Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0250%/8h= +27.3% APRpaid last 24h −0.018%

Price spread now: Pacifica against Binance+0.109%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$460.461% of the position

Long on Binance Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 7 days−0.085%−$8 · spread now +0.109%, 7d avg −0.019%

Together, before fees−0.045%+ Points / potential airdropPacifica: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Pacifica is 0.128% dearer against Binance than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.019%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.040% in total (about 2.1% 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	Binance XMRUSDT	593.14	0.0369	pay 0.0369% / 8h	2h 39m	$54.3M	$161.7M	75x
Short	Pacifica XMR	593.79	0.0619	get 0.0077% / 1h	39m 20s	$268K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Binance. 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 BinancebpFee PacificabpOrdersPrice spread, now +0.109%Rate

Funding earned: $52.42
Price spread: +0.109% → −0.019%: $12.77
Slippage, 4 orders: −$28.07
Fee Binance: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $19.12
Costs to cover: 0.461%
Break-even: 4.4 days

Slippage from Binance: live order book, 4 min ago; Pacifica: live order book, 5 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 Binance live order book, 4 min ago	0.08 bp	9.6 bp −$10	18.7 bp −$187	doesn't fit	doesn't fit
Sell Pacifica live order book, 5 min ago	4.97 bp	10.8 bp −$11	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 −0.0009%	1h	592.44	−0.118%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	591.89	−0.211%	$3K	$6K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	592.95	−0.032%	$47.4M	$60.7M	75x	as long as short
Backpack XMR_USDC_PERP	+0.0100%	1h	593.91	+0.130%	$202K	$563K	20x	as long as short
edgeX XMRUSDC	+0.0100%	4h	593.35	+0.036%	$1.1M	$671K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	592.28	−0.145%	$2K	$1.9M	20x	as long as short
Polymarket Perps XMR-USD	+0.0148%	1h	593.11	−0.005%	$24K	$1.8M	5x	as long as short
dYdX XMR-USD	+0.0168%	1h	592.66	−0.081%	$108K	$50K	5x	as long as short
Lighter XMR	+0.0168%	1h	592.79	−0.059%	$3.5M	$6.7M	10x	as long as short
Aevo XMR-PERP	+0.0176%	1h	593.35	+0.035%	$12K	—	3x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX XMR-USD	+0.0180%	1h	593.14	0.000%	$451K	$4K	5x	as long as short
Variational Omni XMR	+0.0300%	8h	593.60	+0.078%	$6.9M	$2.8M	—	as long as short
Gate XMR_USDT	+0.0360%	8h	592.53	−0.103%	$1.6M	$4.5M	50x	as long as short
MEXC XMR_USDT	+0.0369%	8h	593.00	−0.024%	$22.6M	$15.2M	100x	as long as short
Binance XMRUSDTlong	+0.0369%	8h	593.14	long leg	$54.3M	$161.7M	75x
BingX XMR-USDT	+0.0376%	8h	593.11	−0.005%	—	$5.8M	—	as long as short
Bitget XMRUSDT	+0.0392%	8h	592.95	−0.032%	$9.8M	$14.0M	50x	as long as short
BloFin XMR-USDT	+0.0518%	8h	592.79	−0.059%	$2.8M	$11.3M	75x	as long as short
Aster XMRUSDT	+0.0554%	8h	593.94	+0.134%	$670K	$2.3M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0614%	1h	592.18	−0.162%	$5.6M	$20.3M	50x	as long as short
Pacifica XMRshort	+0.0619%	1h	593.79	+0.109%	$268K	$1.0M	10x
GRVT XMR_USDT_Perp	+0.0624%	8h	593.34	+0.035%	$346K	$796K	10x	as long as short
KuCoin XMRUSDTM	+0.0626%	8h	592.75	−0.066%	$49.3M	$25.4M	50x	as long as short
Paradex XMR-USD-PERP	+0.0732%	8h	593.59	+0.076%	$8K	$4K	20x	as long as short
Nado XMR-PERP	+0.0806%	1h	593.17	+0.006%	$1.3M	$477K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0841% / S −0.1411%	1h	592.39	−0.127%	$352K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0868%	8h	593.20	+0.010%	$48K	$729K	10x	as long as short
Extended XMR-USD	+0.1064%	1h	592.94	−0.034%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1532%	1h	594.27	+0.191%	$86.5M	$65.3M	5x	as long as short
Aftermath Perps XMRUSD	+0.2300%	1h	593.21	+0.012%	$2K	$47K	10x	as long as short
HTX XMR-USDT	+0.2402%	8h	590.51	−0.443%	$1.1M	$1.4M	20x	as long as short