Funding you earn now, next payment 08:00 UTC+0.0407%/8h= +44.6% APRnext payment +$0.51 per $10,000 · paid last 24h +0.275%
Price spread now: Backpack against gTrade (Gains Network)+0.095%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Backpack is 0.095% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) XMR/USD | 571.40 | L +0.0010% / S −0.0004% | pay 0.0001% / 1h | 20m 06s | $33K | — | 150x |
| Short | Backpack XMR_USDC_PERP | 571.94 | 0.0418 | get 0.0052% / 1h | 20m 06s | $174K | $420K | 20x |
gTrade (Gains Network) XMR/USD
Backpack XMR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against gTrade (Gains Network). 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
- $85.57
- Price spread: +0.095% → 0.000%
- $9.45
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $73.03
- Costs to cover
- 0.220%
- Break-even
- 1.0 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Backpack: live order book, 19 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 19 min ago | 0.43 bp | 6.9 bp −$7 | 25.6 bp −$256 | doesn't fit | doesn't fit |
gTrade (Gains Network): 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/USDlong | L +0.0010% / S −0.0004% | 1h | 571.40 | long leg | $33K | — | 150x | |
| Injective XMR/USDC PERP | +0.0033% | 1h | 582.55 | +1.951% | $3K | $3K | 12x | as long as short |
| edgeX XMRUSDC | +0.0100% | 4h | 571.98 | +0.101% | $1.0M | $532K | 10x | as long as short |
| Polymarket Perps XMR-USD | +0.0100% | 1h | 571.99 | +0.103% | $28K | $1.7M | 5x | as long as short |
| SunX XMR-USDT | +0.0100% | 8h | 571.19 | −0.037% | $2K | $1.3M | 20x | as long as short |
| HTX XMR-USDT | +0.0100% | 8h | 571.94 | +0.095% | $1.1M | $1.1M | 20x | as long as short |
| Extended XMR-USD | +0.0104% | 1h | 573.05 | +0.288% | $3.0M | $7.9M | 25x | as long as short |
| Aevo XMR-PERP | +0.0208% | 1h | 572.17 | +0.135% | $12K | — | 3x | as long as short |
| KuCoin XMRUSDTM | +0.0291% | 8h | 571.33 | −0.012% | $45.2M | $18.8M | 50x | as long as short |
| Lighter XMR | +0.0312% | 1h | 572.09 | +0.121% | $3.1M | $5.9M | 10x | as long as short |
Injective XMR/USDC PERP
edgeX XMRUSDC
Polymarket Perps XMR-USD
SunX XMR-USDT
HTX XMR-USDT
Extended XMR-USD
Aevo XMR-PERP
KuCoin XMRUSDTM
Lighter XMRShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack XMR_USDC_PERPshort | +0.0418% | 1h | 571.94 | +0.095% | $174K | $420K | 20x | |
| Bybit XMRUSDT | +0.0447% | 8h | 573.12 | +0.301% | $46.4M | $51.9M | 75x | as long as short |
| Hyperliquid XMR | +0.0483% | 1h | 572.31 | +0.159% | $86.9M | $60.7M | 5x | as long as short |
| Gate XMR_USDT | +0.0491% | 8h | 571.52 | +0.021% | $1.6M | $2.9M | 50x | as long as short |
| BingX XMR-USDT | +0.0496% | 8h | 572.32 | +0.161% | — | $5.4M | — | as long as short |
| Bitget XMRUSDT | +0.0514% | 8h | 573.18 | +0.312% | $9.4M | $10.6M | 50x | as long as short |
| Binance XMRUSDT | +0.0519% | 8h | 572.62 | +0.214% | $52.2M | $112.5M | 75x | as long as short |
| MEXC XMR_USDT | +0.0520% | 8h | 572.27 | +0.152% | $20.2M | $11.1M | 100x | as long as short |
| Kraken Futures PF_XMRUSD | +0.0619% | 1h | 571.27 | −0.023% | $5.4M | $9.7M | 50x | as long as short |
| Paradex XMR-USD-PERP | +0.0648% | 8h | 571.88 | +0.084% | $8K | $2K | 20x | as long as short |
| Aster XMRUSDT | +0.0657% | 8h | 572.00 | +0.105% | $640K | $1.7M | 75x | as long as short |
| dYdX XMR-USD | +0.0706% | 1h | 570.73 | −0.117% | $103K | $29K | 5x | as long as short |
| SoDEX XMR-USD | +0.0727% | 1h | 572.29 | +0.156% | $435K | $3K | 5x | as long as short |
| Pacifica XMR | +0.0735% | 1h | 571.50 | +0.017% | $268K | $798K | 10x | as long as short |
| BloFin XMR-USDT | +0.0842% | 8h | 571.81 | +0.072% | $2.7M | $10.2M | 75x | as long as short |
| GRVT XMR_USDT_Perp | +0.0851% | 8h | 572.45 | +0.185% | $341K | $637K | 10x | as long as short |
| Variational Omni XMR | +0.0865% | 8h | 571.49 | +0.017% | $6.2M | $2.3M | — | as long as short |
| Nado XMR-PERP | +0.0986% | 1h | 571.94 | +0.095% | $1.2M | $335K | 10x | as long as short |
| GMX XMR/USD [WBTC.b-USDC] | L +0.1123% / S −0.1459% | 1h | 571.16 | −0.043% | $595K | — | 100x | as long as short |
| Orderly PERP_XMR_USDC | +0.1160% | 8h | 571.98 | +0.102% | $40K | $455K | 10x | as long as short |
| Aftermath Perps XMRUSD | +0.1958% | 1h | 572.20 | +0.140% | $1K | $39K | 10x | as long as short |
Bybit XMRUSDT
Hyperliquid XMR
Gate XMR_USDT
BingX XMR-USDT
Bitget XMRUSDT
Binance XMRUSDT
MEXC XMR_USDT
Kraken Futures PF_XMRUSD
Paradex XMR-USD-PERP
Aster XMRUSDT
dYdX XMR-USD
SoDEX XMR-USD
Pacifica XMR
BloFin XMR-USDT
GRVT XMR_USDT_Perp
Variational Omni XMR
Nado XMR-PERP
GMX XMR/USD [WBTC.b-USDC]
Orderly PERP_XMR_USDC
Aftermath Perps XMRUSD