XMR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0499%/8h= +54.7% APRnext payment +$0.62 per $10,000 · paid last 24h +0.033%

Price spread now: Kraken Futures against Polymarket Perps−0.320%48s7-day average −0.157% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$370.371% of the position

Long on Polymarket Perps Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 4 days (all we have)+0.226%+$23 · spread now −0.320%, 7d avg −0.157%

Together, before fees+0.156%+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.163% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.320% now, against its 7-day average of −0.157%). If the spread goes back, that is −$16 on $10k: about 26 hours of funding at the current rate (+$15 a day). Mind the row above: over the last 7 days funding on this pair cost −0.070%, so the current rate has only just turned in your favour. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.070% in total (about -3.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.62 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	Polymarket Perps XMR-USD	583.64	0.0459	pay 0.0057% / 1h	31m 21s	$31K	$2.1M	5x
Short	Kraken Futures PF_XMRUSD	581.77	0.0959	get 0.0120% / 1h	31m 21s	$5.5M	$19.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Polymarket Perps. 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 Polymarket PerpsbpFee Kraken FuturesbpOrdersPrice spread, now −0.320%Rate

Funding earned: $104.83
Price spread: −0.320% → −0.157%: −$16.34
Slippage, 4 orders: −$19.05
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $51.44
Costs to cover: 0.371%
Break-even: 3.6 days

Slippage from Polymarket Perps: live order book, 2 min ago; Kraken Futures: live order book, 3 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 Polymarket Perps live order book, 2 min ago	2.92 bp	7.0 bp −$7	7.9 bp −$79	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	3.01 bp	14.5 bp −$15	41.3 bp −$413	174.1 bp −$17.4K	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 −0.0010%	1h	582.63	−0.174%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	−0.187%	$3K	$6K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	583.28	−0.062%	$1.0M	$658K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	582.81	−0.142%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	582.76	−0.151%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	583.84	+0.035%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0323%	1h	582.27	−0.234%	$105K	$50K	5x	as long as short
Polymarket Perps XMR-USDlong	+0.0459%	1h	583.64	long leg	$31K	$2.1M	5x
MEXC XMR_USDT	+0.0519%	8h	584.04	+0.069%	$20.7M	$15.2M	100x	as long as short
Binance XMRUSDT	+0.0520%	8h	583.95	+0.053%	$53.2M	$166.4M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XMR	+0.0568%	1h	583.61	−0.006%	$3.3M	$7.1M	10x	as long as short
Gate XMR_USDT	+0.0586%	8h	583.29	−0.060%	$1.6M	$4.5M	50x	as long as short
BingX XMR-USDT	+0.0600%	8h	583.40	−0.041%	—	$5.7M	—	as long as short
Bitget XMRUSDT	+0.0608%	8h	584.13	+0.084%	$9.6M	$14.2M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0618%	1h	582.95	−0.118%	$171K	$538K	20x	as long as short
Bybit XMRUSDT	+0.0633%	8h	583.71	+0.012%	$47.4M	$64.4M	75x	as long as short
Aster XMRUSDT	+0.0717%	8h	583.63	−0.002%	$649K	$2.4M	75x	as long as short
KuCoin XMRUSDTM	+0.0776%	8h	583.19	−0.077%	$47.9M	$26.1M	50x	as long as short
BloFin XMR-USDT	+0.0793%	8h	583.85	+0.036%	$2.7M	$11.4M	75x	as long as short
Kraken Futures PF_XMRUSDshort	+0.0959%	1h	581.77	−0.320%	$5.5M	$19.6M	50x
Paradex XMR-USD-PERP	+0.0984%	8h	583.68	+0.007%	$8K	$4K	20x	as long as short
Nado XMR-PERP	+0.0987%	1h	584.14	+0.086%	$1.3M	$463K	10x	as long as short
Pacifica XMR	+0.0996%	1h	583.87	+0.039%	$265K	$1.1M	10x	as long as short
GRVT XMR_USDT_Perp	+0.0997%	8h	583.75	+0.019%	$346K	$766K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1023% / S −0.1367%	1h	582.66	−0.169%	$650K	—	100x	as long as short
Variational Omni XMR	+0.1083%	8h	582.84	−0.137%	$6.6M	$2.4M	—	as long as short
Orderly PERP_XMR_USDC	+0.1105%	8h	583.72	+0.014%	$42K	$734K	10x	as long as short
Hyperliquid XMR	+0.1141%	1h	583.98	+0.058%	$87.8M	$71.6M	5x	as long as short
Extended XMR-USD	+0.1264%	1h	583.83	+0.032%	$3.1M	$8.0M	25x	as long as short
SoDEX XMR-USD	+0.1329%	1h	583.54	−0.017%	$443K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.2567%	1h	583.08	−0.096%	$2K	$45K	10x	as long as short