Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0210%/8h= −23.0% APRpaid last 24h +0.140%

Price spread now: Pacifica against GRVT−0.102%7-day average −0.013% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)−1.539%−$154 · spread now −0.102%, 7d avg −0.013%

Together, before fees−1.542%+ Points / potential airdropGRVT: Active · Pacifica: Active · farm board−$154 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Pacifica is 0.089% cheaper against GRVT than usual: you would sell low and buy high (−$9 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 -0.003% 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	GRVT XMR_USDT_Perp	584.44	0.1031	pay 0.1031% / 8h	6h 07m	$342K	$795K	10x
Short	Pacifica XMR	583.84	0.0821	get 0.0103% / 1h	7m 20s	$269K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against GRVT. 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 GRVTbpFee PacificabpOrdersPrice spread, now −0.102%Rate

Funding earned: −$44.04
Price spread: −0.102% → −0.013%: −$8.9
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$69.95
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 61 min ago; Pacifica: live order book, 2 min ago. Net counts fees only.

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 GRVT live order book, 61 min ago	1.27 bp	14.4 bp −$14	31421.3 bp −$314.2K	doesn't fit	doesn't fit
Sell Pacifica live order book, 2 min ago	2.65 bp	9.9 bp −$10	doesn't fit	doesn't fit	doesn't fit

XMR on 30 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	582.07	−0.405%	$34K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+2.108%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	584.55	+0.019%	$1.0M	$668K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	583.05	−0.238%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	583.00	−0.246%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	583.52	−0.157%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0403%	1h	582.69	−0.299%	$106K	$50K	5x	as long as short
MEXC XMR_USDT	+0.0517%	8h	583.51	−0.159%	$20.8M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0517%	8h	583.50	−0.161%	$53.2M	$168.0M	75x	as long as short
Bitget XMRUSDT	+0.0623%	8h	582.69	−0.299%	$9.5M	$14.2M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XMRUSDT	+0.0697%	8h	582.93	−0.258%	$649K	$2.5M	75x	as long as short
KuCoin XMRUSDTM	+0.0778%	8h	583.56	−0.150%	$47.9M	$26.1M	50x	as long as short
Gate XMR_USDT	+0.0779%	8h	582.60	−0.315%	$1.6M	$4.6M	50x	as long as short
BingX XMR-USDT	+0.0784%	8h	583.62	−0.140%	—	$5.8M	—	as long as short
Pacifica XMRshort	+0.0821%	1h	583.84	−0.102%	$269K	$1.1M	10x
Bybit XMRUSDT	+0.0822%	8h	583.35	−0.186%	$47.3M	$65.0M	75x	as long as short
Polymarket Perps XMR-USD	+0.0906%	1h	582.95	−0.255%	$32K	$2.1M	5x	as long as short
Backpack XMR_USDC_PERP	+0.0921%	1h	583.64	−0.137%	$172K	$539K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0951% / S −0.1202%	1h	582.07	−0.406%	$649K	—	100x	as long as short
Lighter XMR	+0.0984%	1h	583.31	−0.193%	$3.3M	$7.2M	10x	as long as short
GRVT XMR_USDT_Perplong	+0.1031%	8h	584.44	long leg	$342K	$795K	10x
Variational Omni XMR	+0.1043%	8h	586.31	+0.321%	$6.7M	$2.9M	—	as long as short
Orderly PERP_XMR_USDC	+0.1068%	8h	583.46	−0.168%	$42K	$736K	10x	as long as short
Paradex XMR-USD-PERP	+0.1234%	8h	583.55	−0.152%	$8K	$4K	20x	as long as short
Kraken Futures PF_XMRUSD	+0.1312%	1h	582.38	−0.352%	$5.5M	$20.5M	50x	as long as short
Nado XMR-PERP	+0.1452%	1h	583.29	−0.196%	$1.3M	$466K	10x	as long as short
SoDEX XMR-USD	+0.1590%	1h	583.41	−0.176%	$443K	$3K	5x	as long as short
Hyperliquid XMR	+0.1633%	1h	583.16	−0.219%	$88.1M	$73.1M	5x	as long as short
Extended XMR-USD	+0.1840%	1h	583.46	−0.167%	$3.1M	$8.1M	25x	as long as short
Aftermath Perps XMRUSD	+0.2754%	1h	584.58	+0.024%	$1K	$46K	10x	as long as short