Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0232%/8h= +25.4% APRpaid last 24h −0.001%

Price spread now: Pacifica against MEXC−0.007%45s7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as 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−$510.511% of the position

Long on MEXC Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 7 days+0.029%+$3 · spread now −0.007%, 7d avg −0.022%

Together, before fees+0.063%+ Points / potential airdropPacifica: Active · farm board+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.022%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.034% in total (about 1.7% 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	MEXC XMR_USDT	587.25	0.0427	pay 0.0427% / 8h	7h 12m	$21.3M	$15.3M	100x
Short	Pacifica XMR	587.21	0.0659	get 0.0082% / 1h	12m 58s	$278K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against MEXC. 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 MEXCbpFee PacificabpOrdersPrice spread, now −0.007%Rate

Funding earned: $48.69
Price spread: −0.007% → −0.022%: $1.48
Slippage, 4 orders: −$39.11
Fee MEXC: 2 bp × 2 orders: −$4
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$0.93
Costs to cover: 0.511%
Break-even: 7.1 days

Slippage from MEXC: live order book, 1 min ago; Pacifica: live order book, 1 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 MEXC live order book, 1 min ago	0.09 bp	20.4 bp −$20	32.0 bp −$320	79.9 bp −$7,990	230.6 bp −$115.3K
Sell Pacifica live order book, 1 min ago	2.47 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	586.04	−0.206%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.619%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	587.78	+0.089%	$1.0M	$663K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	586.76	−0.083%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	586.74	−0.087%	$1.1M	$1.6M	20x	as long as short
dYdX XMR-USD	+0.0104%	1h	586.42	−0.141%	$106K	$50K	5x	as long as short
Aevo XMR-PERP	+0.0184%	1h	587.78	+0.091%	$12K	—	3x	as long as short
MEXC XMR_USDTlong	+0.0427%	8h	587.25	long leg	$21.3M	$15.3M	100x
Binance XMRUSDT	+0.0428%	8h	587.26	+0.001%	$53.6M	$167.1M	75x	as long as short
Bitget XMRUSDT	+0.0554%	8h	587.12	−0.022%	$9.6M	$14.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin XMR-USDT	+0.0619%	8h	587.33	+0.014%	$2.8M	$11.5M	75x	as long as short
Aster XMRUSDT	+0.0620%	8h	586.60	−0.111%	$650K	$2.5M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0649%	1h	586.17	−0.184%	$5.6M	$20.5M	50x	as long as short
Pacifica XMRshort	+0.0659%	1h	587.21	−0.007%	$278K	$1.1M	10x
KuCoin XMRUSDTM	+0.0722%	8h	586.65	−0.102%	$48.1M	$26.1M	50x	as long as short
Gate XMR_USDT	+0.0727%	8h	586.46	−0.135%	$1.6M	$4.6M	50x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0869% / S −0.2458%	1h	585.88	−0.233%	$546K	—	100x	as long as short
Variational Omni XMR	+0.0884%	8h	587.59	+0.059%	$6.7M	$2.6M	—	as long as short
GRVT XMR_USDT_Perp	+0.0902%	8h	587.78	+0.090%	$347K	$792K	10x	as long as short
Backpack XMR_USDC_PERP	+0.0980%	1h	586.69	−0.095%	$184K	$535K	20x	as long as short
Orderly PERP_XMR_USDC	+0.1042%	8h	587.21	−0.007%	$42K	$739K	10x	as long as short
BingX XMR-USDT	+0.1111%	8h	587.32	+0.012%	—	$5.8M	—	as long as short
Polymarket Perps XMR-USD	+0.1123%	1h	587.25	0.000%	$46K	$1.9M	5x	as long as short
Bybit XMRUSDT	+0.1186%	8h	587.37	+0.020%	$47.3M	$64.8M	75x	as long as short
Lighter XMR	+0.1208%	1h	587.19	−0.010%	$3.3M	$7.2M	10x	as long as short
SoDEX XMR-USD	+0.1248%	1h	587.36	+0.019%	$446K	$3K	5x	as long as short
Paradex XMR-USD-PERP	+0.1271%	8h	587.24	−0.003%	$8K	$4K	20x	as long as short
Nado XMR-PERP	+0.1409%	1h	587.40	+0.026%	$1.3M	$465K	10x	as long as short
Hyperliquid XMR	+0.1938%	1h	587.30	+0.009%	$89.1M	$73.1M	5x	as long as short
Extended XMR-USD	+0.2456%	1h	587.10	−0.025%	$3.1M	$8.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2651%	1h	587.52	+0.046%	$1K	$46K	10x	as long as short