Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1427%/8h= +156.3% APRpaid last 24h +0.655%

Price spread now: HTX against Kraken Futures+0.196%7-day average −0.155% · you sell dearer than you buy

Net, funding: paid 7d − costs+$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$1261.260% of the position

Long on Kraken Futures Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.780%+$178 on $10k

Price spread, last 3 days (all we have)−0.832%−$83 · spread now +0.196%, 7d avg −0.155%

Together, before fees+0.949%+$95 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$43 a day on $10k at the current rate, and HTX is 0.351% dearer against Kraken Futures than usual: you sell high and buy low: +$35 more if the spread goes back to its 7-day average of −0.155%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XMRUSD	591.15	0.0465	pay 0.0058% / 1h	20m 20s	$5.6M	$20.5M	50x
Short	HTX XMR-USDT	592.31	0.1892	get 0.1892% / 8h	20m 20s	$1.1M	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.196%Rate

Funding earned: $299.66
Price spread: +0.196% → −0.155%: $35.1
Slippage, 4 orders: −$103.97
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: $208.79
Costs to cover: 1.260%
Break-even: 2.1 days

Slippage from Kraken Futures: live order book, 4 min ago; HTX: live order book, 3 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, 4 min ago	5.34 bp	19.4 bp −$19	29.1 bp −$291	126.1 bp −$12.6K	doesn't fit
Sell HTX live order book, 3 min ago	11.26 bp	44.7 bp −$45	280.3 bp −$2,803	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	591.27	+0.020%	$44K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	592.78	+0.276%	$48.4M	$63.7M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	592.21	+0.180%	$1.1M	$664K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	591.83	+0.115%	$2K	$2.0M	20x	as long as short
Lighter XMR	+0.0152%	1h	592.48	+0.225%	$3.4M	$7.0M	10x	as long as short
Aevo XMR-PERP	+0.0160%	1h	592.32	+0.198%	$12K	—	3x	as long as short
Backpack XMR_USDC_PERP	+0.0230%	1h	591.96	+0.137%	$201K	$577K	20x	as long as short
MEXC XMR_USDT	+0.0310%	8h	592.41	+0.213%	$22.0M	$15.0M	100x	as long as short
Binance XMRUSDT	+0.0310%	8h	592.52	+0.232%	$54.2M	$165.2M	75x	as long as short
BingX XMR-USDT	+0.0413%	8h	592.61	+0.247%	—	$5.8M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0442%	8h	592.80	+0.279%	$9.7M	$14.5M	50x	as long as short
BloFin XMR-USDT	+0.0447%	8h	592.42	+0.215%	$2.8M	$11.6M	75x	as long as short
Kraken Futures PF_XMRUSDlong	+0.0465%	1h	591.15	long leg	$5.6M	$20.5M	50x
Gate XMR_USDT	+0.0475%	8h	591.85	+0.118%	$1.6M	$4.6M	50x	as long as short
Variational Omni XMR	+0.0497%	8h	592.75	+0.271%	$6.8M	$2.6M	—	as long as short
KuCoin XMRUSDTM	+0.0549%	8h	591.54	+0.066%	$48.4M	$26.1M	50x	as long as short
Pacifica XMR	+0.0565%	1h	592.80	+0.279%	$278K	$1.1M	10x	as long as short
Aster XMRUSDT	+0.0580%	8h	592.02	+0.147%	$661K	$2.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0585%	8h	592.52	+0.232%	$348K	$794K	10x	as long as short
Polymarket Perps XMR-USD	+0.0765%	1h	592.48	+0.225%	$21K	$1.7M	5x	as long as short
Paradex XMR-USD-PERP	+0.0840%	8h	592.62	+0.248%	$8K	$4K	20x	as long as short
SoDEX XMR-USD	+0.0853%	1h	592.51	+0.230%	$450K	$3K	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0870% / S −0.2449%	1h	591.13	−0.004%	$549K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0952%	8h	592.23	+0.183%	$42K	$733K	10x	as long as short
Nado XMR-PERP	+0.1140%	1h	592.84	+0.285%	$1.3M	$477K	10x	as long as short
Injective XMR/USDC PERP	+0.1312%	1h	596.76	+0.949%	$3K	$6K	12x	as long as short
Hyperliquid XMR	+0.1670%	1h	592.99	+0.311%	$89.2M	$71.5M	5x	as long as short
Extended XMR-USD	+0.1800%	1h	592.54	+0.235%	$3.2M	$7.0M	25x	as long as short
HTX XMR-USDTshort	+0.1892%	8h	592.31	+0.196%	$1.1M	$1.5M	20x
dYdX XMR-USD	+0.2181%	1h	591.11	−0.007%	$107K	$50K	5x	as long as short
Aftermath Perps XMRUSD	+0.2298%	1h	592.84	+0.287%	$2K	$46K	10x	as long as short