Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h −0.111%

Price spread now: KuCoin against Kraken Futures+0.039%7-day average +0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$750.747% of the position

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.375%−$37 on $10k

Price spread, last 4 days (all we have)−0.039%−$4 · spread now +0.039%, 7d avg +0.084%

Together, before fees−0.414%−$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.045% cheaper against Kraken Futures than usual: you would sell low and buy high (spread +0.039% now, against its 7-day average of +0.084%). If the spread goes back, that is −$4 on $10k: about 13 days of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.375%, 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	571.78	0.0372	pay 0.0046% / 1h	21m 59s	$5.4M	$8.7M	50x
Short	KuCoin XMRUSDTM	572.00	0.0383	get 0.0383% / 8h	7h 21m	$45.3M	$17.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.039%Rate

Funding earned: $2.36
Price spread: +0.039% → +0.084%: −$4.48
Slippage, 4 orders: −$52.69
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$76.82
Costs to cover: 0.747%
Break-even: 234.9 days

Slippage from Kraken Futures: live order book, 2 min ago; KuCoin: live order book, 7 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	8.40 bp	20.9 bp −$21	32.8 bp −$328	123.1 bp −$12.3K	doesn't fit
Sell KuCoin live order book, 7 min ago	3.24 bp	22.0 bp −$22	53.4 bp −$534	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 −0.0005%	1h	571.43	−0.060%	$34K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.884%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	570.98	−0.140%	$1.0M	$532K	10x	as long as short
Polymarket Perps XMR-USD	+0.0100%	1h	571.19	−0.103%	$30K	$1.6M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	572.06	+0.050%	$2K	$1.2M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	570.14	−0.286%	$1.1M	$1.0M	20x	as long as short
Aevo XMR-PERP	+0.0192%	1h	572.72	+0.164%	$12K	—	3x	as long as short
Lighter XMR	+0.0288%	1h	572.37	+0.103%	$3.0M	$5.5M	10x	as long as short
Bybit XMRUSDT	+0.0289%	8h	572.79	+0.177%	$46.4M	$48.5M	75x	as long as short
Kraken Futures PF_XMRUSDlong	+0.0372%	1h	571.78	long leg	$5.4M	$8.7M	50x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XMRUSDTMshort	+0.0383%	8h	572.00	+0.039%	$45.3M	$17.4M	50x
Gate XMR_USDT	+0.0417%	8h	572.12	+0.060%	$1.6M	$2.7M	50x	as long as short
MEXC XMR_USDT	+0.0462%	8h	572.74	+0.168%	$20.0M	$9.7M	100x	as long as short
Binance XMRUSDT	+0.0464%	8h	572.91	+0.198%	$52.3M	$102.1M	75x	as long as short
Extended XMR-USD	+0.0496%	1h	572.65	+0.152%	$3.0M	$7.4M	25x	as long as short
Hyperliquid XMR	+0.0505%	1h	572.47	+0.121%	$86.8M	$57.5M	5x	as long as short
BingX XMR-USDT	+0.0525%	8h	573.07	+0.226%	—	$5.1M	—	as long as short
GRVT XMR_USDT_Perp	+0.0536%	8h	571.37	−0.071%	$335K	$620K	10x	as long as short
Pacifica XMR	+0.0550%	1h	572.41	+0.111%	$269K	$745K	10x	as long as short
Bitget XMRUSDT	+0.0561%	8h	572.66	+0.154%	$9.3M	$10.2M	50x	as long as short
Aster XMRUSDT	+0.0583%	8h	572.60	+0.144%	$656K	$1.5M	75x	as long as short
Paradex XMR-USD-PERP	+0.0654%	8h	572.31	+0.094%	$8K	$2K	20x	as long as short
Variational Omni XMR	+0.0764%	8h	570.37	−0.246%	$6.2M	$2.3M	—	as long as short
BloFin XMR-USDT	+0.0778%	8h	572.71	+0.163%	$2.7M	$9.8M	75x	as long as short
SoDEX XMR-USD	+0.0967%	1h	572.61	+0.146%	$435K	$4K	5x	as long as short
Nado XMR-PERP	+0.0976%	1h	572.59	+0.143%	$1.2M	$309K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1030% / S −0.1284%	1h	570.97	−0.141%	$595K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1089%	8h	572.64	+0.151%	$40K	$405K	10x	as long as short
Backpack XMR_USDC_PERP	+0.1228%	1h	572.46	+0.119%	$128K	$421K	20x	as long as short
dYdX XMR-USD	+0.1716%	1h	570.65	−0.197%	$103K	$28K	5x	as long as short
Aftermath Perps XMRUSD	+0.1997%	1h	571.88	+0.018%	$1K	$38K	10x	as long as short