Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0234%/8h= −25.6% APRpaid last 24h +0.001%

Price spread now: MEXC against Pacifica−0.016%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$470.475% of the position

Long on Pacifica Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 7 days−0.007%−$1 · spread now −0.016%, 7d avg +0.022%

Together, before fees−0.040%+ Points / potential airdropPacifica: Active · farm board−$4 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 MEXC is 0.037% cheaper against Pacifica than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.022%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.034% in total (about -1.7% 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	587.65	0.0659	pay 0.0082% / 1h	14m 38s	$278K	$1.1M	10x
Short	MEXC XMR_USDT	587.56	0.0425	get 0.0425% / 8h	7h 14m	$21.3M	$15.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$49.11
Price spread: −0.016% → +0.022%: −$3.74
Slippage, 4 orders: −$35.5
Fee Pacifica: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$100.35
Costs to cover: 0.475%
Break-even: never at this rate

Slippage from Pacifica: live order book, 4 min ago; MEXC: 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, 4 min ago	7.41 bp	13.9 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.09 bp	11.9 bp −$12	32.8 bp −$328	75.7 bp −$7,575	225.6 bp −$112.8K

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	586.52	−0.193%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.550%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	587.75	+0.016%	$1.0M	$662K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	587.13	−0.089%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	586.96	−0.118%	$1.1M	$1.6M	20x	as long as short
dYdX XMR-USD	+0.0106%	1h	585.89	−0.300%	$106K	$50K	5x	as long as short
Aevo XMR-PERP	+0.0184%	1h	587.18	−0.080%	$12K	—	3x	as long as short
MEXC XMR_USDTshort	+0.0425%	8h	587.56	−0.016%	$21.3M	$15.3M	100x
Binance XMRUSDT	+0.0428%	8h	587.85	+0.034%	$53.6M	$167.1M	75x	as long as short
Bitget XMRUSDT	+0.0553%	8h	587.84	+0.032%	$9.7M	$14.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin XMR-USDT	+0.0616%	8h	587.79	+0.023%	$2.8M	$11.5M	75x	as long as short
Aster XMRUSDT	+0.0617%	8h	586.94	−0.121%	$652K	$2.5M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0648%	1h	586.45	−0.204%	$5.6M	$20.5M	50x	as long as short
Pacifica XMRlong	+0.0659%	1h	587.65	long leg	$278K	$1.1M	10x
Gate XMR_USDT	+0.0717%	8h	587.25	−0.068%	$1.6M	$4.6M	50x	as long as short
KuCoin XMRUSDTM	+0.0719%	8h	587.62	−0.006%	$48.2M	$26.1M	50x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0869% / S −0.2458%	1h	586.31	−0.229%	$546K	—	100x	as long as short
GRVT XMR_USDT_Perp	+0.0869%	8h	586.60	−0.179%	$347K	$792K	10x	as long as short
Variational Omni XMR	+0.0884%	8h	587.59	−0.010%	$6.7M	$2.6M	—	as long as short
Backpack XMR_USDC_PERP	+0.0971%	1h	587.12	−0.091%	$184K	$535K	20x	as long as short
Orderly PERP_XMR_USDC	+0.1041%	8h	587.41	−0.041%	$42K	$739K	10x	as long as short
BingX XMR-USDT	+0.1111%	8h	588.26	+0.103%	—	$5.8M	—	as long as short
Polymarket Perps XMR-USD	+0.1113%	1h	587.74	+0.015%	$47K	$1.9M	5x	as long as short
Bybit XMRUSDT	+0.1196%	8h	587.53	−0.021%	$47.3M	$64.8M	75x	as long as short
SoDEX XMR-USD	+0.1216%	1h	587.40	−0.043%	$446K	$3K	5x	as long as short
Lighter XMR	+0.1216%	1h	587.48	−0.029%	$3.3M	$7.2M	10x	as long as short
Paradex XMR-USD-PERP	+0.1271%	8h	587.26	−0.066%	$8K	$4K	20x	as long as short
Nado XMR-PERP	+0.1405%	1h	587.89	+0.040%	$1.3M	$465K	10x	as long as short
Hyperliquid XMR	+0.1947%	1h	587.53	−0.021%	$89.2M	$73.1M	5x	as long as short
Extended XMR-USD	+0.2464%	1h	587.91	+0.043%	$3.1M	$8.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2650%	1h	587.84	+0.031%	$1K	$46K	10x	as long as short