Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0465%/8h= −50.9% APRpaid last 24h −0.103%

Price spread now: Bybit against Pacifica−0.069%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

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

costs, in and out, $10k−$470.469% of the position

Long on Pacifica Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.278%−$28 on $10k

Price spread, last 7 days+0.041%+$4 · spread now −0.069%, 7d avg 0.000%

Together, before fees−0.237%+ Points / potential airdropPacifica: Active · farm board−$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Bybit is 0.069% cheaper against Pacifica than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of 0.000%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.278% in total (about -14.5% 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	601.70	0.0565	pay 0.0071% / 1h	49m 21s	$283K	$1.1M	10x
Short	Bybit XMRUSDT	601.28	0.0100	get 0.0100% / 8h	49m 21s	$49.1M	$62.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.069%Rate

Funding earned: −$97.56
Price spread: −0.069% → 0.000%: −$6.93
Slippage, 4 orders: −$27.88
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$151.36
Costs to cover: 0.469%
Break-even: never at this rate

Slippage from Pacifica: live order book, 5 min ago; Bybit: live order book, 5 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, 5 min ago	3.41 bp	11.7 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.08 bp	15.8 bp −$16	29.9 bp −$299	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	600.14	−0.258%	$45K	—	150x	as long as short
Bybit XMRUSDTshort	+0.0100%	8h	601.28	−0.069%	$49.1M	$62.8M	75x
edgeX XMRUSDC	+0.0100%	4h	600.64	−0.175%	$1.1M	$666K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	600.39	−0.217%	$2K	$1.9M	20x	as long as short
Lighter XMR	+0.0104%	1h	601.10	−0.099%	$3.4M	$6.9M	10x	as long as short
Aevo XMR-PERP	+0.0168%	1h	601.42	−0.046%	$12K	—	3x	as long as short
Binance XMRUSDT	+0.0328%	8h	601.02	−0.112%	$55.0M	$164.0M	75x	as long as short
MEXC XMR_USDT	+0.0328%	8h	601.37	−0.054%	$22.4M	$14.9M	100x	as long as short
Variational Omni XMR	+0.0386%	8h	600.48	−0.201%	$7.0M	$2.5M	—	as long as short
BingX XMR-USDT	+0.0406%	8h	601.31	−0.064%	—	$5.7M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0423%	8h	600.97	−0.121%	$10.0M	$14.3M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0458%	1h	600.03	−0.277%	$5.7M	$20.5M	50x	as long as short
BloFin XMR-USDT	+0.0468%	8h	600.58	−0.185%	$2.8M	$11.7M	75x	as long as short
Backpack XMR_USDC_PERP	+0.0499%	1h	600.82	−0.146%	$205K	$575K	20x	as long as short
Gate XMR_USDT	+0.0524%	8h	600.86	−0.139%	$1.7M	$4.6M	50x	as long as short
Pacifica XMRlong	+0.0565%	1h	601.70	long leg	$283K	$1.1M	10x
KuCoin XMRUSDTM	+0.0576%	8h	600.94	−0.126%	$49.1M	$25.9M	50x	as long as short
Aster XMRUSDT	+0.0583%	8h	600.88	−0.136%	$693K	$2.4M	75x	as long as short
SoDEX XMR-USD	+0.0586%	1h	601.13	−0.094%	$457K	$3K	5x	as long as short
GRVT XMR_USDT_Perp	+0.0606%	8h	600.86	−0.139%	$350K	$786K	10x	as long as short
Polymarket Perps XMR-USD	+0.0667%	1h	601.36	−0.056%	$23K	$1.8M	5x	as long as short
Paradex XMR-USD-PERP	+0.0855%	8h	601.26	−0.072%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0887% / S −0.2436%	1h	600.16	−0.255%	$555K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0951%	8h	600.55	−0.190%	$44K	$729K	10x	as long as short
Nado XMR-PERP	+0.1026%	1h	601.47	−0.037%	$1.3M	$475K	10x	as long as short
Injective XMR/USDC PERP	+0.1312%	1h	596.76	−0.820%	$3K	$6K	12x	as long as short
Hyperliquid XMR	+0.1511%	1h	601.83	+0.022%	$90.7M	$70.0M	5x	as long as short
Extended XMR-USD	+0.1776%	1h	601.43	−0.044%	$3.2M	$6.9M	25x	as long as short
HTX XMR-USDT	+0.1985%	8h	600.43	−0.210%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2313%	1h	601.23	−0.077%	$2K	$46K	10x	as long as short
dYdX XMR-USD	+0.2813%	1h	600.61	−0.181%	$109K	$50K	5x	as long as short