XMR

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0101%/8h= +11.0% APRnext payment +$0.13 per $10,000 · paid last 24h +0.145%

Price spread now: Backpack against Polymarket Perps−0.070%7-day average −0.108% · you buy dearer than you sell

Net, funding: paid 7d − costs+$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$280.278% of the position

Long on Polymarket Perps Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.607%+$61 on $10k

Price spread, last 4 days (all we have)−2.792%−$279 · spread now −0.070%, 7d avg −0.108%

Together, before fees−2.185%−$219 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Backpack is 0.038% dearer against Polymarket Perps than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps XMR-USD	598.81	0.0280	pay 0.0035% / 1h	14m 06s	$24K	$1.8M	5x
Short	Backpack XMR_USDC_PERP	598.39	0.0380	get 0.0048% / 1h	14m 06s	$204K	$575K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Polymarket Perps. 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 Polymarket PerpsbpFee BackpackbpOrdersPrice spread, now −0.070%Rate

Funding earned: $21.11
Price spread: −0.070% → −0.108%: $3.82
Slippage, 4 orders: −$9.84
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$2.91
Costs to cover: 0.278%
Break-even: 8.0 days

Slippage from Polymarket Perps: live order book, 5 min ago; Backpack: live order book, 10 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 Polymarket Perps live order book, 5 min ago	2.92 bp	7.1 bp −$7	7.3 bp −$73	doesn't fit	doesn't fit
Sell Backpack live order book, 10 min ago	1.68 bp	7.0 bp −$7	26.9 bp −$269	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 −0.0009%	1h	597.79	−0.171%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	591.89	−1.156%	$3K	$6K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	598.87	+0.010%	$48.1M	$61.0M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	597.88	−0.155%	$1.1M	$674K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	597.87	−0.157%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0168%	1h	598.31	−0.083%	$12K	—	3x	as long as short
Variational Omni XMR	+0.0264%	8h	596.53	−0.381%	$6.9M	$2.8M	—	as long as short
Polymarket Perps XMR-USDlong	+0.0280%	1h	598.81	long leg	$24K	$1.8M	5x
Lighter XMR	+0.0304%	1h	598.76	−0.009%	$3.5M	$6.7M	10x	as long as short
Binance XMRUSDT	+0.0347%	8h	599.06	+0.042%	$54.9M	$162.4M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XMR_USDT	+0.0348%	8h	599.00	+0.032%	$22.8M	$15.3M	100x	as long as short
BingX XMR-USDT	+0.0365%	8h	598.90	+0.015%	—	$5.8M	—	as long as short
Backpack XMR_USDC_PERPshort	+0.0380%	1h	598.39	−0.070%	$204K	$575K	20x
Bitget XMRUSDT	+0.0381%	8h	599.23	+0.070%	$10.0M	$14.2M	50x	as long as short
Gate XMR_USDT	+0.0418%	8h	597.97	−0.140%	$1.6M	$4.5M	50x	as long as short
SoDEX XMR-USD	+0.0421%	1h	598.60	−0.035%	$455K	$3K	5x	as long as short
BloFin XMR-USDT	+0.0495%	8h	597.96	−0.142%	$2.8M	$11.4M	75x	as long as short
Aster XMRUSDT	+0.0536%	8h	598.08	−0.122%	$678K	$2.3M	75x	as long as short
KuCoin XMRUSDTM	+0.0589%	8h	598.16	−0.109%	$49.5M	$25.5M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0606%	8h	596.99	−0.304%	$347K	$782K	10x	as long as short
Kraken Futures PF_XMRUSD	+0.0608%	1h	598.02	−0.132%	$5.7M	$20.4M	50x	as long as short
Pacifica XMR	+0.0619%	1h	598.71	−0.017%	$273K	$1.0M	10x	as long as short
dYdX XMR-USD	+0.0751%	1h	596.75	−0.344%	$108K	$50K	5x	as long as short
Paradex XMR-USD-PERP	+0.0776%	8h	597.62	−0.199%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0843% / S −0.1411%	1h	597.70	−0.185%	$355K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0901%	8h	598.35	−0.077%	$49K	$718K	10x	as long as short
Nado XMR-PERP	+0.0992%	1h	598.39	−0.070%	$1.3M	$479K	10x	as long as short
Extended XMR-USD	+0.1304%	1h	598.85	+0.006%	$3.2M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1592%	1h	599.68	+0.145%	$88.0M	$66.5M	5x	as long as short
HTX XMR-USDT	+0.2262%	8h	596.92	−0.316%	$1.1M	$1.4M	20x	as long as short
Aftermath Perps XMRUSD	+0.2313%	1h	597.54	−0.212%	$2K	$47K	10x	as long as short