Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0203%/8h= +22.2% APRpaid last 24h +0.126%

Price spread now: Pacifica against Bybit+0.042%48s7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$430.425% of the position

Long on Bybit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.315%+$32 on $10k

Price spread, last 7 days−0.053%−$5 · spread now +0.042%, 7d avg −0.003%

Together, before fees+0.263%+ Points / potential airdropPacifica: Active · farm board+$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Pacifica is 0.045% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.003%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XMRUSDT	569.97	0.0709	pay 0.0709% / 8h	2h 39m	$46.2M	$64.3M	75x
Short	Pacifica XMR	570.21	0.0912	get 0.0114% / 1h	39m 57s	$264K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Bybit. 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 BybitbpFee PacificabpOrdersPrice spread, now +0.042%Rate

Funding earned: $42.6
Price spread: +0.042% → −0.003%: $4.48
Slippage, 4 orders: −$23.51
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $4.57
Costs to cover: 0.425%
Break-even: 6.2 days

Slippage from Bybit: live order book, 4 min ago; Pacifica: live order book, 4 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 Bybit live order book, 4 min ago	1.31 bp	11.7 bp −$12	21.3 bp −$213	doesn't fit	doesn't fit
Sell Pacifica live order book, 4 min ago	0.96 bp	10.3 bp −$10	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	569.04	−0.162%	$37K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+2.207%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	571.22	+0.220%	$1.0M	$642K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	569.66	−0.054%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	570.65	+0.119%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0232%	1h	570.71	+0.130%	$12K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0295%	8h	569.62	−0.061%	$44.7M	$26.3M	50x	as long as short
Bitget XMRUSDT	+0.0563%	8h	570.37	+0.070%	$9.4M	$13.3M	50x	as long as short
MEXC XMR_USDT	+0.0606%	8h	570.36	+0.068%	$19.7M	$14.6M	100x	as long as short
Binance XMRUSDT	+0.0606%	8h	570.21	+0.043%	$52.2M	$161.6M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XMR_USDT	+0.0607%	8h	569.64	−0.058%	$1.5M	$4.3M	50x	as long as short
dYdX XMR-USD	+0.0625%	1h	569.32	−0.115%	$103K	$44K	5x	as long as short
BingX XMR-USDT	+0.0673%	8h	570.14	+0.030%	—	$5.7M	—	as long as short
Bybit XMRUSDTlong	+0.0709%	8h	569.97	long leg	$46.2M	$64.3M	75x
Aster XMRUSDT	+0.0752%	8h	570.08	+0.020%	$639K	$2.3M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0752%	1h	569.20	−0.135%	$5.4M	$19.1M	50x	as long as short
Extended XMR-USD	+0.0760%	1h	570.13	+0.028%	$3.0M	$8.2M	25x	as long as short
Polymarket Perps XMR-USD	+0.0760%	1h	569.98	+0.002%	$28K	$2.2M	5x	as long as short
Paradex XMR-USD-PERP	+0.0886%	8h	570.32	+0.062%	$8K	$4K	20x	as long as short
Pacifica XMRshort	+0.0912%	1h	570.21	+0.042%	$264K	$1.0M	10x
Lighter XMR	+0.0992%	1h	570.17	+0.036%	$3.1M	$7.5M	10x	as long as short
BloFin XMR-USDT	+0.0997%	8h	570.78	+0.142%	$2.7M	$11.1M	75x	as long as short
GRVT XMR_USDT_Perp	+0.1005%	8h	571.24	+0.223%	$330K	$728K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1036% / S −0.1358%	1h	569.05	−0.161%	$589K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1185%	8h	570.19	+0.039%	$40K	$714K	10x	as long as short
Variational Omni XMR	+0.1192%	8h	570.33	+0.062%	$6.3M	$2.3M	—	as long as short
Hyperliquid XMR	+0.1194%	1h	570.34	+0.065%	$86.0M	$71.4M	5x	as long as short
SoDEX XMR-USD	+0.1324%	1h	570.35	+0.067%	$433K	$3K	5x	as long as short
Backpack XMR_USDC_PERP	+0.1341%	1h	569.95	−0.004%	$167K	$533K	20x	as long as short
Nado XMR-PERP	+0.1461%	1h	570.26	+0.051%	$1.3M	$455K	10x	as long as short
Aftermath Perps XMRUSD	+0.2102%	1h	570.22	+0.044%	$1K	$43K	10x	as long as short