Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0298%/8h= +32.6% APRpaid last 24h +0.002%

Price spread now: Pacifica against Binance−0.028%48s7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as 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−$480.478% of the position

Long on Binance Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 7 days+0.034%+$3 · spread now −0.028%, 7d avg −0.019%

Together, before fees+0.071%+ Points / potential airdropPacifica: Active · farm board+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.019%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate. The two prices were read 48 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 0.037% in total (about 1.9% 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	Binance XMRUSDT	586.62	0.0523	pay 0.0523% / 8h	6h 00m	$53.5M	$167.9M	75x
Short	Pacifica XMR	586.45	0.0821	get 0.0103% / 1h	0m 50s	$270K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Binance. 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 BinancebpFee PacificabpOrdersPrice spread, now −0.028%Rate

Funding earned: $62.55
Price spread: −0.028% → −0.019%: −$0.95
Slippage, 4 orders: −$29.82
Fee Binance: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $13.79
Costs to cover: 0.478%
Break-even: 5.5 days

Slippage from Binance: live order book, 12 min ago; Pacifica: 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 Binance live order book, 12 min ago	0.09 bp	9.3 bp −$9	24.8 bp −$248	doesn't fit	doesn't fit
Sell Pacifica live order book, 3 min ago	3.15 bp	10.9 bp −$11	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	585.49	−0.192%	$35K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.729%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	586.69	+0.012%	$1.0M	$669K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	585.96	−0.112%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	585.95	−0.114%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0216%	1h	586.30	−0.055%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0392%	1h	585.60	−0.173%	$106K	$50K	5x	as long as short
Binance XMRUSDTlong	+0.0523%	8h	586.62	long leg	$53.5M	$167.9M	75x
MEXC XMR_USDT	+0.0524%	8h	586.68	+0.011%	$20.9M	$15.3M	100x	as long as short
Bitget XMRUSDT	+0.0622%	8h	586.40	−0.037%	$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	+0.0712%	8h	586.66	+0.007%	$652K	$2.5M	75x	as long as short
BingX XMR-USDT	+0.0757%	8h	586.75	+0.023%	—	$5.8M	—	as long as short
Bybit XMRUSDT	+0.0766%	8h	586.72	+0.017%	$47.5M	$65.0M	75x	as long as short
KuCoin XMRUSDTM	+0.0779%	8h	586.14	−0.081%	$48.1M	$26.1M	50x	as long as short
Gate XMR_USDT	+0.0786%	8h	585.98	−0.109%	$1.6M	$4.6M	50x	as long as short
Pacifica XMRshort	+0.0821%	1h	586.45	−0.028%	$270K	$1.1M	10x
Polymarket Perps XMR-USD	+0.0873%	1h	586.10	−0.088%	$31K	$2.1M	5x	as long as short
Backpack XMR_USDC_PERP	+0.0875%	1h	586.01	−0.104%	$173K	$539K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0965% / S −0.1228%	1h	585.28	−0.228%	$652K	—	100x	as long as short
Lighter XMR	+0.0968%	1h	586.43	−0.032%	$3.3M	$7.2M	10x	as long as short
Variational Omni XMR	+0.1060%	8h	586.46	−0.026%	$6.7M	$2.5M	—	as long as short
GRVT XMR_USDT_Perp	+0.1061%	8h	586.38	−0.040%	$343K	$773K	10x	as long as short
Orderly PERP_XMR_USDC	+0.1081%	8h	586.64	+0.004%	$42K	$736K	10x	as long as short
Paradex XMR-USD-PERP	+0.1200%	8h	586.34	−0.048%	$8K	$4K	20x	as long as short
Kraken Futures PF_XMRUSD	+0.1305%	1h	585.50	−0.191%	$5.5M	$20.5M	50x	as long as short
Nado XMR-PERP	+0.1394%	1h	586.47	−0.025%	$1.3M	$466K	10x	as long as short
SoDEX XMR-USD	+0.1549%	1h	586.76	+0.024%	$446K	$3K	5x	as long as short
Hyperliquid XMR	+0.1585%	1h	586.64	+0.004%	$88.6M	$73.1M	5x	as long as short
Extended XMR-USD	+0.1752%	1h	586.50	−0.019%	$3.1M	$8.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2679%	1h	585.96	−0.112%	$1K	$46K	10x	as long as short