Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0288%/8h= +31.5% APRpaid last 24h −0.084%

Price spread now: Bitget against Kraken Futures+0.215%7-day average +0.168% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$700.697% of the position

Long on Kraken Futures Short on Bitget

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)−0.032%−$3 · spread now +0.215%, 7d avg +0.168%

Together, before fees−0.409%−$41 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Bitget is 0.047% dearer against Kraken Futures than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.168%. Mind the row above: over the last 7 days funding on this pair cost −0.377%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XMRUSD	574.41	0.0225	pay 0.0028% / 1h	58m 53s	$5.4M	$19.5M	50x
Short	Bitget XMRUSDT	575.64	0.0513	get 0.0513% / 8h	3h 58m	$9.4M	$13.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.215%Rate

Funding earned: $60.48
Price spread: +0.215% → +0.168%: $4.68
Slippage, 4 orders: −$47.74
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$4.58
Costs to cover: 0.697%
Break-even: 7.5 days

Slippage from Kraken Futures: live order book, 5 min ago; Bitget: 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, 5 min ago	8.86 bp	22.1 bp −$22	33.8 bp −$338	109.2 bp −$10.9K	doesn't fit
Sell Bitget live order book, 5 min ago	3.72 bp	18.5 bp −$19	28.1 bp −$281	doesn't fit	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 −0.0008%	1h	575.16	+0.132%	$50K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.418%	$3K	$3K	12x	as long as short
Lighter XMR	+0.0096%	1h	575.56	+0.201%	$3.2M	$7.5M	10x	as long as short
edgeX XMRUSDC	+0.0100%	4h	576.86	+0.427%	$1.0M	$653K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	575.40	+0.173%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	575.21	+0.140%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	575.88	+0.256%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSDlong	+0.0225%	1h	574.41	long leg	$5.4M	$19.5M	50x
dYdX XMR-USD	+0.0305%	1h	574.16	−0.042%	$104K	$44K	5x	as long as short
KuCoin XMRUSDTM	+0.0392%	8h	575.11	+0.123%	$45.0M	$26.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XMR_USDT	+0.0442%	8h	575.83	+0.248%	$1.6M	$4.5M	50x	as long as short
Bybit XMRUSDT	+0.0468%	8h	575.87	+0.255%	$46.9M	$64.4M	75x	as long as short
BingX XMR-USDT	+0.0488%	8h	575.70	+0.225%	—	$5.7M	—	as long as short
MEXC XMR_USDT	+0.0512%	8h	575.79	+0.241%	$20.2M	$14.7M	100x	as long as short
Binance XMRUSDT	+0.0512%	8h	575.80	+0.243%	$52.7M	$164.2M	75x	as long as short
Bitget XMRUSDTshort	+0.0513%	8h	575.64	+0.215%	$9.4M	$13.8M	50x
Pacifica XMR	+0.0626%	1h	575.68	+0.222%	$266K	$1.0M	10x	as long as short
Aster XMRUSDT	+0.0684%	8h	575.14	+0.128%	$638K	$2.3M	75x	as long as short
Nado XMR-PERP	+0.0686%	1h	576.46	+0.358%	$1.3M	$460K	10x	as long as short
Extended XMR-USD	+0.0744%	1h	575.64	+0.215%	$3.1M	$8.4M	25x	as long as short
Backpack XMR_USDC_PERP	+0.0755%	1h	575.41	+0.175%	$170K	$534K	20x	as long as short
BloFin XMR-USDT	+0.0823%	8h	575.79	+0.241%	$2.7M	$11.2M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0904%	8h	577.83	+0.596%	$346K	$733K	10x	as long as short
SoDEX XMR-USD	+0.0907%	1h	575.83	+0.248%	$438K	$3K	5x	as long as short
Paradex XMR-USD-PERP	+0.0921%	8h	576.60	+0.382%	$8K	$4K	20x	as long as short
Hyperliquid XMR	+0.0938%	1h	575.69	+0.224%	$86.6M	$71.1M	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0990% / S −0.1254%	1h	574.70	+0.052%	$592K	—	100x	as long as short
Variational Omni XMR	+0.1050%	8h	576.81	+0.419%	$6.6M	$2.2M	—	as long as short
Orderly PERP_XMR_USDC	+0.1127%	8h	575.64	+0.215%	$40K	$735K	10x	as long as short
Polymarket Perps XMR-USD	+0.1185%	1h	576.22	+0.316%	$25K	$2.2M	5x	as long as short
Aftermath Perps XMRUSD	+0.1926%	1h	576.24	+0.320%	$1K	$44K	10x	as long as short