Funding you earn now, next payment 02:00 UTC+0.0151%/8h= +16.5% APRpaid last 24h +0.121%
Price spread now: Backpack against BingX−0.128%7-day average −0.087% · you buy dearer than you sell
Net, funding: paid 7d − costs+$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$390.386% of the position
Funding, last 7 days+0.908%+$91 on $10k
+Price spread, last 4 days (all we have)+0.154%+$15 · spread now −0.128%, 7d avg −0.087%
=Funding pays, the price is against you. Backpack is 0.041% cheaper against BingX than usual: you would sell low and buy high (spread −0.128% now, against its 7-day average of −0.087%). If the spread goes back, that is −$4 on $10k: about 22 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.908% in total) that is about 8 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX XMR-USDT | 585.14 | 0.0796 | pay 0.0796% / 8h | 6h 10m | — | $5.8M | — |
| Short | Backpack XMR_USDC_PERP | 584.39 | 0.0947 | get 0.0118% / 1h | 10m 11s | $172K | $540K | 20x |
BingX XMR-USDT
Backpack XMR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against BingX. 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
- $31.72
- Price spread: −0.128% → −0.087%
- −$4.15
- Slippage, 4 orders
- −$18.61
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$11.04
- Costs to cover
- 0.386%
- Break-even
- 9.4 days
Slippage from BingX: live order book, 10 min ago; Backpack: live order book, 59 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 BingX live order book, 10 min ago | 0.76 bp | 11.1 bp −$11 | 20.5 bp −$205 | 94.1 bp −$9,406 | doesn't fit |
| Sell Backpack live order book, 59 min ago | 0.94 bp | 6.0 bp −$6 | 26.1 bp −$261 | doesn't fit | doesn't fit |
XMR on 30 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 −0.0010% | 1h | 584.09 | −0.180% | $35K | — | 150x | as long as short |
| Injective XMR/USDC PERP | +0.0033% | 1h | 596.76 | +1.986% | $3K | $4K | 12x | as long as short |
| edgeX XMRUSDC | +0.0100% | 4h | 587.73 | +0.442% | $1.0M | $670K | 10x | as long as short |
| SunX XMR-USDT | +0.0100% | 8h | 584.54 | −0.103% | $2K | $1.9M | 20x | as long as short |
| HTX XMR-USDT | +0.0100% | 8h | 585.00 | −0.024% | $1.1M | $1.6M | 20x | as long as short |
| Aevo XMR-PERP | +0.0208% | 1h | 585.19 | +0.009% | $12K | — | 3x | as long as short |
| dYdX XMR-USD | +0.0389% | 1h | 584.80 | −0.058% | $106K | $50K | 5x | as long as short |
| MEXC XMR_USDT | +0.0520% | 8h | 585.30 | +0.027% | $20.8M | $15.3M | 100x | as long as short |
| Binance XMRUSDT | +0.0521% | 8h | 585.25 | +0.020% | $53.4M | $168.3M | 75x | as long as short |
| Bitget XMRUSDT | +0.0624% | 8h | 585.11 | −0.005% | $9.6M | $14.2M | 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
dYdX XMR-USD
MEXC XMR_USDT
Binance XMRUSDT
Bitget XMRUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster XMRUSDT | +0.0703% | 8h | 585.20 | +0.010% | $651K | $2.5M | 75x | as long as short |
| Gate XMR_USDT | +0.0775% | 8h | 584.83 | −0.053% | $1.6M | $4.6M | 50x | as long as short |
| KuCoin XMRUSDTM | +0.0793% | 8h | 585.28 | +0.024% | $48.0M | $26.1M | 50x | as long as short |
| BingX XMR-USDTlong | +0.0796% | 8h | 585.14 | long leg | — | $5.8M | — | |
| Pacifica XMR | +0.0821% | 1h | 585.74 | +0.103% | $270K | $1.1M | 10x | as long as short |
| Bybit XMRUSDT | +0.0822% | 8h | 585.24 | +0.017% | $47.4M | $65.1M | 75x | as long as short |
| Polymarket Perps XMR-USD | +0.0930% | 1h | 585.09 | −0.009% | $32K | $2.1M | 5x | as long as short |
| Backpack XMR_USDC_PERPshort | +0.0947% | 1h | 584.39 | −0.128% | $172K | $540K | 20x | |
| GMX XMR/USD [WBTC.b-USDC] | L +0.0953% / S −0.1203% | 1h | 584.04 | −0.188% | $651K | — | 100x | as long as short |
| Lighter XMR | +0.1024% | 1h | 585.25 | +0.019% | $3.3M | $7.2M | 10x | as long as short |
| Variational Omni XMR | +0.1043% | 8h | 586.31 | +0.200% | $6.7M | $2.9M | — | as long as short |
| GRVT XMR_USDT_Perp | +0.1056% | 8h | 586.41 | +0.217% | $343K | $795K | 10x | as long as short |
| Orderly PERP_XMR_USDC | +0.1063% | 8h | 585.43 | +0.050% | $42K | $736K | 10x | as long as short |
| Paradex XMR-USD-PERP | +0.1251% | 8h | 585.52 | +0.065% | $8K | $4K | 20x | as long as short |
| Kraken Futures PF_XMRUSD | +0.1308% | 1h | 584.21 | −0.160% | $5.5M | $20.5M | 50x | as long as short |
| Nado XMR-PERP | +0.1471% | 1h | 585.37 | +0.039% | $1.3M | $467K | 10x | as long as short |
| SoDEX XMR-USD | +0.1624% | 1h | 585.31 | +0.029% | $445K | $3K | 5x | as long as short |
| Hyperliquid XMR | +0.1658% | 1h | 585.18 | +0.007% | $88.4M | $73.9M | 5x | as long as short |
| Extended XMR-USD | +0.1920% | 1h | 585.14 | 0.000% | $3.1M | $8.1M | 25x | as long as short |
| Aftermath Perps XMRUSD | +0.2780% | 1h | 585.95 | +0.138% | $1K | $46K | 10x | as long as short |
Aster XMRUSDT
Gate XMR_USDT
KuCoin XMRUSDTM
Pacifica XMR
Bybit XMRUSDT
Polymarket Perps XMR-USD
GMX XMR/USD [WBTC.b-USDC]
Lighter XMR
Variational Omni XMR
GRVT XMR_USDT_Perp
Orderly PERP_XMR_USDC
Paradex XMR-USD-PERP
Kraken Futures PF_XMRUSD
Nado XMR-PERP
SoDEX XMR-USD
Hyperliquid XMR
Extended XMR-USD
Aftermath Perps XMRUSD