Funding you earn now, next payment 05:00 UTC−0.0111%/8h= −12.2% APRpaid last 24h −0.126%
Price spread now: MEXC against Backpack+0.094%7-day average +0.088% · you sell dearer than you buy
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$350.354% of the position
Funding, last 7 days−0.960%−$96 on $10k
+Price spread, last 4 days (all we have)−0.085%−$9 · spread now +0.094%, 7d avg +0.088%
=The price spread sits at its 7-day average of +0.088%, so right now this pair is about funding alone: −$3 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 | 574.86 | 0.0682 | pay 0.0085% / 1h | 12m 38s | $169K | $532K | 20x |
| Short | MEXC XMR_USDT | 575.40 | 0.0571 | get 0.0571% / 8h | 3h 12m | $19.9M | $14.7M | 100x |
Backpack XMR_USDC_PERP
MEXC XMR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$23.34
- Price spread: +0.094% → +0.088%
- $0.55
- Slippage, 4 orders
- −$21.36
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$58.16
- Costs to cover
- 0.354%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 41 min ago; MEXC: live order book, 1 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, 41 min ago | 0.87 bp | 10.1 bp −$10 | 31.0 bp −$310 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 1.04 bp | 9.6 bp −$10 | 29.0 bp −$290 | 73.0 bp −$7,296 | 228.4 bp −$114.2K |
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 | 574.82 | −0.007% | $38K | — | 150x | as long as short |
| Injective XMR/USDC PERP | +0.0033% | 1h | 582.55 | +1.338% | $3K | $3K | 12x | as long as short |
| edgeX XMRUSDC | +0.0100% | 4h | 575.17 | +0.054% | $1.0M | $645K | 10x | as long as short |
| SunX XMR-USDT | +0.0100% | 8h | 575.46 | +0.104% | $2K | $1.9M | 20x | as long as short |
| HTX XMR-USDT | +0.0100% | 8h | 575.29 | +0.075% | $1.1M | $1.5M | 20x | as long as short |
| Aevo XMR-PERP | +0.0224% | 1h | 575.99 | +0.197% | $12K | — | 3x | as long as short |
| Kraken Futures PF_XMRUSD | +0.0225% | 1h | 574.04 | −0.142% | $5.4M | $19.1M | 50x | as long as short |
| KuCoin XMRUSDTM | +0.0303% | 8h | 574.55 | −0.054% | $45.0M | $26.4M | 50x | as long as short |
| Paradex XMR-USD-PERP | +0.0478% | 8h | 575.32 | +0.080% | $8K | $4K | 20x | as long as short |
| Bitget XMRUSDT | +0.0522% | 8h | 575.41 | +0.096% | $9.5M | $13.4M | 50x | as long as short |
gTrade (Gains Network) XMR/USD
Injective XMR/USDC PERP
edgeX XMRUSDC
SunX XMR-USDT
HTX XMR-USDT
Aevo XMR-PERP
Kraken Futures PF_XMRUSD
KuCoin XMRUSDTM
Paradex XMR-USD-PERP
Bitget XMRUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate XMR_USDT | +0.0561% | 8h | 575.20 | +0.059% | $1.5M | $4.5M | 50x | as long as short |
| MEXC XMR_USDTshort | +0.0571% | 8h | 575.40 | +0.094% | $19.9M | $14.7M | 100x | |
| Binance XMRUSDT | +0.0572% | 8h | 574.63 | −0.040% | $52.5M | $163.0M | 75x | as long as short |
| BingX XMR-USDT | +0.0600% | 8h | 575.12 | +0.045% | — | $5.6M | — | as long as short |
| Lighter XMR | +0.0624% | 1h | 575.16 | +0.052% | $3.2M | $7.6M | 10x | as long as short |
| Bybit XMRUSDT | +0.0643% | 8h | 574.40 | −0.080% | $46.7M | $64.4M | 75x | as long as short |
| Pacifica XMR | +0.0682% | 1h | 575.22 | +0.063% | $266K | $1.0M | 10x | as long as short |
| Backpack XMR_USDC_PERPlong | +0.0682% | 1h | 574.86 | long leg | $169K | $532K | 20x | |
| Extended XMR-USD | +0.0704% | 1h | 574.90 | +0.006% | $3.1M | $8.3M | 25x | as long as short |
| Aster XMRUSDT | +0.0723% | 8h | 575.18 | +0.055% | $643K | $2.3M | 75x | as long as short |
| Polymarket Perps XMR-USD | +0.0742% | 1h | 575.83 | +0.169% | $28K | $2.2M | 5x | as long as short |
| dYdX XMR-USD | +0.0869% | 1h | 574.30 | −0.098% | $104K | $44K | 5x | as long as short |
| BloFin XMR-USDT | +0.0942% | 8h | 575.37 | +0.089% | $2.7M | $11.2M | 75x | as long as short |
| GRVT XMR_USDT_Perp | +0.0986% | 8h | 576.48 | +0.282% | $341K | $739K | 10x | as long as short |
| GMX XMR/USD [WBTC.b-USDC] | L +0.0991% / S −0.1217% | 1h | 574.78 | −0.014% | $599K | — | 100x | as long as short |
| Nado XMR-PERP | +0.1107% | 1h | 575.98 | +0.194% | $1.3M | $458K | 10x | as long as short |
| Variational Omni XMR | +0.1143% | 8h | 573.01 | −0.321% | $6.3M | $2.3M | — | as long as short |
| Orderly PERP_XMR_USDC | +0.1149% | 8h | 575.65 | +0.137% | $40K | $735K | 10x | as long as short |
| Hyperliquid XMR | +0.1227% | 1h | 575.18 | +0.056% | $86.7M | $71.2M | 5x | as long as short |
| SoDEX XMR-USD | +0.1414% | 1h | 575.28 | +0.073% | $437K | $3K | 5x | as long as short |
| Aftermath Perps XMRUSD | +0.1879% | 1h | 573.97 | −0.156% | $1K | $43K | 10x | as long as short |
Gate XMR_USDT
Binance XMRUSDT
BingX XMR-USDT
Lighter XMR
Bybit XMRUSDT
Pacifica XMR
Extended XMR-USD
Aster XMRUSDT
Polymarket Perps XMR-USD
dYdX XMR-USD
BloFin XMR-USDT
GRVT XMR_USDT_Perp
GMX XMR/USD [WBTC.b-USDC]
Nado XMR-PERP
Variational Omni XMR
Orderly PERP_XMR_USDC
Hyperliquid XMR
SoDEX XMR-USD
Aftermath Perps XMRUSD