XMR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0038%/8h= −4.1% APRnext payment −$0.05 per $10,000 · paid last 24h −0.092%

Price spread now: Kraken Futures against Backpack−0.112%7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$480.478% of the position

Long on Backpack Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.667%−$67 on $10k

Price spread, last 3 days (all we have)+0.023%+$2 · spread now −0.112%, 7d avg −0.081%

Together, before fees−0.644%−$64 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Kraken Futures is 0.031% cheaper against Backpack than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.081%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack XMR_USDC_PERP	590.31	0.0504	pay 0.0063% / 1h	4m 17s	$201K	$579K	20x
Short	Kraken Futures PF_XMRUSD	589.65	0.0466	get 0.0058% / 1h	4m 17s	$5.6M	$20.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Backpack. 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 BackpackbpFee Kraken FuturesbpOrdersPrice spread, now −0.112%Rate

Funding earned: −$7.93
Price spread: −0.112% → −0.081%: −$3.13
Slippage, 4 orders: −$27.85
Fee Backpack: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$58.9
Costs to cover: 0.478%
Break-even: never at this rate

Slippage from Backpack: live order book, 10 min ago; Kraken Futures: live order book, 5 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 Backpack live order book, 10 min ago	0.34 bp	8.1 bp −$8	27.6 bp −$276	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	6.78 bp	21.9 bp −$22	45.9 bp −$459	239.7 bp −$24.0K	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	589.41	−0.153%	$45K	—	150x	as long as short
edgeX XMRUSDC	+0.0100%	4h	589.34	−0.164%	$1.0M	$665K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	589.84	−0.080%	$2K	$2.0M	20x	as long as short
Bybit XMRUSDT	+0.0161%	8h	590.65	+0.058%	$47.9M	$64.3M	75x	as long as short
Aevo XMR-PERP	+0.0168%	1h	590.31	0.000%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0336%	8h	590.84	+0.090%	$21.6M	$15.2M	100x	as long as short
Binance XMRUSDT	+0.0342%	8h	590.60	+0.049%	$54.1M	$166.1M	75x	as long as short
Lighter XMR	+0.0400%	1h	590.56	+0.042%	$3.3M	$7.2M	10x	as long as short
BingX XMR-USDT	+0.0438%	8h	591.11	+0.136%	—	$5.8M	—	as long as short
Kraken Futures PF_XMRUSDshort	+0.0466%	1h	589.65	−0.112%	$5.6M	$20.5M	50x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0472%	8h	591.17	+0.146%	$9.7M	$14.6M	50x	as long as short
Gate XMR_USDT	+0.0483%	8h	589.54	−0.130%	$1.6M	$4.6M	50x	as long as short
BloFin XMR-USDT	+0.0483%	8h	590.11	−0.034%	$2.8M	$11.6M	75x	as long as short
Backpack XMR_USDC_PERPlong	+0.0504%	1h	590.31	long leg	$201K	$579K	20x
Pacifica XMR	+0.0565%	1h	590.53	+0.038%	$275K	$1.1M	10x	as long as short
KuCoin XMRUSDTM	+0.0568%	8h	589.72	−0.100%	$48.2M	$26.2M	50x	as long as short
Aster XMRUSDT	+0.0591%	8h	589.65	−0.112%	$633K	$2.4M	75x	as long as short
Variational Omni XMR	+0.0616%	8h	589.83	−0.082%	$6.7M	$2.6M	—	as long as short
GRVT XMR_USDT_Perp	+0.0621%	8h	591.34	+0.174%	$347K	$795K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0868% / S −0.2452%	1h	589.02	−0.218%	$548K	—	100x	as long as short
Polymarket Perps XMR-USD	+0.0942%	1h	590.47	+0.027%	$53K	$2.0M	5x	as long as short
Paradex XMR-USD-PERP	+0.0956%	8h	590.27	−0.006%	$8K	$4K	20x	as long as short
Orderly PERP_XMR_USDC	+0.0966%	8h	590.45	+0.024%	$42K	$734K	10x	as long as short
SoDEX XMR-USD	+0.1132%	1h	590.64	+0.056%	$449K	$3K	5x	as long as short
Nado XMR-PERP	+0.1222%	1h	590.57	+0.043%	$1.3M	$470K	10x	as long as short
Injective XMR/USDC PERP	+0.1312%	1h	596.76	+1.093%	$3K	$6K	12x	as long as short
dYdX XMR-USD	+0.1600%	1h	588.89	−0.240%	$107K	$50K	5x	as long as short
HTX XMR-USDT	+0.1707%	8h	589.95	−0.061%	$1.1M	$1.5M	20x	as long as short
Hyperliquid XMR	+0.1773%	1h	590.77	+0.078%	$89.0M	$72.2M	5x	as long as short
Extended XMR-USD	+0.2088%	1h	590.69	+0.065%	$3.2M	$7.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2424%	1h	590.65	+0.058%	$2K	$46K	10x	as long as short