Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0519%/8h= +56.8% APRpaid last 24h +0.102%

Price spread now: Pacifica against Bybit+0.082%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$490.494% of the position

Long on Bybit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.268%+$27 on $10k

Price spread, last 7 days−0.061%−$6 · spread now +0.082%, 7d avg −0.001%

Together, before fees+0.207%+ Points / potential airdropPacifica: Active · farm board+$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Pacifica is 0.083% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.001%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.268% in total (about 14.0% 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	Bybit XMRUSDT	598.15	0.0100	pay 0.0100% / 8h	2h 10m	$48.1M	$61.1M	75x
Short	Pacifica XMR	598.64	0.0619	get 0.0077% / 1h	10m 35s	$273K	$1.0M	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 +0.082%Rate

Funding earned: $108.93
Price spread: +0.082% → −0.001%: $8.28
Slippage, 4 orders: −$30.44
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $67.77
Costs to cover: 0.494%
Break-even: 2.6 days

Slippage from Bybit: live order book, 8 min ago; Pacifica: live order book, 3 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, 8 min ago	0.08 bp	15.8 bp −$16	30.7 bp −$307	108.6 bp −$10.9K	doesn't fit
Sell Pacifica live order book, 3 min ago	3.09 bp	9.1 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 −0.0009%	1h	598.49	+0.057%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	591.89	−1.047%	$3K	$6K	12x	as long as short
Bybit XMRUSDTlong	+0.0100%	8h	598.15	long leg	$48.1M	$61.1M	75x
edgeX XMRUSDC	+0.0100%	4h	597.42	−0.121%	$1.1M	$674K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	597.92	−0.038%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0168%	1h	599.07	+0.153%	$12K	—	3x	as long as short
Variational Omni XMR	+0.0264%	8h	596.53	−0.271%	$6.9M	$2.8M	—	as long as short
Polymarket Perps XMR-USD	+0.0284%	1h	599.13	+0.164%	$24K	$1.8M	5x	as long as short
Lighter XMR	+0.0288%	1h	598.61	+0.077%	$3.5M	$6.7M	10x	as long as short
Binance XMRUSDT	+0.0342%	8h	598.44	+0.048%	$54.9M	$162.4M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XMR_USDT	+0.0345%	8h	598.43	+0.047%	$22.8M	$15.3M	100x	as long as short
BingX XMR-USDT	+0.0362%	8h	598.37	+0.037%	—	$5.8M	—	as long as short
Bitget XMRUSDT	+0.0376%	8h	597.98	−0.028%	$10.0M	$14.2M	50x	as long as short
SoDEX XMR-USD	+0.0433%	1h	599.13	+0.164%	$455K	$3K	5x	as long as short
Backpack XMR_USDC_PERP	+0.0440%	1h	598.48	+0.055%	$204K	$575K	20x	as long as short
Gate XMR_USDT	+0.0443%	8h	598.20	+0.008%	$1.6M	$4.5M	50x	as long as short
BloFin XMR-USDT	+0.0493%	8h	598.90	+0.125%	$2.8M	$11.5M	75x	as long as short
Aster XMRUSDT	+0.0534%	8h	598.81	+0.110%	$678K	$2.3M	75x	as long as short
KuCoin XMRUSDTM	+0.0592%	8h	597.95	−0.033%	$49.4M	$25.5M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0603%	8h	598.24	+0.015%	$348K	$782K	10x	as long as short
Kraken Futures PF_XMRUSD	+0.0608%	1h	598.23	+0.014%	$5.7M	$20.4M	50x	as long as short
Pacifica XMRshort	+0.0619%	1h	598.64	+0.082%	$273K	$1.0M	10x
Paradex XMR-USD-PERP	+0.0786%	8h	598.58	+0.072%	$8K	$4K	20x	as long as short
dYdX XMR-USD	+0.0834%	1h	598.16	+0.002%	$109K	$50K	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0844% / S −0.1411%	1h	598.30	+0.025%	$356K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0901%	8h	599.03	+0.147%	$49K	$718K	10x	as long as short
Nado XMR-PERP	+0.1019%	1h	598.26	+0.018%	$1.3M	$479K	10x	as long as short
Extended XMR-USD	+0.1352%	1h	598.19	+0.007%	$3.2M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1596%	1h	599.64	+0.249%	$88.1M	$66.6M	5x	as long as short
HTX XMR-USDT	+0.2265%	8h	596.96	−0.199%	$1.1M	$1.4M	20x	as long as short
Aftermath Perps XMRUSD	+0.2329%	1h	597.88	−0.045%	$2K	$47K	10x	as long as short