Funding you earn now, next payment 11:00 UTC−0.0912%/8h= −99.9% APRpaid last 24h −0.188%
Price spread now: edgeX against Backpack−0.207%7-day average +0.114% · you buy dearer than you sell
Net, funding: paid 7d − costs−$179as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$430.434% of the position
Funding, last 7 days−1.353%−$135 on $10k
+Price spread, last 4 days (all we have)+1.607%+$161 · spread now −0.207%, 7d avg +0.114%
=Together, before fees+0.254%+ Points / potential airdropedgeX: Active · farm board+$25 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and edgeX is 0.321% cheaper against Backpack than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of +0.114%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XMR_USDC_PERP | 569.79 | 0.1012 | pay 0.0127% / 1h | 28m 21s | $161K | $417K | 20x |
| Short | edgeX XMRUSDC | 568.61 | 0.0100 | get 0.0050% / 4h | 1h 28m | $1.1M | $491K | 10x |
Backpack XMR_USDC_PERP
edgeX XMRUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Backpack. 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
- −$191.55
- Price spread: −0.207% → +0.114%
- −$32.12
- Slippage, 4 orders
- −$24.39
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$267.05
- Costs to cover
- 0.434%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 18 min ago; edgeX: live order book, 4 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, 18 min ago | 0.88 bp | 7.8 bp −$8 | 26.4 bp −$264 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 4 min ago | 10.29 bp | 14.8 bp −$15 | 15.5 bp −$155 | doesn't fit | doesn't fit |
XMR on 31 exchanges
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 −0.0004% | 1h | 568.81 | −0.172% | $33K | — | 150x | as long as short |
| Injective XMR/USDC PERP | +0.0033% | 1h | 582.55 | +2.239% | $3K | $3K | 12x | as long as short |
| edgeX XMRUSDCshort | +0.0100% | 4h | 568.61 | −0.207% | $1.1M | $491K | 10x | |
| SunX XMR-USDT | +0.0100% | 8h | 569.07 | −0.126% | $2K | $841K | 20x | as long as short |
| HTX XMR-USDT | +0.0100% | 8h | 569.00 | −0.139% | $1.0M | $904K | 20x | as long as short |
| Aevo XMR-PERP | +0.0200% | 1h | 568.62 | −0.206% | $11K | — | 3x | as long as short |
| Lighter XMR | +0.0224% | 1h | 569.41 | −0.067% | $3.0M | $4.6M | 10x | as long as short |
| Extended XMR-USD | +0.0248% | 1h | 569.76 | −0.004% | $3.1M | $6.2M | 25x | as long as short |
| Polymarket Perps XMR-USD | +0.0413% | 1h | 569.69 | −0.018% | $28K | $1.5M | 5x | as long as short |
| MEXC XMR_USDT | +0.0467% | 8h | 569.78 | −0.002% | $19.4M | $7.3M | 100x | as long as short |
gTrade (Gains Network) XMR/USD
Injective XMR/USDC PERP
SunX XMR-USDT
HTX XMR-USDT
Aevo XMR-PERP
Lighter XMR
Extended XMR-USD
Polymarket Perps XMR-USD
MEXC XMR_USDTShow all 31 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance XMRUSDT | +0.0468% | 8h | 569.73 | −0.010% | $52.5M | $78.5M | 75x | as long as short |
| Aster XMRUSDT | +0.0485% | 8h | 569.46 | −0.058% | $658K | $1.2M | 75x | as long as short |
| Bybit XMRUSDT | +0.0578% | 8h | 569.78 | −0.002% | $46.4M | $40.6M | 75x | as long as short |
| Gate XMR_USDT | +0.0643% | 8h | 569.05 | −0.130% | $1.5M | $2.2M | 50x | as long as short |
| Kraken Futures PF_XMRUSD | +0.0656% | 1h | 568.84 | −0.166% | $5.4M | $6.1M | 50x | as long as short |
| KuCoin XMRUSDTM | +0.0692% | 8h | 569.90 | +0.019% | $46.3M | $14.8M | 50x | as long as short |
| GRVT XMR_USDT_Perp | +0.0714% | 8h | 568.75 | −0.182% | $331K | $687K | 10x | as long as short |
| Paradex XMR-USD-PERP | +0.0733% | 8h | 569.53 | −0.046% | $8K | $1K | 20x | as long as short |
| BingX XMR-USDT | +0.0734% | 8h | 569.83 | +0.007% | — | $4.4M | — | as long as short |
| Pacifica XMR | +0.0759% | 1h | 569.73 | −0.010% | $269K | $605K | 10x | as long as short |
| Bitget XMRUSDT | +0.0775% | 8h | 569.79 | 0.000% | $9.1M | $8.7M | 50x | as long as short |
| BloFin XMR-USDT | +0.0813% | 8h | 570.10 | +0.054% | $2.7M | $9.0M | 75x | as long as short |
| Nado XMR-PERP | +0.0814% | 1h | 569.57 | −0.039% | $1.2M | $160K | 10x | as long as short |
| Variational Omni XMR | +0.0847% | 8h | 568.57 | −0.214% | $6.1M | $2.1M | — | as long as short |
| SoDEX XMR-USD | +0.0865% | 1h | 569.93 | +0.025% | $433K | $4K | 5x | as long as short |
| Hyperliquid XMR | +0.0992% | 1h | 569.98 | +0.034% | $86.7M | $51.1M | 5x | as long as short |
| GMX XMR/USD [WBTC.b-USDC] | L +0.0995% / S −0.1241% | 1h | 569.04 | −0.131% | $610K | — | 100x | as long as short |
| Backpack XMR_USDC_PERPlong | +0.1012% | 1h | 569.79 | long leg | $161K | $417K | 20x | |
| Orderly PERP_XMR_USDC | +0.1048% | 8h | 569.76 | −0.005% | $41K | $265K | 10x | as long as short |
| Aftermath Perps XMRUSD | +0.1960% | 1h | 569.16 | −0.110% | $1K | $36K | 10x | as long as short |
| dYdX XMR-USD | +0.3456% | 1h | 568.58 | −0.212% | $103K | $24K | 5x | as long as short |
Binance XMRUSDT
Aster XMRUSDT
Bybit XMRUSDT
Gate XMR_USDT
Kraken Futures PF_XMRUSD
KuCoin XMRUSDTM
GRVT XMR_USDT_Perp
Paradex XMR-USD-PERP
BingX XMR-USDT
Pacifica XMR
Bitget XMRUSDT
BloFin XMR-USDT
Nado XMR-PERP
Variational Omni XMR
SoDEX XMR-USD
Hyperliquid XMR
GMX XMR/USD [WBTC.b-USDC]
Orderly PERP_XMR_USDC
Aftermath Perps XMRUSD
dYdX XMR-USD