Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0896%/8h= +98.1% APRpaid last 24h +0.173%

Price spread now: Pacifica against edgeX−0.411%52s7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as 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−$540.542% of the position

Long on edgeX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.426%+$43 on $10k

Price spread, last 4 days (all we have)−1.212%−$121 · spread now −0.411%, 7d avg −0.031%

Together, before fees−0.786%+ Points / potential airdropedgeX: Active · Pacifica: Active · farm board−$79 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.380% cheaper against edgeX than usual: you would sell low and buy high (spread −0.411% now, against its 7-day average of −0.031%). If the spread goes back, that is −$38 on $10k: about 34 hours of funding at the current rate (+$27 a day). At the pace of the last 7 days (+0.426% in total) that is about 6.3 days. The two prices were read 52 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 0.426% in total (about 22.2% 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	edgeX XMRUSDC	586.49	0.0100	pay 0.0050% / 4h	1h 57m	$1.0M	$670K	10x
Short	Pacifica XMR	584.08	0.0996	get 0.0125% / 1h	57m 57s	$269K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against edgeX. 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 edgeXbpFee PacificabpOrdersPrice spread, now −0.411%Rate

Funding earned: $188.18
Price spread: −0.411% → −0.031%: −$38.04
Slippage, 4 orders: −$37.17
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $95.96
Costs to cover: 0.542%
Break-even: 3.4 days

Slippage from edgeX: live order book, 1 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 edgeX live order book, 1 min ago	10.53 bp	15.0 bp −$15	16.4 bp −$164	doesn't fit	doesn't fit
Sell Pacifica live order book, 1 min ago	3.00 bp	10.6 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	582.98	−0.598%	$34K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.751%	$3K	$4K	12x	as long as short
dYdX XMR-USD	+0.0081%	1h	583.18	−0.565%	$106K	$50K	5x	as long as short
edgeX XMRUSDClong	+0.0100%	4h	586.49	long leg	$1.0M	$670K	10x
SunX XMR-USDT	+0.0100%	8h	583.32	−0.541%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	583.92	−0.439%	$1.1M	$1.6M	20x	as long as short
Backpack XMR_USDC_PERP	+0.0125%	1h	583.20	−0.561%	$172K	$538K	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	584.28	−0.377%	$12K	—	3x	as long as short
Polymarket Perps XMR-USD	+0.0278%	1h	583.66	−0.483%	$31K	$2.1M	5x	as long as short
Lighter XMR	+0.0488%	1h	583.93	−0.436%	$3.3M	$7.1M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XMR_USDT	+0.0520%	8h	584.00	−0.425%	$20.8M	$15.1M	100x	as long as short
Binance XMRUSDT	+0.0520%	8h	583.97	−0.430%	$53.2M	$167.8M	75x	as long as short
Bitget XMRUSDT	+0.0620%	8h	583.73	−0.471%	$9.5M	$14.2M	50x	as long as short
Aster XMRUSDT	+0.0707%	8h	583.41	−0.526%	$650K	$2.4M	75x	as long as short
BingX XMR-USDT	+0.0757%	8h	583.91	−0.440%	—	$5.8M	—	as long as short
Bybit XMRUSDT	+0.0770%	8h	583.80	−0.459%	$47.3M	$64.8M	75x	as long as short
Gate XMR_USDT	+0.0782%	8h	583.13	−0.573%	$1.6M	$4.5M	50x	as long as short
KuCoin XMRUSDTM	+0.0782%	8h	583.38	−0.531%	$47.9M	$26.1M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0957%	1h	582.93	−0.608%	$5.5M	$20.0M	50x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0969% / S −0.1241%	1h	582.69	−0.649%	$650K	—	100x	as long as short
Pacifica XMRshort	+0.0996%	1h	584.08	−0.411%	$269K	$1.1M	10x
Variational Omni XMR	+0.1060%	8h	586.46	−0.005%	$6.7M	$2.5M	—	as long as short
GRVT XMR_USDT_Perp	+0.1061%	8h	586.38	−0.018%	$343K	$773K	10x	as long as short
Hyperliquid XMR	+0.1081%	1h	583.84	−0.452%	$88.1M	$73.1M	5x	as long as short
Orderly PERP_XMR_USDC	+0.1082%	8h	584.01	−0.423%	$42K	$736K	10x	as long as short
Nado XMR-PERP	+0.1109%	1h	584.12	−0.404%	$1.3M	$466K	10x	as long as short
Paradex XMR-USD-PERP	+0.1185%	8h	584.21	−0.389%	$8K	$4K	20x	as long as short
SoDEX XMR-USD	+0.1193%	1h	584.15	−0.399%	$444K	$3K	5x	as long as short
Extended XMR-USD	+0.1680%	1h	583.65	−0.485%	$3.1M	$8.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2692%	1h	584.76	−0.295%	$1K	$46K	10x	as long as short