Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0176%/8h= −19.3% APRpaid last 24h +0.106%

Price spread now: Kraken Futures against KuCoin−0.134%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$710.708% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.399%+$40 on $10k

Price spread, last 3 days (all we have)+0.120%+$12 · spread now −0.134%, 7d avg −0.073%

Together, before fees+0.518%+$52 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Kraken Futures is 0.061% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.073%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.399%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XMRUSDTM	597.53	0.0558	pay 0.0558% / 8h	1h 06m	$48.7M	$25.8M	50x
Short	Kraken Futures PF_XMRUSD	596.73	0.0382	get 0.0048% / 1h	6m 47s	$5.7M	$20.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.134%Rate

Funding earned: −$37.06
Price spread: −0.134% → −0.073%: −$6.08
Slippage, 4 orders: −$48.85
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$113.98
Costs to cover: 0.708%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Kraken Futures: live order book, 2 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, 2 min ago	3.43 bp	13.7 bp −$14	41.4 bp −$414	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	5.69 bp	20.8 bp −$21	42.2 bp −$422	133.8 bp −$13.4K	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	596.92	−0.101%	$45K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	597.89	+0.060%	$48.6M	$62.1M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	597.97	+0.073%	$1.1M	$664K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	597.01	−0.087%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0168%	1h	597.68	+0.025%	$12K	—	3x	as long as short
Binance XMRUSDT	+0.0330%	8h	598.00	+0.079%	$54.8M	$163.3M	75x	as long as short
Variational Omni XMR	+0.0330%	8h	598.31	+0.131%	$6.9M	$2.6M	—	as long as short
MEXC XMR_USDT	+0.0332%	8h	597.97	+0.074%	$22.3M	$15.0M	100x	as long as short
Kraken Futures PF_XMRUSDshort	+0.0382%	1h	596.73	−0.134%	$5.7M	$20.3M	50x
Pacifica XMR	+0.0387%	1h	598.07	+0.090%	$281K	$1.0M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX XMR-USDT	+0.0396%	8h	598.17	+0.107%	—	$5.7M	—	as long as short
Bitget XMRUSDT	+0.0420%	8h	597.67	+0.023%	$10.0M	$14.2M	50x	as long as short
BloFin XMR-USDT	+0.0468%	8h	597.82	+0.049%	$2.8M	$11.6M	75x	as long as short
Lighter XMR	+0.0504%	1h	597.60	+0.012%	$3.4M	$6.9M	10x	as long as short
Gate XMR_USDT	+0.0551%	8h	597.18	−0.059%	$1.7M	$4.6M	50x	as long as short
KuCoin XMRUSDTMlong	+0.0558%	8h	597.53	long leg	$48.7M	$25.8M	50x
Aster XMRUSDT	+0.0570%	8h	597.83	+0.050%	$685K	$2.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0615%	8h	598.15	+0.104%	$349K	$797K	10x	as long as short
Injective XMR/USDC PERP	+0.0695%	1h	596.76	−0.129%	$3K	$6K	12x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0810% / S −0.1291%	1h	597.00	−0.089%	$332K	—	100x	as long as short
SoDEX XMR-USD	+0.0827%	1h	597.80	+0.045%	$454K	$3K	5x	as long as short
Polymarket Perps XMR-USD	+0.0830%	1h	598.17	+0.107%	$23K	$1.8M	5x	as long as short
Paradex XMR-USD-PERP	+0.0852%	8h	597.95	+0.070%	$8K	$4K	20x	as long as short
Orderly PERP_XMR_USDC	+0.0954%	8h	597.67	+0.023%	$44K	$729K	10x	as long as short
Backpack XMR_USDC_PERP	+0.1017%	1h	597.27	−0.044%	$204K	$575K	20x	as long as short
Nado XMR-PERP	+0.1228%	1h	597.81	+0.046%	$1.3M	$475K	10x	as long as short
Extended XMR-USD	+0.1856%	1h	597.88	+0.059%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1931%	1h	598.40	+0.146%	$89.7M	$69.6M	5x	as long as short
HTX XMR-USDT	+0.1963%	8h	595.95	−0.264%	$1.1M	$1.5M	20x	as long as short
dYdX XMR-USD	+0.2075%	1h	596.67	−0.144%	$108K	$50K	5x	as long as short
Aftermath Perps XMRUSD	+0.2430%	1h	597.76	+0.038%	$2K	$47K	10x	as long as short