Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0445%/8h= −48.7% APRpaid last 24h −0.061%

Price spread now: KuCoin against Pacifica−0.059%7-day average −0.057% · 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−$57as in the Price arb table

costs, in and out, $10k−$570.569% of the position

Long on Pacifica Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.184%−$18 on $10k

Price spread, last 7 days+0.064%+$6 · spread now −0.059%, 7d avg −0.057%

Together, before fees−0.120%+ Points / potential airdropPacifica: Active · farm board−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.057%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.184% in total (about -9.6% 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	571.83	0.0735	pay 0.0092% / 1h	12m 19s	$267K	$788K	10x
Short	KuCoin XMRUSDTM	571.49	0.0290	get 0.0290% / 8h	12m 19s	$45.2M	$18.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.059%Rate

Funding earned: −$93.37
Price spread: −0.059% → −0.057%: −$0.16
Slippage, 4 orders: −$36.9
Fee Pacifica: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$150.43
Costs to cover: 0.569%
Break-even: never at this rate

Slippage from Pacifica: live order book, 42 min ago; KuCoin: live order book, 7 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, 42 min ago	1.47 bp	10.0 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	4.19 bp	13.9 bp −$14	42.7 bp −$427	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 −0.0005%	1h	570.85	−0.171%	$33K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.875%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	572.48	+0.115%	$1.0M	$550K	10x	as long as short
Polymarket Perps XMR-USD	+0.0100%	1h	571.45	−0.066%	$30K	$1.7M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	571.29	−0.094%	$2K	$1.3M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	572.67	+0.147%	$1.1M	$1.1M	20x	as long as short
Extended XMR-USD	+0.0104%	1h	571.77	−0.010%	$3.0M	$7.8M	25x	as long as short
Aevo XMR-PERP	+0.0208%	1h	571.97	+0.024%	$12K	—	3x	as long as short
KuCoin XMRUSDTMshort	+0.0290%	8h	571.49	−0.059%	$45.2M	$18.6M	50x
Lighter XMR	+0.0336%	1h	571.82	−0.001%	$3.1M	$5.9M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit XMRUSDT	+0.0435%	8h	571.80	−0.005%	$46.4M	$51.3M	75x	as long as short
Gate XMR_USDT	+0.0465%	8h	571.02	−0.141%	$1.5M	$2.9M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0484%	1h	571.60	−0.040%	$155K	$429K	20x	as long as short
BingX XMR-USDT	+0.0494%	8h	571.78	−0.008%	—	$5.3M	—	as long as short
Binance XMRUSDT	+0.0507%	8h	571.77	−0.010%	$52.2M	$111.1M	75x	as long as short
MEXC XMR_USDT	+0.0510%	8h	571.76	−0.012%	$20.1M	$11.1M	100x	as long as short
Hyperliquid XMR	+0.0512%	1h	571.57	−0.045%	$86.8M	$60.9M	5x	as long as short
Bitget XMRUSDT	+0.0516%	8h	571.77	−0.010%	$9.4M	$10.6M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0620%	1h	570.98	−0.148%	$5.4M	$9.6M	50x	as long as short
Aster XMRUSDT	+0.0646%	8h	571.79	−0.006%	$639K	$1.7M	75x	as long as short
Paradex XMR-USD-PERP	+0.0659%	8h	571.83	0.000%	$8K	$2K	20x	as long as short
Pacifica XMRlong	+0.0735%	1h	571.83	long leg	$267K	$788K	10x
SoDEX XMR-USD	+0.0773%	1h	571.80	−0.005%	$435K	$3K	5x	as long as short
dYdX XMR-USD	+0.0800%	1h	571.10	−0.128%	$103K	$29K	5x	as long as short
BloFin XMR-USDT	+0.0825%	8h	572.04	+0.037%	$2.7M	$10.1M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0841%	8h	573.09	+0.221%	$332K	$639K	10x	as long as short
Variational Omni XMR	+0.0855%	8h	572.61	+0.136%	$6.2M	$2.3M	—	as long as short
Nado XMR-PERP	+0.0972%	1h	571.99	+0.028%	$1.2M	$330K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1122% / S −0.1459%	1h	570.71	−0.196%	$594K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1150%	8h	571.69	−0.024%	$40K	$448K	10x	as long as short
Aftermath Perps XMRUSD	+0.2013%	1h	571.63	−0.034%	$1K	$39K	10x	as long as short