Funding you earn now, next payment 22:00 UTC+0.0084%/8h= +9.1% APRpaid last 24h +0.281%
Price spread now: Backpack against SunX+0.175%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs+$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$650.653% of the position
Funding, last 7 days+1.290%+$129 on $10k
+Price spread, last 3 days (all we have)−0.096%−$10 · spread now +0.175%, 7d avg +0.009%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Backpack is 0.166% dearer against SunX than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.009%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX XMR-USDT | 593.91 | 0.0100 | pay 0.0100% / 8h | 2h 23m | $2K | $1.9M | 20x |
| Short | Backpack XMR_USDC_PERP | 594.95 | 0.0184 | get 0.0023% / 1h | 23m 35s | $202K | $575K | 20x |
SunX XMR-USDT
Backpack XMR_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against SunX. 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
- $17.54
- Price spread: +0.175% → +0.009%
- $16.58
- Slippage, 4 orders
- −$47.27
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$31.15
- Costs to cover
- 0.653%
- Break-even
- 19.4 days
Slippage from SunX: live order book, 12 min ago; Backpack: live order book, 65 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 SunX live order book, 12 min ago | 13.36 bp | 29.1 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 65 min ago | 1.87 bp | 6.9 bp −$7 | 23.6 bp −$236 | 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 | 593.74 | −0.029% | $45K | — | 150x | as long as short |
| Injective XMR/USDC PERP | +0.0033% | 1h | 591.89 | −0.340% | $3K | $6K | 12x | as long as short |
| Bybit XMRUSDT | +0.0100% | 8h | 596.41 | +0.421% | $47.9M | $61.0M | 75x | as long as short |
| edgeX XMRUSDC | +0.0100% | 4h | 594.30 | +0.066% | $1.1M | $671K | 10x | as long as short |
| SunX XMR-USDTlong | +0.0100% | 8h | 593.91 | long leg | $2K | $1.9M | 20x | |
| Aevo XMR-PERP | +0.0168% | 1h | 594.70 | +0.132% | $12K | — | 3x | as long as short |
| Backpack XMR_USDC_PERPshort | +0.0184% | 1h | 594.95 | +0.175% | $202K | $575K | 20x | |
| Variational Omni XMR | +0.0280% | 8h | 593.48 | −0.072% | $6.9M | $2.8M | — | as long as short |
| Lighter XMR | +0.0296% | 1h | 596.38 | +0.416% | $3.5M | $6.7M | 10x | as long as short |
| Polymarket Perps XMR-USD | +0.0300% | 1h | 594.62 | +0.120% | $30K | $1.8M | 5x | as long as short |
gTrade (Gains Network) XMR/USD
Injective XMR/USDC PERP
Bybit XMRUSDT
edgeX XMRUSDC
Aevo XMR-PERP
Variational Omni XMR
Lighter XMR
Polymarket Perps XMR-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC XMR_USDT | +0.0355% | 8h | 596.54 | +0.443% | $22.7M | $15.3M | 100x | as long as short |
| Binance XMRUSDT | +0.0356% | 8h | 596.54 | +0.443% | $54.7M | $162.3M | 75x | as long as short |
| BingX XMR-USDT | +0.0372% | 8h | 596.48 | +0.433% | — | $5.8M | — | as long as short |
| Bitget XMRUSDT | +0.0388% | 8h | 596.62 | +0.456% | $10.0M | $14.1M | 50x | as long as short |
| Gate XMR_USDT | +0.0392% | 8h | 595.64 | +0.291% | $1.6M | $4.5M | 50x | as long as short |
| SoDEX XMR-USD | +0.0440% | 1h | 595.44 | +0.258% | $453K | $3K | 5x | as long as short |
| BloFin XMR-USDT | +0.0511% | 8h | 593.51 | −0.067% | $2.8M | $11.3M | 75x | as long as short |
| Aster XMRUSDT | +0.0542% | 8h | 595.88 | +0.331% | $675K | $2.3M | 75x | as long as short |
| dYdX XMR-USD | +0.0597% | 1h | 596.03 | +0.357% | $108K | $50K | 5x | as long as short |
| KuCoin XMRUSDTM | +0.0601% | 8h | 595.91 | +0.337% | $49.5M | $25.4M | 50x | as long as short |
| Kraken Futures PF_XMRUSD | +0.0612% | 1h | 594.46 | +0.093% | $5.7M | $20.4M | 50x | as long as short |
| GRVT XMR_USDT_Perp | +0.0612% | 8h | 592.89 | −0.172% | $348K | $782K | 10x | as long as short |
| Pacifica XMR | +0.0619% | 1h | 596.67 | +0.465% | $270K | $1.0M | 10x | as long as short |
| Paradex XMR-USD-PERP | +0.0770% | 8h | 596.71 | +0.471% | $8K | $4K | 20x | as long as short |
| GMX XMR/USD [WBTC.b-USDC] | L +0.0862% / S −0.1487% | 1h | 593.79 | −0.021% | $368K | — | 100x | as long as short |
| Orderly PERP_XMR_USDC | +0.0892% | 8h | 595.16 | +0.210% | $48K | $724K | 10x | as long as short |
| Nado XMR-PERP | +0.0922% | 1h | 594.53 | +0.105% | $1.3M | $478K | 10x | as long as short |
| Extended XMR-USD | +0.1200% | 1h | 596.24 | +0.393% | $3.1M | $6.8M | 25x | as long as short |
| Hyperliquid XMR | +0.1634% | 1h | 597.44 | +0.594% | $87.3M | $66.0M | 5x | as long as short |
| HTX XMR-USDT | +0.2265% | 8h | 592.95 | −0.162% | $1.1M | $1.4M | 20x | as long as short |
| Aftermath Perps XMRUSD | +0.2343% | 1h | 594.58 | +0.112% | $2K | $47K | 10x | as long as short |
MEXC XMR_USDT
Binance XMRUSDT
BingX XMR-USDT
Bitget XMRUSDT
Gate XMR_USDT
SoDEX XMR-USD
BloFin XMR-USDT
Aster XMRUSDT
dYdX XMR-USD
KuCoin XMRUSDTM
Kraken Futures PF_XMRUSD
GRVT XMR_USDT_Perp
Pacifica XMR
Paradex XMR-USD-PERP
GMX XMR/USD [WBTC.b-USDC]
Orderly PERP_XMR_USDC
Nado XMR-PERP
Extended XMR-USD
Hyperliquid XMR
HTX XMR-USDT
Aftermath Perps XMRUSD