Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0157%/8h= −17.2% APRpaid last 24h −0.038%

Price spread now: MEXC against Kraken Futures+0.160%7-day average +0.166% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$670.666% of the position

Long on Kraken Futures Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.287%−$29 on $10k

Price spread, last 3 days (all we have)+0.003%$0 · spread now +0.160%, 7d avg +0.166%

Together, before fees−0.284%−$28 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.166%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XMRUSD	592.53	0.0464	pay 0.0058% / 1h	24m 42s	$5.6M	$20.5M	50x
Short	MEXC XMR_USDT	593.48	0.0307	get 0.0307% / 8h	24m 42s	$22.0M	$15.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.160%Rate

Funding earned: −$32.94
Price spread: +0.160% → +0.166%: −$0.6
Slippage, 4 orders: −$52.55
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$100.09
Costs to cover: 0.666%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; MEXC: live order book, 4 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	15.80 bp	21.1 bp −$21	34.2 bp −$342	295.3 bp −$29.5K	doesn't fit
Sell MEXC live order book, 4 min ago	0.17 bp	4.2 bp −$4	34.7 bp −$347	66.2 bp −$6,624	208.7 bp −$104.3K

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	593.20	+0.113%	$44K	—	150x	as long as short
Lighter XMR	+0.0096%	1h	593.06	+0.089%	$3.4M	$6.9M	10x	as long as short
Bybit XMRUSDT	+0.0100%	8h	594.15	+0.273%	$48.6M	$63.5M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	598.05	+0.932%	$1.1M	$662K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	593.32	+0.133%	$2K	$2.0M	20x	as long as short
Aevo XMR-PERP	+0.0160%	1h	593.76	+0.207%	$12K	—	3x	as long as short
Backpack XMR_USDC_PERP	+0.0163%	1h	593.06	+0.089%	$202K	$575K	20x	as long as short
Binance XMRUSDT	+0.0307%	8h	593.50	+0.164%	$54.4M	$164.9M	75x	as long as short
MEXC XMR_USDTshort	+0.0307%	8h	593.48	+0.160%	$22.0M	$15.0M	100x
BingX XMR-USDT	+0.0415%	8h	593.62	+0.184%	—	$5.7M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0435%	8h	593.33	+0.135%	$9.8M	$14.5M	50x	as long as short
BloFin XMR-USDT	+0.0439%	8h	593.59	+0.179%	$2.8M	$11.6M	75x	as long as short
Kraken Futures PF_XMRUSDlong	+0.0464%	1h	592.53	long leg	$5.6M	$20.5M	50x
Variational Omni XMR	+0.0466%	8h	595.11	+0.435%	$6.9M	$2.6M	—	as long as short
Gate XMR_USDT	+0.0475%	8h	593.27	+0.125%	$1.6M	$4.6M	50x	as long as short
KuCoin XMRUSDTM	+0.0562%	8h	592.94	+0.069%	$48.4M	$26.0M	50x	as long as short
Pacifica XMR	+0.0565%	1h	593.72	+0.201%	$278K	$1.1M	10x	as long as short
Aster XMRUSDT	+0.0579%	8h	592.84	+0.052%	$675K	$2.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0586%	8h	594.80	+0.383%	$349K	$794K	10x	as long as short
Polymarket Perps XMR-USD	+0.0699%	1h	594.46	+0.325%	$21K	$1.7M	5x	as long as short
SoDEX XMR-USD	+0.0749%	1h	593.71	+0.199%	$451K	$3K	5x	as long as short
Paradex XMR-USD-PERP	+0.0821%	8h	593.90	+0.230%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0872% / S −0.2449%	1h	593.01	+0.082%	$551K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0949%	8h	593.76	+0.207%	$43K	$729K	10x	as long as short
Nado XMR-PERP	+0.1136%	1h	594.12	+0.268%	$1.3M	$476K	10x	as long as short
Injective XMR/USDC PERP	+0.1312%	1h	596.76	+0.714%	$3K	$6K	12x	as long as short
Hyperliquid XMR	+0.1653%	1h	593.63	+0.185%	$89.7M	$71.1M	5x	as long as short
Extended XMR-USD	+0.1752%	1h	593.83	+0.219%	$3.2M	$7.0M	25x	as long as short
HTX XMR-USDT	+0.1938%	8h	594.00	+0.248%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2279%	1h	595.66	+0.529%	$2K	$47K	10x	as long as short
dYdX XMR-USD	+0.2427%	1h	592.54	+0.002%	$108K	$50K	5x	as long as short