XMR

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0413%/8h= +45.2% APRnext payment +$0.52 per $10,000 · paid last 24h +0.034%

Price spread now: dYdX against Backpack−0.131%7-day average −0.134% · you buy dearer than you sell

Net, funding: paid 7d − costs−$467as in the Funding arb table

Net, price: spread back to 7d avg − costs−$445as in the Price arb table

costs, in and out, $10k−$4454.451% of the position

Long on Backpack Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.220%−$22 on $10k

Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.131%, 7d avg −0.134%

Together, before fees−0.159%−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.134%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.220%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.220% in total (about -11.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.52 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	Backpack XMR_USDC_PERP	595.38	0.0467	pay 0.0058% / 1h	4m 14s	$202K	$574K	20x
Short	dYdX XMR-USD	594.60	0.0880	get 0.0110% / 1h	4m 14s	$108K	$50K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Backpack. 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 BackpackbpFee dYdXbpOrdersPrice spread, now −0.131%Rate

Funding earned: $86.77
Price spread: −0.131% → −0.134%: $0.31
Slippage, 4 orders: −$425.14
Fee Backpack: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$358.06
Costs to cover: 4.451%
Break-even: 35.9 days

Slippage from Backpack: live order book, 20 min ago; dYdX: live order book, 20 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 Backpack live order book, 20 min ago	1.68 bp	6.7 bp −$7	23.8 bp −$238	doesn't fit	doesn't fit
Sell dYdX live order book, 20 min ago	8.36 bp	212.0 bp −$212	267.5 bp −$2,675	406.4 bp −$40.6K	953.1 bp −$476.6K

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	593.78	−0.268%	$44K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	591.89	−0.586%	$3K	$6K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	594.34	−0.175%	$47.9M	$61.2M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	597.83	+0.412%	$1.1M	$672K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	594.11	−0.213%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0168%	1h	594.96	−0.071%	$12K	—	3x	as long as short
Variational Omni XMR	+0.0257%	8h	594.64	−0.124%	$6.9M	$2.7M	—	as long as short
Lighter XMR	+0.0288%	1h	594.45	−0.157%	$3.5M	$6.7M	10x	as long as short
Polymarket Perps XMR-USD	+0.0315%	1h	595.09	−0.049%	$24K	$1.8M	5x	as long as short
MEXC XMR_USDT	+0.0339%	8h	594.60	−0.131%	$22.6M	$15.3M	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	+0.0341%	8h	594.61	−0.129%	$54.5M	$162.5M	75x	as long as short
BingX XMR-USDT	+0.0358%	8h	594.82	−0.094%	—	$5.8M	—	as long as short
Bitget XMRUSDT	+0.0382%	8h	594.59	−0.133%	$9.9M	$14.2M	50x	as long as short
Gate XMR_USDT	+0.0427%	8h	594.09	−0.217%	$1.6M	$4.5M	50x	as long as short
Backpack XMR_USDC_PERPlong	+0.0467%	1h	595.38	long leg	$202K	$574K	20x
BloFin XMR-USDT	+0.0490%	8h	596.10	+0.121%	$2.8M	$11.4M	75x	as long as short
SoDEX XMR-USD	+0.0516%	1h	594.62	−0.128%	$452K	$3K	5x	as long as short
Aster XMRUSDT	+0.0531%	8h	594.76	−0.104%	$678K	$2.3M	75x	as long as short
KuCoin XMRUSDTM	+0.0575%	8h	594.05	−0.223%	$49.0M	$25.6M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0592%	8h	596.61	+0.207%	$347K	$782K	10x	as long as short
Kraken Futures PF_XMRUSD	+0.0613%	1h	593.58	−0.302%	$5.7M	$20.4M	50x	as long as short
Pacifica XMR	+0.0619%	1h	594.89	−0.082%	$271K	$1.0M	10x	as long as short
Paradex XMR-USD-PERP	+0.0814%	8h	594.83	−0.092%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0843% / S −0.1414%	1h	593.70	−0.283%	$354K	—	100x	as long as short
dYdX XMR-USDshort	+0.0880%	1h	594.60	−0.131%	$108K	$50K	5x
Orderly PERP_XMR_USDC	+0.0885%	8h	594.88	−0.084%	$48K	$718K	10x	as long as short
Nado XMR-PERP	+0.1051%	1h	594.66	−0.120%	$1.3M	$479K	10x	as long as short
Extended XMR-USD	+0.1424%	1h	594.51	−0.145%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1581%	1h	595.73	+0.059%	$87.4M	$66.6M	5x	as long as short
HTX XMR-USDT	+0.2235%	8h	594.04	−0.225%	$1.1M	$1.4M	20x	as long as short
Aftermath Perps XMRUSD	+0.2362%	1h	595.17	−0.035%	$2K	$47K	10x	as long as short