You have the following market data.

Spot price for the Mexican Peso is $0.058 per Peso.

Futures price is $0.063 per Peso on a contract that expires in one month.

U.S. dollar LIBOR for one month is a continuously compounded rate of 1.32% per annum.

Mexican LIBOR for one month is a continuously compounded rate of 3.01% per annum.

The contract size is 500,000 Mexican Pesos.

What is the total net profit if you execute the arbitrage strategy with one futures contract?

Do not round values at intermediate steps in your calculations. Enter your answer in dollars and cents to two decimal places, but omit the $ symbol and commas. For example, enter $1,234.56 as 1234.56 as your answer.