Funding you earn now, next payment 09:00 UTC+0.0562%/8h= +61.5% APRpaid last 24h +0.089%
Price spread now: Backpack against BingX−0.080%7-day average −0.094% · you buy dearer than you sell
Net, funding: paid 7d − costs+$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$390.389% of the position
Funding, last 7 days+0.920%+$92 on $10k
+Price spread, last 4 days (all we have)+0.106%+$11 · spread now −0.080%, 7d avg −0.094%
=The price spread sits at its 7-day average of −0.094%, so right now this pair is about funding alone: +$17 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX XMR-USDT | 573.78 | 0.0560 | pay 0.0560% / 8h | 7h 53m | — | $5.2M | — |
| Short | Backpack XMR_USDC_PERP | 573.32 | 0.1122 | get 0.0140% / 1h | 53m 09s | $136K | $431K | 20x |
BingX XMR-USDT
Backpack XMR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against BingX. 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
- $117.94
- Price spread: −0.080% → −0.094%
- $1.35
- Slippage, 4 orders
- −$18.86
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $80.44
- Costs to cover
- 0.389%
- Break-even
- 2.2 days
Slippage from BingX: live order book, 12 min ago; Backpack: live order book, 46 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 BingX live order book, 12 min ago | 0.61 bp | 12.9 bp −$13 | 23.7 bp −$237 | 127.4 bp −$12.7K | doesn't fit |
| Sell Backpack live order book, 46 min ago | 0.43 bp | 6.9 bp −$7 | 25.6 bp −$256 | 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 −0.0005% | 1h | 572.57 | −0.211% | $34K | — | 150x | as long as short |
| Injective XMR/USDC PERP | +0.0033% | 1h | 582.55 | +1.528% | $3K | $3K | 12x | as long as short |
| Gate XMR_USDT | +0.0100% | 8h | 573.41 | −0.064% | $1.6M | $2.6M | 50x | as long as short |
| edgeX XMRUSDC | +0.0100% | 4h | 573.27 | −0.090% | $1.0M | $542K | 10x | as long as short |
| Polymarket Perps XMR-USD | +0.0100% | 1h | 572.60 | −0.206% | $30K | $1.7M | 5x | as long as short |
| SunX XMR-USDT | +0.0100% | 8h | 573.23 | −0.096% | $2K | $1.2M | 20x | as long as short |
| HTX XMR-USDT | +0.0100% | 8h | 571.21 | −0.448% | $1.1M | $1.1M | 20x | as long as short |
| Bybit XMRUSDT | +0.0101% | 8h | 573.24 | −0.094% | $46.4M | $49.5M | 75x | as long as short |
| Aevo XMR-PERP | +0.0200% | 1h | 573.71 | −0.013% | $12K | — | 3x | as long as short |
| Extended XMR-USD | +0.0240% | 1h | 573.53 | −0.044% | $3.0M | $7.7M | 25x | as long as short |
gTrade (Gains Network) XMR/USD
Injective XMR/USDC PERP
Gate XMR_USDT
edgeX XMRUSDC
Polymarket Perps XMR-USD
SunX XMR-USDT
HTX XMR-USDT
Bybit XMRUSDT
Aevo XMR-PERP
Extended XMR-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XMRUSDTM | +0.0340% | 8h | 573.08 | −0.122% | $45.3M | $17.8M | 50x | as long as short |
| Kraken Futures PF_XMRUSD | +0.0371% | 1h | 572.42 | −0.236% | $5.4M | $9.1M | 50x | as long as short |
| Binance XMRUSDT | +0.0494% | 8h | 573.45 | −0.058% | $52.3M | $105.9M | 75x | as long as short |
| MEXC XMR_USDT | +0.0497% | 8h | 573.52 | −0.045% | $20.2M | $9.6M | 100x | as long as short |
| Bitget XMRUSDT | +0.0532% | 8h | 573.66 | −0.021% | $9.4M | $10.1M | 50x | as long as short |
| Pacifica XMR | +0.0550% | 1h | 573.53 | −0.043% | $268K | $757K | 10x | as long as short |
| BingX XMR-USDTlong | +0.0560% | 8h | 573.78 | long leg | — | $5.2M | — | |
| Aster XMRUSDT | +0.0625% | 8h | 573.30 | −0.084% | $641K | $1.6M | 75x | as long as short |
| Hyperliquid XMR | +0.0631% | 1h | 573.63 | −0.025% | $87.0M | $58.7M | 5x | as long as short |
| Lighter XMR | +0.0656% | 1h | 573.22 | −0.097% | $3.1M | $5.5M | 10x | as long as short |
| Paradex XMR-USD-PERP | +0.0682% | 8h | 573.39 | −0.069% | $8K | $2K | 20x | as long as short |
| GRVT XMR_USDT_Perp | +0.0686% | 8h | 574.22 | +0.076% | $343K | $623K | 10x | as long as short |
| BloFin XMR-USDT | +0.0800% | 8h | 573.34 | −0.077% | $2.7M | $9.9M | 75x | as long as short |
| Variational Omni XMR | +0.0826% | 8h | 574.08 | +0.052% | $6.2M | $2.3M | — | as long as short |
| SoDEX XMR-USD | +0.0846% | 1h | 573.36 | −0.073% | $436K | $4K | 5x | as long as short |
| Nado XMR-PERP | +0.0923% | 1h | 573.41 | −0.064% | $1.2M | $318K | 10x | as long as short |
| GMX XMR/USD [WBTC.b-USDC] | L +0.1077% / S −0.1372% | 1h | 572.67 | −0.193% | $596K | — | 100x | as long as short |
| Orderly PERP_XMR_USDC | +0.1113% | 8h | 573.62 | −0.028% | $40K | $434K | 10x | as long as short |
| Backpack XMR_USDC_PERPshort | +0.1122% | 1h | 573.32 | −0.080% | $136K | $431K | 20x | |
| dYdX XMR-USD | +0.1260% | 1h | 572.58 | −0.209% | $104K | $29K | 5x | as long as short |
| Aftermath Perps XMRUSD | +0.2107% | 1h | 573.01 | −0.135% | $1K | $39K | 10x | as long as short |
KuCoin XMRUSDTM
Kraken Futures PF_XMRUSD
Binance XMRUSDT
MEXC XMR_USDT
Bitget XMRUSDT
Pacifica XMR
Aster XMRUSDT
Hyperliquid XMR
Lighter XMR
Paradex XMR-USD-PERP
GRVT XMR_USDT_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