Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0224%/8h= −24.5% APRpaid last 24h +0.026%

Price spread now: BingX against Pacifica−0.071%7-day average +0.014% · 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−$54as in the Price arb table

costs, in and out, $10k−$460.455% of the position

Long on Pacifica Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 7 days+0.046%+$5 · spread now −0.071%, 7d avg +0.014%

Together, before fees+0.025%+ Points / potential airdropPacifica: Active · farm board+$3 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 BingX is 0.085% cheaper against Pacifica than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.014%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.020% in total (about -1.1% 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	590.94	0.0619	pay 0.0077% / 1h	56m 19s	$268K	$1.1M	10x
Short	BingX XMR-USDT	590.52	0.0395	get 0.0395% / 8h	2h 56m	—	$5.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.071%Rate

Funding earned: −$46.98
Price spread: −0.071% → +0.014%: −$8.52
Slippage, 4 orders: −$27.53
Fee Pacifica: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$101.03
Costs to cover: 0.455%
Break-even: never at this rate

Slippage from Pacifica: live order book, 3 min ago; BingX: live order book, 9 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, 3 min ago	3.91 bp	11.0 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	0.59 bp	13.0 bp −$13	25.4 bp −$254	80.2 bp −$8,018	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	589.74	−0.203%	$107K	$49K	5x	as long as short
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0009%	1h	590.05	−0.150%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	554.47	−6.172%	$3K	$5K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	590.26	−0.115%	$47.1M	$60.6M	75x	as long as short
Backpack XMR_USDC_PERP	+0.0100%	1h	589.19	−0.297%	$214K	$556K	20x	as long as short
edgeX XMRUSDC	+0.0100%	4h	589.06	−0.318%	$1.0M	$671K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	589.76	−0.200%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0176%	1h	590.83	−0.019%	$12K	—	3x	as long as short
SoDEX XMR-USD	+0.0290%	1h	590.62	−0.055%	$449K	$4K	5x	as long as short
Polymarket Perps XMR-USD	+0.0309%	1h	590.64	−0.051%	$24K	$1.8M	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XMR	+0.0320%	1h	590.31	−0.107%	$3.5M	$6.6M	10x	as long as short
Gate XMR_USDT	+0.0334%	8h	589.96	−0.166%	$1.6M	$4.5M	50x	as long as short
Variational Omni XMR	+0.0338%	8h	590.26	−0.115%	$6.9M	$2.8M	—	as long as short
MEXC XMR_USDT	+0.0387%	8h	590.46	−0.082%	$22.6M	$15.1M	100x	as long as short
Binance XMRUSDT	+0.0389%	8h	590.20	−0.126%	$54.2M	$162.3M	75x	as long as short
BingX XMR-USDTshort	+0.0395%	8h	590.52	−0.071%	—	$5.8M	—
Bitget XMRUSDT	+0.0413%	8h	590.43	−0.087%	$9.8M	$13.9M	50x	as long as short
BloFin XMR-USDT	+0.0547%	8h	589.79	−0.195%	$2.5M	$11.2M	75x	as long as short
Aster XMRUSDT	+0.0579%	8h	590.33	−0.103%	$668K	$2.4M	75x	as long as short
Nado XMR-PERP	+0.0597%	1h	590.45	−0.083%	$1.3M	$478K	10x	as long as short
Kraken Futures PF_XMRUSD	+0.0617%	1h	589.81	−0.192%	$5.5M	$20.3M	50x	as long as short
KuCoin XMRUSDTM	+0.0618%	8h	590.37	−0.097%	$49.1M	$25.6M	50x	as long as short
Pacifica XMRlong	+0.0619%	1h	590.94	long leg	$268K	$1.1M	10x
GRVT XMR_USDT_Perp	+0.0650%	8h	588.42	−0.427%	$345K	$798K	10x	as long as short
Paradex XMR-USD-PERP	+0.0738%	8h	590.80	−0.023%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0838% / S −0.1411%	1h	590.05	−0.151%	$351K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0879%	8h	590.67	−0.046%	$48K	$729K	10x	as long as short
Extended XMR-USD	+0.1136%	1h	590.57	−0.064%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1435%	1h	591.32	+0.064%	$85.6M	$65.1M	5x	as long as short
Aftermath Perps XMRUSD	+0.2223%	1h	590.35	−0.101%	$1K	$47K	10x	as long as short
HTX XMR-USDT	+0.2277%	8h	590.23	−0.121%	$1.1M	$1.4M	20x	as long as short