Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0896%/8h= −98.1% APRpaid last 24h −0.135%

Price spread now: SunX against Pacifica−0.130%7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$810.813% of the position

Long on Pacifica Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.411%−$41 on $10k

Price spread, last 3 days (all we have)+0.047%+$5 · spread now −0.130%, 7d avg −0.076%

Together, before fees−0.363%+ Points / potential airdropPacifica: Active · farm board−$36 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and SunX is 0.054% cheaper against Pacifica than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.076%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.411% in total (about -21.4% 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	584.08	0.0996	pay 0.0125% / 1h	57m 52s	$269K	$1.1M	10x
Short	SunX XMR-USDT	583.32	0.0100	get 0.0100% / 8h	5h 57m	$2K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.130%Rate

Funding earned: −$188.18
Price spread: −0.130% → −0.076%: −$5.39
Slippage, 4 orders: −$65.32
Fee Pacifica: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$274.89
Costs to cover: 0.813%
Break-even: never at this rate

Slippage from Pacifica: live order book, 1 min ago; SunX: live order book, 8 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, 1 min ago	3.00 bp	13.6 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	13.33 bp	26.8 bp −$27	doesn't fit	doesn't fit	doesn't fit

XMR on 30 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 −0.0010%	1h	582.98	−0.188%	$34K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+2.171%	$3K	$4K	12x	as long as short
dYdX XMR-USD	+0.0081%	1h	583.18	−0.154%	$106K	$50K	5x	as long as short
edgeX XMRUSDC	+0.0100%	4h	586.49	+0.413%	$1.0M	$670K	10x	as long as short
SunX XMR-USDTshort	+0.0100%	8h	583.32	−0.130%	$2K	$1.9M	20x
HTX XMR-USDT	+0.0100%	8h	583.92	−0.027%	$1.1M	$1.6M	20x	as long as short
Backpack XMR_USDC_PERP	+0.0125%	1h	583.20	−0.151%	$172K	$538K	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	584.28	+0.034%	$12K	—	3x	as long as short
Polymarket Perps XMR-USD	+0.0278%	1h	583.66	−0.072%	$31K	$2.1M	5x	as long as short
Lighter XMR	+0.0488%	1h	583.93	−0.025%	$3.3M	$7.1M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XMR_USDT	+0.0520%	8h	584.00	−0.014%	$20.8M	$15.1M	100x	as long as short
Binance XMRUSDT	+0.0520%	8h	583.97	−0.018%	$53.2M	$167.8M	75x	as long as short
Bitget XMRUSDT	+0.0620%	8h	583.73	−0.060%	$9.5M	$14.2M	50x	as long as short
Aster XMRUSDT	+0.0707%	8h	583.41	−0.115%	$650K	$2.4M	75x	as long as short
BingX XMR-USDT	+0.0757%	8h	583.91	−0.029%	—	$5.8M	—	as long as short
Bybit XMRUSDT	+0.0770%	8h	583.80	−0.048%	$47.3M	$64.8M	75x	as long as short
Gate XMR_USDT	+0.0782%	8h	583.13	−0.163%	$1.6M	$4.5M	50x	as long as short
KuCoin XMRUSDTM	+0.0782%	8h	583.38	−0.120%	$47.9M	$26.1M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0957%	1h	582.93	−0.198%	$5.5M	$20.0M	50x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0969% / S −0.1241%	1h	582.69	−0.238%	$650K	—	100x	as long as short
Pacifica XMRlong	+0.0996%	1h	584.08	long leg	$269K	$1.1M	10x
Variational Omni XMR	+0.1060%	8h	586.46	+0.408%	$6.7M	$2.5M	—	as long as short
GRVT XMR_USDT_Perp	+0.1061%	8h	586.38	+0.395%	$343K	$773K	10x	as long as short
Hyperliquid XMR	+0.1081%	1h	583.84	−0.041%	$88.1M	$73.1M	5x	as long as short
Orderly PERP_XMR_USDC	+0.1082%	8h	584.01	−0.012%	$42K	$736K	10x	as long as short
Nado XMR-PERP	+0.1109%	1h	584.12	+0.007%	$1.3M	$466K	10x	as long as short
Paradex XMR-USD-PERP	+0.1185%	8h	584.21	+0.023%	$8K	$4K	20x	as long as short
SoDEX XMR-USD	+0.1193%	1h	584.15	+0.012%	$444K	$3K	5x	as long as short
Extended XMR-USD	+0.1680%	1h	583.65	−0.074%	$3.1M	$8.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2692%	1h	584.76	+0.117%	$1K	$46K	10x	as long as short