XMR

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0217%/8h= +23.7% APRnext payment +$0.27 per $10,000 · paid last 24h +0.037%

Price spread now: Kraken Futures against Lighter−0.135%7-day average −0.139% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$450.447% of the position

Long on Lighter Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.089%+$9 on $10k

Price spread, last 3 days (all we have)+0.005%+$1 · spread now −0.135%, 7d avg −0.139%

Together, before fees+0.094%+ Points / potential airdropLighter: Season 3 · farm board+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.139%, so right now this pair is about funding alone: +$7 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 0.089% in total (about 4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.27 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	Lighter XMR	590.17	0.1080	pay 0.0135% / 1h	20m 27s	$3.3M	$7.2M	10x
Short	Kraken Futures PF_XMRUSD	589.38	0.1297	get 0.0162% / 1h	20m 27s	$5.6M	$20.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Lighter. 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 LighterbpFee Kraken FuturesbpOrdersPrice spread, now −0.135%Rate

Funding earned: $45.53
Price spread: −0.135% → −0.139%: $0.46
Slippage, 4 orders: −$34.66
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $1.34
Costs to cover: 0.447%
Break-even: 6.8 days

Slippage from Lighter: live order book, 3 min ago; Kraken Futures: 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 Lighter live order book, 3 min ago	2.88 bp	3.7 bp −$4	10.8 bp −$108	120.0 bp −$12.0K	doesn't fit
Sell Kraken Futures live order book, 4 min ago	7.73 bp	21.1 bp −$21	34.9 bp −$349	145.7 bp −$14.6K	doesn't fit

XMR on 30 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 −0.0010%	1h	589.52	−0.110%	$35K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.117%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	588.88	−0.219%	$1.1M	$669K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	590.21	+0.007%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	587.96	−0.374%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	590.34	+0.030%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0433%	1h	588.32	−0.313%	$107K	$50K	5x	as long as short
MEXC XMR_USDT	+0.0522%	8h	590.22	+0.008%	$21.0M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0526%	8h	590.08	−0.015%	$53.9M	$168.3M	75x	as long as short
Bitget XMRUSDT	+0.0616%	8h	590.38	+0.036%	$9.6M	$14.2M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XMRUSDT	+0.0706%	8h	590.03	−0.024%	$658K	$2.5M	75x	as long as short
Gate XMR_USDT	+0.0760%	8h	589.39	−0.132%	$1.6M	$4.6M	50x	as long as short
KuCoin XMRUSDTM	+0.0785%	8h	589.90	−0.046%	$48.3M	$26.2M	50x	as long as short
Pacifica XMR	+0.0821%	1h	590.16	−0.001%	$273K	$1.1M	10x	as long as short
Bybit XMRUSDT	+0.0843%	8h	589.86	−0.053%	$47.6M	$65.0M	75x	as long as short
BingX XMR-USDT	+0.0853%	8h	590.48	+0.053%	—	$5.8M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0940% / S −0.1166%	1h	589.60	−0.097%	$657K	—	100x	as long as short
Backpack XMR_USDC_PERP	+0.1011%	1h	590.09	−0.014%	$185K	$534K	20x	as long as short
Variational Omni XMR	+0.1027%	8h	590.80	+0.106%	$6.7M	$2.9M	—	as long as short
Polymarket Perps XMR-USD	+0.1055%	1h	590.04	−0.022%	$33K	$2.1M	5x	as long as short
Orderly PERP_XMR_USDC	+0.1066%	8h	590.58	+0.069%	$42K	$736K	10x	as long as short
Lighter XMRlong	+0.1080%	1h	590.17	long leg	$3.3M	$7.2M	10x
GRVT XMR_USDT_Perp	+0.1103%	8h	588.79	−0.235%	$345K	$786K	10x	as long as short
Paradex XMR-USD-PERP	+0.1289%	8h	590.06	−0.019%	$8K	$4K	20x	as long as short
Kraken Futures PF_XMRUSDshort	+0.1297%	1h	589.38	−0.135%	$5.6M	$20.5M	50x
Nado XMR-PERP	+0.1503%	1h	590.27	+0.017%	$1.3M	$467K	10x	as long as short
Hyperliquid XMR	+0.1787%	1h	590.13	−0.007%	$89.2M	$73.7M	5x	as long as short
SoDEX XMR-USD	+0.1840%	1h	590.65	+0.081%	$449K	$3K	5x	as long as short
Extended XMR-USD	+0.2112%	1h	590.14	−0.005%	$3.2M	$8.3M	25x	as long as short
Aftermath Perps XMRUSD	+0.2769%	1h	588.90	−0.215%	$1K	$46K	10x	as long as short