Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0387%/8h= +42.4% APRpaid last 24h +0.007%

Price spread now: Pacifica against Bitget+0.045%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$590.585% of the position

Long on Bitget Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.129%+$13 on $10k

Price spread, last 7 days−0.078%−$8 · spread now +0.045%, 7d avg −0.015%

Together, before fees+0.051%+ Points / potential airdropPacifica: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Pacifica is 0.060% dearer against Bitget than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.015%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.129% in total (about 6.7% 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	Bitget XMRUSDT	587.39	0.0609	pay 0.0609% / 8h	5h 18m	$9.6M	$14.1M	50x
Short	Pacifica XMR	587.66	0.0996	get 0.0125% / 1h	18m 28s	$273K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Bitget. 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 BitgetbpFee PacificabpOrdersPrice spread, now +0.045%Rate

Funding earned: $81.29
Price spread: +0.045% → −0.015%: $5.99
Slippage, 4 orders: −$38.53
Fee Bitget: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $28.75
Costs to cover: 0.585%
Break-even: 4.5 days

Slippage from Bitget: live order book, 5 min ago; Pacifica: live order book, just now.

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 Bitget live order book, 5 min ago	5.18 bp	16.6 bp −$17	23.5 bp −$235	doesn't fit	doesn't fit
Sell Pacifica live order book, just now	2.81 bp	8.8 bp −$9	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 −0.0010%	1h	586.73	−0.112%	$47K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	−0.824%	$3K	$6K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	588.94	+0.264%	$1.1M	$657K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	586.90	−0.083%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	586.95	−0.075%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	587.56	+0.029%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0294%	1h	586.61	−0.133%	$106K	$50K	5x	as long as short
Polymarket Perps XMR-USD	+0.0360%	1h	586.98	−0.070%	$23K	$2.1M	5x	as long as short
Binance XMRUSDT	+0.0519%	8h	587.42	+0.005%	$53.5M	$166.0M	75x	as long as short
MEXC XMR_USDT	+0.0522%	8h	587.52	+0.022%	$20.9M	$15.2M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XMR	+0.0528%	1h	587.61	+0.037%	$3.3M	$7.2M	10x	as long as short
Bybit XMRUSDT	+0.0546%	8h	587.35	−0.007%	$47.7M	$64.2M	75x	as long as short
Gate XMR_USDT	+0.0571%	8h	586.78	−0.104%	$1.6M	$4.5M	50x	as long as short
BingX XMR-USDT	+0.0582%	8h	587.44	+0.009%	—	$5.6M	—	as long as short
Bitget XMRUSDTlong	+0.0609%	8h	587.39	long leg	$9.6M	$14.1M	50x
Aster XMRUSDT	+0.0729%	8h	587.49	+0.018%	$662K	$2.4M	75x	as long as short
KuCoin XMRUSDTM	+0.0747%	8h	587.65	+0.044%	$48.3M	$26.0M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0756%	1h	587.06	−0.056%	$172K	$537K	20x	as long as short
BloFin XMR-USDT	+0.0800%	8h	587.74	+0.060%	$2.7M	$11.5M	75x	as long as short
Paradex XMR-USD-PERP	+0.0941%	8h	587.38	−0.002%	$8K	$4K	20x	as long as short
Kraken Futures PF_XMRUSD	+0.0951%	1h	586.10	−0.220%	$5.5M	$19.6M	50x	as long as short
Nado XMR-PERP	+0.0983%	1h	587.50	+0.020%	$1.3M	$463K	10x	as long as short
GRVT XMR_USDT_Perp	+0.0993%	8h	589.21	+0.311%	$349K	$766K	10x	as long as short
Pacifica XMRshort	+0.0996%	1h	587.66	+0.045%	$273K	$1.1M	10x
GMX XMR/USD [WBTC.b-USDC]	L +0.1044% / S −0.1407%	1h	586.70	−0.117%	$654K	—	100x	as long as short
Variational Omni XMR	+0.1080%	8h	588.99	+0.272%	$6.7M	$2.4M	—	as long as short
Hyperliquid XMR	+0.1106%	1h	587.46	+0.012%	$88.4M	$71.2M	5x	as long as short
Orderly PERP_XMR_USDC	+0.1112%	8h	587.52	+0.022%	$41K	$721K	10x	as long as short
SoDEX XMR-USD	+0.1211%	1h	587.64	+0.043%	$447K	$3K	5x	as long as short
Extended XMR-USD	+0.1216%	1h	587.37	−0.004%	$3.2M	$8.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2525%	1h	587.20	−0.033%	$1K	$45K	10x	as long as short