Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0124%/8h= −13.6% APRpaid last 24h +0.032%

Price spread now: Gate against Pacifica−0.142%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$680.680% of the position

Long on Pacifica Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.207%+$21 on $10k

Price spread, last 7 days+0.080%+$8 · spread now −0.142%, 7d avg −0.051%

Together, before fees+0.287%+ Points / potential airdropPacifica: Active · farm board+$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.090% cheaper against Pacifica than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.051%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.207%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XMR	582.14	0.0626	pay 0.0078% / 1h	53m 52s	$268K	$1.1M	10x
Short	Gate XMR_USDT	581.32	0.0502	get 0.0502% / 8h	4h 53m	$1.6M	$4.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.142%Rate

Funding earned: −$26.12
Price spread: −0.142% → −0.051%: −$9.03
Slippage, 4 orders: −$45.03
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$103.19
Costs to cover: 0.680%
Break-even: never at this rate

Slippage from Pacifica: live order book, 5 min ago; Gate: live order book, 4 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, 5 min ago	2.49 bp	11.5 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	1.80 bp	28.3 bp −$28	42.8 bp −$428	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
Injective XMR/USDC PERP	−0.0136%	1h	582.55	+0.070%	$3K	$3K	12x	as long as short
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0010%	1h	580.73	−0.243%	$46K	—	150x	as long as short
edgeX XMRUSDC	+0.0100%	4h	581.61	−0.092%	$1.0M	$654K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	581.00	−0.197%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	582.34	+0.034%	$1.1M	$1.6M	20x	as long as short
Polymarket Perps XMR-USD	+0.0137%	1h	581.58	−0.097%	$22K	$2.1M	5x	as long as short
Kraken Futures PF_XMRUSD	+0.0148%	1h	580.26	−0.323%	$5.5M	$19.6M	50x	as long as short
Lighter XMR	+0.0152%	1h	581.46	−0.117%	$3.2M	$7.2M	10x	as long as short
Aevo XMR-PERP	+0.0200%	1h	581.45	−0.119%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0370%	1h	581.54	−0.104%	$105K	$44K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit XMRUSDT	+0.0452%	8h	581.33	−0.140%	$47.2M	$63.7M	75x	as long as short
Binance XMRUSDT	+0.0497%	8h	581.31	−0.143%	$52.9M	$164.7M	75x	as long as short
MEXC XMR_USDT	+0.0499%	8h	581.45	−0.119%	$20.7M	$14.9M	100x	as long as short
Gate XMR_USDTshort	+0.0502%	8h	581.32	−0.142%	$1.6M	$4.4M	50x
BingX XMR-USDT	+0.0557%	8h	581.31	−0.143%	—	$5.6M	—	as long as short
Bitget XMRUSDT	+0.0584%	8h	581.51	−0.109%	$9.5M	$13.8M	50x	as long as short
Pacifica XMRlong	+0.0626%	1h	582.14	long leg	$268K	$1.1M	10x
Backpack XMR_USDC_PERP	+0.0637%	1h	581.05	−0.188%	$170K	$534K	20x	as long as short
KuCoin XMRUSDTM	+0.0647%	8h	580.97	−0.202%	$47.7M	$25.3M	50x	as long as short
Nado XMR-PERP	+0.0658%	1h	582.26	+0.020%	$1.3M	$462K	10x	as long as short
Aster XMRUSDT	+0.0711%	8h	581.36	−0.135%	$654K	$2.4M	75x	as long as short
Hyperliquid XMR	+0.0742%	1h	581.23	−0.157%	$87.4M	$70.8M	5x	as long as short
BloFin XMR-USDT	+0.0764%	8h	582.32	+0.030%	$2.7M	$11.3M	75x	as long as short
SoDEX XMR-USD	+0.0810%	1h	581.62	−0.090%	$442K	$3K	5x	as long as short
Paradex XMR-USD-PERP	+0.0851%	8h	582.44	+0.052%	$8K	$4K	20x	as long as short
GRVT XMR_USDT_Perp	+0.0886%	8h	581.84	−0.052%	$338K	$741K	10x	as long as short
Extended XMR-USD	+0.0888%	1h	581.22	−0.158%	$3.1M	$8.2M	25x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0993% / S −0.1252%	1h	580.56	−0.272%	$598K	—	100x	as long as short
Variational Omni XMR	+0.1048%	8h	581.73	−0.071%	$6.6M	$2.4M	—	as long as short
Orderly PERP_XMR_USDC	+0.1104%	8h	581.39	−0.130%	$41K	$720K	10x	as long as short
Aftermath Perps XMRUSD	+0.2340%	1h	581.51	−0.108%	$1K	$45K	10x	as long as short