Funding you earn now, next payment 22:00 UTC−0.0513%/8h= −56.2% APRpaid last 24h −0.149%
Price spread now: Bybit against Kraken Futures−0.011%7-day average +0.142% · you buy dearer than you sell
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$680.685% of the position
Funding, last 7 days−0.511%−$51 on $10k
+Price spread, last 3 days (all we have)+0.179%+$18 · spread now −0.011%, 7d avg +0.142%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Bybit is 0.154% cheaper against Kraken Futures than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.142%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XMRUSD | 593.26 | 0.0613 | pay 0.0077% / 1h | 27m 14s | $5.7M | $20.4M | 50x |
| Short | Bybit XMRUSDT | 593.19 | 0.0100 | get 0.0100% / 8h | 2h 27m | $47.6M | $60.9M | 75x |
Kraken Futures PF_XMRUSD
Bybit XMRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$107.75
- Price spread: −0.011% → +0.142%
- −$15.36
- Slippage, 4 orders
- −$47.47
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$191.58
- Costs to cover
- 0.685%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; Bybit: 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 Kraken Futures live order book, 2 min ago | 6.57 bp | 13.5 bp −$14 | 26.2 bp −$262 | 153.2 bp −$15.3K | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.08 bp | 16.7 bp −$17 | 34.7 bp −$347 | 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 −0.0009% | 1h | 593.27 | +0.002% | $45K | — | 150x | as long as short |
| Injective XMR/USDC PERP | +0.0033% | 1h | 591.89 | −0.230% | $3K | $6K | 12x | as long as short |
| Bybit XMRUSDTshort | +0.0100% | 8h | 593.19 | −0.011% | $47.6M | $60.9M | 75x | |
| edgeX XMRUSDC | +0.0100% | 4h | 596.08 | +0.475% | $1.1M | $674K | 10x | as long as short |
| SunX XMR-USDT | +0.0100% | 8h | 593.44 | +0.031% | $2K | $1.9M | 20x | as long as short |
| Aevo XMR-PERP | +0.0168% | 1h | 594.36 | +0.186% | $12K | — | 3x | as long as short |
| Backpack XMR_USDC_PERP | +0.0173% | 1h | 593.13 | −0.021% | $202K | $575K | 20x | as long as short |
| Lighter XMR | +0.0272% | 1h | 593.82 | +0.095% | $3.5M | $6.7M | 10x | as long as short |
| Polymarket Perps XMR-USD | +0.0275% | 1h | 594.22 | +0.163% | $32K | $1.8M | 5x | as long as short |
| Variational Omni XMR | +0.0290% | 8h | 595.99 | +0.461% | $6.9M | $2.8M | — | as long as short |
gTrade (Gains Network) XMR/USD
Injective XMR/USDC PERP
edgeX XMRUSDC
SunX XMR-USDT
Aevo XMR-PERP
Backpack XMR_USDC_PERP
Lighter XMR
Polymarket Perps XMR-USD
Variational Omni XMRShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance XMRUSDT | +0.0358% | 8h | 593.82 | +0.095% | $54.4M | $162.1M | 75x | as long as short |
| MEXC XMR_USDT | +0.0360% | 8h | 593.85 | +0.100% | $22.6M | $15.3M | 100x | as long as short |
| BingX XMR-USDT | +0.0372% | 8h | 593.73 | +0.080% | — | $5.8M | — | as long as short |
| SoDEX XMR-USD | +0.0374% | 1h | 594.17 | +0.154% | $452K | $3K | 5x | as long as short |
| Gate XMR_USDT | +0.0387% | 8h | 593.31 | +0.009% | $1.6M | $4.5M | 50x | as long as short |
| Bitget XMRUSDT | +0.0390% | 8h | 593.66 | +0.068% | $9.9M | $14.1M | 50x | as long as short |
| BloFin XMR-USDT | +0.0513% | 8h | 594.19 | +0.157% | $2.8M | $11.3M | 75x | as long as short |
| dYdX XMR-USD | +0.0519% | 1h | 593.51 | +0.043% | $108K | $50K | 5x | as long as short |
| Aster XMRUSDT | +0.0545% | 8h | 593.92 | +0.112% | $674K | $2.3M | 75x | as long as short |
| KuCoin XMRUSDTM | +0.0613% | 8h | 593.58 | +0.055% | $49.4M | $25.4M | 50x | as long as short |
| Kraken Futures PF_XMRUSDlong | +0.0613% | 1h | 593.26 | long leg | $5.7M | $20.4M | 50x | |
| Pacifica XMR | +0.0619% | 1h | 594.44 | +0.200% | $269K | $1.0M | 10x | as long as short |
| GRVT XMR_USDT_Perp | +0.0622% | 8h | 594.60 | +0.227% | $349K | $782K | 10x | as long as short |
| Paradex XMR-USD-PERP | +0.0763% | 8h | 594.15 | +0.151% | $8K | $4K | 20x | as long as short |
| GMX XMR/USD [WBTC.b-USDC] | L +0.0863% / S −0.1487% | 1h | 593.32 | +0.011% | $367K | — | 100x | as long as short |
| Orderly PERP_XMR_USDC | +0.0890% | 8h | 594.06 | +0.136% | $48K | $724K | 10x | as long as short |
| Nado XMR-PERP | +0.0895% | 1h | 594.54 | +0.216% | $1.3M | $479K | 10x | as long as short |
| Extended XMR-USD | +0.1184% | 1h | 593.95 | +0.117% | $3.1M | $6.8M | 25x | as long as short |
| Hyperliquid XMR | +0.1588% | 1h | 594.31 | +0.178% | $86.9M | $65.9M | 5x | as long as short |
| HTX XMR-USDT | +0.2298% | 8h | 592.95 | −0.052% | $1.1M | $1.4M | 20x | as long as short |
| Aftermath Perps XMRUSD | +0.2325% | 1h | 594.34 | +0.183% | $2K | $47K | 10x | as long as short |
Binance XMRUSDT
MEXC XMR_USDT
BingX XMR-USDT
SoDEX XMR-USD
Gate XMR_USDT
Bitget XMRUSDT
BloFin XMR-USDT
dYdX XMR-USD
Aster XMRUSDT
KuCoin XMRUSDTM
Pacifica XMR
GRVT XMR_USDT_Perp
Paradex XMR-USD-PERP
GMX XMR/USD [WBTC.b-USDC]
Orderly PERP_XMR_USDC
Nado XMR-PERP
Extended XMR-USD
Hyperliquid XMR
HTX XMR-USDT
Aftermath Perps XMRUSD