XMR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0501%/8h= −54.9% APRnext payment −$5.01 per $10,000 · paid last 24h −0.046%

Price spread now: Bybit against KuCoin+0.069%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$680.680% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.113%−$11 on $10k

Price spread, last 7 days−0.040%−$4 · spread now +0.069%, 7d avg +0.054%

Together, before fees−0.153%−$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.054%, so right now this pair is about funding alone: −$15 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.113% in total (about -5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.01 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	596.27	0.0601	pay 0.0601% / 8h	2h 23m	$49.5M	$25.4M	50x
Short	Bybit XMRUSDT	596.68	0.0100	get 0.0100% / 8h	2h 23m	$47.9M	$61.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$105.21
Price spread: +0.069% → +0.054%: $1.5
Slippage, 4 orders: −$45
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$171.71
Costs to cover: 0.680%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Bybit: live order book, 1 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 Bybit live order book, 1 min ago	2.68 bp	13.0 bp −$13	34.2 bp −$342	110.0 bp −$11.0K	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	+0.060%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	591.89	−0.735%	$3K	$6K	12x	as long as short
Bybit XMRUSDTshort	+0.0100%	8h	596.68	+0.069%	$47.9M	$61.0M	75x
edgeX XMRUSDC	+0.0100%	4h	594.30	−0.331%	$1.1M	$671K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	596.30	+0.005%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0168%	1h	596.09	−0.031%	$12K	—	3x	as long as short
Backpack XMR_USDC_PERP	+0.0184%	1h	594.95	−0.221%	$202K	$575K	20x	as long as short
Variational Omni XMR	+0.0280%	8h	593.48	−0.467%	$6.9M	$2.8M	—	as long as short
Lighter XMR	+0.0304%	1h	596.93	+0.111%	$3.5M	$6.7M	10x	as long as short
Polymarket Perps XMR-USD	+0.0307%	1h	596.93	+0.111%	$26K	$1.8M	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XMR_USDT	+0.0355%	8h	597.00	+0.122%	$22.7M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0356%	8h	597.46	+0.200%	$54.8M	$162.3M	75x	as long as short
BingX XMR-USDT	+0.0372%	8h	596.94	+0.112%	—	$5.8M	—	as long as short
Bitget XMRUSDT	+0.0388%	8h	597.06	+0.132%	$10.0M	$14.1M	50x	as long as short
Gate XMR_USDT	+0.0392%	8h	595.72	−0.092%	$1.6M	$4.5M	50x	as long as short
SoDEX XMR-USD	+0.0448%	1h	597.20	+0.156%	$454K	$3K	5x	as long as short
BloFin XMR-USDT	+0.0508%	8h	597.21	+0.158%	$2.8M	$11.4M	75x	as long as short
Aster XMRUSDT	+0.0542%	8h	596.62	+0.059%	$676K	$2.3M	75x	as long as short
dYdX XMR-USD	+0.0597%	1h	596.03	−0.040%	$108K	$50K	5x	as long as short
KuCoin XMRUSDTMlong	+0.0601%	8h	596.27	long leg	$49.5M	$25.4M	50x
Kraken Futures PF_XMRUSD	+0.0610%	1h	596.29	+0.003%	$5.7M	$20.4M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0612%	8h	592.89	−0.568%	$348K	$782K	10x	as long as short
Pacifica XMR	+0.0619%	1h	596.67	+0.068%	$270K	$1.0M	10x	as long as short
Paradex XMR-USD-PERP	+0.0770%	8h	596.71	+0.074%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0864% / S −0.1487%	1h	596.19	−0.014%	$369K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0892%	8h	596.86	+0.099%	$48K	$724K	10x	as long as short
Nado XMR-PERP	+0.0918%	1h	596.62	+0.059%	$1.3M	$478K	10x	as long as short
Extended XMR-USD	+0.1208%	1h	596.80	+0.088%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1636%	1h	597.67	+0.235%	$87.3M	$66.0M	5x	as long as short
HTX XMR-USDT	+0.2264%	8h	593.00	−0.548%	$1.1M	$1.4M	20x	as long as short
Aftermath Perps XMRUSD	+0.2325%	1h	594.74	−0.257%	$2K	$47K	10x	as long as short