XMR

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1375%/8h= +150.5% APRnext payment +$1.72 per $10,000 · paid last 24h +0.253%

Price spread now: Backpack against Injective−1.027%72s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Backpack is 1.027% cheaper against Injective than usual: you would sell low and buy high (spread −1.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$103 on $10k: about 2.5 days of funding at the current rate (+$41 a day). The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XMR/USDC PERP	582.55	0.0033	pay 0.0004% / 1h	15m 37s	$3K	$3K	12x
Short	Backpack XMR_USDC_PERP	576.57	0.1408	get 0.0176% / 1h	15m 37s	$169K	$532K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Injective. 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 InjectivebpFee BackpackbpOrdersPrice spread, now −1.027%Rate

Funding earned: $288.72
Price spread: −1.027% → 0.000%: −$102.65
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Backpack: 5 bp × 2 orders: −$10
Net: $176.05
Costs to cover: 0.100%
Break-even: 2.7 days

Slippage unknown: Injective: no order-book sample; Backpack: live order book, 33 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 Injective no order-book sample	—	—	—	—	—
Sell Backpack live order book, 33 min ago	1.66 bp	6.8 bp −$7	28.7 bp −$287	doesn't fit	doesn't fit

Injective: 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 −0.0003%	1h	575.08	−1.283%	$38K	—	150x	as long as short
Injective XMR/USDC PERPlong	+0.0033%	1h	582.55	long leg	$3K	$3K	12x
edgeX XMRUSDC	+0.0100%	4h	576.48	−1.041%	$1.0M	$642K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	575.62	−1.190%	$2K	$1.8M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	574.96	−1.303%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0240%	1h	576.50	−1.039%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0322%	1h	576.11	−1.105%	$104K	$44K	5x	as long as short
KuCoin XMRUSDTM	+0.0324%	8h	576.51	−1.037%	$45.4M	$26.2M	50x	as long as short
Bitget XMRUSDT	+0.0588%	8h	577.80	−0.815%	$9.5M	$13.1M	50x	as long as short
MEXC XMR_USDT	+0.0627%	8h	577.55	−0.858%	$20.0M	$14.6M	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	+0.0631%	8h	577.69	−0.834%	$52.8M	$160.5M	75x	as long as short
BingX XMR-USDT	+0.0669%	8h	577.57	−0.855%	—	$5.6M	—	as long as short
Gate XMR_USDT	+0.0670%	8h	576.41	−1.054%	$1.6M	$4.3M	50x	as long as short
Polymarket Perps XMR-USD	+0.0672%	1h	576.14	−1.100%	$27K	$2.1M	5x	as long as short
Bybit XMRUSDT	+0.0710%	8h	577.40	−0.884%	$46.7M	$64.0M	75x	as long as short
Extended XMR-USD	+0.0720%	1h	577.40	−0.884%	$3.0M	$8.2M	25x	as long as short
Kraken Futures PF_XMRUSD	+0.0744%	1h	575.24	−1.255%	$5.4M	$18.9M	50x	as long as short
Aster XMRUSDT	+0.0790%	8h	576.80	−0.987%	$649K	$2.2M	75x	as long as short
Lighter XMR	+0.0896%	1h	577.47	−0.872%	$3.1M	$7.6M	10x	as long as short
Paradex XMR-USD-PERP	+0.0897%	8h	577.71	−0.830%	$8K	$4K	20x	as long as short
Pacifica XMR	+0.0912%	1h	577.49	−0.869%	$267K	$1.0M	10x	as long as short
GRVT XMR_USDT_Perp	+0.1020%	8h	575.69	−1.178%	$346K	$727K	10x	as long as short
BloFin XMR-USDT	+0.1030%	8h	576.36	−1.063%	$2.7M	$11.2M	75x	as long as short
Hyperliquid XMR	+0.1064%	1h	577.38	−0.887%	$87.2M	$70.9M	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1085% / S −0.1451%	1h	575.15	−1.271%	$596K	—	100x	as long as short
Variational Omni XMR	+0.1180%	8h	576.19	−1.091%	$6.2M	$2.4M	—	as long as short
Orderly PERP_XMR_USDC	+0.1195%	8h	576.04	−1.118%	$40K	$674K	10x	as long as short
Nado XMR-PERP	+0.1245%	1h	576.23	−1.086%	$1.3M	$450K	10x	as long as short
SoDEX XMR-USD	+0.1338%	1h	576.52	−1.035%	$438K	$3K	5x	as long as short
Backpack XMR_USDC_PERPshort	+0.1408%	1h	576.57	−1.027%	$169K	$532K	20x
Aftermath Perps XMRUSD	+0.2044%	1h	575.24	−1.255%	$2K	$42K	10x	as long as short