Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0289%/8h= −31.6% APRpaid last 24h −0.076%

Price spread now: MEXC against Pacifica−0.040%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$280.279% of the position

Long on Pacifica Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 7 days+0.059%+$6 · spread now −0.040%, 7d avg +0.022%

Together, before fees−0.011%+ Points / potential airdropPacifica: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and MEXC is 0.062% cheaper against Pacifica than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.022%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.070% in total (about -3.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XMR	567.39	0.0759	pay 0.0095% / 1h	54m 09s	$268K	$609K	10x
Short	MEXC XMR_USDT	567.16	0.0470	get 0.0470% / 8h	5h 54m	$19.5M	$7.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$60.7
Price spread: −0.040% → +0.022%: −$6.21
Slippage, 4 orders: −$15.95
Fee Pacifica: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$94.86
Costs to cover: 0.279%
Break-even: never at this rate

Slippage from Pacifica: live order book, 57 min ago; MEXC: 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 Pacifica live order book, 57 min ago	0.09 bp	10.8 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.26 bp	2.3 bp −$2	32.0 bp −$320	79.4 bp −$7,943	225.0 bp −$112.5K

XMR on 31 exchanges

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 −0.0004%	1h	566.41	−0.172%	$32K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+2.673%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	569.16	+0.313%	$1.0M	$462K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	566.73	−0.115%	$2K	$867K	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	567.00	−0.068%	$1.0M	$935K	20x	as long as short
Lighter XMR	+0.0176%	1h	567.27	−0.020%	$3.0M	$4.5M	10x	as long as short
Aevo XMR-PERP	+0.0200%	1h	567.21	−0.032%	$11K	—	3x	as long as short
Polymarket Perps XMR-USD	+0.0261%	1h	567.17	−0.038%	$29K	$1.5M	5x	as long as short
MEXC XMR_USDTshort	+0.0470%	8h	567.16	−0.040%	$19.5M	$7.2M	100x
Binance XMRUSDT	+0.0471%	8h	567.13	−0.045%	$52.2M	$80.4M	75x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XMRUSDT	+0.0506%	8h	566.83	−0.098%	$655K	$1.2M	75x	as long as short
Gate XMR_USDT	+0.0548%	8h	567.20	−0.033%	$1.5M	$2.2M	50x	as long as short
Bybit XMRUSDT	+0.0552%	8h	567.44	+0.010%	$46.0M	$41.3M	75x	as long as short
Extended XMR-USD	+0.0568%	1h	567.29	−0.017%	$3.1M	$6.4M	25x	as long as short
KuCoin XMRUSDTM	+0.0598%	8h	567.43	+0.008%	$45.8M	$14.8M	50x	as long as short
Hyperliquid XMR	+0.0656%	1h	567.50	+0.020%	$86.4M	$51.6M	5x	as long as short
Kraken Futures PF_XMRUSD	+0.0659%	1h	566.24	−0.203%	$5.4M	$6.3M	50x	as long as short
BingX XMR-USDT	+0.0677%	8h	567.50	+0.020%	—	$4.6M	—	as long as short
Paradex XMR-USD-PERP	+0.0708%	8h	567.30	−0.014%	$8K	$1K	20x	as long as short
Bitget XMRUSDT	+0.0710%	8h	567.23	−0.027%	$9.1M	$8.8M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0713%	1h	567.11	−0.049%	$127K	$407K	20x	as long as short
Nado XMR-PERP	+0.0729%	1h	567.46	+0.013%	$1.2M	$165K	10x	as long as short
SoDEX XMR-USD	+0.0741%	1h	567.44	+0.010%	$431K	$4K	5x	as long as short
GRVT XMR_USDT_Perp	+0.0743%	8h	569.14	+0.309%	$331K	$669K	10x	as long as short
BloFin XMR-USDT	+0.0756%	8h	568.17	+0.138%	$2.7M	$9.1M	75x	as long as short
Pacifica XMRlong	+0.0759%	1h	567.39	long leg	$268K	$609K	10x
Variational Omni XMR	+0.0838%	8h	568.27	+0.156%	$6.1M	$2.2M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0935% / S −0.1108%	1h	566.16	−0.217%	$589K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1056%	8h	567.17	−0.038%	$41K	$307K	10x	as long as short
Aftermath Perps XMRUSD	+0.2121%	1h	568.32	+0.164%	$1K	$37K	10x	as long as short
dYdX XMR-USD	+0.3268%	1h	566.29	−0.193%	$103K	$24K	5x	as long as short