XMR

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0561%/8h= +61.4% APRnext payment +$0.70 per $10,000 · paid last 24h −0.007%

Price spread now: Backpack against Kraken Futures+0.163%7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs+$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$420.425% of the position

Long on Kraken Futures Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.686%+$69 on $10k

Price spread, last 4 days (all we have)−0.055%−$6 · spread now +0.163%, 7d avg +0.086%

Together, before fees+0.631%+$63 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Backpack is 0.077% dearer against Kraken Futures than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.086%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XMRUSD	569.30	0.0656	pay 0.0082% / 1h	58m 47s	$5.4M	$6.4M	50x
Short	Backpack XMR_USDC_PERP	570.23	0.1217	get 0.0152% / 1h	58m 47s	$128K	$407K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Kraken Futures. 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 Kraken FuturesbpFee BackpackbpOrdersPrice spread, now +0.163%Rate

Funding earned: $117.82
Price spread: +0.163% → +0.086%: $7.68
Slippage, 4 orders: −$22.49
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: $83.01
Costs to cover: 0.425%
Break-even: 2.1 days

Slippage from Kraken Futures: live order book, 3 min ago; Backpack: live order book, 53 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 Kraken Futures live order book, 3 min ago	5.45 bp	12.4 bp −$12	29.3 bp −$293	116.8 bp −$11.7K	doesn't fit
Sell Backpack live order book, 53 min ago	0.09 bp	5.4 bp −$5	23.4 bp −$234	doesn't fit	doesn't fit

XMR on 31 exchanges

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 −0.0004%	1h	568.93	−0.066%	$33K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+2.327%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	570.11	+0.142%	$1.0M	$469K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	570.16	+0.151%	$2K	$876K	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	570.69	+0.244%	$1.1M	$932K	20x	as long as short
Aevo XMR-PERP	+0.0200%	1h	570.61	+0.229%	$12K	—	3x	as long as short
Polymarket Perps XMR-USD	+0.0263%	1h	570.66	+0.238%	$30K	$1.5M	5x	as long as short
Lighter XMR	+0.0376%	1h	570.57	+0.222%	$3.0M	$4.5M	10x	as long as short
SoDEX XMR-USD	+0.0467%	1h	570.47	+0.205%	$434K	$4K	5x	as long as short
Binance XMRUSDT	+0.0474%	8h	570.59	+0.226%	$52.4M	$80.9M	75x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XMR_USDT	+0.0476%	8h	570.56	+0.221%	$19.7M	$7.2M	100x	as long as short
Aster XMRUSDT	+0.0515%	8h	570.51	+0.212%	$660K	$1.2M	75x	as long as short
Gate XMR_USDT	+0.0568%	8h	570.22	+0.161%	$1.5M	$2.2M	50x	as long as short
Bybit XMRUSDT	+0.0571%	8h	570.54	+0.217%	$46.3M	$41.3M	75x	as long as short
KuCoin XMRUSDTM	+0.0595%	8h	570.18	+0.154%	$45.9M	$14.9M	50x	as long as short
Hyperliquid XMR	+0.0614%	1h	570.83	+0.268%	$86.8M	$52.1M	5x	as long as short
Extended XMR-USD	+0.0632%	1h	570.62	+0.231%	$3.0M	$6.4M	25x	as long as short
Kraken Futures PF_XMRUSDlong	+0.0656%	1h	569.30	long leg	$5.4M	$6.4M	50x
BingX XMR-USDT	+0.0675%	8h	570.84	+0.270%	—	$4.7M	—	as long as short
Bitget XMRUSDT	+0.0713%	8h	570.58	+0.224%	$9.1M	$8.8M	50x	as long as short
Paradex XMR-USD-PERP	+0.0718%	8h	570.61	+0.229%	$8K	$1K	20x	as long as short
Pacifica XMR	+0.0759%	1h	570.65	+0.237%	$269K	$609K	10x	as long as short
BloFin XMR-USDT	+0.0764%	8h	570.58	+0.224%	$2.7M	$9.1M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0783%	8h	570.14	+0.148%	$336K	$671K	10x	as long as short
Variational Omni XMR	+0.0837%	8h	570.18	+0.154%	$6.1M	$2.2M	—	as long as short
Nado XMR-PERP	+0.0890%	1h	570.88	+0.278%	$1.2M	$170K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0937% / S −0.1108%	1h	569.43	+0.022%	$592K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1060%	8h	570.46	+0.203%	$41K	$311K	10x	as long as short
Backpack XMR_USDC_PERPshort	+0.1217%	1h	570.23	+0.163%	$128K	$407K	20x
Aftermath Perps XMRUSD	+0.2125%	1h	570.43	+0.198%	$2K	$37K	10x	as long as short
dYdX XMR-USD	+0.6646%	1h	570.29	+0.174%	$103K	$24K	5x	as long as short