XMR

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0941%/8h= −103.0% APRnext payment −$1.18 per $10,000 · paid last 24h −0.005%

Price spread now: Backpack against Extended+0.074%48s7-day average −0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs+$4as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$260.257% of the position

Long on Extended Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.293%+$29 on $10k

Price spread, last 4 days (all we have)−0.058%−$6 · spread now +0.074%, 7d avg −0.049%

Together, before fees+0.235%+ Points / potential airdropExtended: Active · farm board+$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Backpack is 0.123% dearer against Extended than usual: you sell high and buy low (spread +0.074% now, against its 7-day average of −0.049%): +$12 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 10 hours. Mind the row above: over the last 7 days funding on this pair paid +0.293%, so the current rate has only just turned against you. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.293% in total (about 15.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.18 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	Extended XMR-USD	583.96	0.1888	pay 0.0236% / 1h	9m 20s	$3.1M	$8.1M	25x
Short	Backpack XMR_USDC_PERP	584.39	0.0947	get 0.0118% / 1h	9m 20s	$172K	$540K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Extended. 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 ExtendedbpFee BackpackbpOrdersPrice spread, now +0.074%Rate

Funding earned: −$197.6
Price spread: +0.074% → −0.049%: $12.27
Slippage, 4 orders: −$10.66
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$211
Costs to cover: 0.257%
Break-even: never at this rate

Slippage from Extended: live order book, 5 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 Extended live order book, 5 min ago	3.66 bp	6.5 bp −$7	11.6 bp −$116	doesn't fit	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	582.90	−0.181%	$34K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+2.192%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	586.30	+0.401%	$1.0M	$667K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	583.35	−0.104%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	584.00	+0.007%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	584.22	+0.044%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0389%	1h	583.73	−0.039%	$106K	$50K	5x	as long as short
Binance XMRUSDT	+0.0518%	8h	584.10	+0.024%	$53.3M	$168.2M	75x	as long as short
MEXC XMR_USDT	+0.0520%	8h	584.26	+0.052%	$20.8M	$15.3M	100x	as long as short
Bitget XMRUSDT	+0.0623%	8h	584.09	+0.022%	$9.6M	$14.2M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XMRUSDT	+0.0700%	8h	584.37	+0.071%	$650K	$2.5M	75x	as long as short
Gate XMR_USDT	+0.0771%	8h	584.06	+0.017%	$1.6M	$4.6M	50x	as long as short
KuCoin XMRUSDTM	+0.0788%	8h	584.88	+0.158%	$48.0M	$26.1M	50x	as long as short
BingX XMR-USDT	+0.0796%	8h	584.07	+0.019%	—	$5.8M	—	as long as short
Pacifica XMR	+0.0821%	1h	584.93	+0.166%	$269K	$1.1M	10x	as long as short
Bybit XMRUSDT	+0.0822%	8h	584.03	+0.012%	$47.3M	$65.0M	75x	as long as short
Polymarket Perps XMR-USD	+0.0916%	1h	584.12	+0.028%	$32K	$2.1M	5x	as long as short
Backpack XMR_USDC_PERPshort	+0.0947%	1h	584.39	+0.074%	$172K	$540K	20x
GMX XMR/USD [WBTC.b-USDC]	L +0.0953% / S −0.1203%	1h	582.76	−0.206%	$651K	—	100x	as long as short
Lighter XMR	+0.1008%	1h	583.98	+0.004%	$3.3M	$7.2M	10x	as long as short
Variational Omni XMR	+0.1043%	8h	586.31	+0.403%	$6.7M	$2.9M	—	as long as short
GRVT XMR_USDT_Perp	+0.1050%	8h	586.14	+0.373%	$343K	$795K	10x	as long as short
Orderly PERP_XMR_USDC	+0.1064%	8h	584.01	+0.009%	$42K	$736K	10x	as long as short
Paradex XMR-USD-PERP	+0.1245%	8h	584.91	+0.164%	$8K	$4K	20x	as long as short
Kraken Futures PF_XMRUSD	+0.1311%	1h	582.79	−0.201%	$5.5M	$20.5M	50x	as long as short
Nado XMR-PERP	+0.1463%	1h	584.39	+0.075%	$1.3M	$467K	10x	as long as short
SoDEX XMR-USD	+0.1600%	1h	584.08	+0.021%	$444K	$3K	5x	as long as short
Hyperliquid XMR	+0.1646%	1h	584.73	+0.132%	$88.3M	$73.1M	5x	as long as short
Extended XMR-USDlong	+0.1888%	1h	583.96	long leg	$3.1M	$8.1M	25x
Aftermath Perps XMRUSD	+0.2778%	1h	585.52	+0.267%	$1K	$46K	10x	as long as short