Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0688%/8h= +75.4% APRpaid last 24h +0.071%

Price spread now: Backpack against Gate+0.038%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs+$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$560.556% of the position

Long on Gate Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.695%+$69 on $10k

Price spread, last 4 days (all we have)+0.086%+$9 · spread now +0.038%, 7d avg +0.024%

Together, before fees+0.781%+$78 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.024%, so right now this pair is about funding alone: +$21 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XMR_USDT	574.21	0.0674	pay 0.0674% / 8h	2h 01m	$1.5M	$4.3M	50x
Short	Backpack XMR_USDC_PERP	574.43	0.1362	get 0.0170% / 1h	1m 01s	$174K	$533K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Gate. 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 GatebpFee BackpackbpOrdersPrice spread, now +0.038%Rate

Funding earned: $144.55
Price spread: +0.038% → +0.024%: $1.39
Slippage, 4 orders: −$30.64
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Backpack: 5 bp × 2 orders: −$10
Net: $90.3
Costs to cover: 0.556%
Break-even: 2.6 days

Slippage from Gate: live order book, 2 min ago; Backpack: live order book, 48 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 Gate live order book, 2 min ago	3.48 bp	20.0 bp −$20	55.6 bp −$556	doesn't fit	doesn't fit
Sell Backpack live order book, 48 min ago	1.66 bp	6.8 bp −$7	28.7 bp −$287	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 −0.0003%	1h	573.77	−0.077%	$38K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.452%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	575.49	+0.222%	$1.0M	$642K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	574.24	+0.005%	$2K	$1.8M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	574.00	−0.037%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0240%	1h	575.21	+0.173%	$12K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0333%	8h	574.51	+0.052%	$45.3M	$26.2M	50x	as long as short
dYdX XMR-USD	+0.0422%	1h	574.44	+0.039%	$104K	$43K	5x	as long as short
Bitget XMRUSDT	+0.0592%	8h	574.59	+0.066%	$9.5M	$12.8M	50x	as long as short
MEXC XMR_USDT	+0.0641%	8h	574.85	+0.111%	$20.1M	$14.7M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XMRUSDT	+0.0642%	8h	574.57	+0.063%	$52.4M	$157.4M	75x	as long as short
Extended XMR-USD	+0.0664%	1h	574.57	+0.064%	$3.0M	$8.3M	25x	as long as short
BingX XMR-USDT	+0.0666%	8h	574.72	+0.089%	—	$5.5M	—	as long as short
Gate XMR_USDTlong	+0.0674%	8h	574.21	long leg	$1.5M	$4.3M	50x
Polymarket Perps XMR-USD	+0.0680%	1h	574.48	+0.047%	$23K	$2.1M	5x	as long as short
Bybit XMRUSDT	+0.0697%	8h	574.64	+0.075%	$46.7M	$63.5M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0746%	1h	573.76	−0.079%	$5.4M	$18.6M	50x	as long as short
Lighter XMR	+0.0752%	1h	574.61	+0.069%	$3.1M	$7.7M	10x	as long as short
Aster XMRUSDT	+0.0799%	8h	574.81	+0.104%	$638K	$2.2M	75x	as long as short
Paradex XMR-USD-PERP	+0.0891%	8h	575.56	+0.236%	$8K	$3K	20x	as long as short
Pacifica XMR	+0.0912%	1h	575.87	+0.289%	$267K	$1.0M	10x	as long as short
GRVT XMR_USDT_Perp	+0.1025%	8h	575.37	+0.202%	$335K	$729K	10x	as long as short
Hyperliquid XMR	+0.1030%	1h	574.60	+0.068%	$86.9M	$69.2M	5x	as long as short
BloFin XMR-USDT	+0.1059%	8h	575.00	+0.138%	$2.7M	$11.1M	75x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1128% / S −0.1543%	1h	573.46	−0.130%	$594K	—	100x	as long as short
Variational Omni XMR	+0.1170%	8h	576.89	+0.467%	$6.2M	$2.4M	—	as long as short
Orderly PERP_XMR_USDC	+0.1201%	8h	574.78	+0.099%	$40K	$637K	10x	as long as short
Nado XMR-PERP	+0.1206%	1h	575.13	+0.161%	$1.3M	$448K	10x	as long as short
SoDEX XMR-USD	+0.1275%	1h	574.67	+0.080%	$437K	$3K	5x	as long as short
Backpack XMR_USDC_PERPshort	+0.1362%	1h	574.43	+0.038%	$174K	$533K	20x
Aftermath Perps XMRUSD	+0.1990%	1h	575.23	+0.178%	$1K	$42K	10x	as long as short