XMR

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.300%

Price spread now: Backpack against Injective+0.341%72s7-day average — · you sell dearer than you buy

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

Long on Injective Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 4 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 +$2 a day on $10k at the current rate, and Backpack is 0.341% dearer against Injective than usual: you sell high and buy low: +$34 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XMR/USDC PERP	591.89	0.0033	pay 0.0004% / 1h	40m 05s	$3K	$6K	12x
Short	Backpack XMR_USDC_PERP	593.91	0.0100	get 0.0013% / 1h	40m 05s	$202K	$563K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Injective. 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 InjectivebpFee BackpackbpOrdersPrice spread, now +0.341%Rate

Funding earned: $14
Price spread: +0.341% → 0.000%: $34.13
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Backpack: 5 bp × 2 orders: −$10
Net: $38.11
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Backpack: live order book, 48 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 Injective no order-book sample	—	—	—	—	—
Sell Backpack live order book, 48 min ago	1.87 bp	6.9 bp −$7	23.6 bp −$236	doesn't fit	doesn't fit

Injective: 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/USD	L +0.0010% / S −0.0009%	1h	593.36	+0.248%	$45K	—	150x	as long as short
Injective XMR/USDC PERPlong	+0.0033%	1h	591.89	long leg	$3K	$6K	12x
Bybit XMRUSDT	+0.0100%	8h	594.13	+0.378%	$47.5M	$60.7M	75x	as long as short
Backpack XMR_USDC_PERPshort	+0.0100%	1h	593.91	+0.341%	$202K	$563K	20x
edgeX XMRUSDC	+0.0100%	4h	591.02	−0.147%	$1.0M	$674K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	593.06	+0.198%	$2K	$1.9M	20x	as long as short
dYdX XMR-USD	+0.0142%	1h	592.66	+0.130%	$108K	$50K	5x	as long as short
Polymarket Perps XMR-USD	+0.0143%	1h	593.96	+0.350%	$24K	$1.8M	5x	as long as short
Lighter XMR	+0.0168%	1h	594.28	+0.404%	$3.5M	$6.7M	10x	as long as short
Aevo XMR-PERP	+0.0176%	1h	594.28	+0.403%	$12K	—	3x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX XMR-USD	+0.0176%	1h	594.31	+0.409%	$452K	$4K	5x	as long as short
Variational Omni XMR	+0.0300%	8h	593.60	+0.289%	$6.9M	$2.8M	—	as long as short
Gate XMR_USDT	+0.0349%	8h	593.86	+0.333%	$1.6M	$4.5M	50x	as long as short
MEXC XMR_USDT	+0.0369%	8h	594.65	+0.466%	$22.7M	$15.2M	100x	as long as short
Binance XMRUSDT	+0.0369%	8h	594.68	+0.471%	$54.5M	$161.7M	75x	as long as short
BingX XMR-USDT	+0.0376%	8h	594.31	+0.409%	—	$5.8M	—	as long as short
Bitget XMRUSDT	+0.0392%	8h	594.50	+0.441%	$9.9M	$14.0M	50x	as long as short
BloFin XMR-USDT	+0.0521%	8h	593.54	+0.279%	$2.8M	$11.3M	75x	as long as short
Aster XMRUSDT	+0.0554%	8h	593.90	+0.340%	$670K	$2.3M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0613%	1h	593.68	+0.302%	$5.6M	$20.3M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0617%	8h	590.89	−0.170%	$344K	$796K	10x	as long as short
Pacifica XMR	+0.0619%	1h	593.73	+0.311%	$269K	$1.0M	10x	as long as short
KuCoin XMRUSDTM	+0.0625%	8h	594.45	+0.433%	$49.4M	$25.4M	50x	as long as short
Paradex XMR-USD-PERP	+0.0733%	8h	593.73	+0.311%	$8K	$4K	20x	as long as short
Nado XMR-PERP	+0.0792%	1h	593.55	+0.280%	$1.3M	$477K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0841% / S −0.1411%	1h	593.03	+0.192%	$353K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0868%	8h	594.13	+0.378%	$48K	$729K	10x	as long as short
Extended XMR-USD	+0.1056%	1h	594.51	+0.442%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1522%	1h	595.27	+0.571%	$86.6M	$65.7M	5x	as long as short
Aftermath Perps XMRUSD	+0.2290%	1h	592.96	+0.182%	$2K	$47K	10x	as long as short
HTX XMR-USDT	+0.2395%	8h	591.05	−0.142%	$1.1M	$1.4M	20x	as long as short