XMR

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.1311%/8h= +143.5% APRnext payment +$1.64 per $10,000 · paid last 24h −0.073%

Price spread now: GMX against Backpack−0.256%7-day average −0.101% · you buy dearer than you sell

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

Long on Backpack Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.239%−$24 on $10k

Price spread, last 3 days (all we have)+0.112%+$11 · spread now −0.256%, 7d avg −0.101%

Together, before fees−0.127%−$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.155% cheaper against Backpack than usual: you would sell low and buy high (spread −0.256% now, against its 7-day average of −0.101%). If the spread goes back, that is −$16 on $10k: about 9 hours of funding at the current rate (+$39 a day). Mind the row above: over the last 3 days funding on this pair cost −0.239%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.239% in total (about -28.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.64 per $10,000. 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	Backpack XMR_USDC_PERP	593.91	0.0100	pay 0.0013% / 1h	39m 13s	$202K	$563K	20x
Short	GMX XMR/USD [WBTC.b-USDC]	592.39	L +0.0841% / S −0.1411%	get 0.0176% / 1h	39m 13s	$352K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.256%Rate

Funding earned: $275.24
Price spread: −0.256% → −0.101%: −$15.52
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $237.71
Costs to cover: 0.220%
Break-even: 1.0 days

Slippage unknown: Backpack: live order book, 49 min ago; GMX: no order-book sample. 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 Backpack live order book, 49 min ago	1.87 bp	7.0 bp −$7	33.0 bp −$330	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	592.44	−0.248%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	591.89	−0.340%	$3K	$6K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	592.95	−0.162%	$47.4M	$60.7M	75x	as long as short
Backpack XMR_USDC_PERPlong	+0.0100%	1h	593.91	long leg	$202K	$563K	20x
edgeX XMRUSDC	+0.0100%	4h	593.35	−0.094%	$1.1M	$671K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	592.28	−0.274%	$2K	$1.9M	20x	as long as short
Polymarket Perps XMR-USD	+0.0148%	1h	593.11	−0.135%	$24K	$1.8M	5x	as long as short
dYdX XMR-USD	+0.0168%	1h	592.66	−0.210%	$108K	$50K	5x	as long as short
Lighter XMR	+0.0168%	1h	592.79	−0.189%	$3.5M	$6.7M	10x	as long as short
Aevo XMR-PERP	+0.0176%	1h	593.35	−0.094%	$12K	—	3x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX XMR-USD	+0.0180%	1h	593.14	−0.130%	$451K	$4K	5x	as long as short
Variational Omni XMR	+0.0300%	8h	593.60	−0.052%	$6.9M	$2.8M	—	as long as short
Gate XMR_USDT	+0.0360%	8h	592.53	−0.232%	$1.6M	$4.5M	50x	as long as short
MEXC XMR_USDT	+0.0369%	8h	593.00	−0.153%	$22.6M	$15.2M	100x	as long as short
Binance XMRUSDT	+0.0369%	8h	593.14	−0.130%	$54.3M	$161.7M	75x	as long as short
BingX XMR-USDT	+0.0376%	8h	593.11	−0.135%	—	$5.8M	—	as long as short
Bitget XMRUSDT	+0.0392%	8h	592.95	−0.162%	$9.8M	$14.0M	50x	as long as short
BloFin XMR-USDT	+0.0518%	8h	592.79	−0.189%	$2.8M	$11.3M	75x	as long as short
Aster XMRUSDT	+0.0554%	8h	593.94	+0.004%	$670K	$2.3M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0614%	1h	592.18	−0.291%	$5.6M	$20.3M	50x	as long as short
Pacifica XMR	+0.0619%	1h	593.79	−0.021%	$268K	$1.0M	10x	as long as short
GRVT XMR_USDT_Perp	+0.0624%	8h	593.34	−0.095%	$346K	$796K	10x	as long as short
KuCoin XMRUSDTM	+0.0626%	8h	592.75	−0.195%	$49.3M	$25.4M	50x	as long as short
Paradex XMR-USD-PERP	+0.0732%	8h	593.59	−0.054%	$8K	$4K	20x	as long as short
Nado XMR-PERP	+0.0806%	1h	593.17	−0.124%	$1.3M	$477K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]short	L +0.0841% / S −0.1411%	1h	592.39	−0.256%	$352K	—	100x
Orderly PERP_XMR_USDC	+0.0868%	8h	593.20	−0.120%	$48K	$729K	10x	as long as short
Extended XMR-USD	+0.1064%	1h	592.94	−0.163%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1532%	1h	594.27	+0.061%	$86.5M	$65.3M	5x	as long as short
Aftermath Perps XMRUSD	+0.2300%	1h	593.21	−0.118%	$2K	$47K	10x	as long as short
HTX XMR-USDT	+0.2402%	8h	590.51	−0.572%	$1.1M	$1.4M	20x	as long as short