Funding you earn now, next payment 07:00 UTC+0.0537%/8h= +58.9% APRnext payment +$0.67 per $10,000 · paid last 24h −0.125%
Price spread now: Backpack against dYdX+0.180%7-day average +0.128% · you sell dearer than you buy
Net, funding: paid 7d − costs−$329as in the Funding arb table
Net, price: spread back to 7d avg − costs−$343as in the Price arb table
costs, in and out, $10k−$3483.480% of the position
Funding, last 7 days+0.185%+$19 on $10k
+Price spread, last 4 days (all we have)+0.185%+$18 · spread now +0.180%, 7d avg +0.128%
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Backpack is 0.051% dearer against dYdX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.128%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.185% in total (about 9.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.67 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX XMR-USD | 575.57 | 0.0435 | pay 0.0054% / 1h | 4m 29s | $104K | $42K | 5x |
| Short | Backpack XMR_USDC_PERP | 576.60 | 0.0973 | get 0.0122% / 1h | 4m 29s | $175K | $479K | 20x |
dYdX XMR-USD
Backpack XMR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against dYdX. 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
- $112.87
- Price spread: +0.180% → +0.128%
- $5.14
- Slippage, 4 orders
- −$327.99
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$229.98
- Costs to cover
- 3.480%
- Break-even
- 21.3 days
Slippage from dYdX: live order book, 39 min ago; Backpack: live order book, 39 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 dYdX live order book, 39 min ago | 80.38 bp | 87.2 bp −$87 | 87.4 bp −$874 | 92.6 bp −$9,256 | 373.4 bp −$186.7K |
| Sell Backpack live order book, 39 min ago | 1.22 bp | 6.4 bp −$6 | 28.1 bp −$281 | 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 −0.0004% | 1h | 575.69 | +0.022% | $32K | — | 150x | as long as short |
| Injective XMR/USDC PERP | +0.0033% | 1h | 582.55 | +1.213% | $3K | $3K | 12x | as long as short |
| edgeX XMRUSDC | +0.0100% | 4h | 578.14 | +0.447% | $1.0M | $561K | 10x | as long as short |
| SunX XMR-USDT | +0.0100% | 8h | 576.34 | +0.134% | $2K | $1.4M | 20x | as long as short |
| HTX XMR-USDT | +0.0100% | 8h | 577.07 | +0.261% | $1.1M | $1.3M | 20x | as long as short |
| Extended XMR-USD | +0.0136% | 1h | 575.95 | +0.067% | $3.0M | $8.1M | 25x | as long as short |
| Lighter XMR | +0.0208% | 1h | 576.77 | +0.210% | $3.1M | $6.2M | 10x | as long as short |
| Aevo XMR-PERP | +0.0232% | 1h | 577.21 | +0.285% | $12K | — | 3x | as long as short |
| KuCoin XMRUSDTM | +0.0297% | 8h | 576.32 | +0.131% | $45.6M | $20.8M | 50x | as long as short |
| Polymarket Perps XMR-USD | +0.0397% | 1h | 576.11 | +0.094% | $26K | $1.8M | 5x | as long as short |
gTrade (Gains Network) XMR/USD
Injective XMR/USDC PERP
edgeX XMRUSDC
SunX XMR-USDT
HTX XMR-USDT
Extended XMR-USD
Lighter XMR
Aevo XMR-PERP
KuCoin XMRUSDTM
Polymarket Perps XMR-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX XMR-USDlong | +0.0435% | 1h | 575.57 | long leg | $104K | $42K | 5x | |
| Bybit XMRUSDT | +0.0569% | 8h | 576.01 | +0.077% | $46.8M | $55.4M | 75x | as long as short |
| Bitget XMRUSDT | +0.0579% | 8h | 576.49 | +0.160% | $9.6M | $11.1M | 50x | as long as short |
| BingX XMR-USDT | +0.0588% | 8h | 576.58 | +0.176% | — | $5.3M | — | as long as short |
| Binance XMRUSDT | +0.0603% | 8h | 576.04 | +0.082% | $52.4M | $122.0M | 75x | as long as short |
| MEXC XMR_USDT | +0.0608% | 8h | 576.37 | +0.140% | $20.2M | $14.5M | 100x | as long as short |
| Kraken Futures PF_XMRUSD | +0.0630% | 1h | 576.21 | +0.112% | $5.4M | $12.4M | 50x | as long as short |
| Gate XMR_USDT | +0.0643% | 8h | 576.36 | +0.138% | $1.6M | $3.3M | 50x | as long as short |
| Paradex XMR-USD-PERP | +0.0688% | 8h | 576.43 | +0.150% | $8K | $3K | 20x | as long as short |
| Hyperliquid XMR | +0.0718% | 1h | 576.24 | +0.116% | $87.3M | $63.0M | 5x | as long as short |
| Aster XMRUSDT | +0.0761% | 8h | 576.13 | +0.098% | $644K | $1.8M | 75x | as long as short |
| SoDEX XMR-USD | +0.0818% | 1h | 577.07 | +0.261% | $439K | $3K | 5x | as long as short |
| Nado XMR-PERP | +0.0851% | 1h | 576.38 | +0.142% | $1.3M | $420K | 10x | as long as short |
| GRVT XMR_USDT_Perp | +0.0968% | 8h | 577.91 | +0.407% | $335K | $652K | 10x | as long as short |
| BloFin XMR-USDT | +0.0971% | 8h | 577.23 | +0.289% | $2.7M | $10.6M | 75x | as long as short |
| Backpack XMR_USDC_PERPshort | +0.0973% | 1h | 576.60 | +0.180% | $175K | $479K | 20x | |
| Pacifica XMR | +0.1002% | 1h | 576.76 | +0.207% | $270K | $847K | 10x | as long as short |
| Variational Omni XMR | +0.1032% | 8h | 577.39 | +0.318% | $6.2M | $2.3M | — | as long as short |
| GMX XMR/USD [WBTC.b-USDC] | L +0.1170% / S −0.1566% | 1h | 575.49 | −0.013% | $597K | — | 100x | as long as short |
| Orderly PERP_XMR_USDC | +0.1177% | 8h | 576.85 | +0.223% | $41K | $532K | 10x | as long as short |
| Aftermath Perps XMRUSD | +0.1834% | 1h | 576.34 | +0.135% | $1K | $41K | 10x | as long as short |
Bybit XMRUSDT
Bitget XMRUSDT
BingX XMR-USDT
Binance XMRUSDT
MEXC XMR_USDT
Kraken Futures PF_XMRUSD
Gate XMR_USDT
Paradex XMR-USD-PERP
Hyperliquid XMR
Aster XMRUSDT
SoDEX XMR-USD
Nado XMR-PERP
GRVT XMR_USDT_Perp
BloFin XMR-USDT
Pacifica XMR
Variational Omni XMR
GMX XMR/USD [WBTC.b-USDC]
Orderly PERP_XMR_USDC
Aftermath Perps XMRUSD