Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h −0.180%

Price spread now: GRVT against Kraken Futures−0.418%75s7-day average +0.144% · you buy dearer than you sell

Net, funding: paid 7d − costs−$2,075as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2,04820.484% of the position

Long on Kraken Futures Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.265%−$27 on $10k

Price spread, last 3 days (all we have)+0.519%+$52 · spread now −0.418%, 7d avg +0.144%

Together, before fees+0.253%+ Points / potential airdropGRVT: Active · farm board+$25 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.563% cheaper against Kraken Futures than usual: you would sell low and buy high, −$56 on $10k if it goes back to its 7-day average of +0.144%. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XMRUSD	595.38	0.0611	pay 0.0076% / 1h	22m 09s	$5.7M	$20.4M	50x
Short	GRVT XMR_USDT_Perp	592.89	0.0612	get 0.0612% / 8h	2h 22m	$348K	$782K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.418%Rate

Funding earned: $0.23
Price spread: −0.418% → +0.144%: −$56.27
Slippage, 4 orders: −$2,029.44
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$2,104.49
Costs to cover: 20.484%
Break-even: 64731.4 days

Slippage from Kraken Futures: live order book, 2 min ago; GRVT: live order book, 1 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	3.61 bp	16.7 bp −$17	35.1 bp −$351	164.7 bp −$16.5K	doesn't fit
Sell GRVT live order book, 1 min ago	2.52 bp	9.5 bp −$10	doesn't fit	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	595.91	+0.090%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	591.89	−0.586%	$3K	$6K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	596.02	+0.108%	$47.9M	$61.0M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	594.30	−0.181%	$1.1M	$671K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	595.08	−0.050%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0168%	1h	596.25	+0.147%	$12K	—	3x	as long as short
Backpack XMR_USDC_PERP	+0.0239%	1h	595.59	+0.036%	$203K	$576K	20x	as long as short
Variational Omni XMR	+0.0280%	8h	593.48	−0.318%	$6.9M	$2.8M	—	as long as short
Polymarket Perps XMR-USD	+0.0304%	1h	596.76	+0.232%	$26K	$1.8M	5x	as long as short
Lighter XMR	+0.0304%	1h	596.14	+0.128%	$3.5M	$6.7M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XMR_USDT	+0.0355%	8h	596.43	+0.177%	$22.7M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0360%	8h	596.32	+0.159%	$54.7M	$162.3M	75x	as long as short
BingX XMR-USDT	+0.0371%	8h	596.04	+0.111%	—	$5.8M	—	as long as short
Bitget XMRUSDT	+0.0387%	8h	596.27	+0.150%	$9.9M	$14.2M	50x	as long as short
Gate XMR_USDT	+0.0392%	8h	595.96	+0.098%	$1.6M	$4.5M	50x	as long as short
SoDEX XMR-USD	+0.0440%	1h	596.48	+0.185%	$453K	$3K	5x	as long as short
BloFin XMR-USDT	+0.0508%	8h	597.21	+0.308%	$2.8M	$11.4M	75x	as long as short
Aster XMRUSDT	+0.0542%	8h	596.56	+0.199%	$676K	$2.3M	75x	as long as short
dYdX XMR-USD	+0.0595%	1h	595.81	+0.073%	$108K	$50K	5x	as long as short
KuCoin XMRUSDTM	+0.0599%	8h	595.87	+0.083%	$49.3M	$25.5M	50x	as long as short
Kraken Futures PF_XMRUSDlong	+0.0611%	1h	595.38	long leg	$5.7M	$20.4M	50x
GRVT XMR_USDT_Perpshort	+0.0612%	8h	592.89	−0.418%	$348K	$782K	10x
Pacifica XMR	+0.0619%	1h	597.13	+0.294%	$270K	$1.0M	10x	as long as short
Paradex XMR-USD-PERP	+0.0766%	8h	597.52	+0.360%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0864% / S −0.1487%	1h	596.00	+0.105%	$369K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0894%	8h	596.50	+0.189%	$48K	$723K	10x	as long as short
Nado XMR-PERP	+0.0925%	1h	596.52	+0.192%	$1.3M	$478K	10x	as long as short
Extended XMR-USD	+0.1216%	1h	596.27	+0.151%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1630%	1h	597.38	+0.336%	$87.2M	$66.1M	5x	as long as short
HTX XMR-USDT	+0.2261%	8h	594.00	−0.231%	$1.1M	$1.4M	20x	as long as short
Aftermath Perps XMRUSD	+0.2321%	1h	594.94	−0.074%	$2K	$47K	10x	as long as short