XMR

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0367%/8h= −40.1% APRnext payment −$0.46 per $10,000 · paid last 24h +0.053%

Price spread now: Kraken Futures against Pacifica−0.120%7-day average −0.158% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$590.591% of the position

Long on Pacifica Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.215%+$21 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.120%, 7d avg −0.158%

Together, before fees+0.214%+ Points / potential airdropPacifica: Active · farm board+$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.038% dearer against Pacifica than usual: you sell high and buy low (spread −0.120% now, against its 7-day average of −0.158%): +$4 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 8 hours. Mind the row above: over the last 7 days funding on this pair paid +0.215%, 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 0.215% in total (about 11.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.46 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	Pacifica XMR	572.17	0.1002	pay 0.0125% / 1h	36m 38s	$264K	$927K	10x
Short	Kraken Futures PF_XMRUSD	571.48	0.0635	get 0.0079% / 1h	36m 38s	$5.4M	$16.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Pacifica. 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 PacificabpFee Kraken FuturesbpOrdersPrice spread, now −0.120%Rate

Funding earned: −$76.98
Price spread: −0.120% → −0.158%: $3.75
Slippage, 4 orders: −$41.11
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$132.34
Costs to cover: 0.591%
Break-even: never at this rate

Slippage from Pacifica: live order book, 22 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 Pacifica live order book, 22 min ago	0.96 bp	11.4 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	6.04 bp	25.4 bp −$25	41.6 bp −$416	121.1 bp −$12.1K	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 −0.0004%	1h	571.15	−0.179%	$32K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.814%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	572.89	+0.125%	$1.0M	$632K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	571.81	−0.063%	$2K	$1.6M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	572.22	+0.008%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0240%	1h	572.62	+0.078%	$12K	—	3x	as long as short
Lighter XMR	+0.0320%	1h	572.10	−0.013%	$3.1M	$6.2M	10x	as long as short
KuCoin XMRUSDTM	+0.0325%	8h	571.97	−0.035%	$45.1M	$23.7M	50x	as long as short
Extended XMR-USD	+0.0400%	1h	571.98	−0.034%	$3.0M	$8.4M	25x	as long as short
Polymarket Perps XMR-USD	+0.0486%	1h	572.19	+0.003%	$22K	$2.0M	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX XMR-USD	+0.0528%	1h	571.50	−0.118%	$103K	$43K	5x	as long as short
Bitget XMRUSDT	+0.0587%	8h	572.38	+0.036%	$9.4M	$12.0M	50x	as long as short
BingX XMR-USDT	+0.0618%	8h	574.11	+0.339%	—	$5.4M	—	as long as short
MEXC XMR_USDT	+0.0634%	8h	572.19	+0.003%	$20.0M	$14.4M	100x	as long as short
Binance XMRUSDT	+0.0634%	8h	572.37	+0.035%	$52.1M	$139.9M	75x	as long as short
Kraken Futures PF_XMRUSDshort	+0.0635%	1h	571.48	−0.120%	$5.4M	$16.9M	50x
Bybit XMRUSDT	+0.0647%	8h	572.40	+0.040%	$46.4M	$60.6M	75x	as long as short
Gate XMR_USDT	+0.0659%	8h	571.71	−0.081%	$1.5M	$3.3M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0779%	1h	571.80	−0.065%	$174K	$524K	20x	as long as short
Aster XMRUSDT	+0.0790%	8h	571.82	−0.062%	$633K	$2.0M	75x	as long as short
Hyperliquid XMR	+0.0834%	1h	572.04	−0.023%	$86.6M	$65.8M	5x	as long as short
Paradex XMR-USD-PERP	+0.0839%	8h	572.51	+0.059%	$8K	$3K	20x	as long as short
SoDEX XMR-USD	+0.0955%	1h	572.32	+0.026%	$435K	$3K	5x	as long as short
Pacifica XMRlong	+0.1002%	1h	572.17	long leg	$264K	$927K	10x
GRVT XMR_USDT_Perp	+0.1002%	8h	574.38	+0.386%	$343K	$711K	10x	as long as short
BloFin XMR-USDT	+0.1054%	8h	572.22	+0.008%	$2.7M	$10.8M	75x	as long as short
Nado XMR-PERP	+0.1058%	1h	572.31	+0.024%	$1.3M	$445K	10x	as long as short
Variational Omni XMR	+0.1127%	8h	574.55	+0.416%	$6.2M	$2.4M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1128% / S −0.1498%	1h	571.19	−0.171%	$598K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1185%	8h	572.19	+0.003%	$40K	$599K	10x	as long as short
Aftermath Perps XMRUSD	+0.1967%	1h	573.10	+0.163%	$2K	$41K	10x	as long as short