Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0451%/8h= −49.4% APRpaid last 24h −0.135%

Price spread now: Aster against Backpack+0.101%55s7-day average +0.024% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$340.341% of the position

Long on Backpack Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.876%−$88 on $10k

Price spread, last 4 days (all we have)−0.287%−$29 · spread now +0.101%, 7d avg +0.024%

Together, before fees−1.163%+ Points / potential airdropAster: Stage 5 · farm board−$116 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.077% dearer against Backpack than usual: you sell high and buy low (spread +0.101% now, against its 7-day average of +0.024%): +$8 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 14 hours. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack XMR_USDC_PERP	596.63	0.0984	pay 0.0123% / 1h	41m 15s	$203K	$575K	20x
Short	Aster XMRUSDT	597.23	0.0533	get 0.0533% / 8h	1h 41m	$671K	$2.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Backpack. 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 BackpackbpFee AsterbpOrdersPrice spread, now +0.101%Rate

Funding earned: −$94.74
Price spread: +0.101% → +0.024%: $7.67
Slippage, 4 orders: −$16.13
Fee Backpack: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$121.21
Costs to cover: 0.341%
Break-even: never at this rate

Slippage from Backpack: live order book, 43 min ago; Aster: live order book, 2 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 Backpack live order book, 43 min ago	1.68 bp	6.7 bp −$7	23.8 bp −$238	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	1.51 bp	11.6 bp −$12	41.8 bp −$418	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	595.84	−0.132%	$44K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	596.81	+0.030%	$48.3M	$61.4M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	597.13	+0.083%	$1.1M	$663K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	597.31	+0.114%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0160%	1h	592.61	−0.674%	$12K	—	3x	as long as short
Variational Omni XMR	+0.0246%	8h	597.79	+0.194%	$6.9M	$2.7M	—	as long as short
MEXC XMR_USDT	+0.0327%	8h	596.81	+0.030%	$22.4M	$15.0M	100x	as long as short
Binance XMRUSDT	+0.0331%	8h	596.81	+0.030%	$54.8M	$162.8M	75x	as long as short
BingX XMR-USDT	+0.0374%	8h	596.94	+0.052%	—	$5.7M	—	as long as short
Kraken Futures PF_XMRUSD	+0.0382%	1h	595.78	−0.142%	$5.7M	$20.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica XMR	+0.0387%	1h	598.10	+0.246%	$271K	$1.0M	10x	as long as short
Bitget XMRUSDT	+0.0395%	8h	597.41	+0.131%	$10.0M	$14.2M	50x	as long as short
BloFin XMR-USDT	+0.0473%	8h	597.00	+0.062%	$2.8M	$11.5M	75x	as long as short
Gate XMR_USDT	+0.0492%	8h	596.34	−0.049%	$1.6M	$4.5M	50x	as long as short
Aster XMRUSDTshort	+0.0533%	8h	597.23	+0.101%	$671K	$2.3M	75x
KuCoin XMRUSDTM	+0.0550%	8h	596.38	−0.042%	$48.7M	$25.8M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0593%	8h	595.66	−0.163%	$354K	$785K	10x	as long as short
Injective XMR/USDC PERP	+0.0695%	1h	591.89	−0.794%	$3K	$6K	12x	as long as short
Polymarket Perps XMR-USD	+0.0768%	1h	598.04	+0.236%	$23K	$1.8M	5x	as long as short
Lighter XMR	+0.0768%	1h	596.84	+0.035%	$3.5M	$6.7M	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0823% / S −0.1341%	1h	595.90	−0.123%	$341K	—	100x	as long as short
Paradex XMR-USD-PERP	+0.0860%	8h	598.05	+0.238%	$8K	$4K	20x	as long as short
SoDEX XMR-USD	+0.0875%	1h	596.89	+0.044%	$454K	$3K	5x	as long as short
Orderly PERP_XMR_USDC	+0.0916%	8h	596.70	+0.012%	$48K	$720K	10x	as long as short
Backpack XMR_USDC_PERPlong	+0.0984%	1h	596.63	long leg	$203K	$575K	20x
dYdX XMR-USD	+0.1368%	1h	595.30	−0.223%	$108K	$50K	5x	as long as short
Nado XMR-PERP	+0.1551%	1h	598.02	+0.233%	$1.3M	$480K	10x	as long as short
Extended XMR-USD	+0.1784%	1h	596.77	+0.024%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1864%	1h	598.65	+0.339%	$88.7M	$67.5M	5x	as long as short
HTX XMR-USDT	+0.2115%	8h	594.96	−0.280%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2437%	1h	596.90	+0.045%	$2K	$47K	10x	as long as short