Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0283%/8h= +30.9% APRpaid last 24h +0.178%

Price spread now: Kraken Futures against SunX+0.004%7-day average −0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$970.975% of the position

Long on SunX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.632%+$63 on $10k

Price spread, last 3 days (all we have)−0.032%−$3 · spread now +0.004%, 7d avg −0.071%

Together, before fees+0.600%+$60 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Kraken Futures is 0.075% dearer against SunX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XMR-USDT	594.99	0.0100	pay 0.0100% / 8h	1h 31m	$2K	$1.9M	20x
Short	Kraken Futures PF_XMRUSD	595.01	0.0383	get 0.0048% / 1h	31m 44s	$5.7M	$20.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against SunX. 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 SunXbpFee Kraken FuturesbpOrdersPrice spread, now +0.004%Rate

Funding earned: $59.35
Price spread: +0.004% → −0.071%: $7.51
Slippage, 4 orders: −$79.47
Fee SunX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$30.61
Costs to cover: 0.975%
Break-even: 10.6 days

Slippage from SunX: live order book, 4 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 SunX live order book, 4 min ago	14.08 bp	37.6 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	11.47 bp	18.3 bp −$18	37.2 bp −$372	133.0 bp −$13.3K	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	594.87	−0.021%	$44K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	596.05	+0.178%	$48.3M	$61.6M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	596.31	+0.221%	$1.1M	$665K	10x	as long as short
SunX XMR-USDTlong	+0.0100%	8h	594.99	long leg	$2K	$1.9M	20x
Aevo XMR-PERP	+0.0160%	1h	595.12	+0.022%	$12K	—	3x	as long as short
Variational Omni XMR	+0.0259%	8h	597.65	+0.446%	$6.9M	$2.7M	—	as long as short
MEXC XMR_USDT	+0.0320%	8h	595.94	+0.160%	$22.3M	$15.0M	100x	as long as short
Binance XMRUSDT	+0.0325%	8h	595.98	+0.166%	$54.7M	$163.0M	75x	as long as short
BingX XMR-USDT	+0.0378%	8h	595.96	+0.163%	—	$5.7M	—	as long as short
Kraken Futures PF_XMRUSDshort	+0.0383%	1h	595.01	+0.004%	$5.7M	$20.4M	50x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica XMR	+0.0387%	1h	595.70	+0.119%	$270K	$1.0M	10x	as long as short
Bitget XMRUSDT	+0.0405%	8h	595.87	+0.148%	$9.9M	$14.2M	50x	as long as short
BloFin XMR-USDT	+0.0451%	8h	595.38	+0.066%	$2.8M	$11.5M	75x	as long as short
Gate XMR_USDT	+0.0518%	8h	595.20	+0.035%	$1.6M	$4.6M	50x	as long as short
KuCoin XMRUSDTM	+0.0526%	8h	594.76	−0.039%	$48.6M	$25.8M	50x	as long as short
Aster XMRUSDT	+0.0529%	8h	595.25	+0.044%	$673K	$2.3M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0592%	8h	594.92	−0.011%	$353K	$785K	10x	as long as short
Injective XMR/USDC PERP	+0.0695%	1h	596.76	+0.297%	$3K	$6K	12x	as long as short
Lighter XMR	+0.0696%	1h	595.55	+0.094%	$3.4M	$6.8M	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0807% / S −0.1288%	1h	594.69	−0.051%	$330K	—	100x	as long as short
Polymarket Perps XMR-USD	+0.0855%	1h	595.96	+0.163%	$23K	$1.8M	5x	as long as short
Paradex XMR-USD-PERP	+0.0858%	8h	595.77	+0.131%	$8K	$4K	20x	as long as short
SoDEX XMR-USD	+0.0911%	1h	596.04	+0.176%	$453K	$3K	5x	as long as short
Orderly PERP_XMR_USDC	+0.0928%	8h	595.62	+0.106%	$50K	$722K	10x	as long as short
Backpack XMR_USDC_PERP	+0.0941%	1h	595.35	+0.061%	$203K	$575K	20x	as long as short
dYdX XMR-USD	+0.1483%	1h	594.82	−0.029%	$108K	$50K	5x	as long as short
Nado XMR-PERP	+0.1499%	1h	595.62	+0.105%	$1.3M	$482K	10x	as long as short
Extended XMR-USD	+0.1840%	1h	595.84	+0.143%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.2048%	1h	596.71	+0.289%	$88.8M	$68.5M	5x	as long as short
HTX XMR-USDT	+0.2052%	8h	593.22	−0.297%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2493%	1h	596.00	+0.170%	$2K	$47K	10x	as long as short