Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0721%/8h= +79.0% APRpaid last 24h +0.135%

Price spread now: Pacifica against SunX+0.040%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$155as in the Price arb table

costs, in and out, $10k−$1521.519% of the position

Long on SunX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.411%+$41 on $10k

Price spread, last 3 days (all we have)+0.042%+$4 · spread now +0.040%, 7d avg +0.076%

Together, before fees+0.453%+ Points / potential airdropPacifica: Active · farm board+$45 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.036% cheaper against SunX than usual: you would sell low and buy high (spread +0.040% now, against its 7-day average of +0.076%). If the spread goes back, that is −$4 on $10k: about 4 hours of funding at the current rate (+$22 a day). At the pace of the last 7 days (+0.411% in total) that is about 15 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.411% in total (about 21.4% 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	SunX XMR-USDT	583.73	0.0100	pay 0.0100% / 8h	6h 08m	$2K	$1.9M	20x
Short	Pacifica XMR	583.97	0.0821	get 0.0103% / 1h	8m 03s	$269K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against SunX. 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 SunXbpFee PacificabpOrdersPrice spread, now +0.040%Rate

Funding earned: $151.47
Price spread: +0.040% → +0.076%: −$3.56
Slippage, 4 orders: −$135.89
Fee SunX: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$3.98
Costs to cover: 1.519%
Break-even: 7.2 days

Slippage from SunX: live order book, 8 min ago; Pacifica: live order book, 1 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 SunX live order book, 8 min ago	48.37 bp	70.4 bp −$70	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 1 min ago	2.65 bp	9.9 bp −$10	doesn't fit	doesn't fit	doesn't fit

XMR on 30 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 −0.0010%	1h	583.00	−0.125%	$34K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+2.232%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	586.30	+0.440%	$1.0M	$667K	10x	as long as short
SunX XMR-USDTlong	+0.0100%	8h	583.73	long leg	$2K	$1.9M	20x
HTX XMR-USDT	+0.0100%	8h	583.98	+0.043%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	584.31	+0.099%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0403%	1h	583.21	−0.089%	$106K	$50K	5x	as long as short
MEXC XMR_USDT	+0.0517%	8h	584.32	+0.101%	$20.8M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0518%	8h	584.03	+0.051%	$53.3M	$168.2M	75x	as long as short
Bitget XMRUSDT	+0.0623%	8h	583.44	−0.050%	$9.5M	$14.2M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XMRUSDT	+0.0700%	8h	583.62	−0.019%	$650K	$2.5M	75x	as long as short
Gate XMR_USDT	+0.0772%	8h	583.33	−0.069%	$1.6M	$4.6M	50x	as long as short
KuCoin XMRUSDTM	+0.0783%	8h	584.18	+0.077%	$47.9M	$26.1M	50x	as long as short
BingX XMR-USDT	+0.0796%	8h	584.21	+0.082%	—	$5.8M	—	as long as short
Bybit XMRUSDT	+0.0820%	8h	584.04	+0.053%	$47.3M	$65.0M	75x	as long as short
Pacifica XMRshort	+0.0821%	1h	583.97	+0.040%	$269K	$1.1M	10x
Polymarket Perps XMR-USD	+0.0910%	1h	583.74	+0.002%	$32K	$2.1M	5x	as long as short
Backpack XMR_USDC_PERP	+0.0921%	1h	583.64	−0.015%	$172K	$539K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0952% / S −0.1203%	1h	582.96	−0.132%	$650K	—	100x	as long as short
Lighter XMR	+0.0984%	1h	584.09	+0.062%	$3.3M	$7.2M	10x	as long as short
Variational Omni XMR	+0.1043%	8h	586.31	+0.442%	$6.7M	$2.9M	—	as long as short
GRVT XMR_USDT_Perp	+0.1050%	8h	586.14	+0.413%	$343K	$795K	10x	as long as short
Orderly PERP_XMR_USDC	+0.1065%	8h	584.02	+0.050%	$42K	$736K	10x	as long as short
Paradex XMR-USD-PERP	+0.1240%	8h	584.02	+0.050%	$8K	$4K	20x	as long as short
Kraken Futures PF_XMRUSD	+0.1311%	1h	583.02	−0.122%	$5.5M	$20.5M	50x	as long as short
Nado XMR-PERP	+0.1459%	1h	584.24	+0.088%	$1.3M	$467K	10x	as long as short
SoDEX XMR-USD	+0.1595%	1h	584.30	+0.098%	$444K	$3K	5x	as long as short
Hyperliquid XMR	+0.1636%	1h	583.83	+0.017%	$88.2M	$73.1M	5x	as long as short
Extended XMR-USD	+0.1864%	1h	583.48	−0.043%	$3.1M	$8.1M	25x	as long as short
Aftermath Perps XMRUSD	+0.2761%	1h	585.08	+0.231%	$2K	$46K	10x	as long as short