Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0249%/8h= −27.3% APRpaid last 24h −0.052%

Price spread now: Pacifica against Variational Omni+0.011%7-day average −0.018% · you sell dearer than you buy

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

Long on Variational Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.043%−$4 on $10k

Price spread, last 7 days+0.020%+$2 · spread now +0.011%, 7d avg −0.018%

Together, before fees−0.022%+ Points / potential airdropVariational Omni: Active · Pacifica: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.029% dearer against Variational Omni than usual: you sell high and buy low (spread +0.011% now, against its 7-day average of −0.018%): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 3 days (−0.043% in total) that is about 2.3 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.043% in total (about -4.6% 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	Variational Omni XMR	587.73	0.0908	pay 0.0908% / 8h	7h 10m	$6.7M	$2.6M	—
Short	Pacifica XMR	587.79	0.0659	get 0.0082% / 1h	10m 01s	$278K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee PacificabpOrdersPrice spread, now +0.011%Rate

Funding earned: −$52.36
Price spread: +0.011% → −0.018%: $2.87
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$57.48
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Pacifica: live order book, 4 min ago. 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 Variational Omni RFQ quote, 4 min ago	4.75 bp	doesn't fit	13.0 bp −$130	doesn't fit	doesn't fit
Sell Pacifica live order book, 4 min ago	2.47 bp	11.0 bp −$11	doesn't fit	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 −0.0009%	1h	586.88	−0.144%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.537%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	587.78	+0.008%	$1.0M	$663K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	587.44	−0.049%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	587.33	−0.068%	$1.1M	$1.6M	20x	as long as short
dYdX XMR-USD	+0.0120%	1h	586.23	−0.254%	$106K	$50K	5x	as long as short
Aevo XMR-PERP	+0.0192%	1h	588.12	+0.067%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0431%	8h	588.03	+0.051%	$21.3M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0434%	8h	587.52	−0.035%	$53.6M	$166.9M	75x	as long as short
Bitget XMRUSDT	+0.0561%	8h	587.72	−0.001%	$9.7M	$14.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XMRUSDT	+0.0624%	8h	588.00	+0.046%	$652K	$2.5M	75x	as long as short
BloFin XMR-USDT	+0.0625%	8h	587.65	−0.013%	$2.8M	$11.5M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0648%	1h	586.88	−0.145%	$5.6M	$20.5M	50x	as long as short
Pacifica XMRshort	+0.0659%	1h	587.79	+0.011%	$278K	$1.1M	10x
KuCoin XMRUSDTM	+0.0722%	8h	587.71	−0.003%	$48.2M	$26.0M	50x	as long as short
Gate XMR_USDT	+0.0727%	8h	587.49	−0.040%	$1.6M	$4.6M	50x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0869% / S −0.2458%	1h	586.52	−0.206%	$546K	—	100x	as long as short
Variational Omni XMRlong	+0.0908%	8h	587.73	long leg	$6.7M	$2.6M	—
GRVT XMR_USDT_Perp	+0.0913%	8h	587.33	−0.067%	$347K	$792K	10x	as long as short
Backpack XMR_USDC_PERP	+0.0982%	1h	587.55	−0.030%	$184K	$535K	20x	as long as short
Orderly PERP_XMR_USDC	+0.1043%	8h	588.18	+0.077%	$42K	$739K	10x	as long as short
Polymarket Perps XMR-USD	+0.1130%	1h	587.78	+0.009%	$46K	$1.9M	5x	as long as short
BingX XMR-USDT	+0.1136%	8h	587.75	+0.004%	—	$5.8M	—	as long as short
Lighter XMR	+0.1200%	1h	587.98	+0.043%	$3.3M	$7.2M	10x	as long as short
Bybit XMRUSDT	+0.1209%	8h	587.93	+0.034%	$47.3M	$64.6M	75x	as long as short
SoDEX XMR-USD	+0.1271%	1h	588.01	+0.048%	$447K	$3K	5x	as long as short
Paradex XMR-USD-PERP	+0.1277%	8h	587.82	+0.015%	$8K	$4K	20x	as long as short
Nado XMR-PERP	+0.1407%	1h	588.23	+0.086%	$1.3M	$464K	10x	as long as short
Hyperliquid XMR	+0.1921%	1h	588.34	+0.104%	$89.3M	$73.1M	5x	as long as short
Extended XMR-USD	+0.2440%	1h	587.79	+0.010%	$3.1M	$8.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2651%	1h	587.98	+0.043%	$1K	$46K	10x	as long as short