Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h −0.132%

Price spread now: GRVT against Pacifica+0.058%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$470.474% of the position

Long on Pacifica Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 3 days (all we have)+0.802%+$80 · spread now +0.058%, 7d avg +0.005%

Together, before fees+0.779%+ Points / potential airdropPacifica: Active · GRVT: Active · farm board+$78 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and GRVT is 0.054% dearer against Pacifica than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XMR	590.21	0.0619	pay 0.0077% / 1h	52m 55s	$267K	$1.1M	10x
Short	GRVT XMR_USDT_Perp	590.56	0.0647	get 0.0647% / 8h	2h 52m	$346K	$798K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.058%Rate

Funding earned: $5.94
Price spread: +0.058% → +0.005%: $5.38
Slippage, 4 orders: −$30.42
Fee Pacifica: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$36.11
Costs to cover: 0.474%
Break-even: 49.6 days

Slippage from Pacifica: live order book, 1 min ago; GRVT: live order book, 35 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	3.98 bp	10.9 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 35 min ago	1.19 bp	12.7 bp −$13	doesn't fit	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	589.74	−0.080%	$107K	$49K	5x	as long as short
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0009%	1h	589.33	−0.150%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	554.47	−6.056%	$3K	$5K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	589.31	−0.153%	$47.1M	$60.6M	75x	as long as short
Backpack XMR_USDC_PERP	+0.0100%	1h	589.35	−0.146%	$210K	$556K	20x	as long as short
edgeX XMRUSDC	+0.0100%	4h	590.94	+0.124%	$1.0M	$672K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	589.62	−0.100%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0176%	1h	590.49	+0.046%	$12K	—	3x	as long as short
SoDEX XMR-USD	+0.0194%	1h	589.85	−0.061%	$448K	$4K	5x	as long as short
Polymarket Perps XMR-USD	+0.0225%	1h	590.37	+0.027%	$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	+0.0272%	1h	589.76	−0.076%	$3.4M	$6.6M	10x	as long as short
Gate XMR_USDT	+0.0320%	8h	589.96	−0.043%	$1.6M	$4.5M	50x	as long as short
Variational Omni XMR	+0.0332%	8h	590.44	+0.039%	$6.9M	$2.8M	—	as long as short
Binance XMRUSDT	+0.0384%	8h	589.77	−0.075%	$54.1M	$161.8M	75x	as long as short
MEXC XMR_USDT	+0.0386%	8h	589.64	−0.097%	$22.6M	$15.1M	100x	as long as short
BingX XMR-USDT	+0.0395%	8h	589.46	−0.127%	—	$5.8M	—	as long as short
Bitget XMRUSDT	+0.0408%	8h	589.93	−0.048%	$9.8M	$13.9M	50x	as long as short
BloFin XMR-USDT	+0.0539%	8h	589.91	−0.051%	$2.8M	$11.2M	75x	as long as short
Aster XMRUSDT	+0.0570%	8h	589.56	−0.111%	$667K	$2.4M	75x	as long as short
KuCoin XMRUSDTM	+0.0617%	8h	589.76	−0.077%	$49.0M	$25.5M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0618%	1h	589.01	−0.204%	$5.5M	$20.3M	50x	as long as short
Pacifica XMRlong	+0.0619%	1h	590.21	long leg	$267K	$1.1M	10x
Nado XMR-PERP	+0.0635%	1h	589.85	−0.062%	$1.3M	$477K	10x	as long as short
GRVT XMR_USDT_Perpshort	+0.0647%	8h	590.56	+0.058%	$346K	$798K	10x
Paradex XMR-USD-PERP	+0.0737%	8h	590.18	−0.006%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0838% / S −0.1411%	1h	589.37	−0.143%	$351K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0876%	8h	589.58	−0.107%	$48K	$729K	10x	as long as short
Extended XMR-USD	+0.1104%	1h	589.69	−0.088%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1462%	1h	590.65	+0.074%	$85.6M	$64.8M	5x	as long as short
Aftermath Perps XMRUSD	+0.2228%	1h	590.48	+0.046%	$1K	$47K	10x	as long as short
HTX XMR-USDT	+0.2283%	8h	590.23	+0.003%	$1.1M	$1.4M	20x	as long as short