Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0308%/8h= −33.8% APRpaid last 24h +0.007%

Price spread now: Paradex against Backpack+0.113%7-day average — · you sell dearer than you buy

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

Long on Backpack Short on Paradex

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.113% dearer against Backpack than usual: you sell high and buy low (spread +0.113% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack XMR_USDC_PERP	572.38	0.0574	pay 0.0072% / 1h	24m 38s	$169K	$532K	20x
Short	Paradex XMR-USD-PERP	573.03	0.0266	get 0.0266% / 8h	3h 24m	$8K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.113%Rate

Funding earned: −$64.76
Price spread: +0.113% → 0.000%: $11.35
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$67.42
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 29 min ago; Paradex: no order-book sample. 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 Backpack live order book, 29 min ago	0.87 bp	10.1 bp −$10	31.0 bp −$310	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 −0.0003%	1h	571.94	−0.077%	$37K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.777%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	573.10	+0.126%	$1.0M	$643K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	572.25	−0.023%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	572.87	+0.086%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0216%	1h	572.92	+0.094%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSD	+0.0226%	1h	571.86	−0.091%	$5.4M	$19.5M	50x	as long as short
Paradex XMR-USD-PERPshort	+0.0266%	8h	573.03	+0.113%	$8K	$4K	20x
KuCoin XMRUSDTM	+0.0322%	8h	572.14	−0.042%	$45.0M	$26.4M	50x	as long as short
Gate XMR_USDT	+0.0506%	8h	572.36	−0.003%	$1.5M	$4.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0521%	8h	573.08	+0.122%	$9.4M	$13.5M	50x	as long as short
MEXC XMR_USDT	+0.0552%	8h	573.03	+0.114%	$19.8M	$14.7M	100x	as long as short
Binance XMRUSDT	+0.0552%	8h	573.12	+0.129%	$52.3M	$163.5M	75x	as long as short
BingX XMR-USDT	+0.0560%	8h	573.18	+0.140%	—	$5.6M	—	as long as short
Backpack XMR_USDC_PERPlong	+0.0574%	1h	572.38	long leg	$169K	$532K	20x
Lighter XMR	+0.0576%	1h	572.84	+0.081%	$3.1M	$7.5M	10x	as long as short
Bybit XMRUSDT	+0.0622%	8h	572.89	+0.089%	$46.7M	$64.4M	75x	as long as short
Extended XMR-USD	+0.0656%	1h	572.77	+0.069%	$3.1M	$8.3M	25x	as long as short
Pacifica XMR	+0.0682%	1h	572.98	+0.105%	$265K	$1.0M	10x	as long as short
Aster XMRUSDT	+0.0701%	8h	572.42	+0.007%	$638K	$2.3M	75x	as long as short
Polymarket Perps XMR-USD	+0.0744%	1h	572.55	+0.030%	$25K	$2.2M	5x	as long as short
BloFin XMR-USDT	+0.0908%	8h	572.55	+0.030%	$2.7M	$11.1M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0952%	8h	573.58	+0.209%	$337K	$726K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0989% / S −0.1217%	1h	571.54	−0.147%	$595K	—	100x	as long as short
Nado XMR-PERP	+0.1072%	1h	572.93	+0.097%	$1.3M	$458K	10x	as long as short
dYdX XMR-USD	+0.1086%	1h	571.66	−0.127%	$104K	$44K	5x	as long as short
Orderly PERP_XMR_USDC	+0.1129%	8h	572.85	+0.082%	$40K	$735K	10x	as long as short
Variational Omni XMR	+0.1129%	8h	572.77	+0.068%	$6.3M	$2.3M	—	as long as short
Hyperliquid XMR	+0.1253%	1h	572.87	+0.086%	$86.3M	$71.2M	5x	as long as short
SoDEX XMR-USD	+0.1389%	1h	573.05	+0.117%	$436K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.1941%	1h	572.80	+0.073%	$1K	$43K	10x	as long as short