XMR

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0738%/8h= −80.8% APRnext payment −$0.92 per $10,000 · paid last 24h +0.152%

Price spread now: Backpack against GMX+0.132%7-day average +0.102% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.288%+$29 on $10k

Price spread, last 3 days (all we have)+0.009%+$1 · spread now +0.132%, 7d avg +0.102%

Together, before fees+0.297%+$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Backpack is 0.030% dearer against GMX than usual: you sell high and buy low (spread +0.132% now, against its 7-day average of +0.102%): +$3 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 3 hours. Mind the row above: over the last 3 days funding on this pair paid +0.288%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XMR/USD [WBTC.b-USDC]	589.46	L +0.0838% / S −0.1411%	pay 0.0105% / 1h	54m 23s	$351K	—	100x
Short	Backpack XMR_USDC_PERP	590.24	0.0100	get 0.0013% / 1h	54m 23s	$212K	$555K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against GMX. 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 GMXbpFee BackpackbpOrdersPrice spread, now +0.132%Rate

Funding earned: −$154.99
Price spread: +0.132% → +0.102%: $3.02
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$173.97
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Backpack: live order book, 34 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 GMX no order-book sample	—	—	—	—	—
Sell Backpack live order book, 34 min ago	1.87 bp	6.9 bp −$7	23.6 bp −$236	doesn't fit	doesn't fit

GMX: 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
dYdX XMR-USD	0.0000%	1h	589.74	+0.048%	$107K	$49K	5x	as long as short
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0009%	1h	589.63	+0.028%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	554.47	−5.936%	$3K	$5K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	589.83	+0.063%	$47.1M	$60.6M	75x	as long as short
Backpack XMR_USDC_PERPshort	+0.0100%	1h	590.24	+0.132%	$212K	$555K	20x
edgeX XMRUSDC	+0.0100%	4h	589.80	+0.058%	$1.0M	$671K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	589.15	−0.053%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0176%	1h	591.10	+0.279%	$12K	—	3x	as long as short
SoDEX XMR-USD	+0.0197%	1h	590.26	+0.136%	$449K	$4K	5x	as long as short
Polymarket Perps XMR-USD	+0.0234%	1h	590.04	+0.098%	$24K	$1.8M	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XMR	+0.0296%	1h	590.33	+0.148%	$3.5M	$6.6M	10x	as long as short
Gate XMR_USDT	+0.0324%	8h	589.71	+0.042%	$1.6M	$4.5M	50x	as long as short
Variational Omni XMR	+0.0332%	8h	590.44	+0.167%	$6.9M	$2.8M	—	as long as short
MEXC XMR_USDT	+0.0386%	8h	589.76	+0.051%	$22.7M	$15.1M	100x	as long as short
Binance XMRUSDT	+0.0386%	8h	590.20	+0.126%	$54.2M	$161.8M	75x	as long as short
BingX XMR-USDT	+0.0395%	8h	589.96	+0.085%	—	$5.8M	—	as long as short
Bitget XMRUSDT	+0.0410%	8h	590.22	+0.129%	$9.8M	$13.9M	50x	as long as short
BloFin XMR-USDT	+0.0542%	8h	591.16	+0.288%	$2.5M	$11.3M	75x	as long as short
Aster XMRUSDT	+0.0574%	8h	590.33	+0.147%	$668K	$2.4M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0617%	1h	589.31	−0.025%	$5.5M	$20.3M	50x	as long as short
KuCoin XMRUSDTM	+0.0618%	8h	589.76	+0.051%	$49.0M	$25.5M	50x	as long as short
Pacifica XMR	+0.0619%	1h	590.57	+0.188%	$268K	$1.1M	10x	as long as short
GRVT XMR_USDT_Perp	+0.0653%	8h	590.62	+0.197%	$346K	$798K	10x	as long as short
Nado XMR-PERP	+0.0734%	1h	589.92	+0.079%	$1.3M	$477K	10x	as long as short
Paradex XMR-USD-PERP	+0.0739%	8h	590.66	+0.204%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]long	L +0.0838% / S −0.1411%	1h	589.46	long leg	$351K	—	100x
Orderly PERP_XMR_USDC	+0.0877%	8h	590.34	+0.149%	$48K	$729K	10x	as long as short
Extended XMR-USD	+0.1120%	1h	590.13	+0.113%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1469%	1h	590.73	+0.216%	$85.5M	$64.8M	5x	as long as short
Aftermath Perps XMRUSD	+0.2235%	1h	590.39	+0.158%	$1K	$47K	10x	as long as short
HTX XMR-USDT	+0.2283%	8h	590.10	+0.109%	$1.1M	$1.4M	20x	as long as short