Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0061%/8h= +6.6% APRpaid last 24h −0.064%

Price spread now: Pacifica against Gate+0.160%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$660.661% of the position

Long on Gate Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.201%−$20 on $10k

Price spread, last 7 days−0.155%−$16 · spread now +0.160%, 7d avg +0.050%

Together, before fees−0.356%+ Points / potential airdropPacifica: Active · farm board−$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Pacifica is 0.110% dearer against Gate than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.050%. Mind the row above: over the last 7 days funding on this pair cost −0.201%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XMR_USDT	598.23	0.0504	pay 0.0504% / 8h	34m 21s	$1.7M	$4.6M	50x
Short	Pacifica XMR	599.19	0.0565	get 0.0071% / 1h	34m 21s	$281K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Gate. 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 GatebpFee PacificabpOrdersPrice spread, now +0.160%Rate

Funding earned: $12.72
Price spread: +0.160% → +0.050%: $11.02
Slippage, 4 orders: −$43.07
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$42.33
Costs to cover: 0.661%
Break-even: 30.3 days

Slippage from Gate: 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 Gate live order book, 4 min ago	5.93 bp	20.8 bp −$21	34.9 bp −$349	doesn't fit	doesn't fit
Sell Pacifica live order book, 5 min ago	3.42 bp	12.6 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	597.85	−0.063%	$45K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	599.14	+0.152%	$49.1M	$63.1M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	599.04	+0.136%	$1.1M	$664K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	597.82	−0.069%	$2K	$2.0M	20x	as long as short
Lighter XMR	+0.0120%	1h	598.43	+0.034%	$3.4M	$6.9M	10x	as long as short
Aevo XMR-PERP	+0.0160%	1h	598.71	+0.080%	$12K	—	3x	as long as short
Backpack XMR_USDC_PERP	+0.0233%	1h	597.88	−0.059%	$204K	$575K	20x	as long as short
MEXC XMR_USDT	+0.0317%	8h	598.97	+0.124%	$22.2M	$14.9M	100x	as long as short
Binance XMRUSDT	+0.0318%	8h	598.94	+0.119%	$54.8M	$164.3M	75x	as long as short
BingX XMR-USDT	+0.0409%	8h	599.07	+0.140%	—	$5.7M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0433%	8h	598.81	+0.097%	$10.0M	$14.3M	50x	as long as short
Variational Omni XMR	+0.0439%	8h	599.98	+0.292%	$6.9M	$2.6M	—	as long as short
BloFin XMR-USDT	+0.0446%	8h	598.51	+0.047%	$2.8M	$11.7M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0460%	1h	597.37	−0.144%	$5.7M	$20.5M	50x	as long as short
Gate XMR_USDTlong	+0.0504%	8h	598.23	long leg	$1.7M	$4.6M	50x
Pacifica XMRshort	+0.0565%	1h	599.19	+0.160%	$281K	$1.1M	10x
KuCoin XMRUSDTM	+0.0577%	8h	598.56	+0.055%	$48.9M	$26.0M	50x	as long as short
Aster XMRUSDT	+0.0587%	8h	598.60	+0.061%	$684K	$2.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0594%	8h	599.70	+0.246%	$352K	$794K	10x	as long as short
SoDEX XMR-USD	+0.0693%	1h	598.41	+0.030%	$455K	$3K	5x	as long as short
Polymarket Perps XMR-USD	+0.0705%	1h	599.14	+0.152%	$22K	$1.7M	5x	as long as short
Paradex XMR-USD-PERP	+0.0858%	8h	598.89	+0.111%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0883% / S −0.2497%	1h	597.71	−0.088%	$565K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0947%	8h	598.71	+0.080%	$44K	$729K	10x	as long as short
Nado XMR-PERP	+0.1187%	1h	598.78	+0.093%	$1.3M	$476K	10x	as long as short
Injective XMR/USDC PERP	+0.1312%	1h	596.76	−0.246%	$3K	$6K	12x	as long as short
Hyperliquid XMR	+0.1732%	1h	599.36	+0.189%	$90.5M	$70.5M	5x	as long as short
Extended XMR-USD	+0.1744%	1h	599.02	+0.132%	$3.2M	$6.9M	25x	as long as short
HTX XMR-USDT	+0.1986%	8h	597.75	−0.080%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2315%	1h	599.04	+0.135%	$2K	$47K	10x	as long as short
dYdX XMR-USD	+0.2578%	1h	597.01	−0.204%	$108K	$50K	5x	as long as short