XMR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0484%/8h= +53.0% APRnext payment +$0.61 per $10,000 · paid last 24h −0.037%

Price spread now: Polymarket Perps against Kraken Futures+0.039%7-day average +0.153% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$490.489% of the position

Long on Kraken Futures Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 3 days (all we have)+0.163%+$16 · spread now +0.039%, 7d avg +0.153%

Together, before fees+0.233%+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.114% cheaper against Kraken Futures than usual: you would sell low and buy high (spread +0.039% now, against its 7-day average of +0.153%). If the spread goes back, that is −$11 on $10k: about 19 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.070% in total) that is about 11 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.070% in total (about 3.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.61 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XMRUSD	588.95	0.0646	pay 0.0081% / 1h	8m 06s	$5.6M	$20.5M	50x
Short	Polymarket Perps XMR-USD	589.18	0.1130	get 0.0141% / 1h	8m 06s	$46K	$1.9M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.039%Rate

Funding earned: $101.71
Price spread: +0.039% → +0.153%: −$11.4
Slippage, 4 orders: −$30.91
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $41.41
Costs to cover: 0.489%
Break-even: 4.2 days

Slippage from Kraken Futures: live order book, 6 min ago; Polymarket Perps: live order book, 6 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, 6 min ago	8.44 bp	15.1 bp −$15	30.9 bp −$309	112.9 bp −$11.3K	doesn't fit
Sell Polymarket Perps live order book, 6 min ago	2.81 bp	6.9 bp −$7	7.8 bp −$78	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	588.69	−0.045%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.326%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	587.39	−0.265%	$1.0M	$661K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	588.06	−0.152%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	589.00	+0.008%	$1.1M	$1.6M	20x	as long as short
dYdX XMR-USD	+0.0130%	1h	587.59	−0.232%	$106K	$50K	5x	as long as short
Aevo XMR-PERP	+0.0192%	1h	589.78	+0.141%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0433%	8h	590.05	+0.186%	$21.4M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0433%	8h	590.21	+0.213%	$53.9M	$166.9M	75x	as long as short
Bitget XMRUSDT	+0.0564%	8h	589.76	+0.137%	$9.7M	$14.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin XMR-USDT	+0.0628%	8h	588.71	−0.041%	$2.7M	$11.5M	75x	as long as short
Aster XMRUSDT	+0.0629%	8h	589.14	+0.032%	$653K	$2.5M	75x	as long as short
Kraken Futures PF_XMRUSDlong	+0.0646%	1h	588.95	long leg	$5.6M	$20.5M	50x
Pacifica XMR	+0.0659%	1h	588.94	−0.002%	$271K	$1.1M	10x	as long as short
Gate XMR_USDT	+0.0715%	8h	589.45	+0.084%	$1.6M	$4.6M	50x	as long as short
KuCoin XMRUSDTM	+0.0724%	8h	589.59	+0.108%	$48.3M	$26.0M	50x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0871% / S −0.2461%	1h	588.55	−0.068%	$548K	—	100x	as long as short
Variational Omni XMR	+0.0908%	8h	587.73	−0.208%	$6.7M	$2.6M	—	as long as short
GRVT XMR_USDT_Perp	+0.0913%	8h	587.33	−0.275%	$347K	$792K	10x	as long as short
Backpack XMR_USDC_PERP	+0.0988%	1h	589.35	+0.067%	$185K	$535K	20x	as long as short
Orderly PERP_XMR_USDC	+0.1043%	8h	589.95	+0.169%	$43K	$739K	10x	as long as short
Polymarket Perps XMR-USDshort	+0.1130%	1h	589.18	+0.039%	$46K	$1.9M	5x
BingX XMR-USDT	+0.1136%	8h	590.10	+0.195%	—	$5.8M	—	as long as short
Lighter XMR	+0.1224%	1h	589.97	+0.173%	$3.3M	$7.2M	10x	as long as short
Bybit XMRUSDT	+0.1230%	8h	590.24	+0.219%	$47.5M	$64.6M	75x	as long as short
Paradex XMR-USD-PERP	+0.1272%	8h	588.52	−0.073%	$8K	$4K	20x	as long as short
SoDEX XMR-USD	+0.1300%	1h	590.09	+0.193%	$448K	$3K	5x	as long as short
Nado XMR-PERP	+0.1394%	1h	589.13	+0.030%	$1.3M	$464K	10x	as long as short
Hyperliquid XMR	+0.1915%	1h	590.21	+0.213%	$89.6M	$72.7M	5x	as long as short
Extended XMR-USD	+0.2424%	1h	590.03	+0.182%	$3.1M	$8.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2644%	1h	588.31	−0.109%	$1K	$46K	10x	as long as short