Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0195%/8h= +21.3% APRpaid last 24h +0.002%

Price spread now: Pacifica against BingX−0.045%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$510.511% of the position

Long on BingX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 7 days+0.028%+$3 · spread now −0.045%, 7d avg −0.014%

Together, before fees+0.066%+ Points / potential airdropPacifica: Active · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.031% cheaper against BingX than usual: you would sell low and buy high (spread −0.045% now, against its 7-day average of −0.014%). If the spread goes back, that is −$3 on $10k: about 13 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.038% in total) that is about 5.6 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.038% in total (about 2.0% 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	BingX XMR-USDT	575.97	0.0487	pay 0.0487% / 8h	3h 51m	—	$5.6M	—
Short	Pacifica XMR	575.71	0.0682	get 0.0085% / 1h	51m 46s	$266K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against BingX. 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 BingXbpFee PacificabpOrdersPrice spread, now −0.045%Rate

Funding earned: $40.9
Price spread: −0.045% → −0.014%: −$3.07
Slippage, 4 orders: −$33.15
Fee BingX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$13.32
Costs to cover: 0.511%
Break-even: 9.3 days

Slippage from BingX: live order book, 8 min ago; Pacifica: live order book, 2 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 BingX live order book, 8 min ago	1.13 bp	14.9 bp −$15	27.7 bp −$277	124.8 bp −$12.5K	doesn't fit
Sell Pacifica live order book, 2 min ago	3.04 bp	9.2 bp −$9	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 −0.0008%	1h	575.07	−0.156%	$50K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.142%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	575.89	−0.014%	$1.0M	$645K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	575.46	−0.089%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	575.59	−0.066%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	576.15	+0.032%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSD	+0.0225%	1h	574.46	−0.262%	$5.4M	$19.4M	50x	as long as short
dYdX XMR-USD	+0.0295%	1h	574.43	−0.267%	$104K	$44K	5x	as long as short
KuCoin XMRUSDTM	+0.0383%	8h	575.27	−0.122%	$45.0M	$26.5M	50x	as long as short
Lighter XMR	+0.0456%	1h	575.77	−0.035%	$3.2M	$7.5M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XMR_USDT	+0.0467%	8h	575.05	−0.160%	$1.6M	$4.5M	50x	as long as short
BingX XMR-USDTlong	+0.0487%	8h	575.97	long leg	—	$5.6M	—
Bybit XMRUSDT	+0.0506%	8h	575.76	−0.036%	$46.9M	$64.5M	75x	as long as short
Bitget XMRUSDT	+0.0515%	8h	575.93	−0.007%	$9.5M	$13.7M	50x	as long as short
MEXC XMR_USDT	+0.0519%	8h	575.85	−0.021%	$20.0M	$14.7M	100x	as long as short
Binance XMRUSDT	+0.0522%	8h	575.68	−0.050%	$52.7M	$164.1M	75x	as long as short
Backpack XMR_USDC_PERP	+0.0529%	1h	575.38	−0.102%	$170K	$534K	20x	as long as short
Pacifica XMRshort	+0.0682%	1h	575.71	−0.045%	$266K	$1.0M	10x
Aster XMRUSDT	+0.0691%	8h	575.75	−0.038%	$638K	$2.3M	75x	as long as short
Extended XMR-USD	+0.0736%	1h	575.76	−0.036%	$3.1M	$8.4M	25x	as long as short
Polymarket Perps XMR-USD	+0.0821%	1h	575.86	−0.019%	$28K	$2.2M	5x	as long as short
BloFin XMR-USDT	+0.0844%	8h	575.88	−0.016%	$2.7M	$11.2M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0902%	8h	575.55	−0.074%	$345K	$721K	10x	as long as short
Paradex XMR-USD-PERP	+0.0927%	8h	576.06	+0.016%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0989% / S −0.1254%	1h	574.61	−0.237%	$592K	—	100x	as long as short
Variational Omni XMR	+0.1063%	8h	575.28	−0.119%	$6.5M	$2.2M	—	as long as short
Orderly PERP_XMR_USDC	+0.1129%	8h	575.82	−0.026%	$40K	$735K	10x	as long as short
Nado XMR-PERP	+0.1219%	1h	576.13	+0.028%	$1.3M	$460K	10x	as long as short
Hyperliquid XMR	+0.1239%	1h	575.78	−0.033%	$86.6M	$71.1M	5x	as long as short
SoDEX XMR-USD	+0.1504%	1h	575.90	−0.012%	$438K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.1929%	1h	575.87	−0.017%	$1K	$44K	10x	as long as short