XMR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0198%/8h= +21.7% APRnext payment +$0.25 per $10,000 · paid last 24h −0.080%

Price spread now: Polymarket Perps against Backpack+0.047%7-day average +0.111% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$310.305% of the position

Long on Backpack Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.596%−$60 on $10k

Price spread, last 4 days (all we have)+1.436%+$144 · spread now +0.047%, 7d avg +0.111%

Together, before fees+0.840%+$84 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.064% cheaper against Backpack than usual: you would sell low and buy high (spread +0.047% now, against its 7-day average of +0.111%). If the spread goes back, that is −$6 on $10k: about 26 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.596%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack XMR_USDC_PERP	572.81	0.0559	pay 0.0070% / 1h	28m 42s	$169K	$533K	20x
Short	Polymarket Perps XMR-USD	573.08	0.0757	get 0.0095% / 1h	28m 42s	$25K	$2.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.047%Rate

Funding earned: $41.54
Price spread: +0.047% → +0.111%: −$6.37
Slippage, 4 orders: −$12.52
Fee Backpack: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $4.65
Costs to cover: 0.305%
Break-even: 6.2 days

Slippage from Backpack: live order book, 25 min ago; Polymarket Perps: live order book, 5 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, 25 min ago	0.87 bp	10.1 bp −$10	31.0 bp −$310	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 5 min ago	2.53 bp	7.7 bp −$8	7.8 bp −$78	doesn't fit	doesn't fit

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	572.31	−0.087%	$37K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.700%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	574.33	+0.266%	$1.0M	$645K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	572.89	+0.014%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	572.00	−0.141%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0216%	1h	573.36	+0.095%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSD	+0.0226%	1h	572.13	−0.119%	$5.4M	$19.5M	50x	as long as short
KuCoin XMRUSDTM	+0.0334%	8h	572.75	−0.010%	$45.0M	$26.4M	50x	as long as short
Paradex XMR-USD-PERP	+0.0368%	8h	573.68	+0.153%	$8K	$4K	20x	as long as short
Gate XMR_USDT	+0.0493%	8h	572.90	+0.016%	$1.6M	$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	+0.0523%	8h	573.40	+0.103%	$9.4M	$13.5M	50x	as long as short
MEXC XMR_USDT	+0.0552%	8h	573.63	+0.143%	$19.8M	$14.7M	100x	as long as short
Binance XMRUSDT	+0.0553%	8h	573.64	+0.145%	$52.4M	$163.6M	75x	as long as short
Backpack XMR_USDC_PERPlong	+0.0559%	1h	572.81	long leg	$169K	$533K	20x
BingX XMR-USDT	+0.0560%	8h	573.65	+0.147%	—	$5.6M	—	as long as short
Lighter XMR	+0.0560%	1h	573.42	+0.107%	$3.1M	$7.5M	10x	as long as short
Bybit XMRUSDT	+0.0613%	8h	573.69	+0.154%	$46.7M	$64.4M	75x	as long as short
Extended XMR-USD	+0.0656%	1h	573.44	+0.109%	$3.1M	$8.3M	25x	as long as short
Pacifica XMR	+0.0682%	1h	573.58	+0.134%	$266K	$1.0M	10x	as long as short
Aster XMRUSDT	+0.0701%	8h	572.70	−0.019%	$634K	$2.3M	75x	as long as short
Polymarket Perps XMR-USDshort	+0.0757%	1h	573.08	+0.047%	$25K	$2.2M	5x
BloFin XMR-USDT	+0.0904%	8h	573.45	+0.112%	$2.7M	$11.2M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0949%	8h	573.69	+0.153%	$337K	$726K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0989% / S −0.1256%	1h	572.02	−0.139%	$589K	—	100x	as long as short
Nado XMR-PERP	+0.1087%	1h	573.53	+0.126%	$1.3M	$458K	10x	as long as short
Variational Omni XMR	+0.1120%	8h	574.77	+0.343%	$6.4M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1126%	8h	573.12	+0.054%	$40K	$735K	10x	as long as short
dYdX XMR-USD	+0.1131%	1h	572.17	−0.112%	$104K	$44K	5x	as long as short
Hyperliquid XMR	+0.1242%	1h	573.35	+0.094%	$86.4M	$71.3M	5x	as long as short
SoDEX XMR-USD	+0.1397%	1h	573.32	+0.089%	$436K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.1945%	1h	573.31	+0.087%	$1K	$43K	10x	as long as short