Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0282%/8h= +30.9% APRpaid last 24h +0.222%

Price spread now: Orderly against Pacifica+0.090%7-day average −0.013% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Pacifica Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.716%+$72 on $10k

Price spread, last 3 days (all we have)+0.026%+$3 · spread now +0.090%, 7d avg −0.013%

Together, before fees+0.743%+ Points / potential airdropPacifica: Active · farm board+$74 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Orderly is 0.103% dearer against Pacifica than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XMR	598.49	0.0619	pay 0.0077% / 1h	11m 11s	$273K	$1.0M	10x
Short	Orderly PERP_XMR_USDC	599.03	0.0901	get 0.0901% / 8h	2h 11m	$49K	$718K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.090%Rate

Funding earned: $59.25
Price spread: +0.090% → −0.013%: $10.33
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: $55.58
Costs to cover: 0.140%
Break-even: 0.4 days

Slippage unknown: Pacifica: live order book, 3 min ago; Orderly: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Pacifica live order book, 3 min ago	3.09 bp	12.4 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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.

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	0.000%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	591.89	−1.103%	$3K	$6K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	598.39	−0.017%	$48.1M	$61.1M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	597.42	−0.178%	$1.1M	$674K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	597.92	−0.095%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0168%	1h	599.07	+0.096%	$12K	—	3x	as long as short
Variational Omni XMR	+0.0264%	8h	596.53	−0.328%	$6.9M	$2.8M	—	as long as short
Polymarket Perps XMR-USD	+0.0284%	1h	599.13	+0.107%	$24K	$1.8M	5x	as long as short
Lighter XMR	+0.0296%	1h	598.75	+0.043%	$3.5M	$6.7M	10x	as long as short
Binance XMRUSDT	+0.0345%	8h	598.80	+0.052%	$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	+0.0347%	8h	599.03	+0.090%	$22.8M	$15.3M	100x	as long as short
BingX XMR-USDT	+0.0362%	8h	598.90	+0.069%	—	$5.8M	—	as long as short
Bitget XMRUSDT	+0.0378%	8h	599.19	+0.117%	$10.0M	$14.2M	50x	as long as short
SoDEX XMR-USD	+0.0433%	1h	599.13	+0.107%	$455K	$3K	5x	as long as short
Gate XMR_USDT	+0.0437%	8h	598.41	−0.013%	$1.6M	$4.5M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0440%	1h	598.48	−0.002%	$204K	$575K	20x	as long as short
BloFin XMR-USDT	+0.0493%	8h	598.90	+0.069%	$2.8M	$11.5M	75x	as long as short
Aster XMRUSDT	+0.0537%	8h	598.81	+0.053%	$678K	$2.3M	75x	as long as short
KuCoin XMRUSDTM	+0.0589%	8h	598.34	−0.025%	$49.4M	$25.5M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0603%	8h	598.24	−0.042%	$348K	$782K	10x	as long as short
Kraken Futures PF_XMRUSD	+0.0608%	1h	598.23	−0.043%	$5.7M	$20.4M	50x	as long as short
Pacifica XMRlong	+0.0619%	1h	598.49	long leg	$273K	$1.0M	10x
Paradex XMR-USD-PERP	+0.0785%	8h	598.48	−0.002%	$8K	$4K	20x	as long as short
dYdX XMR-USD	+0.0822%	1h	597.57	−0.153%	$109K	$50K	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0844% / S −0.1411%	1h	598.30	−0.032%	$356K	—	100x	as long as short
Orderly PERP_XMR_USDCshort	+0.0901%	8h	599.03	+0.090%	$49K	$718K	10x
Nado XMR-PERP	+0.1008%	1h	598.64	+0.025%	$1.3M	$479K	10x	as long as short
Extended XMR-USD	+0.1352%	1h	598.94	+0.074%	$3.2M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1596%	1h	599.86	+0.229%	$88.1M	$66.6M	5x	as long as short
HTX XMR-USDT	+0.2265%	8h	596.96	−0.256%	$1.1M	$1.4M	20x	as long as short
Aftermath Perps XMRUSD	+0.2329%	1h	597.88	−0.101%	$2K	$47K	10x	as long as short