Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0402%/8h= −44.0% APRpaid last 24h −0.101%

Price spread now: Gate against SoDEX−0.069%7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$660.661% of the position

Long on SoDEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.131%−$13 on $10k

Price spread, last 4 days (all we have)−0.163%−$16 · spread now −0.069%, 7d avg −0.095%

Together, before fees−0.294%−$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.026% dearer against SoDEX than usual: you sell high and buy low (spread −0.069% now, against its 7-day average of −0.095%): +$3 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 3 days (−0.131% in total) that is about 16 hours.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.131% in total (about -14.0% 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	SoDEX XMR-USD	577.53	0.1085	pay 0.0136% / 1h	48m 34s	$439K	$3K	5x
Short	Gate XMR_USDT	577.13	0.0683	get 0.0683% / 8h	1h 48m	$1.5M	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.069%Rate

Funding earned: −$84.42
Price spread: −0.069% → −0.095%: $2.56
Slippage, 4 orders: −$43.14
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$148
Costs to cover: 0.661%
Break-even: never at this rate

Slippage from SoDEX: live order book, 60 min ago; Gate: live order book, 4 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 SoDEX live order book, 60 min ago	0.09 bp	12.9 bp −$13	46.3 bp −$463	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	5.66 bp	18.8 bp −$19	46.6 bp −$466	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 −0.0004%	1h	577.09	−0.077%	$33K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+0.869%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	574.86	−0.462%	$1.0M	$634K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	577.07	−0.080%	$2K	$1.7M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	576.99	−0.094%	$1.1M	$1.5M	20x	as long as short
dYdX XMR-USD	+0.0133%	1h	576.84	−0.120%	$104K	$43K	5x	as long as short
Aevo XMR-PERP	+0.0240%	1h	577.90	+0.064%	$12K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0336%	8h	576.78	−0.130%	$45.5M	$24.8M	50x	as long as short
Lighter XMR	+0.0408%	1h	577.21	−0.055%	$3.1M	$6.1M	10x	as long as short
Extended XMR-USD	+0.0520%	1h	577.39	−0.025%	$3.0M	$8.2M	25x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps XMR-USD	+0.0547%	1h	576.96	−0.099%	$23K	$2.1M	5x	as long as short
Bitget XMRUSDT	+0.0595%	8h	577.70	+0.029%	$9.5M	$12.4M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0630%	1h	576.53	−0.173%	$5.5M	$17.5M	50x	as long as short
MEXC XMR_USDT	+0.0646%	8h	577.34	−0.033%	$20.1M	$14.4M	100x	as long as short
Binance XMRUSDT	+0.0649%	8h	577.18	−0.060%	$52.6M	$146.4M	75x	as long as short
BingX XMR-USDT	+0.0656%	8h	577.49	−0.007%	—	$5.5M	—	as long as short
Bybit XMRUSDT	+0.0676%	8h	577.08	−0.078%	$46.9M	$61.6M	75x	as long as short
Gate XMR_USDTshort	+0.0683%	8h	577.13	−0.069%	$1.5M	$3.3M	50x
Aster XMRUSDT	+0.0810%	8h	577.37	−0.027%	$641K	$2.0M	75x	as long as short
Paradex XMR-USD-PERP	+0.0866%	8h	577.50	−0.006%	$8K	$3K	20x	as long as short
Backpack XMR_USDC_PERP	+0.0888%	1h	577.19	−0.059%	$175K	$531K	20x	as long as short
Hyperliquid XMR	+0.0905%	1h	577.13	−0.069%	$87.3M	$67.4M	5x	as long as short
Pacifica XMR	+0.1002%	1h	577.37	−0.028%	$266K	$944K	10x	as long as short
Nado XMR-PERP	+0.1009%	1h	575.23	−0.398%	$1.3M	$446K	10x	as long as short
GRVT XMR_USDT_Perp	+0.1018%	8h	575.73	−0.312%	$335K	$711K	10x	as long as short
BloFin XMR-USDT	+0.1062%	8h	577.72	+0.033%	$2.7M	$11.0M	75x	as long as short
SoDEX XMR-USDlong	+0.1085%	1h	577.53	long leg	$439K	$3K	5x
GMX XMR/USD [WBTC.b-USDC]	L +0.1133% / S −0.1504%	1h	576.89	−0.112%	$605K	—	100x	as long as short
Variational Omni XMR	+0.1147%	8h	575.44	−0.362%	$6.2M	$2.4M	—	as long as short
Orderly PERP_XMR_USDC	+0.1197%	8h	577.54	+0.002%	$41K	$604K	10x	as long as short
Aftermath Perps XMRUSD	+0.1963%	1h	576.03	−0.259%	$1K	$42K	10x	as long as short