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

XMR

all XMR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.1880%/8h= +205.8% APRnext payment +$2.35 per $10,000 · paid last 24h +0.029%
Price spread now: GMX against SoDEX−0.152%7-day average −0.179% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.033%−$3 on $10k
Price spread, last 3 days (all we have)−0.040%−$4 · spread now −0.152%, 7d avg −0.179%
Together, before fees−0.074%−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$56 a day on $10k at the current rate, and GMX is 0.028% dearer against SoDEX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.179%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.033% in total (about -3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.35 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX XMR-USD599.660.0642pay 0.0080% / 1h38m 47s$456K$3K5x
ShortGMX XMR/USD [WBTC.b-USDC]598.75L +0.0888% / S −0.2522%get 0.0315% / 1h38m 47s$570K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
$394.73
Price spread: −0.152% → −0.179%
$2.75
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee GMX: 6 bp × 2 orders
−$12
Net
$377.49
Costs to cover
0.200%
Break-even
0.3 days
Slippage unknown: SoDEX: live order book, 40 min ago; GMX: no order-book sample. Net counts fees only.

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, 40 min ago0.08 bp13.2 bp −$1342.4 bp −$424doesn't fitdoesn't fit
Sell GMX no order-book sample
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0009%1h598.82−0.140%$45K150xas long as short
Lighter XMR+0.0096%1h599.12−0.091%$3.4M$6.9M10xas long as short
Bybit XMRUSDT+0.0100%8h599.85+0.032%$49.1M$63.0M75xas long as short
edgeX XMRUSDC+0.0100%4h600.61+0.158%$1.1M$663K10xas long as short
SunX XMR-USDT+0.0100%8h599.17−0.082%$2K$2.0M20xas long as short
Aevo XMR-PERP+0.0160%1h599.71+0.008%$12K3xas long as short
Backpack XMR_USDC_PERP+0.0257%1h598.88−0.130%$204K$575K20xas long as short
Binance XMRUSDT+0.0321%8h599.38−0.046%$54.9M$164.2M75xas long as short
MEXC XMR_USDT+0.0324%8h599.40−0.043%$22.3M$14.9M100xas long as short
BingX XMR-USDT+0.0408%8h599.88+0.037%$5.8Mas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni XMR+0.0413%8h600.72+0.177%$6.9M$2.6Mas long as short
Bitget XMRUSDT+0.0431%8h599.27−0.065%$10.0M$14.3M50xas long as short
BloFin XMR-USDT+0.0450%8h599.92+0.043%$2.8M$11.7M75xas long as short
Kraken Futures PF_XMRUSD+0.0459%1h598.44−0.203%$5.7M$20.5M50xas long as short
Gate XMR_USDT+0.0508%8h599.10−0.093%$1.7M$4.6M50xas long as short
Pacifica XMR+0.0565%1h600.01+0.058%$282K$1.1M10xas long as short
KuCoin XMRUSDTM+0.0575%8h599.26−0.067%$49.0M$26.0M50xas long as short
Aster XMRUSDT+0.0586%8h599.32−0.057%$684K$2.4M75xas long as short
GRVT XMR_USDT_Perp+0.0599%8h600.70+0.173%$352K$794K10xas long as short
SoDEX XMR-USDlong+0.0642%1h599.66long leg$456K$3K5x
Polymarket Perps XMR-USD+0.0670%1h599.88+0.037%$23K$1.7M5xas long as short
Paradex XMR-USD-PERP+0.0855%8h600.26+0.100%$8K$4K20xas long as short
GMX XMR/USD [WBTC.b-USDC]shortL +0.0888% / S −0.2522%1h598.75−0.152%$570K100x
Orderly PERP_XMR_USDC+0.0942%8h599.34−0.053%$44K$729K10xas long as short
Nado XMR-PERP+0.1103%1h599.54−0.020%$1.3M$475K10xas long as short
Injective XMR/USDC PERP+0.1312%1h596.76−0.484%$3K$6K12xas long as short
Hyperliquid XMR+0.1655%1h599.96+0.050%$90.5M$70.3M5xas long as short
Extended XMR-USD+0.1752%1h599.59−0.011%$3.2M$6.9M25xas long as short
HTX XMR-USDT+0.1993%8h599.00−0.110%$1.1M$1.5M20xas long as short
Aftermath Perps XMRUSD+0.2310%1h600.05+0.065%$2K$47K10xas long as short
dYdX XMR-USD+0.2650%1h599.19−0.078%$109K$50K5xas long as short