 bp −$293	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	588.41	−0.489%	$34K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+0.923%	$3K	$4K	12x	as long as short
edgeX XMRUSDClong	+0.0100%	4h	591.30	long leg	$1.1M	$664K	10x
SunX XMR-USDT	+0.0100%	8h	588.16	−0.532%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	589.46	−0.312%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0200%	1h	589.43	−0.318%	$12K	—	3x	as long as short
Binance XMRUSDT	+0.0469%	8h	589.71	−0.270%	$53.9M	$167.7M	75x	as long as short
MEXC XMR_USDT	+0.0470%	8h	589.50	−0.305%	$21.2M	$15.2M	100x	as long as short
Bitget XMRUSDT	+0.0578%	8h	588.72	−0.437%	$9.7M	$14.4M	50x	as long as short
Gate XMR_USDT	+0.0580%	8h	589.00	−0.390%	$1.6M	$4.6M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XMRUSDT	+0.0654%	8h	588.62	−0.454%	$654K	$2.5M	75x	as long as short
BloFin XMR-USDT	+0.0679%	8h	591.31	+0.001%	$2.7M	$11.6M	75x	as long as short
dYdX XMR-USD	+0.0691%	1h	587.40	−0.660%	$106K	$50K	5x	as long as short
KuCoin XMRUSDTM	+0.0735%	8h	589.10	−0.373%	$48.2M	$26.1M	50x	as long as short
Pacifica XMR	+0.0821%	1h	588.84	−0.416%	$271K	$1.1M	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0918% / S −0.1124%	1h	588.06	−0.549%	$665K	—	100x	as long as short
Variational Omni XMRshort	+0.0967%	8h	588.98	−0.393%	$6.7M	$2.7M	—
Backpack XMR_USDC_PERP	+0.0973%	1h	589.06	−0.380%	$184K	$535K	20x	as long as short
BingX XMR-USDT	+0.0990%	8h	589.59	−0.290%	—	$5.8M	—	as long as short
Bybit XMRUSDT	+0.1000%	8h	590.10	−0.204%	$47.5M	$65.0M	75x	as long as short
GRVT XMR_USDT_Perp	+0.1020%	8h	591.46	+0.026%	$351K	$789K	10x	as long as short
Polymarket Perps XMR-USD	+0.1022%	1h	589.01	−0.388%	$51K	$1.9M	5x	as long as short
Orderly PERP_XMR_USDC	+0.1048%	8h	589.35	−0.331%	$42K	$735K	10x	as long as short
Lighter XMR	+0.1056%	1h	589.29	−0.341%	$3.3M	$7.2M	10x	as long as short
Paradex XMR-USD-PERP	+0.1252%	8h	588.53	−0.469%	$8K	$4K	20x	as long as short
Kraken Futures PF_XMRUSD	+0.1298%	1h	588.64	−0.451%	$5.6M	$20.5M	50x	as long as short
Nado XMR-PERP	+0.1428%	1h	589.04	−0.383%	$1.3M	$464K	10x	as long as short
SoDEX XMR-USD	+0.1494%	1h	589.65	−0.280%	$448K	$3K	5x	as long as short
Hyperliquid XMR	+0.1687%	1h	589.49	−0.307%	$89.4M	$73.1M	5x	as long as short
Extended XMR-USD	+0.2168%	1h	589.69	−0.272%	$3.2M	$8.2M	25x	as long as short
Aftermath Perps XMRUSD	+0.2646%	1h	589.14	−0.366%	$1K	$46K	10x	as long as short