Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0174%/8h= −19.0% APRpaid last 24h +0.101%

Price spread now: Pacifica against Bybit−0.039%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$450.445% of the position

Long on Bybit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.282%+$28 on $10k

Price spread, last 7 days+0.047%+$5 · spread now −0.039%, 7d avg −0.001%

Together, before fees+0.329%+ Points / potential airdropPacifica: Active · farm board+$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Pacifica is 0.038% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.001%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.282%, 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	Bybit XMRUSDT	583.13	0.0995	pay 0.0995% / 8h	6h 43m	$47.0M	$65.1M	75x
Short	Pacifica XMR	582.90	0.0821	get 0.0103% / 1h	43m 21s	$268K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Bybit. 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 BybitbpFee PacificabpOrdersPrice spread, now −0.039%Rate

Funding earned: −$36.44
Price spread: −0.039% → −0.001%: −$3.8
Slippage, 4 orders: −$25.5
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$84.74
Costs to cover: 0.445%
Break-even: never at this rate

Slippage from Bybit: live order book, 6 min ago; Pacifica: live order book, 6 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 Bybit live order book, 6 min ago	2.37 bp	11.5 bp −$12	24.8 bp −$248	85.8 bp −$8,584	doesn't fit
Sell Pacifica live order book, 6 min ago	1.44 bp	11.8 bp −$12	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 −0.0009%	1h	581.71	−0.243%	$33K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+2.337%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	588.96	+0.999%	$1.0M	$666K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	582.30	−0.142%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	582.83	−0.051%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0200%	1h	583.03	−0.018%	$12K	—	3x	as long as short
Binance XMRUSDT	+0.0468%	8h	582.07	−0.181%	$53.2M	$168.1M	75x	as long as short
MEXC XMR_USDT	+0.0468%	8h	582.85	−0.048%	$21.0M	$15.2M	100x	as long as short
Gate XMR_USDT	+0.0492%	8h	582.52	−0.105%	$1.6M	$4.6M	50x	as long as short
dYdX XMR-USD	+0.0562%	1h	582.00	−0.194%	$105K	$50K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0577%	8h	582.47	−0.113%	$9.6M	$14.4M	50x	as long as short
Aster XMRUSDT	+0.0646%	8h	583.07	−0.010%	$648K	$2.5M	75x	as long as short
BloFin XMR-USDT	+0.0679%	8h	591.31	+1.403%	$2.7M	$11.6M	75x	as long as short
KuCoin XMRUSDTM	+0.0728%	8h	582.28	−0.146%	$47.7M	$26.1M	50x	as long as short
Pacifica XMRshort	+0.0821%	1h	582.90	−0.039%	$268K	$1.1M	10x
Backpack XMR_USDC_PERP	+0.0856%	1h	584.89	+0.302%	$183K	$535K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0914% / S −0.1124%	1h	581.35	−0.304%	$658K	—	100x	as long as short
GRVT XMR_USDT_Perp	+0.0949%	8h	585.49	+0.404%	$347K	$789K	10x	as long as short
Variational Omni XMR	+0.0967%	8h	588.98	+1.003%	$6.7M	$2.7M	—	as long as short
Polymarket Perps XMR-USD	+0.0979%	1h	582.47	−0.113%	$58K	$2.0M	5x	as long as short
BingX XMR-USDT	+0.0990%	8h	583.87	+0.127%	—	$5.8M	—	as long as short
Bybit XMRUSDTlong	+0.0995%	8h	583.13	long leg	$47.0M	$65.1M	75x
Lighter XMR	+0.1000%	1h	582.59	−0.092%	$3.3M	$7.2M	10x	as long as short
Orderly PERP_XMR_USDC	+0.1046%	8h	582.83	−0.051%	$42K	$735K	10x	as long as short
Paradex XMR-USD-PERP	+0.1240%	8h	582.68	−0.078%	$8K	$4K	20x	as long as short
Kraken Futures PF_XMRUSD	+0.1314%	1h	581.85	−0.219%	$5.5M	$20.5M	50x	as long as short
Nado XMR-PERP	+0.1434%	1h	582.82	−0.054%	$1.3M	$464K	10x	as long as short
SoDEX XMR-USD	+0.1449%	1h	582.86	−0.046%	$443K	$3K	5x	as long as short
Hyperliquid XMR	+0.1642%	1h	582.86	−0.046%	$88.0M	$73.3M	5x	as long as short
Extended XMR-USD	+0.2104%	1h	582.90	−0.040%	$3.2M	$8.2M	25x	as long as short
Aftermath Perps XMRUSD	+0.2747%	1h	586.16	+0.520%	$1K	$46K	10x	as long as short