Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0240%/8h= −26.2% APRpaid last 24h −0.009%

Price spread now: BingX against Pacifica+0.143%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

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

Long on Pacifica Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 7 days−0.130%−$13 · spread now +0.143%, 7d avg +0.017%

Together, before fees−0.176%+ Points / potential airdropPacifica: Active · farm board−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.126% dearer against Pacifica than usual: you sell high and buy low (spread +0.143% now, against its 7-day average of +0.017%): +$13 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 42 hours. At the pace of the last 7 days (−0.046% in total) that is about 19 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.046% in total (about -2.4% 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	Pacifica XMR	573.41	0.0912	pay 0.0114% / 1h	35m 13s	$266K	$1.0M	10x
Short	BingX XMR-USDT	574.23	0.0672	get 0.0672% / 8h	2h 35m	—	$5.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Pacifica. 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 PacificabpFee BingXbpOrdersPrice spread, now +0.143%Rate

Funding earned: −$50.3
Price spread: +0.143% → +0.017%: $12.6
Slippage, 4 orders: −$26.53
Fee Pacifica: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$82.23
Costs to cover: 0.445%
Break-even: never at this rate

Slippage from Pacifica: live order book, 4 min ago; BingX: live order book, 10 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 Pacifica live order book, 4 min ago	0.70 bp	9.0 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	0.61 bp	10.8 bp −$11	21.3 bp −$213	69.6 bp −$6,958	483.9 bp −$242.0K

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 −0.0003%	1h	572.70	−0.124%	$37K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.594%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	571.71	−0.297%	$1.0M	$643K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	573.59	+0.031%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	573.00	−0.072%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0232%	1h	573.95	+0.094%	$12K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0312%	8h	572.48	−0.163%	$45.0M	$26.2M	50x	as long as short
dYdX XMR-USD	+0.0514%	1h	571.67	−0.303%	$104K	$44K	5x	as long as short
Bitget XMRUSDT	+0.0573%	8h	574.54	+0.197%	$9.5M	$13.3M	50x	as long as short
MEXC XMR_USDT	+0.0613%	8h	574.00	+0.102%	$19.8M	$14.6M	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	+0.0616%	8h	574.12	+0.123%	$52.6M	$161.3M	75x	as long as short
Gate XMR_USDT	+0.0632%	8h	573.28	−0.023%	$1.5M	$4.3M	50x	as long as short
BingX XMR-USDTshort	+0.0672%	8h	574.23	+0.143%	—	$5.7M	—
Bybit XMRUSDT	+0.0722%	8h	573.82	+0.071%	$46.5M	$64.2M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0747%	1h	573.35	−0.011%	$5.4M	$19.1M	50x	as long as short
Aster XMRUSDT	+0.0762%	8h	574.00	+0.102%	$643K	$2.2M	75x	as long as short
Extended XMR-USD	+0.0768%	1h	574.13	+0.124%	$3.0M	$8.2M	25x	as long as short
Polymarket Perps XMR-USD	+0.0779%	1h	573.46	+0.008%	$28K	$2.2M	5x	as long as short
Pacifica XMRlong	+0.0912%	1h	573.41	long leg	$266K	$1.0M	10x
Paradex XMR-USD-PERP	+0.0939%	8h	573.01	−0.070%	$8K	$4K	20x	as long as short
GRVT XMR_USDT_Perp	+0.1007%	8h	571.95	−0.256%	$330K	$728K	10x	as long as short
BloFin XMR-USDT	+0.1013%	8h	574.03	+0.108%	$2.7M	$11.2M	75x	as long as short
Lighter XMR	+0.1024%	1h	574.10	+0.120%	$3.1M	$7.5M	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1057% / S −0.1398%	1h	572.59	−0.143%	$592K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1186%	8h	574.04	+0.109%	$40K	$713K	10x	as long as short
Variational Omni XMR	+0.1193%	8h	571.73	−0.294%	$6.3M	$2.3M	—	as long as short
Hyperliquid XMR	+0.1231%	1h	573.70	+0.050%	$86.5M	$70.9M	5x	as long as short
Backpack XMR_USDC_PERP	+0.1338%	1h	571.77	−0.286%	$168K	$532K	20x	as long as short
Nado XMR-PERP	+0.1382%	1h	573.68	+0.048%	$1.3M	$455K	10x	as long as short
SoDEX XMR-USD	+0.1415%	1h	574.43	+0.177%	$437K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.2105%	1h	571.51	−0.331%	$1K	$43K	10x	as long as short