XMR

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0339%/8h= +37.1% APRnext payment +$0.42 per $10,000 · paid last 24h −0.023%

Price spread now: Pacifica against Lighter+0.063%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$380.379% of the position

Long on Lighter Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.140%−$14 on $10k

Price spread, last 7 days+0.029%+$3 · spread now +0.063%, 7d avg +0.019%

Together, before fees−0.111%+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm board−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Pacifica is 0.043% dearer against Lighter than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.019%. Mind the row above: over the last 7 days funding on this pair cost −0.140%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.140% in total (about -7.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.42 per $10,000. 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	Lighter XMR	595.15	0.0280	pay 0.0035% / 1h	34m 31s	$3.5M	$6.7M	10x
Short	Pacifica XMR	595.52	0.0619	get 0.0077% / 1h	34m 31s	$269K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Lighter. 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 LighterbpFee PacificabpOrdersPrice spread, now +0.063%Rate

Funding earned: $71.13
Price spread: +0.063% → +0.019%: $4.34
Slippage, 4 orders: −$29.86
Fee Lighter: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $37.61
Costs to cover: 0.379%
Break-even: 3.3 days

Slippage from Lighter: 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 Lighter live order book, 4 min ago	4.20 bp	6.9 bp −$7	16.6 bp −$166	136.7 bp −$13.7K	doesn't fit
Sell Pacifica live order book, 4 min ago	5.89 bp	11.0 bp −$11	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	595.01	−0.024%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	591.89	−0.547%	$3K	$6K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	595.60	+0.076%	$47.7M	$60.8M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	593.32	−0.307%	$1.1M	$672K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	594.74	−0.069%	$2K	$1.9M	20x	as long as short
Backpack XMR_USDC_PERP	+0.0156%	1h	594.94	−0.035%	$203K	$571K	20x	as long as short
Aevo XMR-PERP	+0.0176%	1h	595.55	+0.068%	$12K	—	3x	as long as short
Polymarket Perps XMR-USD	+0.0242%	1h	595.90	+0.126%	$24K	$1.8M	5x	as long as short
Lighter XMRlong	+0.0280%	1h	595.15	long leg	$3.5M	$6.7M	10x
Variational Omni XMR	+0.0295%	8h	595.15	0.000%	$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
SoDEX XMR-USD	+0.0309%	1h	595.63	+0.081%	$453K	$4K	5x	as long as short
dYdX XMR-USD	+0.0334%	1h	594.39	−0.127%	$108K	$50K	5x	as long as short
MEXC XMR_USDT	+0.0367%	8h	596.00	+0.143%	$22.7M	$15.2M	100x	as long as short
Binance XMRUSDT	+0.0367%	8h	595.86	+0.120%	$54.5M	$161.8M	75x	as long as short
BingX XMR-USDT	+0.0372%	8h	595.74	+0.099%	—	$5.8M	—	as long as short
Gate XMR_USDT	+0.0394%	8h	595.12	−0.005%	$1.6M	$4.5M	50x	as long as short
Bitget XMRUSDT	+0.0395%	8h	595.84	+0.116%	$9.9M	$14.0M	50x	as long as short
BloFin XMR-USDT	+0.0515%	8h	595.72	+0.096%	$2.8M	$11.3M	75x	as long as short
Aster XMRUSDT	+0.0554%	8h	595.29	+0.023%	$673K	$2.3M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0612%	1h	594.50	−0.109%	$5.6M	$20.3M	50x	as long as short
Pacifica XMRshort	+0.0619%	1h	595.52	+0.063%	$269K	$1.0M	10x
GRVT XMR_USDT_Perp	+0.0627%	8h	595.40	+0.042%	$349K	$782K	10x	as long as short
KuCoin XMRUSDTM	+0.0632%	8h	595.52	+0.063%	$49.6M	$25.4M	50x	as long as short
Paradex XMR-USD-PERP	+0.0766%	8h	595.45	+0.051%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0842% / S −0.1411%	1h	594.79	−0.059%	$354K	—	100x	as long as short
Nado XMR-PERP	+0.0863%	1h	595.76	+0.103%	$1.3M	$477K	10x	as long as short
Orderly PERP_XMR_USDC	+0.0876%	8h	595.27	+0.020%	$48K	$729K	10x	as long as short
Extended XMR-USD	+0.1136%	1h	595.47	+0.055%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1634%	1h	596.79	+0.276%	$86.9M	$65.5M	5x	as long as short
Aftermath Perps XMRUSD	+0.2348%	1h	594.66	−0.081%	$2K	$47K	10x	as long as short
HTX XMR-USDT	+0.2393%	8h	592.45	−0.453%	$1.1M	$1.4M	20x	as long as short