Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0332%/8h= −36.3% APRpaid last 24h +0.085%

Price spread now: Kraken Futures against Binance−0.168%7-day average −0.169% · 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−$61as in the Price arb table

costs, in and out, $10k−$610.609% of the position

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.295%+$30 on $10k

Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.168%, 7d avg −0.169%

Together, before fees+0.327%+$33 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.169%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.295%, 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	Binance XMRUSDT	572.44	0.0558	pay 0.0558% / 8h	3h 18m	$52.3M	$163.1M	75x
Short	Kraken Futures PF_XMRUSD	571.48	0.0226	get 0.0028% / 1h	18m 31s	$5.4M	$19.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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 BinancebpFee Kraken FuturesbpOrdersPrice spread, now −0.168%Rate

Funding earned: −$69.7
Price spread: −0.168% → −0.169%: $0.07
Slippage, 4 orders: −$40.86
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$130.48
Costs to cover: 0.609%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Kraken Futures: live order book, 6 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 Binance live order book, 10 min ago	0.09 bp	11.3 bp −$11	27.2 bp −$272	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 6 min ago	4.81 bp	23.6 bp −$24	43.7 bp −$437	128.0 bp −$12.8K	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 −0.0003%	1h	571.40	−0.181%	$37K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.766%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	573.51	+0.187%	$1.0M	$644K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	572.04	−0.070%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	572.86	+0.073%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0224%	1h	572.73	+0.051%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSDshort	+0.0226%	1h	571.48	−0.168%	$5.4M	$19.5M	50x
KuCoin XMRUSDTM	+0.0308%	8h	571.99	−0.079%	$45.0M	$26.4M	50x	as long as short
Paradex XMR-USD-PERP	+0.0390%	8h	572.67	+0.040%	$8K	$4K	20x	as long as short
Bitget XMRUSDT	+0.0518%	8h	572.55	+0.019%	$9.4M	$13.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XMR_USDT	+0.0530%	8h	572.28	−0.028%	$1.5M	$4.5M	50x	as long as short
MEXC XMR_USDT	+0.0558%	8h	572.50	+0.010%	$19.8M	$14.7M	100x	as long as short
Binance XMRUSDTlong	+0.0558%	8h	572.44	long leg	$52.3M	$163.1M	75x
BingX XMR-USDT	+0.0591%	8h	572.80	+0.063%	—	$5.6M	—	as long as short
Lighter XMR	+0.0592%	1h	572.43	−0.002%	$3.1M	$7.5M	10x	as long as short
Backpack XMR_USDC_PERP	+0.0614%	1h	572.00	−0.077%	$169K	$532K	20x	as long as short
Bybit XMRUSDT	+0.0631%	8h	572.43	−0.002%	$46.6M	$64.4M	75x	as long as short
Pacifica XMR	+0.0682%	1h	572.46	+0.003%	$265K	$1.0M	10x	as long as short
Extended XMR-USD	+0.0688%	1h	572.30	−0.024%	$3.1M	$8.3M	25x	as long as short
Aster XMRUSDT	+0.0709%	8h	572.42	−0.003%	$639K	$2.3M	75x	as long as short
Polymarket Perps XMR-USD	+0.0745%	1h	572.26	−0.031%	$29K	$2.2M	5x	as long as short
BloFin XMR-USDT	+0.0918%	8h	572.93	+0.086%	$2.7M	$11.1M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0962%	8h	573.47	+0.179%	$339K	$739K	10x	as long as short
dYdX XMR-USD	+0.0986%	1h	571.16	−0.224%	$103K	$44K	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0988% / S −0.1217%	1h	571.19	−0.218%	$595K	—	100x	as long as short
Nado XMR-PERP	+0.1113%	1h	572.37	−0.013%	$1.3M	$457K	10x	as long as short
Variational Omni XMR	+0.1135%	8h	573.72	+0.224%	$6.3M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1138%	8h	572.44	0.000%	$40K	$735K	10x	as long as short
Hyperliquid XMR	+0.1253%	1h	572.29	−0.026%	$86.3M	$71.2M	5x	as long as short
SoDEX XMR-USD	+0.1407%	1h	572.61	+0.030%	$435K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.1926%	1h	572.27	−0.030%	$1K	$43K	10x	as long as short