Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0420%/8h= −45.9% APRpaid last 24h +0.084%

Price spread now: Kraken Futures against Bitget−0.256%7-day average −0.168% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$720.723% of the position

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.377%+$38 on $10k

Price spread, last 4 days (all we have)+0.073%+$7 · spread now −0.256%, 7d avg −0.168%

Together, before fees+0.450%+$45 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Kraken Futures is 0.088% cheaper against Bitget than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.168%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.377%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XMRUSDT	579.05	0.0568	pay 0.0568% / 8h	4h 47m	$9.5M	$13.8M	50x
Short	Kraken Futures PF_XMRUSD	577.57	0.0148	get 0.0019% / 1h	47m 15s	$5.5M	$19.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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 BitgetbpFee Kraken FuturesbpOrdersPrice spread, now −0.256%Rate

Funding earned: −$88.12
Price spread: −0.256% → −0.168%: −$8.77
Slippage, 4 orders: −$50.31
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$169.19
Costs to cover: 0.723%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Kraken Futures: live order book, 2 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 Bitget live order book, 1 min ago	1.81 bp	11.6 bp −$12	19.4 bp −$194	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	7.87 bp	26.7 bp −$27	42.2 bp −$422	147.3 bp −$14.7K	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
Injective XMR/USDC PERP	−0.0136%	1h	582.55	+0.604%	$3K	$3K	12x	as long as short
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0010%	1h	577.83	−0.211%	$45K	—	150x	as long as short
Lighter XMR	+0.0096%	1h	578.35	−0.121%	$3.3M	$7.4M	10x	as long as short
edgeX XMRUSDC	+0.0100%	4h	579.07	+0.004%	$1.0M	$655K	10x	as long as short
Polymarket Perps XMR-USD	+0.0100%	1h	578.64	−0.071%	$30K	$2.1M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	578.51	−0.093%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	578.00	−0.181%	$1.1M	$1.6M	20x	as long as short
Kraken Futures PF_XMRUSDshort	+0.0148%	1h	577.57	−0.256%	$5.5M	$19.6M	50x
Aevo XMR-PERP	+0.0200%	1h	578.87	−0.031%	$12K	—	3x	as long as short
Backpack XMR_USDC_PERP	+0.0355%	1h	578.38	−0.116%	$170K	$534K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit XMRUSDT	+0.0421%	8h	579.13	+0.014%	$47.0M	$63.7M	75x	as long as short
Gate XMR_USDT	+0.0452%	8h	578.07	−0.169%	$1.6M	$4.4M	50x	as long as short
dYdX XMR-USD	+0.0454%	1h	577.76	−0.223%	$105K	$44K	5x	as long as short
MEXC XMR_USDT	+0.0486%	8h	579.12	+0.012%	$20.5M	$14.9M	100x	as long as short
Binance XMRUSDT	+0.0487%	8h	579.02	−0.005%	$52.7M	$164.4M	75x	as long as short
BingX XMR-USDT	+0.0542%	8h	579.06	+0.002%	—	$5.6M	—	as long as short
Bitget XMRUSDTlong	+0.0568%	8h	579.05	long leg	$9.5M	$13.8M	50x
KuCoin XMRUSDTM	+0.0613%	8h	578.37	−0.117%	$47.5M	$25.0M	50x	as long as short
Hyperliquid XMR	+0.0614%	1h	578.75	−0.052%	$87.1M	$70.9M	5x	as long as short
Pacifica XMR	+0.0626%	1h	578.67	−0.065%	$267K	$1.1M	10x	as long as short
Nado XMR-PERP	+0.0640%	1h	578.99	−0.010%	$1.3M	$463K	10x	as long as short
SoDEX XMR-USD	+0.0687%	1h	578.72	−0.057%	$440K	$3K	5x	as long as short
Aster XMRUSDT	+0.0691%	8h	578.26	−0.136%	$647K	$2.4M	75x	as long as short
Extended XMR-USD	+0.0744%	1h	578.71	−0.059%	$3.1M	$8.3M	25x	as long as short
BloFin XMR-USDT	+0.0751%	8h	579.10	+0.009%	$2.7M	$11.3M	75x	as long as short
Paradex XMR-USD-PERP	+0.0802%	8h	578.66	−0.068%	$8K	$4K	20x	as long as short
GRVT XMR_USDT_Perp	+0.0851%	8h	579.20	+0.025%	$336K	$741K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0992% / S −0.1252%	1h	577.73	−0.228%	$595K	—	100x	as long as short
Variational Omni XMR	+0.1037%	8h	580.03	+0.170%	$6.6M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1106%	8h	578.59	−0.079%	$41K	$720K	10x	as long as short
Aftermath Perps XMRUSD	+0.2266%	1h	579.37	+0.054%	$1K	$45K	10x	as long as short