Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0222%/8h= −24.3% APRpaid last 24h −0.049%

Price spread now: Pacifica against Variational Omni−0.236%7-day average −0.019% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.035%−$3 on $10k

Price spread, last 7 days+0.254%+$25 · spread now −0.236%, 7d avg −0.019%

Together, before fees+0.220%+ Points / potential airdropVariational Omni: Active · Pacifica: Active · farm board+$22 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 Pacifica is 0.217% cheaper against Variational Omni than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.019%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.035% in total (about -3.7% 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	Variational Omni XMR	586.31	0.1043	pay 0.1043% / 8h	6h 09m	$6.7M	$2.9M	—
Short	Pacifica XMR	584.93	0.0821	get 0.0103% / 1h	9m 35s	$269K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Variational Omni. 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 Variational OmnibpFee PacificabpOrdersPrice spread, now −0.236%Rate

Funding earned: −$46.62
Price spread: −0.236% → −0.019%: −$21.69
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$76.31
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Pacifica: live order book, 4 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 5 min ago	2.88 bp	doesn't fit	14.8 bp −$148	doesn't fit	doesn't fit
Sell Pacifica live order book, 4 min ago	1.96 bp	12.6 bp −$13	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	584.09	−0.379%	$35K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.782%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	586.30	−0.002%	$1.0M	$667K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	584.54	−0.302%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	585.00	−0.224%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	585.19	−0.191%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0389%	1h	583.73	−0.440%	$106K	$50K	5x	as long as short
Binance XMRUSDT	+0.0518%	8h	584.85	−0.250%	$53.3M	$168.3M	75x	as long as short
MEXC XMR_USDT	+0.0520%	8h	584.64	−0.285%	$20.8M	$15.3M	100x	as long as short
Bitget XMRUSDT	+0.0623%	8h	584.74	−0.268%	$9.6M	$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	585.00	−0.224%	$651K	$2.5M	75x	as long as short
Gate XMR_USDT	+0.0771%	8h	584.83	−0.253%	$1.6M	$4.6M	50x	as long as short
KuCoin XMRUSDTM	+0.0788%	8h	584.99	−0.226%	$48.0M	$26.1M	50x	as long as short
BingX XMR-USDT	+0.0796%	8h	585.07	−0.212%	—	$5.8M	—	as long as short
Pacifica XMRshort	+0.0821%	1h	584.93	−0.236%	$269K	$1.1M	10x
Bybit XMRUSDT	+0.0822%	8h	585.00	−0.224%	$47.3M	$65.0M	75x	as long as short
Polymarket Perps XMR-USD	+0.0930%	1h	585.09	−0.208%	$32K	$2.1M	5x	as long as short
Backpack XMR_USDC_PERP	+0.0947%	1h	584.39	−0.328%	$172K	$540K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0953% / S −0.1203%	1h	584.04	−0.388%	$651K	—	100x	as long as short
Lighter XMR	+0.1008%	1h	584.87	−0.246%	$3.3M	$7.2M	10x	as long as short
Variational Omni XMRlong	+0.1043%	8h	586.31	long leg	$6.7M	$2.9M	—
GRVT XMR_USDT_Perp	+0.1056%	8h	586.41	+0.017%	$343K	$795K	10x	as long as short
Orderly PERP_XMR_USDC	+0.1063%	8h	585.43	−0.150%	$42K	$736K	10x	as long as short
Paradex XMR-USD-PERP	+0.1245%	8h	584.91	−0.238%	$8K	$4K	20x	as long as short
Kraken Futures PF_XMRUSD	+0.1308%	1h	584.21	−0.359%	$5.5M	$20.5M	50x	as long as short
Nado XMR-PERP	+0.1471%	1h	585.37	−0.161%	$1.3M	$467K	10x	as long as short
SoDEX XMR-USD	+0.1624%	1h	585.31	−0.171%	$445K	$3K	5x	as long as short
Hyperliquid XMR	+0.1651%	1h	584.98	−0.227%	$88.3M	$73.1M	5x	as long as short
Extended XMR-USD	+0.1920%	1h	584.92	−0.238%	$3.1M	$8.1M	25x	as long as short
Aftermath Perps XMRUSD	+0.2780%	1h	585.95	−0.063%	$1K	$46K	10x	as long as short