Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0778%/8h= −85.1% APRpaid last 24h −0.063%

Price spread now: Binance against Kraken Futures−0.125%7-day average +0.162% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$580.579% of the position

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.269%−$27 on $10k

Price spread, last 3 days (all we have)+0.285%+$29 · spread now −0.125%, 7d avg +0.162%

Together, before fees+0.017%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Binance is 0.286% cheaper against Kraken Futures than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of +0.162%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.269% in total (about -14.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XMRUSD	588.37	0.1299	pay 0.0162% / 1h	23m 30s	$5.6M	$20.5M	50x
Short	Binance XMRUSDT	587.64	0.0521	get 0.0521% / 8h	6h 23m	$53.7M	$168.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.125%Rate

Funding earned: −$163.29
Price spread: −0.125% → +0.162%: −$28.64
Slippage, 4 orders: −$37.95
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$249.87
Costs to cover: 0.579%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 6 min ago; Binance: 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 Kraken Futures live order book, 6 min ago	7.16 bp	13.5 bp −$14	27.7 bp −$277	108.3 bp −$10.8K	doesn't fit
Sell Binance live order book, 5 min ago	0.09 bp	10.0 bp −$10	26.7 bp −$267	doesn't fit	doesn't fit

XMR on 30 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 −0.0010%	1h	589.03	+0.111%	$35K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.425%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	590.16	+0.304%	$1.1M	$667K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	589.66	+0.219%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	587.96	−0.070%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	589.77	+0.238%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0451%	1h	588.61	+0.040%	$107K	$50K	5x	as long as short
MEXC XMR_USDT	+0.0518%	8h	589.00	+0.106%	$21.0M	$15.3M	100x	as long as short
Binance XMRUSDTshort	+0.0521%	8h	587.64	−0.125%	$53.7M	$168.2M	75x
Bitget XMRUSDT	+0.0615%	8h	587.75	−0.106%	$9.6M	$14.2M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XMRUSDT	+0.0701%	8h	588.79	+0.071%	$655K	$2.5M	75x	as long as short
Gate XMR_USDT	+0.0732%	8h	588.27	−0.018%	$1.6M	$4.6M	50x	as long as short
KuCoin XMRUSDTM	+0.0782%	8h	588.84	+0.079%	$48.2M	$26.2M	50x	as long as short
Pacifica XMR	+0.0821%	1h	589.13	+0.129%	$273K	$1.1M	10x	as long as short
BingX XMR-USDT	+0.0857%	8h	589.12	+0.127%	—	$5.8M	—	as long as short
Bybit XMRUSDT	+0.0884%	8h	587.75	−0.106%	$47.4M	$65.0M	75x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0934% / S −0.1155%	1h	588.89	+0.088%	$657K	—	100x	as long as short
Backpack XMR_USDC_PERP	+0.1009%	1h	589.15	+0.132%	$184K	$534K	20x	as long as short
Variational Omni XMR	+0.1021%	8h	590.91	+0.431%	$6.7M	$2.9M	—	as long as short
Lighter XMR	+0.1056%	1h	589.26	+0.151%	$3.3M	$7.2M	10x	as long as short
Orderly PERP_XMR_USDC	+0.1064%	8h	590.00	+0.276%	$42K	$736K	10x	as long as short
Polymarket Perps XMR-USD	+0.1075%	1h	587.82	−0.094%	$35K	$2.1M	5x	as long as short
GRVT XMR_USDT_Perp	+0.1110%	8h	590.89	+0.427%	$346K	$786K	10x	as long as short
Paradex XMR-USD-PERP	+0.1281%	8h	588.51	+0.023%	$8K	$4K	20x	as long as short
Kraken Futures PF_XMRUSDlong	+0.1299%	1h	588.37	long leg	$5.6M	$20.5M	50x
Nado XMR-PERP	+0.1502%	1h	587.82	−0.095%	$1.3M	$467K	10x	as long as short
Hyperliquid XMR	+0.1816%	1h	587.90	−0.081%	$88.9M	$73.7M	5x	as long as short
SoDEX XMR-USD	+0.1836%	1h	589.99	+0.275%	$448K	$3K	5x	as long as short
Extended XMR-USD	+0.2104%	1h	588.79	+0.070%	$3.2M	$8.2M	25x	as long as short
Aftermath Perps XMRUSD	+0.2758%	1h	588.06	−0.054%	$1K	$46K	10x	as long as short