Funding you earn now, next payment 22:00 UTC−0.0079%/8h= −8.7% APRpaid last 24h −0.147%
Price spread now: Variational Omni against Backpack−0.114%7-day average +0.106% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.576%−$58 on $10k
+Price spread, last 4 days (all we have)+3.162%+$316 · spread now −0.114%, 7d avg +0.106%
=Together, before fees+2.586%+ Points / potential airdropVariational Omni: Active · farm board+$259 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.220% cheaper against Backpack than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.106%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XMR_USDC_PERP | 596.62 | 0.0351 | pay 0.0044% / 1h | 16m 31s | $203K | $576K | 20x |
| Short | Variational Omni XMR | 595.94 | 0.0272 | get 0.0272% / 8h | 2h 16m | $6.9M | $2.8M | — |
Backpack XMR_USDC_PERP
Variational Omni XMRFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$16.66
- Price spread: −0.114% → +0.106%
- −$22.05
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$48.71
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 7 min ago; Variational Omni: RFQ quote, 3 min ago. 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, 7 min ago | 1.68 bp | 6.7 bp −$7 | 23.8 bp −$238 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 2.79 bp | doesn't fit | 37.5 bp −$375 | 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 | 597.38 | +0.127% | $45K | — | 150x | as long as short |
| Injective XMR/USDC PERP | +0.0033% | 1h | 591.89 | −0.793% | $3K | $6K | 12x | as long as short |
| Bybit XMRUSDT | +0.0100% | 8h | 596.32 | −0.050% | $47.9M | $61.0M | 75x | as long as short |
| edgeX XMRUSDC | +0.0100% | 4h | 597.29 | +0.113% | $1.1M | $673K | 10x | as long as short |
| SunX XMR-USDT | +0.0100% | 8h | 597.37 | +0.126% | $3K | $1.9M | 20x | as long as short |
| Aevo XMR-PERP | +0.0168% | 1h | 597.62 | +0.168% | $12K | — | 3x | as long as short |
| Variational Omni XMRshort | +0.0272% | 8h | 595.94 | −0.114% | $6.9M | $2.8M | — | |
| Polymarket Perps XMR-USD | +0.0281% | 1h | 596.89 | +0.045% | $24K | $1.8M | 5x | as long as short |
| Lighter XMR | +0.0288% | 1h | 596.54 | −0.013% | $3.5M | $6.7M | 10x | as long as short |
| Backpack XMR_USDC_PERPlong | +0.0351% | 1h | 596.62 | long leg | $203K | $576K | 20x |
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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC XMR_USDT | +0.0352% | 8h | 596.72 | +0.017% | $22.8M | $15.3M | 100x | as long as short |
| Binance XMRUSDT | +0.0352% | 8h | 596.32 | −0.050% | $54.7M | $162.3M | 75x | as long as short |
| BingX XMR-USDT | +0.0365% | 8h | 596.65 | +0.005% | — | $5.8M | — | as long as short |
| Bitget XMRUSDT | +0.0381% | 8h | 596.66 | +0.007% | $9.9M | $14.2M | 50x | as long as short |
| Gate XMR_USDT | +0.0406% | 8h | 596.67 | +0.008% | $1.6M | $4.5M | 50x | as long as short |
| SoDEX XMR-USD | +0.0415% | 1h | 596.94 | +0.054% | $454K | $3K | 5x | as long as short |
| BloFin XMR-USDT | +0.0498% | 8h | 597.11 | +0.082% | $2.8M | $11.4M | 75x | as long as short |
| Aster XMRUSDT | +0.0542% | 8h | 597.32 | +0.118% | $675K | $2.3M | 75x | as long as short |
| KuCoin XMRUSDTM | +0.0590% | 8h | 596.44 | −0.030% | $49.3M | $25.5M | 50x | as long as short |
| Kraken Futures PF_XMRUSD | +0.0610% | 1h | 596.17 | −0.076% | $5.7M | $20.4M | 50x | as long as short |
| GRVT XMR_USDT_Perp | +0.0611% | 8h | 597.24 | +0.103% | $350K | $782K | 10x | as long as short |
| Pacifica XMR | +0.0619% | 1h | 596.87 | +0.042% | $272K | $1.0M | 10x | as long as short |
| dYdX XMR-USD | +0.0705% | 1h | 594.89 | −0.289% | $108K | $50K | 5x | as long as short |
| Paradex XMR-USD-PERP | +0.0771% | 8h | 596.59 | −0.005% | $8K | $4K | 20x | as long as short |
| GMX XMR/USD [WBTC.b-USDC] | L +0.0865% / S −0.1487% | 1h | 597.24 | +0.104% | $370K | — | 100x | as long as short |
| Orderly PERP_XMR_USDC | +0.0902% | 8h | 597.30 | +0.114% | $48K | $718K | 10x | as long as short |
| Nado XMR-PERP | +0.0977% | 1h | 596.74 | +0.019% | $1.3M | $478K | 10x | as long as short |
| Extended XMR-USD | +0.1264% | 1h | 596.66 | +0.007% | $3.1M | $6.8M | 25x | as long as short |
| Hyperliquid XMR | +0.1587% | 1h | 597.73 | +0.186% | $87.5M | $66.3M | 5x | as long as short |
| HTX XMR-USDT | +0.2266% | 8h | 594.00 | −0.439% | $1.1M | $1.4M | 20x | as long as short |
| Aftermath Perps XMRUSD | +0.2306% | 1h | 596.80 | +0.030% | $2K | $47K | 10x | as long as short |
MEXC XMR_USDT
Binance XMRUSDT
BingX XMR-USDT
Bitget XMRUSDT
Gate XMR_USDT
SoDEX XMR-USD
BloFin XMR-USDT
Aster XMRUSDT
KuCoin XMRUSDTM
Kraken Futures PF_XMRUSD
GRVT XMR_USDT_Perp
Pacifica XMR
dYdX XMR-USD
Paradex XMR-USD-PERP
GMX XMR/USD [WBTC.b-USDC]
Orderly PERP_XMR_USDC
Nado XMR-PERP
Extended XMR-USD
Hyperliquid XMR
HTX XMR-USDT
Aftermath Perps XMRUSD