Funding you earn now, next payment 01:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h −0.065%
Price spread now: Paradex against Backpack+0.401%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Paradex is 0.401% dearer against Backpack than usual: you sell high and buy low (spread +0.401% now, against zero (this spread has no 7-day history yet)): +$40 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 16 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XMR_USDC_PERP | 590.94 | 0.1079 | pay 0.0135% / 1h | 55m 14s | $200K | $576K | 20x |
| Short | Paradex XMR-USD-PERP | 593.31 | 0.0994 | get 0.0994% / 8h | 7h 55m | $8K | $4K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Backpack. 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
- −$17.88
- Price spread: +0.401% → 0.000%
- $40.11
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- $8.23
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: Backpack: live order book, 19 min ago; Paradex: no order-book sample. 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 Backpack live order book, 19 min ago | 0.34 bp | 8.1 bp −$8 | 27.6 bp −$276 | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XMR-USD | 0.0000% | 1h | 591.90 | +0.162% | $107K | $50K | 5x | as long as short |
| gTrade (Gains Network) XMR/USD | L +0.0010% / S −0.0009% | 1h | 590.52 | −0.071% | $45K | — | 150x | as long as short |
| Injective XMR/USDC PERP | +0.0033% | 1h | 596.76 | +0.985% | $3K | $4K | 12x | as long as short |
| edgeX XMRUSDC | +0.0100% | 4h | 592.84 | +0.321% | $1.1M | $658K | 10x | as long as short |
| HTX XMR-USDT | +0.0100% | 8h | 592.95 | +0.340% | $1.1M | $1.5M | 20x | as long as short |
| Aevo XMR-PERP | +0.0176% | 1h | 592.84 | +0.321% | $12K | — | 3x | as long as short |
| SunX XMR-USDT | +0.0199% | 8h | 591.49 | +0.093% | $2K | $2.0M | 20x | as long as short |
| MEXC XMR_USDT | +0.0366% | 8h | 592.01 | +0.181% | $21.7M | $15.1M | 100x | as long as short |
| Binance XMRUSDT | +0.0372% | 8h | 591.89 | +0.161% | $54.2M | $166.4M | 75x | as long as short |
| Bitget XMRUSDT | +0.0486% | 8h | 591.84 | +0.152% | $9.7M | $14.6M | 50x | as long as short |
Show all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin XMR-USDT | +0.0534% | 8h | 592.15 | +0.205% | $2.7M | $11.7M | 75x | as long as short |
| Aster XMRUSDT | +0.0610% | 8h | 591.54 | +0.101% | $639K | $2.5M | 75x | as long as short |
| KuCoin XMRUSDTM | +0.0613% | 8h | 591.24 | +0.051% | $48.3M | $26.2M | 50x | as long as short |
| Kraken Futures PF_XMRUSD | +0.0644% | 1h | 590.74 | −0.034% | $5.6M | $20.6M | 50x | as long as short |
| Pacifica XMR | +0.0659% | 1h | 593.25 | +0.391% | $276K | $1.1M | 10x | as long as short |
| Variational Omni XMR | +0.0673% | 8h | 592.97 | +0.344% | $6.8M | $2.6M | — | as long as short |
| GMX XMR/USD [WBTC.b-USDC] | L +0.0871% / S −0.2452% | 1h | 590.52 | −0.071% | $549K | — | 100x | as long as short |
| Orderly PERP_XMR_USDC | +0.0987% | 8h | 591.79 | +0.144% | $42K | $734K | 10x | as long as short |
| Paradex XMR-USD-PERPshort | +0.0994% | 8h | 593.31 | +0.401% | $8K | $4K | 20x | |
| Backpack XMR_USDC_PERPlong | +0.1079% | 1h | 590.94 | long leg | $200K | $576K | 20x | |
| Lighter XMR | +0.1352% | 1h | 591.92 | +0.166% | $3.3M | $7.1M | 10x | as long as short |
| Nado XMR-PERP | +0.1484% | 1h | 591.85 | +0.154% | $1.3M | $470K | 10x | as long as short |
| SoDEX XMR-USD | +0.1498% | 1h | 591.84 | +0.152% | $450K | $3K | 5x | as long as short |
| Gate XMR_USDT | +0.1509% | 8h | 591.28 | +0.058% | $1.7M | $4.6M | 50x | as long as short |
| GRVT XMR_USDT_Perp | +0.1516% | 8h | 592.95 | +0.341% | $348K | $795K | 10x | as long as short |
| Polymarket Perps XMR-USD | +0.1537% | 1h | 591.72 | +0.132% | $49K | $1.9M | 5x | as long as short |
| BingX XMR-USDT | +0.1632% | 8h | 592.17 | +0.208% | — | $5.8M | — | as long as short |
| Bybit XMRUSDT | +0.1721% | 8h | 592.22 | +0.217% | $48.0M | $64.5M | 75x | as long as short |
| Extended XMR-USD | +0.2256% | 1h | 591.78 | +0.142% | $3.2M | $7.1M | 25x | as long as short |
| Aftermath Perps XMRUSD | +0.2469% | 1h | 592.03 | +0.185% | $2K | $46K | 10x | as long as short |
| Hyperliquid XMR | +0.2553% | 1h | 592.51 | +0.266% | $89.5M | $72.6M | 5x | as long as short |
Backpack XMR_USDC_PERP
Paradex XMR-USD-PERP
gTrade (Gains Network) XMR/USD
Injective XMR/USDC PERP
edgeX XMRUSDC
HTX XMR-USDT
SunX XMR-USDT
MEXC XMR_USDT
Binance XMRUSDT
Bitget XMRUSDT
BloFin XMR-USDT
Aster XMRUSDT
KuCoin XMRUSDTM
Kraken Futures PF_XMRUSD
Pacifica XMR
Variational Omni XMR
GMX XMR/USD [WBTC.b-USDC]
Lighter XMR
SoDEX XMR-USD
Gate XMR_USDT
GRVT XMR_USDT_Perp
Polymarket Perps XMR-USD
BingX XMR-USDT
Bybit XMRUSDT
Extended XMR-USD
Aftermath Perps XMRUSD
Hyperliquid XMR