Funding you earn now, next payment 05:00 UTC+0.0679%/8h= +74.3% APRnext payment +$0.85 per $10,000 · paid last 24h +0.323%
Price spread now: Backpack against gTrade (Gains Network)+0.098%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Backpack is 0.098% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) XMR/USD | 573.59 | L +0.0010% / S −0.0003% | pay 0.0001% / 1h | 11m 53s | $37K | — | 150x |
| Short | Backpack XMR_USDC_PERP | 574.15 | 0.0689 | get 0.0086% / 1h | 11m 53s | $169K | $532K | 20x |
gTrade (Gains Network) XMR/USD
Backpack XMR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against gTrade (Gains Network). 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
- $142.5
- Price spread: +0.098% → 0.000%
- $9.82
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $130.31
- Costs to cover
- 0.220%
- Break-even
- 0.6 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Backpack: live order book, 42 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 42 min ago | 0.87 bp | 5.9 bp −$6 | 27.0 bp −$270 | doesn't fit | doesn't fit |
gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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/USDlong | L +0.0010% / S −0.0003% | 1h | 573.59 | long leg | $37K | — | 150x | |
| Injective XMR/USDC PERP | +0.0033% | 1h | 582.55 | +1.563% | $3K | $3K | 12x | as long as short |
| edgeX XMRUSDC | +0.0100% | 4h | 575.17 | +0.276% | $1.0M | $645K | 10x | as long as short |
| SunX XMR-USDT | +0.0100% | 8h | 573.90 | +0.055% | $2K | $1.9M | 20x | as long as short |
| HTX XMR-USDT | +0.0100% | 8h | 573.00 | −0.102% | $1.1M | $1.6M | 20x | as long as short |
| Aevo XMR-PERP | +0.0224% | 1h | 575.70 | +0.369% | $12K | — | 3x | as long as short |
| Kraken Futures PF_XMRUSD | +0.0225% | 1h | 573.58 | −0.001% | $5.4M | $19.1M | 50x | as long as short |
| KuCoin XMRUSDTM | +0.0303% | 8h | 574.24 | +0.114% | $45.0M | $26.4M | 50x | as long as short |
| Paradex XMR-USD-PERP | +0.0478% | 8h | 575.32 | +0.302% | $8K | $4K | 20x | as long as short |
| Bitget XMRUSDT | +0.0522% | 8h | 574.82 | +0.215% | $9.5M | $13.4M | 50x | as long as short |
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 | 574.48 | +0.156% | $1.5M | $4.5M | 50x | as long as short |
| MEXC XMR_USDT | +0.0571% | 8h | 574.81 | +0.213% | $19.9M | $14.7M | 100x | as long as short |
| Binance XMRUSDT | +0.0572% | 8h | 574.68 | +0.191% | $52.5M | $163.0M | 75x | as long as short |
| BingX XMR-USDT | +0.0613% | 8h | 574.90 | +0.229% | — | $5.6M | — | as long as short |
| Lighter XMR | +0.0624% | 1h | 574.65 | +0.185% | $3.1M | $7.6M | 10x | as long as short |
| Bybit XMRUSDT | +0.0643% | 8h | 574.77 | +0.206% | $46.7M | $64.3M | 75x | as long as short |
| Pacifica XMR | +0.0682% | 1h | 575.22 | +0.285% | $266K | $1.0M | 10x | as long as short |
| Backpack XMR_USDC_PERPshort | +0.0689% | 1h | 574.15 | +0.098% | $169K | $532K | 20x | |
| Extended XMR-USD | +0.0696% | 1h | 574.55 | +0.167% | $3.1M | $8.3M | 25x | as long as short |
| Aster XMRUSDT | +0.0723% | 8h | 574.82 | +0.214% | $642K | $2.3M | 75x | as long as short |
| Polymarket Perps XMR-USD | +0.0729% | 1h | 574.29 | +0.123% | $28K | $2.2M | 5x | as long as short |
| dYdX XMR-USD | +0.0869% | 1h | 574.30 | +0.123% | $104K | $44K | 5x | as long as short |
| BloFin XMR-USDT | +0.0942% | 8h | 575.37 | +0.311% | $2.7M | $11.2M | 75x | as long as short |
| GRVT XMR_USDT_Perp | +0.0986% | 8h | 576.48 | +0.504% | $341K | $739K | 10x | as long as short |
| GMX XMR/USD [WBTC.b-USDC] | L +0.0990% / S −0.1256% | 1h | 573.44 | −0.026% | $591K | — | 100x | as long as short |
| Nado XMR-PERP | +0.1114% | 1h | 574.70 | +0.193% | $1.3M | $458K | 10x | as long as short |
| Variational Omni XMR | +0.1143% | 8h | 573.01 | −0.100% | $6.3M | $2.3M | — | as long as short |
| Orderly PERP_XMR_USDC | +0.1148% | 8h | 574.47 | +0.154% | $40K | $735K | 10x | as long as short |
| Hyperliquid XMR | +0.1220% | 1h | 574.58 | +0.173% | $86.6M | $71.2M | 5x | as long as short |
| SoDEX XMR-USD | +0.1392% | 1h | 574.66 | +0.187% | $437K | $3K | 5x | as long as short |
| Aftermath Perps XMRUSD | +0.1887% | 1h | 574.20 | +0.107% | $2K | $43K | 10x | as long as short |
Gate XMR_USDT
MEXC 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