Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0232%/8h= −25.4% APRpaid last 24h +0.020%

Price spread now: Binance against Pacifica−0.080%7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$450.450% of the position

Long on Pacifica Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 7 days+0.060%+$6 · spread now −0.080%, 7d avg +0.018%

Together, before fees+0.024%+ Points / potential airdropPacifica: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Binance is 0.098% cheaper against Pacifica than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.018%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.036% in total (about -1.9% 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	Pacifica XMR	590.59	0.0619	pay 0.0077% / 1h	57m 39s	$268K	$1.1M	10x
Short	Binance XMRUSDT	590.12	0.0387	get 0.0387% / 8h	2h 57m	$54.2M	$162.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Pacifica. 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 PacificabpFee BinancebpOrdersPrice spread, now −0.080%Rate

Funding earned: −$48.62
Price spread: −0.080% → +0.018%: −$9.81
Slippage, 4 orders: −$27.02
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$103.44
Costs to cover: 0.450%
Break-even: never at this rate

Slippage from Pacifica: live order book, 1 min ago; Binance: live order book, 16 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 Pacifica live order book, 1 min ago	3.91 bp	11.0 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	0.77 bp	12.8 bp −$13	29.7 bp −$297	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
dYdX XMR-USD	0.0000%	1h	589.80	−0.134%	$107K	$49K	5x	as long as short
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0009%	1h	588.98	−0.273%	$44K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	554.47	−6.116%	$3K	$5K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	589.90	−0.117%	$47.1M	$60.7M	75x	as long as short
Backpack XMR_USDC_PERP	+0.0100%	1h	590.30	−0.049%	$214K	$556K	20x	as long as short
edgeX XMRUSDC	+0.0100%	4h	591.62	+0.174%	$1.1M	$673K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	589.12	−0.249%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0176%	1h	590.80	+0.036%	$12K	—	3x	as long as short
Polymarket Perps XMR-USD	+0.0315%	1h	589.84	−0.127%	$24K	$1.8M	5x	as long as short
Gate XMR_USDT	+0.0334%	8h	590.50	−0.015%	$1.6M	$4.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XMR	+0.0338%	8h	590.26	−0.055%	$6.9M	$2.8M	—	as long as short
MEXC XMR_USDT	+0.0387%	8h	590.50	−0.015%	$22.6M	$15.0M	100x	as long as short
Binance XMRUSDTshort	+0.0387%	8h	590.12	−0.080%	$54.2M	$162.4M	75x
BingX XMR-USDT	+0.0395%	8h	590.85	+0.044%	—	$5.8M	—	as long as short
Lighter XMR	+0.0400%	1h	590.43	−0.027%	$3.5M	$6.6M	10x	as long as short
Bitget XMRUSDT	+0.0415%	8h	591.11	+0.088%	$9.8M	$14.0M	50x	as long as short
Nado XMR-PERP	+0.0420%	1h	590.04	−0.093%	$1.3M	$478K	10x	as long as short
BloFin XMR-USDT	+0.0551%	8h	589.11	−0.251%	$2.8M	$11.2M	75x	as long as short
Aster XMRUSDT	+0.0576%	8h	589.50	−0.185%	$667K	$2.4M	75x	as long as short
KuCoin XMRUSDTM	+0.0616%	8h	590.14	−0.076%	$49.1M	$25.6M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0616%	1h	590.07	−0.088%	$5.5M	$20.3M	50x	as long as short
Pacifica XMRlong	+0.0619%	1h	590.59	long leg	$268K	$1.1M	10x
GRVT XMR_USDT_Perp	+0.0662%	8h	591.37	+0.132%	$346K	$798K	10x	as long as short
Paradex XMR-USD-PERP	+0.0740%	8h	590.51	−0.013%	$8K	$4K	20x	as long as short
SoDEX XMR-USD	+0.0819%	1h	589.83	−0.129%	$448K	$4K	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0837% / S −0.1411%	1h	588.91	−0.284%	$350K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0882%	8h	590.45	−0.024%	$48K	$729K	10x	as long as short
Extended XMR-USD	+0.1152%	1h	590.80	+0.035%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1451%	1h	591.49	+0.152%	$85.5M	$65.0M	5x	as long as short
Aftermath Perps XMRUSD	+0.2214%	1h	589.92	−0.114%	$1K	$47K	10x	as long as short
HTX XMR-USDT	+0.2253%	8h	589.89	−0.119%	$1.1M	$1.4M	20x	as long as short