Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h −0.196%

Price spread now: Pacifica against Orderly+0.061%7-day average +0.016% · you sell dearer than you buy

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

Long on Orderly Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.772%−$77 on $10k

Price spread, last 4 days (all we have)−0.303%−$30 · spread now +0.061%, 7d avg +0.016%

Together, before fees−1.076%+ Points / potential airdropPacifica: Active · farm board−$108 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.045% dearer against Orderly than usual: you sell high and buy low (spread +0.061% now, against its 7-day average of +0.016%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 31 hours. At the pace of the last 7 days (−0.772% in total) that is about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_XMR_USDC	587.01	0.1112	pay 0.1112% / 8h	5h 16m	$41K	$721K	10x
Short	Pacifica XMR	587.37	0.0996	get 0.0125% / 1h	16m 07s	$273K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Orderly. 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 OrderlybpFee PacificabpOrdersPrice spread, now +0.061%Rate

Funding earned: −$24.33
Price spread: +0.061% → +0.016%: $4.54
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$33.8
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Pacifica: live order book, 3 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 Orderly no order-book sample	—	—	—	—	—
Sell Pacifica live order book, 3 min ago	2.81 bp	8.8 bp −$9	doesn't fit	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0010%	1h	586.23	−0.133%	$47K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	−0.760%	$3K	$6K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	587.70	+0.118%	$1.0M	$658K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	586.60	−0.070%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	586.95	−0.010%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	587.25	+0.040%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0281%	1h	586.12	−0.152%	$106K	$50K	5x	as long as short
Polymarket Perps XMR-USD	+0.0331%	1h	586.73	−0.048%	$23K	$2.1M	5x	as long as short
Binance XMRUSDT	+0.0515%	8h	586.92	−0.015%	$53.4M	$165.9M	75x	as long as short
MEXC XMR_USDT	+0.0518%	8h	587.13	+0.020%	$20.9M	$15.2M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XMR	+0.0520%	1h	586.92	−0.015%	$3.3M	$7.2M	10x	as long as short
Bybit XMRUSDT	+0.0543%	8h	586.90	−0.019%	$47.6M	$64.2M	75x	as long as short
Gate XMR_USDT	+0.0563%	8h	586.39	−0.106%	$1.6M	$4.5M	50x	as long as short
BingX XMR-USDT	+0.0581%	8h	586.87	−0.024%	—	$5.7M	—	as long as short
Bitget XMRUSDT	+0.0606%	8h	587.14	+0.022%	$9.6M	$14.1M	50x	as long as short
Aster XMRUSDT	+0.0724%	8h	586.91	−0.017%	$661K	$2.4M	75x	as long as short
KuCoin XMRUSDTM	+0.0730%	8h	586.99	−0.003%	$48.2M	$26.0M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0747%	1h	586.54	−0.080%	$172K	$536K	20x	as long as short
BloFin XMR-USDT	+0.0794%	8h	587.57	+0.095%	$2.7M	$11.5M	75x	as long as short
Paradex XMR-USD-PERP	+0.0939%	8h	587.26	+0.043%	$8K	$4K	20x	as long as short
Kraken Futures PF_XMRUSD	+0.0952%	1h	585.76	−0.213%	$5.5M	$19.6M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0966%	8h	587.71	+0.119%	$341K	$764K	10x	as long as short
Nado XMR-PERP	+0.0979%	1h	587.20	+0.033%	$1.3M	$463K	10x	as long as short
Pacifica XMRshort	+0.0996%	1h	587.37	+0.061%	$273K	$1.1M	10x
GMX XMR/USD [WBTC.b-USDC]	L +0.1043% / S −0.1407%	1h	586.17	−0.143%	$653K	—	100x	as long as short
Variational Omni XMR	+0.1072%	8h	587.04	+0.005%	$6.7M	$2.4M	—	as long as short
Hyperliquid XMR	+0.1088%	1h	586.96	−0.009%	$88.3M	$71.2M	5x	as long as short
Orderly PERP_XMR_USDClong	+0.1112%	8h	587.01	long leg	$41K	$721K	10x
SoDEX XMR-USD	+0.1149%	1h	587.12	+0.019%	$446K	$3K	5x	as long as short
Extended XMR-USD	+0.1176%	1h	586.95	−0.010%	$3.2M	$8.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2499%	1h	587.26	+0.043%	$1K	$45K	10x	as long as short