Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h +0.056%

Price spread now: Pacifica against KuCoin+0.155%46s7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as 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−$590.587% of the position

Long on KuCoin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.155%+$16 on $10k

Price spread, last 7 days−0.106%−$11 · spread now +0.155%, 7d avg +0.053%

Together, before fees+0.049%+ Points / potential airdropPacifica: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Pacifica is 0.103% dearer against KuCoin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.053%. The two prices were read 46 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	KuCoin XMRUSDTM	592.46	0.0608	pay 0.0608% / 8h	2h 25m	$49.3M	$25.4M	50x
Short	Pacifica XMR	593.38	0.0619	get 0.0077% / 1h	25m 51s	$268K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against KuCoin. 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 KuCoinbpFee PacificabpOrdersPrice spread, now +0.155%Rate

Funding earned: $2.25
Price spread: +0.155% → +0.053%: $10.26
Slippage, 4 orders: −$38.7
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$46.19
Costs to cover: 0.587%
Break-even: 150.6 days

Slippage from KuCoin: live order book, 3 min ago; Pacifica: live order book, 3 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 KuCoin live order book, 3 min ago	4.04 bp	20.5 bp −$20	48.2 bp −$482	doesn't fit	doesn't fit
Sell Pacifica live order book, 3 min ago	3.37 bp	10.0 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 −0.0009%	1h	592.54	+0.013%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	591.89	−0.096%	$3K	$6K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	592.84	+0.064%	$47.6M	$61.0M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	596.08	+0.610%	$1.1M	$674K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	592.74	+0.047%	$2K	$1.9M	20x	as long as short
Backpack XMR_USDC_PERP	+0.0164%	1h	592.20	−0.044%	$201K	$575K	20x	as long as short
Aevo XMR-PERP	+0.0168%	1h	593.34	+0.148%	$12K	—	3x	as long as short
Lighter XMR	+0.0264%	1h	592.87	+0.069%	$3.4M	$6.7M	10x	as long as short
Polymarket Perps XMR-USD	+0.0279%	1h	593.35	+0.150%	$32K	$1.8M	5x	as long as short
Variational Omni XMR	+0.0290%	8h	595.99	+0.596%	$6.9M	$2.8M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XMRUSDT	+0.0356%	8h	592.81	+0.059%	$54.4M	$162.1M	75x	as long as short
MEXC XMR_USDT	+0.0358%	8h	592.85	+0.066%	$22.5M	$15.3M	100x	as long as short
BingX XMR-USDT	+0.0372%	8h	592.88	+0.071%	—	$5.8M	—	as long as short
Gate XMR_USDT	+0.0386%	8h	592.48	+0.003%	$1.6M	$4.5M	50x	as long as short
Bitget XMRUSDT	+0.0391%	8h	592.71	+0.042%	$9.9M	$14.1M	50x	as long as short
SoDEX XMR-USD	+0.0399%	1h	593.14	+0.115%	$451K	$3K	5x	as long as short
BloFin XMR-USDT	+0.0513%	8h	594.19	+0.292%	$2.8M	$11.3M	75x	as long as short
Aster XMRUSDT	+0.0538%	8h	592.86	+0.067%	$672K	$2.3M	75x	as long as short
dYdX XMR-USD	+0.0543%	1h	592.49	+0.004%	$108K	$50K	5x	as long as short
KuCoin XMRUSDTMlong	+0.0608%	8h	592.46	long leg	$49.3M	$25.4M	50x
Kraken Futures PF_XMRUSD	+0.0614%	1h	592.16	−0.050%	$5.6M	$20.4M	50x	as long as short
Pacifica XMRshort	+0.0619%	1h	593.38	+0.155%	$268K	$1.0M	10x
GRVT XMR_USDT_Perp	+0.0622%	8h	594.60	+0.362%	$349K	$782K	10x	as long as short
Paradex XMR-USD-PERP	+0.0764%	8h	593.44	+0.166%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0862% / S −0.1487%	1h	592.25	−0.035%	$367K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0890%	8h	593.28	+0.138%	$48K	$724K	10x	as long as short
Nado XMR-PERP	+0.0902%	1h	593.49	+0.173%	$1.3M	$479K	10x	as long as short
Extended XMR-USD	+0.1176%	1h	592.59	+0.023%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1594%	1h	593.51	+0.177%	$86.7M	$66.2M	5x	as long as short
HTX XMR-USDT	+0.2284%	8h	590.00	−0.415%	$1.1M	$1.4M	20x	as long as short
Aftermath Perps XMRUSD	+0.2339%	1h	594.02	+0.264%	$2K	$47K	10x	as long as short