Settings8H · net · $10k
Funding arb · Price arb /

XMR

all XMR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0795%/8h= +87.0% APRnext payment +$0.99 per $10,000 · paid last 24h +0.080%
Price spread now: GMX against Pacifica−0.080%7-day average −0.177% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.234%+$23 on $10k
Price spread, last 3 days (all we have)+0.044%+$4 · spread now −0.080%, 7d avg −0.177%
Together, before fees+0.277%+ Points / potential airdropPacifica: Active · farm board+$28 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and GMX is 0.096% dearer against Pacifica than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.177%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.234% in total (about 27.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.99 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica XMR596.320.0619pay 0.0077% / 1h8m 02s$272K$1.0M10x
ShortGMX XMR/USD [WBTC.b-USDC]595.84L +0.0844% / S −0.1414%get 0.0177% / 1h8m 02s$355K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
$166.94
Price spread: −0.080% → −0.177%
$9.63
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee GMX: 6 bp × 2 orders
−$12
Net
$156.57
Costs to cover
0.200%
Break-even
0.4 days
Slippage unknown: Pacifica: live order book, 1 min ago; GMX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 1 min ago4.11 bp12.6 bp −$13doesn't fitdoesn't fitdoesn't fit
Sell GMX no order-book sample
GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) XMR/USDL +0.0010% / S −0.0009%1h595.91−0.069%$44K150xas long as short
Injective XMR/USDC PERP+0.0033%1h591.89−0.743%$3K$6K12xas long as short
Bybit XMRUSDT+0.0100%8h595.97−0.059%$48.0M$61.2M75xas long as short
edgeX XMRUSDC+0.0100%4h598.86+0.427%$1.1M$672K10xas long as short
SunX XMR-USDT+0.0100%8h596.14−0.030%$2K$1.9M20xas long as short
Aevo XMR-PERP+0.0168%1h597.14+0.138%$12K3xas long as short
Variational Omni XMR+0.0261%8h598.61+0.383%$7.0M$2.7Mas long as short
Lighter XMR+0.0280%1h596.58+0.043%$3.5M$6.7M10xas long as short
Polymarket Perps XMR-USD+0.0289%1h596.86+0.090%$24K$1.8M5xas long as short
Binance XMRUSDT+0.0339%8h596.43+0.018%$54.7M$162.5M75xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC XMR_USDT+0.0341%8h596.85+0.089%$22.7M$15.3M100xas long as short
BingX XMR-USDT+0.0362%8h596.46+0.023%$5.7Mas long as short
Bitget XMRUSDT+0.0377%8h596.33+0.002%$9.9M$14.2M50xas long as short
Gate XMR_USDT+0.0439%8h595.91−0.069%$1.6M$4.5M50xas long as short
SoDEX XMR-USD+0.0442%1h596.63+0.052%$453K$3K5xas long as short
Backpack XMR_USDC_PERP+0.0471%1h596.09−0.039%$203K$574K20xas long as short
BloFin XMR-USDT+0.0492%8h597.64+0.221%$2.8M$11.5M75xas long as short
Aster XMRUSDT+0.0530%8h596.32−0.001%$680K$2.3M75xas long as short
KuCoin XMRUSDTM+0.0588%8h596.01−0.052%$49.2M$25.5M50xas long as short
GRVT XMR_USDT_Perp+0.0595%8h598.72+0.403%$348K$782K10xas long as short
Kraken Futures PF_XMRUSD+0.0610%1h595.99−0.055%$5.7M$20.4M50xas long as short
Pacifica XMRlong+0.0619%1h596.32long leg$272K$1.0M10x
Paradex XMR-USD-PERP+0.0782%8h596.75+0.073%$8K$4K20xas long as short
dYdX XMR-USD+0.0842%1h595.76−0.094%$108K$50K5xas long as short
GMX XMR/USD [WBTC.b-USDC]shortL +0.0844% / S −0.1414%1h595.84−0.080%$355K100x
Orderly PERP_XMR_USDC+0.0895%8h596.59+0.045%$48K$718K10xas long as short
Nado XMR-PERP+0.1043%1h596.84+0.087%$1.3M$479K10xas long as short
Extended XMR-USD+0.1384%1h596.27−0.008%$3.2M$6.8M25xas long as short
Hyperliquid XMR+0.1583%1h597.02+0.117%$87.6M$66.5M5xas long as short
HTX XMR-USDT+0.2265%8h595.89−0.072%$1.1M$1.4M20xas long as short
Aftermath Perps XMRUSD+0.2321%1h596.90+0.098%$2K$47K10xas long as short