Settings8H · net · $10k
Funding arb · Price arb /

XMR

all XMR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0246%/8h= −26.9% APRpaid last 24h −0.247%
Price spread now: Bybit against SoDEX−0.042%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$480.476% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.598%−$60 on $10k
Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.042%, 7d avg −0.006%
Together, before fees−0.555%−$55 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bybit is 0.036% cheaper against SoDEX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.006%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX XMR-USD576.230.0915pay 0.0114% / 1h45m 59s$438K$3K5x
ShortBybit XMRUSDT575.990.0669get 0.0669% / 8h1h 45m$46.8M$61.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
−$51.67
Price spread: −0.042% → −0.006%
−$3.58
Slippage, 4 orders
−$28.59
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$102.85
Costs to cover
0.476%
Break-even
never at this rate
Slippage from SoDEX: live order book, 63 min ago; Bybit: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX live order book, 63 min ago0.09 bp12.9 bp −$1346.3 bp −$463doesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago1.38 bp10.4 bp −$1022.2 bp −$222doesn't fitdoesn't fit

XMR on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) XMR/USDL +0.0010% / S −0.0004%1h575.21−0.178%$32K150xas long as short
Injective XMR/USDC PERP+0.0033%1h582.55+1.097%$3K$3K12xas long as short
edgeX XMRUSDC+0.0100%4h577.89+0.288%$1.0M$635K10xas long as short
SunX XMR-USDT+0.0100%8h575.44−0.137%$2K$1.7M20xas long as short
HTX XMR-USDT+0.0100%8h576.11−0.021%$1.1M$1.5M20xas long as short
Aevo XMR-PERP+0.0240%1h576.44+0.036%$12K3xas long as short
dYdX XMR-USD+0.0279%1h575.15−0.187%$104K$43K5xas long as short
KuCoin XMRUSDTM+0.0335%8h575.79−0.076%$45.4M$24.5M50xas long as short
Lighter XMR+0.0360%1h575.94−0.051%$3.1M$6.1M10xas long as short
Extended XMR-USD+0.0472%1h576.01−0.038%$3.0M$8.2M25xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps XMR-USD+0.0482%1h575.92−0.054%$23K$2.1M5xas long as short
Bitget XMRUSDT+0.0591%8h576.30+0.012%$9.5M$12.4M50xas long as short
Kraken Futures PF_XMRUSD+0.0631%1h575.26−0.169%$5.4M$17.3M50xas long as short
BingX XMR-USDT+0.0645%8h576.16−0.012%$5.5Mas long as short
MEXC XMR_USDT+0.0646%8h576.25+0.003%$20.1M$14.4M100xas long as short
Binance XMRUSDT+0.0647%8h576.09−0.025%$52.5M$145.6M75xas long as short
Bybit XMRUSDTshort+0.0669%8h575.99−0.042%$46.8M$61.5M75x
Gate XMR_USDT+0.0677%8h575.59−0.111%$1.5M$3.3M50xas long as short
Aster XMRUSDT+0.0804%8h576.05−0.031%$638K$2.0M75xas long as short
Hyperliquid XMR+0.0853%1h576.14−0.016%$87.1M$67.5M5xas long as short
Paradex XMR-USD-PERP+0.0858%8h576.10−0.023%$8K$3K20xas long as short
Backpack XMR_USDC_PERP+0.0862%1h575.69−0.094%$175K$531K20xas long as short
SoDEX XMR-USDlong+0.0915%1h576.23long leg$438K$3K5x
Pacifica XMR+0.1002%1h575.96−0.047%$265K$944K10xas long as short
GRVT XMR_USDT_Perp+0.1018%8h575.73−0.087%$335K$711K10xas long as short
Nado XMR-PERP+0.1040%1h575.98−0.043%$1.3M$445K10xas long as short
BloFin XMR-USDT+0.1063%8h576.43+0.035%$2.7M$11.0M75xas long as short
GMX XMR/USD [WBTC.b-USDC]L +0.1132% / S −0.1504%1h575.11−0.195%$603K100xas long as short
Variational Omni XMR+0.1147%8h575.44−0.137%$6.2M$2.4Mas long as short
Orderly PERP_XMR_USDC+0.1192%8h576.03−0.035%$40K$604K10xas long as short
Aftermath Perps XMRUSD+0.1970%1h576.09−0.024%$1K$42K10xas long as short