Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0231%/8h= −25.3% APRpaid last 24h +0.138%

Price spread now: Backpack against Aster−0.044%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$360.362% of the position

Long on Aster Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.888%+$89 on $10k

Price spread, last 4 days (all we have)+0.237%+$24 · spread now −0.044%, 7d avg −0.025%

Together, before fees+1.125%+ Points / potential airdropAster: Stage 5 · farm board+$112 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.025%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate. Mind the row above: over the last 5 days funding on this pair paid +0.888%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XMRUSDT	592.13	0.0588	pay 0.0588% / 8h	16m 00s	$661K	$2.4M	75x
Short	Backpack XMR_USDC_PERP	591.87	0.0357	get 0.0045% / 1h	16m 00s	$201K	$579K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Aster. 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 AsterbpFee BackpackbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$48.48
Price spread: −0.044% → −0.025%: −$1.87
Slippage, 4 orders: −$18.2
Fee Aster: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$86.56
Costs to cover: 0.362%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; Backpack: live order book, 63 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 Aster live order book, 2 min ago	4.23 bp	12.5 bp −$12	46.5 bp −$465	doesn't fit	doesn't fit
Sell Backpack live order book, 63 min ago	1.68 bp	6.7 bp −$7	29.6 bp −$296	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	591.40	−0.123%	$44K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	592.94	+0.137%	$48.3M	$63.8M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	592.63	+0.084%	$1.1M	$665K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	591.97	−0.027%	$2K	$2.0M	20x	as long as short
Aevo XMR-PERP	+0.0160%	1h	592.76	+0.106%	$12K	—	3x	as long as short
Lighter XMR	+0.0232%	1h	592.60	+0.080%	$3.4M	$7.1M	10x	as long as short
MEXC XMR_USDT	+0.0316%	8h	592.62	+0.083%	$22.0M	$15.0M	100x	as long as short
Binance XMRUSDT	+0.0318%	8h	592.74	+0.103%	$54.2M	$165.3M	75x	as long as short
Backpack XMR_USDC_PERPshort	+0.0357%	1h	591.87	−0.044%	$201K	$579K	20x
BingX XMR-USDT	+0.0421%	8h	592.90	+0.130%	—	$5.8M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0450%	8h	592.62	+0.083%	$9.7M	$14.5M	50x	as long as short
BloFin XMR-USDT	+0.0455%	8h	592.79	+0.111%	$2.8M	$11.6M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0465%	1h	591.42	−0.120%	$5.6M	$20.5M	50x	as long as short
Gate XMR_USDT	+0.0480%	8h	592.20	+0.012%	$1.6M	$4.6M	50x	as long as short
Variational Omni XMR	+0.0537%	8h	592.82	+0.116%	$6.8M	$2.6M	—	as long as short
KuCoin XMRUSDTM	+0.0562%	8h	592.03	−0.017%	$48.4M	$26.1M	50x	as long as short
Pacifica XMR	+0.0565%	1h	592.76	+0.106%	$277K	$1.1M	10x	as long as short
Aster XMRUSDTlong	+0.0588%	8h	592.13	long leg	$661K	$2.4M	75x
GRVT XMR_USDT_Perp	+0.0596%	8h	592.36	+0.039%	$348K	$794K	10x	as long as short
Polymarket Perps XMR-USD	+0.0816%	1h	592.67	+0.091%	$21K	$1.7M	5x	as long as short
Paradex XMR-USD-PERP	+0.0867%	8h	592.62	+0.083%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0870% / S −0.2449%	1h	591.24	−0.150%	$549K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0957%	8h	592.61	+0.081%	$42K	$733K	10x	as long as short
SoDEX XMR-USD	+0.0962%	1h	592.64	+0.086%	$450K	$3K	5x	as long as short
Nado XMR-PERP	+0.1162%	1h	592.57	+0.073%	$1.3M	$467K	10x	as long as short
Injective XMR/USDC PERP	+0.1312%	1h	596.76	+0.782%	$3K	$6K	12x	as long as short
Hyperliquid XMR	+0.1727%	1h	592.99	+0.145%	$89.5M	$71.7M	5x	as long as short
HTX XMR-USDT	+0.1835%	8h	591.42	−0.120%	$1.1M	$1.5M	20x	as long as short
Extended XMR-USD	+0.1896%	1h	592.56	+0.072%	$3.2M	$7.0M	25x	as long as short
dYdX XMR-USD	+0.1978%	1h	591.18	−0.160%	$107K	$50K	5x	as long as short
Aftermath Perps XMRUSD	+0.2341%	1h	592.86	+0.123%	$2K	$46K	10x	as long as short