XMR

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0512%/8h= −56.0% APRnext payment −$0.64 per $10,000 · paid last 24h +0.042%

Price spread now: Kraken Futures against GMX+0.108%66s7-day average +0.015% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.165%−$16 on $10k

Price spread, last 4 days (all we have)−0.092%−$9 · spread now +0.108%, 7d avg +0.015%

Together, before fees−0.256%−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.093% dearer against GMX than usual: you sell high and buy low (spread +0.108% now, against its 7-day average of +0.015%): +$9 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 3 days (−0.165% in total) that is about 47 hours. The two prices were read 66 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 3 days it paid -0.165% in total (about -17.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.64 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	GMX XMR/USD [WBTC.b-USDC]	573.49	L +0.1144% / S −0.1518%	pay 0.0143% / 1h	25m 43s	$595K	—	100x
Short	Kraken Futures PF_XMRUSD	574.11	0.0633	get 0.0079% / 1h	25m 43s	$5.4M	$15.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GMXbpFee Kraken FuturesbpOrdersPrice spread, now +0.108%Rate

Funding earned: −$107.48
Price spread: +0.108% → +0.015%: $9.33
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$120.15
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 3 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 3 min ago	8.09 bp	18.3 bp −$18	36.6 bp −$366	123.8 bp −$12.4K	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	574.02	+0.091%	$32K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.579%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	575.25	+0.306%	$1.0M	$582K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	574.63	+0.198%	$2K	$1.5M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	574.85	+0.236%	$1.1M	$1.4M	20x	as long as short
Aevo XMR-PERP	+0.0240%	1h	575.19	+0.296%	$12K	—	3x	as long as short
Lighter XMR	+0.0296%	1h	575.73	+0.389%	$3.1M	$6.2M	10x	as long as short
Extended XMR-USD	+0.0320%	1h	575.58	+0.363%	$3.0M	$8.2M	25x	as long as short
KuCoin XMRUSDTM	+0.0321%	8h	575.50	+0.350%	$45.4M	$22.4M	50x	as long as short
Polymarket Perps XMR-USD	+0.0490%	1h	575.08	+0.277%	$20K	$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
Bitget XMRUSDT	+0.0598%	8h	576.04	+0.444%	$9.6M	$11.7M	50x	as long as short
BingX XMR-USDT	+0.0604%	8h	575.74	+0.392%	—	$5.4M	—	as long as short
dYdX XMR-USD	+0.0628%	1h	573.41	−0.015%	$104K	$43K	5x	as long as short
Bybit XMRUSDT	+0.0631%	8h	575.79	+0.400%	$46.7M	$58.4M	75x	as long as short
Binance XMRUSDT	+0.0631%	8h	576.02	+0.440%	$52.4M	$132.8M	75x	as long as short
MEXC XMR_USDT	+0.0632%	8h	575.93	+0.425%	$20.1M	$14.5M	100x	as long as short
Kraken Futures PF_XMRUSDshort	+0.0633%	1h	574.11	+0.108%	$5.4M	$15.2M	50x
Gate XMR_USDT	+0.0681%	8h	575.25	+0.306%	$1.6M	$3.3M	50x	as long as short
Aster XMRUSDT	+0.0790%	8h	574.86	+0.238%	$636K	$2.0M	75x	as long as short
Paradex XMR-USD-PERP	+0.0806%	8h	575.91	+0.422%	$8K	$3K	20x	as long as short
Hyperliquid XMR	+0.0813%	1h	575.63	+0.373%	$87.2M	$65.9M	5x	as long as short
SoDEX XMR-USD	+0.0961%	1h	575.32	+0.318%	$437K	$3K	5x	as long as short
Backpack XMR_USDC_PERP	+0.0970%	1h	575.03	+0.268%	$174K	$492K	20x	as long as short
Nado XMR-PERP	+0.0984%	1h	575.12	+0.284%	$1.3M	$444K	10x	as long as short
GRVT XMR_USDT_Perp	+0.0992%	8h	575.42	+0.336%	$343K	$711K	10x	as long as short
Pacifica XMR	+0.1002%	1h	575.84	+0.409%	$265K	$906K	10x	as long as short
BloFin XMR-USDT	+0.1046%	8h	574.94	+0.252%	$2.7M	$10.7M	75x	as long as short
Variational Omni XMR	+0.1088%	8h	575.02	+0.267%	$6.2M	$2.4M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]long	L +0.1144% / S −0.1518%	1h	573.49	long leg	$595K	—	100x
Orderly PERP_XMR_USDC	+0.1187%	8h	575.11	+0.282%	$40K	$588K	10x	as long as short
Aftermath Perps XMRUSD	+0.1912%	1h	575.06	+0.273%	$1K	$41K	10x	as long as short