Funding you earn now, next payment 02:00 UTC+0.0392%/8h= +42.9% APRpaid last 24h +0.145%
Price spread now: Backpack against Bitget+0.060%7-day average −0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs+$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$480.481% of the position
Funding, last 7 days+1.011%+$101 on $10k
+Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.060%, 7d avg −0.071%
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Backpack is 0.131% dearer against Bitget than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.071%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget XMRUSDT | 583.95 | 0.0567 | pay 0.0567% / 8h | 6h 57m | $9.6M | $14.4M | 50x |
| Short | Backpack XMR_USDC_PERP | 584.30 | 0.0959 | get 0.0120% / 1h | 57m 09s | $183K | $535K | 20x |
Bitget XMRUSDT
Backpack XMR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Bitget. 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
- $82.24
- Price spread: +0.060% → −0.071%
- $13.14
- Slippage, 4 orders
- −$26.1
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $47.28
- Costs to cover
- 0.481%
- Break-even
- 3.0 days
Slippage from Bitget: live order book, 1 min ago; Backpack: live order book, 12 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 Bitget live order book, 1 min ago | 2.65 bp | 21.5 bp −$22 | 28.7 bp −$287 | 78.7 bp −$7,871 | doesn't fit |
| Sell Backpack live order book, 12 min ago | 0.94 bp | 6.0 bp −$6 | 26.1 bp −$261 | 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 | 584.29 | +0.058% | $34K | — | 150x | as long as short |
| Injective XMR/USDC PERP | +0.0033% | 1h | 596.76 | +2.194% | $3K | $4K | 12x | as long as short |
| edgeX XMRUSDC | +0.0100% | 4h | 585.29 | +0.230% | $1.0M | $661K | 10x | as long as short |
| SunX XMR-USDT | +0.0100% | 8h | 584.62 | +0.115% | $2K | $2.0M | 20x | as long as short |
| HTX XMR-USDT | +0.0100% | 8h | 585.00 | +0.180% | $1.1M | $1.6M | 20x | as long as short |
| Aevo XMR-PERP | +0.0192% | 1h | 585.30 | +0.232% | $12K | — | 3x | as long as short |
| MEXC XMR_USDT | +0.0432% | 8h | 584.73 | +0.134% | $21.1M | $15.2M | 100x | as long as short |
| Binance XMRUSDT | +0.0436% | 8h | 585.14 | +0.204% | $53.4M | $167.6M | 75x | as long as short |
| Gate XMR_USDT | +0.0562% | 8h | 583.44 | −0.087% | $1.6M | $4.6M | 50x | as long as short |
| Bitget XMRUSDTlong | +0.0567% | 8h | 583.95 | long leg | $9.6M | $14.4M | 50x |
gTrade (Gains Network) XMR/USD
Injective XMR/USDC PERP
edgeX XMRUSDC
SunX XMR-USDT
HTX XMR-USDT
Aevo XMR-PERP
MEXC XMR_USDT
Binance XMRUSDT
Gate XMR_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster XMRUSDT | +0.0623% | 8h | 585.20 | +0.214% | $650K | $2.5M | 75x | as long as short |
| BloFin XMR-USDT | +0.0635% | 8h | 585.29 | +0.229% | $2.7M | $11.5M | 75x | as long as short |
| KuCoin XMRUSDTM | +0.0713% | 8h | 585.13 | +0.202% | $48.0M | $26.0M | 50x | as long as short |
| Pacifica XMR | +0.0821% | 1h | 585.69 | +0.298% | $269K | $1.1M | 10x | as long as short |
| GRVT XMR_USDT_Perp | +0.0858% | 8h | 584.08 | +0.023% | $346K | $802K | 10x | as long as short |
| GMX XMR/USD [WBTC.b-USDC] | L +0.0906% / S −0.2667% | 1h | 584.01 | +0.010% | $545K | — | 100x | as long as short |
| Variational Omni XMR | +0.0941% | 8h | 585.38 | +0.245% | $6.7M | $2.6M | — | as long as short |
| Backpack XMR_USDC_PERPshort | +0.0959% | 1h | 584.30 | +0.060% | $183K | $535K | 20x | |
| Lighter XMR | +0.1040% | 1h | 585.27 | +0.225% | $3.3M | $7.2M | 10x | as long as short |
| Orderly PERP_XMR_USDC | +0.1045% | 8h | 585.33 | +0.236% | $42K | $733K | 10x | as long as short |
| BingX XMR-USDT | +0.1137% | 8h | 584.12 | +0.029% | — | $5.8M | — | as long as short |
| Bybit XMRUSDT | +0.1144% | 8h | 584.73 | +0.134% | $46.9M | $64.9M | 75x | as long as short |
| Paradex XMR-USD-PERP | +0.1239% | 8h | 585.44 | +0.256% | $8K | $4K | 20x | as long as short |
| Kraken Futures PF_XMRUSD | +0.1308% | 1h | 584.31 | +0.061% | $5.5M | $20.5M | 50x | as long as short |
| Nado XMR-PERP | +0.1404% | 1h | 585.82 | +0.320% | $1.3M | $464K | 10x | as long as short |
| Polymarket Perps XMR-USD | +0.1519% | 1h | 585.62 | +0.286% | $50K | $1.9M | 5x | as long as short |
| SoDEX XMR-USD | +0.1748% | 1h | 585.31 | +0.233% | $445K | $3K | 5x | as long as short |
| Hyperliquid XMR | +0.1983% | 1h | 584.95 | +0.171% | $88.6M | $73.1M | 5x | as long as short |
| dYdX XMR-USD | +0.2252% | 1h | 584.10 | +0.026% | $106K | $50K | 5x | as long as short |
| Extended XMR-USD | +0.2288% | 1h | 585.15 | +0.206% | $3.1M | $8.1M | 25x | as long as short |
| Aftermath Perps XMRUSD | +0.2664% | 1h | 585.92 | +0.337% | $1K | $46K | 10x | as long as short |
Aster XMRUSDT
BloFin XMR-USDT
KuCoin XMRUSDTM
Pacifica XMR
GRVT XMR_USDT_Perp
GMX XMR/USD [WBTC.b-USDC]
Variational Omni XMR
Lighter XMR
Orderly PERP_XMR_USDC
BingX XMR-USDT
Bybit XMRUSDT
Paradex XMR-USD-PERP
Kraken Futures PF_XMRUSD
Nado XMR-PERP
Polymarket Perps XMR-USD
SoDEX XMR-USD
Hyperliquid XMR
dYdX XMR-USD
Extended XMR-USD
Aftermath Perps XMRUSD