Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h −0.022%

Price spread now: Bitget against Pacifica−0.008%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$550.552% of the position

Long on Pacifica Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.142%−$14 on $10k

Price spread, last 7 days−0.022%−$2 · spread now −0.008%, 7d avg +0.015%

Together, before fees−0.163%+ Points / potential airdropPacifica: Active · farm board−$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.023% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.008% now, against its 7-day average of +0.015%). If the spread goes back, that is −$2 on $10k: about 2.3 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.142%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XMR	600.59	0.0387	pay 0.0048% / 1h	0m 11s	$283K	$1.0M	10x
Short	Bitget XMRUSDT	600.54	0.0420	get 0.0420% / 8h	1h 00m	$10.0M	$14.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.008%Rate

Funding earned: $6.87
Price spread: −0.008% → +0.015%: −$2.3
Slippage, 4 orders: −$35.16
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$50.59
Costs to cover: 0.552%
Break-even: 58.5 days

Slippage from Pacifica: live order book, 4 min ago; Bitget: live order book, 3 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, 4 min ago	3.17 bp	11.1 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	2.76 bp	15.1 bp −$15	23.9 bp −$239	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	599.75	−0.140%	$45K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	600.68	+0.015%	$48.8M	$62.3M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	598.65	−0.324%	$1.1M	$666K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	599.88	−0.118%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0160%	1h	600.34	−0.042%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0325%	8h	600.70	+0.018%	$22.4M	$15.0M	100x	as long as short
Binance XMRUSDT	+0.0326%	8h	600.54	−0.008%	$55.0M	$163.5M	75x	as long as short
Variational Omni XMR	+0.0347%	8h	599.64	−0.158%	$6.9M	$2.5M	—	as long as short
Kraken Futures PF_XMRUSD	+0.0380%	1h	599.43	−0.193%	$5.7M	$20.3M	50x	as long as short
Pacifica XMRlong	+0.0387%	1h	600.59	long leg	$283K	$1.0M	10x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX XMR-USDT	+0.0396%	8h	600.68	+0.015%	—	$5.7M	—	as long as short
Bitget XMRUSDTshort	+0.0420%	8h	600.54	−0.008%	$10.0M	$14.2M	50x
BloFin XMR-USDT	+0.0459%	8h	599.64	−0.158%	$2.8M	$11.6M	75x	as long as short
Lighter XMR	+0.0488%	1h	600.00	−0.098%	$3.4M	$6.9M	10x	as long as short
Gate XMR_USDT	+0.0553%	8h	599.74	−0.142%	$1.7M	$4.6M	50x	as long as short
KuCoin XMRUSDTM	+0.0567%	8h	600.24	−0.058%	$48.9M	$25.9M	50x	as long as short
Aster XMRUSDT	+0.0574%	8h	600.48	−0.018%	$687K	$2.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0608%	8h	598.06	−0.422%	$349K	$797K	10x	as long as short
Injective XMR/USDC PERP	+0.0695%	1h	596.76	−0.638%	$3K	$6K	12x	as long as short
SoDEX XMR-USD	+0.0763%	1h	600.42	−0.028%	$456K	$3K	5x	as long as short
Polymarket Perps XMR-USD	+0.0780%	1h	600.82	+0.038%	$23K	$1.8M	5x	as long as short
Paradex XMR-USD-PERP	+0.0856%	8h	600.29	−0.050%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0885% / S −0.2391%	1h	599.74	−0.142%	$546K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0958%	8h	600.22	−0.062%	$44K	$729K	10x	as long as short
Backpack XMR_USDC_PERP	+0.0993%	1h	600.14	−0.075%	$204K	$575K	20x	as long as short
Nado XMR-PERP	+0.1184%	1h	600.85	+0.042%	$1.3M	$475K	10x	as long as short
Extended XMR-USD	+0.1824%	1h	600.66	+0.011%	$3.1M	$6.9M	25x	as long as short
Hyperliquid XMR	+0.1852%	1h	601.05	+0.077%	$90.3M	$69.7M	5x	as long as short
HTX XMR-USDT	+0.1950%	8h	597.00	−0.598%	$1.1M	$1.5M	20x	as long as short
dYdX XMR-USD	+0.2154%	1h	599.00	−0.265%	$109K	$50K	5x	as long as short
Aftermath Perps XMRUSD	+0.2353%	1h	598.72	−0.311%	$2K	$47K	10x	as long as short