Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0297%/8h= −32.5% APRpaid last 24h −0.033%

Price spread now: KuCoin against Pacifica−0.052%46s7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$580.576% of the position

Long on Pacifica Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.149%−$15 on $10k

Price spread, last 7 days+0.048%+$5 · spread now −0.052%, 7d avg −0.055%

Together, before fees−0.101%+ Points / potential airdropPacifica: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.055%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.149% in total (about -7.8% 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	574.86	0.0682	pay 0.0085% / 1h	55m 58s	$265K	$1.0M	10x
Short	KuCoin XMRUSDTM	574.56	0.0385	get 0.0385% / 8h	3h 55m	$45.0M	$26.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$62.32
Price spread: −0.052% → −0.055%: $0.35
Slippage, 4 orders: −$37.62
Fee Pacifica: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$119.59
Costs to cover: 0.576%
Break-even: never at this rate

Slippage from Pacifica: live order book, 3 min ago; KuCoin: 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, 3 min ago	1.22 bp	12.6 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	3.91 bp	18.5 bp −$18	43.5 bp −$435	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 −0.0008%	1h	573.84	−0.177%	$50K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.338%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	576.01	+0.200%	$1.0M	$644K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	574.11	−0.130%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	575.59	+0.127%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	575.38	+0.090%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSD	+0.0225%	1h	573.75	−0.193%	$5.4M	$19.4M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0319%	1h	574.63	−0.040%	$169K	$534K	20x	as long as short
KuCoin XMRUSDTMshort	+0.0385%	8h	574.56	−0.052%	$45.0M	$26.5M	50x
Lighter XMR	+0.0408%	1h	575.07	+0.037%	$3.2M	$7.5M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XMR_USDT	+0.0447%	8h	574.48	−0.066%	$1.6M	$4.5M	50x	as long as short
Bybit XMRUSDT	+0.0482%	8h	575.74	+0.153%	$46.9M	$64.5M	75x	as long as short
BingX XMR-USDT	+0.0487%	8h	575.77	+0.159%	—	$5.6M	—	as long as short
Bitget XMRUSDT	+0.0511%	8h	575.55	+0.120%	$9.4M	$13.8M	50x	as long as short
MEXC XMR_USDT	+0.0513%	8h	575.50	+0.112%	$20.2M	$14.7M	100x	as long as short
Binance XMRUSDT	+0.0514%	8h	575.70	+0.146%	$52.7M	$164.1M	75x	as long as short
Polymarket Perps XMR-USD	+0.0553%	1h	574.38	−0.083%	$25K	$2.1M	5x	as long as short
dYdX XMR-USD	+0.0620%	1h	574.43	−0.074%	$104K	$44K	5x	as long as short
Pacifica XMRlong	+0.0682%	1h	574.86	long leg	$265K	$1.0M	10x
Aster XMRUSDT	+0.0682%	8h	574.56	−0.052%	$637K	$2.3M	75x	as long as short
Extended XMR-USD	+0.0720%	1h	575.35	+0.085%	$3.1M	$8.4M	25x	as long as short
BloFin XMR-USDT	+0.0824%	8h	575.21	+0.061%	$2.7M	$11.2M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0902%	8h	575.97	+0.193%	$345K	$721K	10x	as long as short
Paradex XMR-USD-PERP	+0.0925%	8h	574.86	0.000%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0989% / S −0.1254%	1h	573.53	−0.230%	$591K	—	100x	as long as short
Nado XMR-PERP	+0.1018%	1h	575.10	+0.042%	$1.3M	$460K	10x	as long as short
Variational Omni XMR	+0.1063%	8h	575.28	+0.074%	$6.5M	$2.2M	—	as long as short
Hyperliquid XMR	+0.1087%	1h	575.20	+0.059%	$86.5M	$71.2M	5x	as long as short
Orderly PERP_XMR_USDC	+0.1126%	8h	575.01	+0.026%	$40K	$735K	10x	as long as short
SoDEX XMR-USD	+0.1253%	1h	575.13	+0.047%	$437K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.1932%	1h	574.97	+0.020%	$1K	$44K	10x	as long as short