Funding you earn now, next payment 00:00 UTC−0.0241%/8h= −26.4% APRnext payment −$2.41 per $10,000 · paid last 24h +0.074%
Price spread now: Binance against KuCoin+0.039%7-day average +0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$620.615% of the position
Funding, last 7 days+0.115%+$12 on $10k
+Price spread, last 7 days−0.013%−$1 · spread now +0.039%, 7d avg +0.071%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Binance is 0.033% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.071%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.115%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.115% in total (about 6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.41 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 | KuCoin XMRUSDTM | 596.77 | 0.0601 | pay 0.0601% / 8h | 2h 22m | $49.5M | $25.5M | 50x |
| Short | Binance XMRUSDT | 597.00 | 0.0360 | get 0.0360% / 8h | 2h 22m | $54.7M | $162.3M | 75x |
KuCoin XMRUSDTM
Binance XMRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$50.68
- Price spread: +0.039% → +0.071%
- −$3.29
- Slippage, 4 orders
- −$39.5
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$115.46
- Costs to cover
- 0.615%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 6 min ago; Binance: live order book, 5 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 KuCoin live order book, 6 min ago | 4.04 bp | 20.5 bp −$20 | 48.2 bp −$482 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 1.68 bp | 11.4 bp −$11 | 25.6 bp −$256 | 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 | 596.63 | −0.024% | $45K | — | 150x | as long as short |
| Injective XMR/USDC PERP | +0.0033% | 1h | 591.89 | −0.818% | $3K | $6K | 12x | as long as short |
| Bybit XMRUSDT | +0.0100% | 8h | 596.90 | +0.022% | $48.0M | $61.0M | 75x | as long as short |
| edgeX XMRUSDC | +0.0100% | 4h | 594.30 | −0.414% | $1.1M | $671K | 10x | as long as short |
| SunX XMR-USDT | +0.0100% | 8h | 596.30 | −0.079% | $2K | $1.9M | 20x | as long as short |
| Aevo XMR-PERP | +0.0168% | 1h | 596.09 | −0.115% | $12K | — | 3x | as long as short |
| Backpack XMR_USDC_PERP | +0.0215% | 1h | 596.95 | +0.030% | $203K | $576K | 20x | as long as short |
| Variational Omni XMR | +0.0280% | 8h | 593.48 | −0.551% | $6.9M | $2.8M | — | as long as short |
| Lighter XMR | +0.0304% | 1h | 596.90 | +0.021% | $3.5M | $6.7M | 10x | as long as short |
| Polymarket Perps XMR-USD | +0.0307% | 1h | 596.93 | +0.027% | $26K | $1.8M | 5x | as long as short |
gTrade (Gains Network) XMR/USD
Injective XMR/USDC PERP
Bybit XMRUSDT
edgeX XMRUSDC
SunX XMR-USDT
Aevo XMR-PERP
Backpack XMR_USDC_PERP
Variational Omni XMR
Lighter XMR
Polymarket Perps XMR-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC XMR_USDT | +0.0355% | 8h | 596.41 | −0.060% | $22.7M | $15.3M | 100x | as long as short |
| Binance XMRUSDTshort | +0.0360% | 8h | 597.00 | +0.039% | $54.7M | $162.3M | 75x | |
| BingX XMR-USDT | +0.0372% | 8h | 597.07 | +0.050% | — | $5.8M | — | as long as short |
| Bitget XMRUSDT | +0.0388% | 8h | 597.15 | +0.064% | $9.9M | $14.1M | 50x | as long as short |
| Gate XMR_USDT | +0.0392% | 8h | 596.41 | −0.060% | $1.6M | $4.5M | 50x | as long as short |
| SoDEX XMR-USD | +0.0448% | 1h | 597.20 | +0.072% | $454K | $3K | 5x | as long as short |
| BloFin XMR-USDT | +0.0508% | 8h | 597.21 | +0.074% | $2.8M | $11.4M | 75x | as long as short |
| Aster XMRUSDT | +0.0542% | 8h | 597.61 | +0.141% | $677K | $2.3M | 75x | as long as short |
| dYdX XMR-USD | +0.0595% | 1h | 595.81 | −0.161% | $108K | $50K | 5x | as long as short |
| KuCoin XMRUSDTMlong | +0.0601% | 8h | 596.77 | long leg | $49.5M | $25.5M | 50x | |
| Kraken Futures PF_XMRUSD | +0.0610% | 1h | 596.29 | −0.081% | $5.7M | $20.4M | 50x | as long as short |
| GRVT XMR_USDT_Perp | +0.0612% | 8h | 592.89 | −0.651% | $348K | $782K | 10x | as long as short |
| Pacifica XMR | +0.0619% | 1h | 597.13 | +0.060% | $270K | $1.0M | 10x | as long as short |
| Paradex XMR-USD-PERP | +0.0766% | 8h | 597.52 | +0.126% | $8K | $4K | 20x | as long as short |
| GMX XMR/USD [WBTC.b-USDC] | L +0.0864% / S −0.1487% | 1h | 596.19 | −0.097% | $369K | — | 100x | as long as short |
| Orderly PERP_XMR_USDC | +0.0892% | 8h | 596.86 | +0.015% | $48K | $724K | 10x | as long as short |
| Nado XMR-PERP | +0.0918% | 1h | 596.62 | −0.025% | $1.3M | $478K | 10x | as long as short |
| Extended XMR-USD | +0.1208% | 1h | 597.06 | +0.049% | $3.1M | $6.8M | 25x | as long as short |
| Hyperliquid XMR | +0.1635% | 1h | 597.84 | +0.179% | $87.3M | $66.0M | 5x | as long as short |
| HTX XMR-USDT | +0.2264% | 8h | 593.00 | −0.632% | $1.1M | $1.4M | 20x | as long as short |
| Aftermath Perps XMRUSD | +0.2325% | 1h | 594.74 | −0.340% | $2K | $47K | 10x | as long as short |
MEXC XMR_USDT
BingX XMR-USDT
Bitget XMRUSDT
Gate XMR_USDT
SoDEX XMR-USD
BloFin XMR-USDT
Aster XMRUSDT
dYdX XMR-USD
Kraken Futures PF_XMRUSD
GRVT XMR_USDT_Perp
Pacifica XMR
Paradex XMR-USD-PERP
GMX XMR/USD [WBTC.b-USDC]
Orderly PERP_XMR_USDC
Nado XMR-PERP
Extended XMR-USD
Hyperliquid XMR
HTX XMR-USDT
Aftermath Perps XMRUSD