Funding you earn now, next payment 06:00 UTC−0.0829%/8h= −90.7% APRpaid last 24h −0.118%
Price spread now: Binance against Backpack+0.081%7-day average +0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$128as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$320.322% of the position
Funding, last 7 days−0.958%−$96 on $10k
+Price spread, last 4 days (all we have)−0.036%−$4 · spread now +0.081%, 7d avg +0.081%
=The price spread sits at its 7-day average of +0.081%, so right now this pair is about funding alone: −$25 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XMR_USDC_PERP | 570.76 | 0.1435 | pay 0.0179% / 1h | 43m 26s | $168K | $534K | 20x |
| Short | Binance XMRUSDT | 571.22 | 0.0606 | get 0.0606% / 8h | 2h 43m | $52.3M | $163.3M | 75x |
Backpack XMR_USDC_PERP
Binance XMRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$174.03
- Price spread: +0.081% → +0.081%
- −$0.01
- Slippage, 4 orders
- −$12.19
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$206.22
- Costs to cover
- 0.322%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 5 min ago; Binance: live order book, 15 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, 5 min ago | 1.66 bp | 6.9 bp −$7 | 33.1 bp −$331 | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 0.09 bp | 8.6 bp −$9 | 22.1 bp −$221 | 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 −0.0003% | 1h | 570.03 | −0.128% | $37K | — | 150x | as long as short |
| Injective XMR/USDC PERP | +0.0033% | 1h | 582.55 | +2.066% | $3K | $3K | 12x | as long as short |
| edgeX XMRUSDC | +0.0100% | 4h | 571.99 | +0.215% | $1.0M | $645K | 10x | as long as short |
| SunX XMR-USDT | +0.0100% | 8h | 570.49 | −0.047% | $2K | $1.9M | 20x | as long as short |
| HTX XMR-USDT | +0.0100% | 8h | 571.21 | +0.079% | $1.1M | $1.6M | 20x | as long as short |
| Aevo XMR-PERP | +0.0232% | 1h | 571.38 | +0.108% | $12K | — | 3x | as long as short |
| KuCoin XMRUSDTM | +0.0293% | 8h | 570.65 | −0.019% | $44.8M | $26.5M | 50x | as long as short |
| Bitget XMRUSDT | +0.0566% | 8h | 571.41 | +0.114% | $9.4M | $13.5M | 50x | as long as short |
| Gate XMR_USDT | +0.0601% | 8h | 570.43 | −0.058% | $1.5M | $4.3M | 50x | as long as short |
| MEXC XMR_USDT | +0.0605% | 8h | 571.31 | +0.096% | $19.7M | $14.6M | 100x | as long as short |
gTrade (Gains Network) XMR/USD
Injective XMR/USDC PERP
edgeX XMRUSDC
SunX XMR-USDT
HTX XMR-USDT
Aevo XMR-PERP
KuCoin XMRUSDTM
Bitget XMRUSDT
Gate XMR_USDT
MEXC XMR_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance XMRUSDTshort | +0.0606% | 8h | 571.22 | +0.081% | $52.3M | $163.3M | 75x | |
| BingX XMR-USDT | +0.0661% | 8h | 571.20 | +0.077% | — | $5.7M | — | as long as short |
| dYdX XMR-USD | +0.0698% | 1h | 569.80 | −0.169% | $103K | $44K | 5x | as long as short |
| Bybit XMRUSDT | +0.0709% | 8h | 571.13 | +0.065% | $46.3M | $64.7M | 75x | as long as short |
| Kraken Futures PF_XMRUSD | +0.0751% | 1h | 570.02 | −0.130% | $5.4M | $19.1M | 50x | as long as short |
| Aster XMRUSDT | +0.0754% | 8h | 571.28 | +0.090% | $640K | $2.3M | 75x | as long as short |
| Extended XMR-USD | +0.0784% | 1h | 571.09 | +0.058% | $3.0M | $8.3M | 25x | as long as short |
| Polymarket Perps XMR-USD | +0.0808% | 1h | 570.96 | +0.035% | $28K | $2.2M | 5x | as long as short |
| Paradex XMR-USD-PERP | +0.0873% | 8h | 571.13 | +0.064% | $8K | $4K | 20x | as long as short |
| Pacifica XMR | +0.0912% | 1h | 571.33 | +0.099% | $265K | $1.0M | 10x | as long as short |
| BloFin XMR-USDT | +0.0994% | 8h | 571.15 | +0.068% | $2.7M | $11.2M | 75x | as long as short |
| GRVT XMR_USDT_Perp | +0.1005% | 8h | 571.24 | +0.084% | $330K | $728K | 10x | as long as short |
| GMX XMR/USD [WBTC.b-USDC] | L +0.1036% / S −0.1358% | 1h | 569.79 | −0.170% | $590K | — | 100x | as long as short |
| Lighter XMR | +0.1128% | 1h | 571.12 | +0.063% | $3.1M | $7.5M | 10x | as long as short |
| Orderly PERP_XMR_USDC | +0.1187% | 8h | 570.99 | +0.040% | $40K | $714K | 10x | as long as short |
| Variational Omni XMR | +0.1188% | 8h | 571.45 | +0.122% | $6.3M | $2.3M | — | as long as short |
| Hyperliquid XMR | +0.1227% | 1h | 571.27 | +0.089% | $86.1M | $71.4M | 5x | as long as short |
| SoDEX XMR-USD | +0.1430% | 1h | 571.21 | +0.079% | $434K | $3K | 5x | as long as short |
| Backpack XMR_USDC_PERPlong | +0.1435% | 1h | 570.76 | long leg | $168K | $534K | 20x | |
| Nado XMR-PERP | +0.1511% | 1h | 571.32 | +0.098% | $1.3M | $458K | 10x | as long as short |
| Aftermath Perps XMRUSD | +0.2095% | 1h | 571.22 | +0.081% | $1K | $43K | 10x | as long as short |
BingX XMR-USDT
dYdX XMR-USD
Bybit XMRUSDT
Kraken Futures PF_XMRUSD
Aster XMRUSDT
Extended XMR-USD
Polymarket Perps XMR-USD
Paradex XMR-USD-PERP
Pacifica XMR
BloFin XMR-USDT
GRVT XMR_USDT_Perp
GMX XMR/USD [WBTC.b-USDC]
Lighter XMR
Orderly PERP_XMR_USDC
Variational Omni XMR
Hyperliquid XMR
SoDEX XMR-USD
Nado XMR-PERP
Aftermath Perps XMRUSD