XMR

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0451%/8h= −49.4% APRnext payment −$0.56 per $10,000 · paid last 24h −0.091%

Price spread now: Pacifica against Backpack+0.024%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$360.364% of the position

Long on Backpack Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.887%−$89 on $10k

Price spread, last 4 days (all we have)−0.105%−$10 · spread now +0.024%, 7d avg +0.064%

Together, before fees−0.992%+ Points / potential airdropPacifica: Active · farm board−$99 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Pacifica is 0.039% cheaper against Backpack than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.064%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack XMR_USDC_PERP	574.43	0.1362	pay 0.0170% / 1h	0m 41s	$174K	$533K	20x
Short	Pacifica XMR	574.57	0.0912	get 0.0114% / 1h	0m 41s	$267K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Backpack. 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 BackpackbpFee PacificabpOrdersPrice spread, now +0.024%Rate

Funding earned: −$94.67
Price spread: +0.024% → +0.064%: −$3.91
Slippage, 4 orders: −$18.41
Fee Backpack: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$135
Costs to cover: 0.364%
Break-even: never at this rate

Slippage from Backpack: live order book, 48 min ago; Pacifica: live order book, 3 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 Backpack live order book, 48 min ago	1.66 bp	6.9 bp −$7	33.1 bp −$331	doesn't fit	doesn't fit
Sell Pacifica live order book, 3 min ago	0.09 bp	13.3 bp −$13	doesn't fit	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 −0.0003%	1h	573.77	−0.116%	$38K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.414%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	575.49	+0.184%	$1.0M	$642K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	574.24	−0.033%	$2K	$1.8M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	574.00	−0.075%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0240%	1h	575.21	+0.135%	$12K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0332%	8h	574.03	−0.070%	$45.3M	$26.1M	50x	as long as short
dYdX XMR-USD	+0.0415%	1h	573.79	−0.112%	$104K	$43K	5x	as long as short
Bitget XMRUSDT	+0.0590%	8h	574.49	+0.010%	$9.5M	$12.8M	50x	as long as short
MEXC XMR_USDT	+0.0642%	8h	574.77	+0.059%	$20.1M	$14.7M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XMRUSDT	+0.0642%	8h	574.68	+0.043%	$52.4M	$156.6M	75x	as long as short
Extended XMR-USD	+0.0664%	1h	574.47	+0.007%	$3.0M	$8.3M	25x	as long as short
BingX XMR-USDT	+0.0666%	8h	574.69	+0.045%	—	$5.5M	—	as long as short
Gate XMR_USDT	+0.0673%	8h	574.21	−0.038%	$1.5M	$4.3M	50x	as long as short
Polymarket Perps XMR-USD	+0.0680%	1h	574.48	+0.009%	$23K	$2.1M	5x	as long as short
Bybit XMRUSDT	+0.0693%	8h	574.55	+0.021%	$46.7M	$63.5M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0746%	1h	573.76	−0.117%	$5.4M	$18.6M	50x	as long as short
Lighter XMR	+0.0752%	1h	574.59	+0.028%	$3.1M	$7.7M	10x	as long as short
Aster XMRUSDT	+0.0802%	8h	574.66	+0.041%	$638K	$2.2M	75x	as long as short
Paradex XMR-USD-PERP	+0.0893%	8h	574.82	+0.068%	$8K	$3K	20x	as long as short
Pacifica XMRshort	+0.0912%	1h	574.57	+0.024%	$267K	$1.0M	10x
GRVT XMR_USDT_Perp	+0.1025%	8h	575.37	+0.164%	$335K	$729K	10x	as long as short
Hyperliquid XMR	+0.1032%	1h	574.50	+0.012%	$86.9M	$69.2M	5x	as long as short
BloFin XMR-USDT	+0.1059%	8h	575.00	+0.099%	$2.7M	$11.1M	75x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1128% / S −0.1543%	1h	573.46	−0.168%	$594K	—	100x	as long as short
Variational Omni XMR	+0.1164%	8h	574.79	+0.062%	$6.2M	$2.4M	—	as long as short
Orderly PERP_XMR_USDC	+0.1201%	8h	574.78	+0.061%	$40K	$637K	10x	as long as short
Nado XMR-PERP	+0.1206%	1h	575.13	+0.122%	$1.3M	$448K	10x	as long as short
SoDEX XMR-USD	+0.1275%	1h	574.67	+0.042%	$437K	$3K	5x	as long as short
Backpack XMR_USDC_PERPlong	+0.1362%	1h	574.43	long leg	$174K	$533K	20x
Aftermath Perps XMRUSD	+0.1990%	1h	575.23	+0.140%	$1K	$42K	10x	as long as short