Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0117%/8h= −12.8% APRpaid last 24h −0.196%

Price spread now: Pacifica against Orderly+0.044%7-day average +0.016% · you sell dearer than you buy

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

Long on Orderly Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.772%−$77 on $10k

Price spread, last 4 days (all we have)−0.286%−$29 · spread now +0.044%, 7d avg +0.016%

Together, before fees−1.058%+ Points / potential airdropPacifica: Active · farm board−$106 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.028% dearer against Orderly than usual: you sell high and buy low (spread +0.044% now, against its 7-day average of +0.016%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 7 days (−0.772% in total) that is about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_XMR_USDC	586.47	0.1113	pay 0.1113% / 8h	5h 09m	$41K	$721K	10x
Short	Pacifica XMR	586.73	0.0996	get 0.0125% / 1h	9m 52s	$272K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Orderly. 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 OrderlybpFee PacificabpOrdersPrice spread, now +0.044%Rate

Funding earned: −$24.47
Price spread: +0.044% → +0.016%: $2.78
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$35.68
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell Pacifica live order book, 4 min ago	1.28 bp	13.1 bp −$13	doesn't fit	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0010%	1h	585.33	−0.194%	$46K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	−0.668%	$3K	$6K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	587.07	+0.103%	$1.0M	$654K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	586.07	−0.068%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	586.20	−0.046%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	585.18	−0.220%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0276%	1h	585.54	−0.159%	$106K	$50K	5x	as long as short
Polymarket Perps XMR-USD	+0.0288%	1h	586.30	−0.029%	$23K	$2.1M	5x	as long as short
Lighter XMR	+0.0504%	1h	586.36	−0.019%	$3.3M	$7.2M	10x	as long as short
MEXC XMR_USDT	+0.0507%	8h	586.41	−0.010%	$21.0M	$15.3M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XMRUSDT	+0.0508%	8h	586.32	−0.026%	$53.4M	$165.8M	75x	as long as short
Bybit XMRUSDT	+0.0511%	8h	586.10	−0.063%	$47.6M	$64.1M	75x	as long as short
Gate XMR_USDT	+0.0557%	8h	585.91	−0.095%	$1.6M	$4.5M	50x	as long as short
BingX XMR-USDT	+0.0573%	8h	586.13	−0.058%	—	$5.7M	—	as long as short
Bitget XMRUSDT	+0.0598%	8h	586.51	+0.007%	$9.6M	$14.1M	50x	as long as short
KuCoin XMRUSDTM	+0.0691%	8h	586.08	−0.066%	$48.1M	$26.0M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0713%	1h	586.05	−0.072%	$172K	$537K	20x	as long as short
Aster XMRUSDT	+0.0720%	8h	586.50	+0.005%	$661K	$2.4M	75x	as long as short
BloFin XMR-USDT	+0.0779%	8h	586.90	+0.073%	$2.8M	$11.4M	75x	as long as short
Paradex XMR-USD-PERP	+0.0905%	8h	586.55	+0.014%	$8K	$4K	20x	as long as short
GRVT XMR_USDT_Perp	+0.0936%	8h	586.85	+0.065%	$341K	$764K	10x	as long as short
Kraken Futures PF_XMRUSD	+0.0953%	1h	585.11	−0.231%	$5.5M	$19.6M	50x	as long as short
Nado XMR-PERP	+0.0975%	1h	586.66	+0.033%	$1.3M	$463K	10x	as long as short
Pacifica XMRshort	+0.0996%	1h	586.73	+0.044%	$272K	$1.1M	10x
GMX XMR/USD [WBTC.b-USDC]	L +0.1042% / S −0.1407%	1h	585.63	−0.142%	$653K	—	100x	as long as short
Hyperliquid XMR	+0.1052%	1h	586.14	−0.056%	$88.2M	$70.9M	5x	as long as short
Variational Omni XMR	+0.1064%	8h	586.59	+0.020%	$6.7M	$2.4M	—	as long as short
SoDEX XMR-USD	+0.1096%	1h	586.66	+0.032%	$446K	$3K	5x	as long as short
Extended XMR-USD	+0.1104%	1h	586.02	−0.077%	$3.2M	$7.9M	25x	as long as short
Orderly PERP_XMR_USDClong	+0.1113%	8h	586.47	long leg	$41K	$721K	10x
Aftermath Perps XMRUSD	+0.2455%	1h	586.60	+0.023%	$1K	$45K	10x	as long as short