XMR

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0377%/8h= −41.2% APRnext payment −$0.47 per $10,000 · paid last 24h +0.141%

Price spread now: Backpack against GMX+0.202%7-day average +0.101% · you sell dearer than you buy

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

Long on GMX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.284%+$28 on $10k

Price spread, last 3 days (all we have)−0.058%−$6 · spread now +0.202%, 7d avg +0.101%

Together, before fees+0.226%+$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Backpack is 0.101% dearer against GMX than usual: you sell high and buy low (spread +0.202% now, against its 7-day average of +0.101%): +$10 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 21 hours. Mind the row above: over the last 3 days funding on this pair paid +0.284%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XMR/USD [WBTC.b-USDC]	593.90	L +0.0842% / S −0.1414%	pay 0.0105% / 1h	6m 00s	$354K	—	100x
Short	Backpack XMR_USDC_PERP	595.10	0.0466	get 0.0058% / 1h	6m 00s	$202K	$574K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against GMX. 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 GMXbpFee BackpackbpOrdersPrice spread, now +0.202%Rate

Funding earned: −$79.11
Price spread: +0.202% → +0.101%: $10.11
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$91
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Backpack: live order book, 18 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Backpack live order book, 18 min ago	1.68 bp	7.0 bp −$7	26.9 bp −$269	doesn't fit	doesn't fit

GMX: 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 −0.0009%	1h	594.44	+0.090%	$44K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	591.89	−0.339%	$3K	$6K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	595.32	+0.239%	$47.9M	$61.2M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	597.83	+0.662%	$1.1M	$672K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	594.27	+0.062%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0168%	1h	595.82	+0.323%	$12K	—	3x	as long as short
Variational Omni XMR	+0.0261%	8h	598.61	+0.792%	$7.0M	$2.7M	—	as long as short
Lighter XMR	+0.0288%	1h	595.45	+0.261%	$3.5M	$6.7M	10x	as long as short
Polymarket Perps XMR-USD	+0.0298%	1h	595.03	+0.190%	$24K	$1.8M	5x	as long as short
MEXC XMR_USDT	+0.0338%	8h	595.60	+0.286%	$22.6M	$15.3M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XMRUSDT	+0.0338%	8h	595.80	+0.320%	$54.6M	$162.5M	75x	as long as short
BingX XMR-USDT	+0.0358%	8h	595.98	+0.350%	—	$5.8M	—	as long as short
Bitget XMRUSDT	+0.0380%	8h	594.43	+0.089%	$9.9M	$14.2M	50x	as long as short
Gate XMR_USDT	+0.0434%	8h	594.84	+0.158%	$1.6M	$4.5M	50x	as long as short
Backpack XMR_USDC_PERPshort	+0.0466%	1h	595.10	+0.202%	$202K	$574K	20x
SoDEX XMR-USD	+0.0482%	1h	595.17	+0.214%	$452K	$3K	5x	as long as short
BloFin XMR-USDT	+0.0485%	8h	595.00	+0.185%	$2.8M	$11.4M	75x	as long as short
Aster XMRUSDT	+0.0527%	8h	594.85	+0.160%	$679K	$2.3M	75x	as long as short
KuCoin XMRUSDTM	+0.0582%	8h	595.20	+0.219%	$49.0M	$25.6M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0592%	8h	596.61	+0.457%	$347K	$782K	10x	as long as short
Kraken Futures PF_XMRUSD	+0.0612%	1h	594.71	+0.136%	$5.7M	$20.4M	50x	as long as short
Pacifica XMR	+0.0619%	1h	594.66	+0.129%	$271K	$1.0M	10x	as long as short
Paradex XMR-USD-PERP	+0.0786%	8h	594.53	+0.106%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]long	L +0.0842% / S −0.1414%	1h	593.90	long leg	$354K	—	100x
dYdX XMR-USD	+0.0872%	1h	594.12	+0.037%	$108K	$50K	5x	as long as short
Orderly PERP_XMR_USDC	+0.0888%	8h	595.38	+0.249%	$48K	$718K	10x	as long as short
Nado XMR-PERP	+0.1050%	1h	594.82	+0.156%	$1.3M	$479K	10x	as long as short
Extended XMR-USD	+0.1400%	1h	595.48	+0.266%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1578%	1h	596.06	+0.364%	$87.5M	$66.6M	5x	as long as short
HTX XMR-USDT	+0.2250%	8h	594.00	+0.017%	$1.1M	$1.4M	20x	as long as short
Aftermath Perps XMRUSD	+0.2352%	1h	595.72	+0.307%	$2K	$47K	10x	as long as short