Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0266%/8h= −29.1% APRpaid last 24h −0.020%

Price spread now: Pacifica against BingX−0.126%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$570.568% of the position

Long on BingX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%$0 on $10k

Price spread, last 7 days+0.155%+$16 · spread now −0.126%, 7d avg −0.013%

Together, before fees+0.160%+ Points / potential airdropPacifica: Active · farm board+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Pacifica is 0.113% cheaper against BingX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.013%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.005% in total (about 0.2% 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	BingX XMR-USDT	587.24	0.1087	pay 0.1087% / 8h	6h 54m	—	$5.8M	—
Short	Pacifica XMR	586.50	0.0821	get 0.0103% / 1h	54m 17s	$270K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against BingX. 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 BingXbpFee PacificabpOrdersPrice spread, now −0.126%Rate

Funding earned: −$55.8
Price spread: −0.126% → −0.013%: −$11.31
Slippage, 4 orders: −$38.82
Fee BingX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$123.93
Costs to cover: 0.568%
Break-even: never at this rate

Slippage from BingX: live order book, 10 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 BingX live order book, 10 min ago	1.87 bp	14.5 bp −$14	26.6 bp −$266	77.8 bp −$7,783	doesn't fit
Sell Pacifica live order book, 5 min ago	3.60 bp	12.5 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 −0.0009%	1h	585.87	−0.234%	$34K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.621%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	585.54	−0.290%	$1.0M	$662K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	586.41	−0.141%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	584.09	−0.536%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0192%	1h	587.61	+0.063%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0440%	8h	586.67	−0.097%	$21.2M	$15.2M	100x	as long as short
Binance XMRUSDT	+0.0443%	8h	587.23	−0.002%	$53.7M	$167.6M	75x	as long as short
Gate XMR_USDT	+0.0531%	8h	586.39	−0.145%	$1.6M	$4.6M	50x	as long as short
Bitget XMRUSDT	+0.0572%	8h	588.44	+0.204%	$9.7M	$14.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XMRUSDT	+0.0623%	8h	586.20	−0.177%	$651K	$2.5M	75x	as long as short
BloFin XMR-USDT	+0.0644%	8h	585.46	−0.303%	$2.8M	$11.5M	75x	as long as short
KuCoin XMRUSDTM	+0.0709%	8h	586.16	−0.184%	$48.0M	$26.0M	50x	as long as short
Pacifica XMRshort	+0.0821%	1h	586.50	−0.126%	$270K	$1.1M	10x
GRVT XMR_USDT_Perp	+0.0894%	8h	583.84	−0.579%	$346K	$802K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0917% / S −0.2716%	1h	585.94	−0.221%	$546K	—	100x	as long as short
Backpack XMR_USDC_PERP	+0.0927%	1h	585.43	−0.308%	$183K	$535K	20x	as long as short
Variational Omni XMR	+0.0958%	8h	583.01	−0.720%	$6.6M	$2.7M	—	as long as short
Orderly PERP_XMR_USDC	+0.1049%	8h	587.67	+0.073%	$43K	$733K	10x	as long as short
BingX XMR-USDTlong	+0.1087%	8h	587.24	long leg	—	$5.8M	—
Bybit XMRUSDT	+0.1112%	8h	587.53	+0.049%	$47.2M	$64.9M	75x	as long as short
Lighter XMR	+0.1144%	1h	586.39	−0.145%	$3.3M	$7.2M	10x	as long as short
Paradex XMR-USD-PERP	+0.1237%	8h	586.23	−0.172%	$8K	$4K	20x	as long as short
Polymarket Perps XMR-USD	+0.1291%	1h	586.59	−0.111%	$49K	$1.9M	5x	as long as short
Kraken Futures PF_XMRUSD	+0.1300%	1h	587.94	+0.120%	$5.6M	$20.5M	50x	as long as short
Nado XMR-PERP	+0.1461%	1h	586.58	−0.112%	$1.3M	$464K	10x	as long as short
dYdX XMR-USD	+0.1778%	1h	585.41	−0.312%	$106K	$50K	5x	as long as short
Hyperliquid XMR	+0.1915%	1h	586.94	−0.051%	$88.8M	$72.9M	5x	as long as short
SoDEX XMR-USD	+0.1939%	1h	587.90	+0.112%	$447K	$3K	5x	as long as short
Extended XMR-USD	+0.2280%	1h	588.08	+0.144%	$3.1M	$8.1M	25x	as long as short
Aftermath Perps XMRUSD	+0.2668%	1h	585.45	−0.305%	$1K	$46K	10x	as long as short