Funding you earn now, next payment 22:00 UTC+0.0144%/8h= +15.7% APRnext payment +$0.18 per $10,000 · paid last 24h +0.034%
Price spread now: dYdX against Backpack−0.076%7-day average −0.134% · you buy dearer than you sell
Net, funding: paid 7d − costs−$544as in the Funding arb table
Net, price: spread back to 7d avg − costs−$516as in the Price arb table
costs, in and out, $10k−$5225.220% of the position
Funding, last 7 days−0.220%−$22 on $10k
+Price spread, last 4 days (all we have)+0.005%+$1 · spread now −0.076%, 7d avg −0.134%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and dYdX is 0.058% dearer against Backpack than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.134%. Mind the row above: over the last 7 days funding on this pair cost −0.220%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XMR_USDC_PERP | 594.84 | 0.0122 | pay 0.0015% / 1h | 37m 09s | $203K | $569K | 20x |
| Short | dYdX XMR-USD | 594.39 | 0.0266 | get 0.0033% / 1h | 37m 09s | $108K | $50K | 5x |
Backpack XMR_USDC_PERP
dYdX XMR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- $30.14
- Price spread: −0.076% → −0.134%
- $5.84
- Slippage, 4 orders
- −$501.96
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$485.98
- Costs to cover
- 5.220%
- Break-even
- 119.9 days
Slippage from Backpack: live order book, 51 min ago; dYdX: live order book, 51 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, 51 min ago | 1.87 bp | 7.0 bp −$7 | 33.0 bp −$330 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 51 min ago | 31.79 bp | 326.8 bp −$327 | 370.4 bp −$3,704 | 518.9 bp −$51.9K | 1556.0 bp −$778.0K |
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 | 594.58 | −0.044% | $45K | — | 150x | as long as short |
| Injective XMR/USDC PERP | +0.0033% | 1h | 591.89 | −0.496% | $3K | $6K | 12x | as long as short |
| Bybit XMRUSDT | +0.0100% | 8h | 594.92 | +0.013% | $47.6M | $60.8M | 75x | as long as short |
| edgeX XMRUSDC | +0.0100% | 4h | 593.32 | −0.255% | $1.1M | $672K | 10x | as long as short |
| SunX XMR-USDT | +0.0100% | 8h | 594.64 | −0.034% | $2K | $1.9M | 20x | as long as short |
| Backpack XMR_USDC_PERPlong | +0.0122% | 1h | 594.84 | long leg | $203K | $569K | 20x | |
| Aevo XMR-PERP | +0.0176% | 1h | 595.00 | +0.027% | $12K | — | 3x | as long as short |
| Polymarket Perps XMR-USD | +0.0190% | 1h | 595.28 | +0.074% | $24K | $1.8M | 5x | as long as short |
| Lighter XMR | +0.0216% | 1h | 595.12 | +0.046% | $3.5M | $6.7M | 10x | as long as short |
| dYdX XMR-USDshort | +0.0266% | 1h | 594.39 | −0.076% | $108K | $50K | 5x |
gTrade (Gains Network) XMR/USD
Injective XMR/USDC PERP
Bybit XMRUSDT
edgeX XMRUSDC
SunX XMR-USDT
Aevo XMR-PERP
Polymarket Perps XMR-USD
Lighter XMRShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX XMR-USD | +0.0274% | 1h | 595.28 | +0.074% | $452K | $4K | 5x | as long as short |
| Variational Omni XMR | +0.0300% | 8h | 593.60 | −0.208% | $6.9M | $2.8M | — | as long as short |
| MEXC XMR_USDT | +0.0367% | 8h | 595.40 | +0.094% | $22.7M | $15.2M | 100x | as long as short |
| Binance XMRUSDT | +0.0368% | 8h | 595.45 | +0.103% | $54.5M | $161.8M | 75x | as long as short |
| BingX XMR-USDT | +0.0372% | 8h | 595.47 | +0.106% | — | $5.8M | — | as long as short |
| Gate XMR_USDT | +0.0376% | 8h | 595.19 | +0.059% | $1.6M | $4.5M | 50x | as long as short |
| Bitget XMRUSDT | +0.0391% | 8h | 595.35 | +0.086% | $9.9M | $14.0M | 50x | as long as short |
| BloFin XMR-USDT | +0.0517% | 8h | 595.58 | +0.124% | $2.8M | $11.3M | 75x | as long as short |
| Aster XMRUSDT | +0.0551% | 8h | 594.87 | +0.005% | $671K | $2.3M | 75x | as long as short |
| Kraken Futures PF_XMRUSD | +0.0612% | 1h | 594.30 | −0.091% | $5.6M | $20.3M | 50x | as long as short |
| Pacifica XMR | +0.0619% | 1h | 595.25 | +0.070% | $269K | $1.0M | 10x | as long as short |
| GRVT XMR_USDT_Perp | +0.0624% | 8h | 593.34 | −0.251% | $346K | $796K | 10x | as long as short |
| KuCoin XMRUSDTM | +0.0627% | 8h | 595.08 | +0.040% | $49.5M | $25.4M | 50x | as long as short |
| Paradex XMR-USD-PERP | +0.0738% | 8h | 595.25 | +0.069% | $8K | $4K | 20x | as long as short |
| Nado XMR-PERP | +0.0817% | 1h | 595.11 | +0.046% | $1.3M | $477K | 10x | as long as short |
| GMX XMR/USD [WBTC.b-USDC] | L +0.0841% / S −0.1411% | 1h | 594.26 | −0.097% | $353K | — | 100x | as long as short |
| Orderly PERP_XMR_USDC | +0.0871% | 8h | 595.12 | +0.047% | $48K | $729K | 10x | as long as short |
| Extended XMR-USD | +0.1104% | 1h | 595.06 | +0.037% | $3.1M | $6.8M | 25x | as long as short |
| Hyperliquid XMR | +0.1572% | 1h | 596.28 | +0.242% | $86.8M | $65.4M | 5x | as long as short |
| Aftermath Perps XMRUSD | +0.2332% | 1h | 593.63 | −0.203% | $2K | $47K | 10x | as long as short |
| HTX XMR-USDT | +0.2401% | 8h | 592.45 | −0.402% | $1.1M | $1.4M | 20x | as long as short |
SoDEX XMR-USD
Variational Omni XMR
MEXC XMR_USDT
Binance XMRUSDT
BingX XMR-USDT
Gate XMR_USDT
Bitget XMRUSDT
BloFin XMR-USDT
Aster XMRUSDT
Kraken Futures PF_XMRUSD
Pacifica XMR
GRVT XMR_USDT_Perp
KuCoin XMRUSDTM
Paradex XMR-USD-PERP
Nado XMR-PERP
GMX XMR/USD [WBTC.b-USDC]
Orderly PERP_XMR_USDC
Extended XMR-USD
Hyperliquid XMR
Aftermath Perps XMRUSD
HTX XMR-USDT