Funding you earn now, next payment 09:00 UTC−0.0876%/8h= −96.0% APRpaid last 24h −0.114%
Price spread now: MEXC against Backpack+0.077%7-day average +0.089% · you sell dearer than you buy
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$440.439% of the position
Funding, last 7 days−0.948%−$95 on $10k
+Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.077%, 7d avg +0.089%
=The price spread sits at its 7-day average of +0.089%, so right now this pair is about funding alone: −$26 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XMR_USDC_PERP | 571.94 | 0.1355 | pay 0.0169% / 1h | 32m 48s | $136K | $420K | 20x |
| Short | MEXC XMR_USDT | 572.38 | 0.0479 | get 0.0479% / 8h | 7h 32m | $20.0M | $9.7M | 100x |
Backpack XMR_USDC_PERP
MEXC XMR_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$184.03
- Price spread: +0.077% → +0.089%
- −$1.16
- Slippage, 4 orders
- −$29.89
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$229.08
- Costs to cover
- 0.439%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 66 min ago; MEXC: live order book, 1 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, 66 min ago | 0.43 bp | 5.7 bp −$6 | 29.4 bp −$294 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.17 bp | 11.4 bp −$11 | 32.9 bp −$329 | 70.9 bp −$7,094 | 217.5 bp −$108.8K |
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 −0.0005% | 1h | 571.35 | −0.104% | $34K | — | 150x | as long as short |
| Injective XMR/USDC PERP | +0.0033% | 1h | 582.55 | +1.855% | $3K | $3K | 12x | as long as short |
| Bybit XMRUSDT | +0.0100% | 8h | 571.61 | −0.058% | $46.2M | $48.7M | 75x | as long as short |
| edgeX XMRUSDC | +0.0100% | 4h | 573.38 | +0.252% | $1.0M | $538K | 10x | as long as short |
| Polymarket Perps XMR-USD | +0.0100% | 1h | 571.49 | −0.079% | $30K | $1.6M | 5x | as long as short |
| SunX XMR-USDT | +0.0100% | 8h | 571.51 | −0.075% | $2K | $1.2M | 20x | as long as short |
| HTX XMR-USDT | +0.0100% | 8h | 572.81 | +0.152% | $1.1M | $1.1M | 20x | as long as short |
| Aevo XMR-PERP | +0.0200% | 1h | 573.07 | +0.197% | $12K | — | 3x | as long as short |
| Gate XMR_USDT | +0.0216% | 8h | 572.11 | +0.030% | $1.6M | $2.6M | 50x | as long as short |
| Lighter XMR | +0.0328% | 1h | 571.95 | +0.001% | $3.0M | $5.5M | 10x | as long as short |
gTrade (Gains Network) XMR/USD
Injective XMR/USDC PERP
Bybit XMRUSDT
edgeX XMRUSDC
Polymarket Perps XMR-USD
SunX XMR-USDT
HTX XMR-USDT
Aevo XMR-PERP
Gate XMR_USDT
Lighter XMRShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XMRUSDTM | +0.0362% | 8h | 571.95 | +0.002% | $45.2M | $17.4M | 50x | as long as short |
| Kraken Futures PF_XMRUSD | +0.0372% | 1h | 571.31 | −0.111% | $5.4M | $8.7M | 50x | as long as short |
| Extended XMR-USD | +0.0408% | 1h | 572.17 | +0.040% | $3.0M | $7.4M | 25x | as long as short |
| Binance XMRUSDT | +0.0475% | 8h | 572.25 | +0.054% | $52.2M | $102.6M | 75x | as long as short |
| MEXC XMR_USDTshort | +0.0479% | 8h | 572.38 | +0.077% | $20.0M | $9.7M | 100x | |
| Hyperliquid XMR | +0.0507% | 1h | 572.10 | +0.028% | $86.8M | $58.1M | 5x | as long as short |
| BingX XMR-USDT | +0.0516% | 8h | 572.48 | +0.094% | — | $5.2M | — | as long as short |
| Pacifica XMR | +0.0550% | 1h | 572.46 | +0.090% | $269K | $751K | 10x | as long as short |
| Bitget XMRUSDT | +0.0551% | 8h | 572.73 | +0.138% | $9.5M | $10.0M | 50x | as long as short |
| Aster XMRUSDT | +0.0596% | 8h | 572.08 | +0.025% | $651K | $1.6M | 75x | as long as short |
| GRVT XMR_USDT_Perp | +0.0607% | 8h | 573.33 | +0.243% | $334K | $631K | 10x | as long as short |
| Paradex XMR-USD-PERP | +0.0634% | 8h | 573.01 | +0.188% | $8K | $2K | 20x | as long as short |
| BloFin XMR-USDT | +0.0776% | 8h | 572.26 | +0.056% | $2.7M | $9.8M | 75x | as long as short |
| Variational Omni XMR | +0.0792% | 8h | 572.71 | +0.134% | $6.2M | $2.3M | — | as long as short |
| SoDEX XMR-USD | +0.0868% | 1h | 572.22 | +0.049% | $435K | $4K | 5x | as long as short |
| Nado XMR-PERP | +0.0997% | 1h | 572.46 | +0.091% | $1.2M | $311K | 10x | as long as short |
| GMX XMR/USD [WBTC.b-USDC] | L +0.1032% / S −0.1284% | 1h | 571.29 | −0.114% | $595K | — | 100x | as long as short |
| Orderly PERP_XMR_USDC | +0.1091% | 8h | 572.15 | +0.037% | $40K | $417K | 10x | as long as short |
| Backpack XMR_USDC_PERPlong | +0.1355% | 1h | 571.94 | long leg | $136K | $420K | 20x | |
| dYdX XMR-USD | +0.1589% | 1h | 571.39 | −0.096% | $103K | $28K | 5x | as long as short |
| Aftermath Perps XMRUSD | +0.2006% | 1h | 572.27 | +0.058% | $1K | $38K | 10x | as long as short |
KuCoin XMRUSDTM
Kraken Futures PF_XMRUSD
Extended XMR-USD
Binance XMRUSDT
Hyperliquid XMR
BingX XMR-USDT
Pacifica XMR
Bitget XMRUSDT
Aster XMRUSDT
GRVT XMR_USDT_Perp
Paradex XMR-USD-PERP
BloFin XMR-USDT
Variational Omni XMR
SoDEX XMR-USD
Nado XMR-PERP
GMX XMR/USD [WBTC.b-USDC]
Orderly PERP_XMR_USDC
dYdX XMR-USD
Aftermath Perps XMRUSD