Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0057%/8h= −6.3% APRpaid last 24h +0.064%

Price spread now: Pacifica against Bitget−0.080%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$450.453% of the position

Long on Bitget Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.141%+$14 on $10k

Price spread, last 7 days+0.030%+$3 · spread now −0.080%, 7d avg −0.013%

Together, before fees+0.171%+ Points / potential airdropPacifica: Active · farm board+$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Pacifica is 0.066% cheaper against Bitget than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.013%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.141%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XMRUSDT	572.38	0.0607	pay 0.0607% / 8h	7h 03m	$9.3M	$10.1M	50x
Short	Pacifica XMR	571.92	0.0550	get 0.0069% / 1h	3m 20s	$270K	$736K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Bitget. 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 BitgetbpFee PacificabpOrdersPrice spread, now −0.080%Rate

Funding earned: −$12.07
Price spread: −0.080% → −0.013%: −$6.61
Slippage, 4 orders: −$25.31
Fee Bitget: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$63.99
Costs to cover: 0.453%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Pacifica: live order book, 45 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 Bitget live order book, 5 min ago	0.35 bp	10.2 bp −$10	17.8 bp −$178	79.6 bp −$7,959	doesn't fit
Sell Pacifica live order book, 45 min ago	4.52 bp	13.0 bp −$13	doesn't fit	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 −0.0005%	1h	570.79	−0.278%	$34K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.777%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	571.04	−0.235%	$1.0M	$529K	10x	as long as short
Polymarket Perps XMR-USD	+0.0100%	1h	571.74	−0.112%	$30K	$1.5M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	571.17	−0.211%	$2K	$1.1M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	570.75	−0.285%	$1.1M	$1.0M	20x	as long as short
Aevo XMR-PERP	+0.0200%	1h	572.21	−0.031%	$12K	—	3x	as long as short
Lighter XMR	+0.0320%	1h	571.56	−0.143%	$3.0M	$5.6M	10x	as long as short
Kraken Futures PF_XMRUSD	+0.0372%	1h	571.01	−0.239%	$5.4M	$7.5M	50x	as long as short
Gate XMR_USDT	+0.0417%	8h	571.70	−0.119%	$1.6M	$2.7M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XMRUSDTM	+0.0453%	8h	571.93	−0.079%	$45.4M	$17.0M	50x	as long as short
MEXC XMR_USDT	+0.0463%	8h	572.01	−0.065%	$19.9M	$9.7M	100x	as long as short
Binance XMRUSDT	+0.0464%	8h	571.94	−0.077%	$52.3M	$97.9M	75x	as long as short
Bybit XMRUSDT	+0.0487%	8h	572.14	−0.042%	$46.4M	$47.0M	75x	as long as short
Pacifica XMRshort	+0.0550%	1h	571.92	−0.080%	$270K	$736K	10x
BingX XMR-USDT	+0.0561%	8h	572.12	−0.045%	—	$5.0M	—	as long as short
Aster XMRUSDT	+0.0567%	8h	571.20	−0.206%	$660K	$1.5M	75x	as long as short
Hyperliquid XMR	+0.0590%	1h	571.92	−0.080%	$86.8M	$55.9M	5x	as long as short
Bitget XMRUSDTlong	+0.0607%	8h	572.38	long leg	$9.3M	$10.1M	50x
Extended XMR-USD	+0.0616%	1h	571.95	−0.074%	$3.0M	$7.3M	25x	as long as short
GRVT XMR_USDT_Perp	+0.0707%	8h	570.25	−0.373%	$331K	$639K	10x	as long as short
Paradex XMR-USD-PERP	+0.0730%	8h	571.63	−0.131%	$8K	$1K	20x	as long as short
BloFin XMR-USDT	+0.0780%	8h	572.19	−0.033%	$2.7M	$9.6M	75x	as long as short
Variational Omni XMR	+0.0787%	8h	572.38	0.000%	$6.1M	$2.4M	—	as long as short
Nado XMR-PERP	+0.0979%	1h	572.03	−0.062%	$1.2M	$233K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0982% / S −0.1195%	1h	570.49	−0.330%	$593K	—	100x	as long as short
SoDEX XMR-USD	+0.1052%	1h	572.08	−0.052%	$435K	$4K	5x	as long as short
Orderly PERP_XMR_USDC	+0.1092%	8h	571.98	−0.070%	$41K	$394K	10x	as long as short
Backpack XMR_USDC_PERP	+0.1192%	1h	571.43	−0.166%	$128K	$415K	20x	as long as short
dYdX XMR-USD	+0.1835%	1h	570.59	−0.312%	$103K	$26K	5x	as long as short
Aftermath Perps XMRUSD	+0.2052%	1h	571.86	−0.090%	$1K	$38K	10x	as long as short