Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0551%/8h= +60.4% APRpaid last 24h −0.490%

Price spread now: Kraken Futures against HTX−0.109%7-day average +0.151% · you buy dearer than you sell

Net, funding: paid 7d − costs−$335as in the Funding arb table

Net, price: spread back to 7d avg − costs−$168as in the Price arb table

costs, in and out, $10k−$1421.420% of the position

Long on HTX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−1.934%−$193 on $10k

Price spread, last 3 days (all we have)+0.568%+$57 · spread now −0.109%, 7d avg +0.151%

Together, before fees−1.365%−$137 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.260% cheaper against HTX than usual: you would sell low and buy high (spread −0.109% now, against its 7-day average of +0.151%). If the spread goes back, that is −$26 on $10k: about 38 hours of funding at the current rate (+$17 a day). Mind the row above: over the last 7 days funding on this pair cost −1.934%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XMR-USDT	584.49	0.0100	pay 0.0100% / 8h	7h 01m	$1.1M	$1.6M	20x
Short	Kraken Futures PF_XMRUSD	583.85	0.0651	get 0.0081% / 1h	1m 04s	$5.5M	$20.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against HTX. 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 HTXbpFee Kraken FuturesbpOrdersPrice spread, now −0.109%Rate

Funding earned: $115.79
Price spread: −0.109% → +0.151%: −$26.02
Slippage, 4 orders: −$119.99
Fee HTX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$52.23
Costs to cover: 1.420%
Break-even: 10.2 days

Slippage from HTX: live order book, 3 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 HTX live order book, 3 min ago	7.42 bp	32.8 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	11.34 bp	32.3 bp −$32	47.1 bp −$471	150.0 bp −$15.0K	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	584.02	−0.080%	$34K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+2.099%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	587.16	+0.456%	$1.0M	$663K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	584.33	−0.027%	$2K	$2.0M	20x	as long as short
HTX XMR-USDTlong	+0.0100%	8h	584.49	long leg	$1.1M	$1.6M	20x
dYdX XMR-USD	+0.0144%	1h	584.13	−0.061%	$106K	$50K	5x	as long as short
Aevo XMR-PERP	+0.0192%	1h	585.16	+0.115%	$12K	—	3x	as long as short
Binance XMRUSDT	+0.0432%	8h	585.29	+0.137%	$53.4M	$167.2M	75x	as long as short
MEXC XMR_USDT	+0.0436%	8h	585.10	+0.104%	$21.2M	$15.3M	100x	as long as short
Bitget XMRUSDT	+0.0562%	8h	585.14	+0.111%	$9.6M	$14.4M	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	+0.0600%	8h	584.80	+0.053%	$1.6M	$4.7M	50x	as long as short
Aster XMRUSDT	+0.0627%	8h	584.73	+0.041%	$648K	$2.5M	75x	as long as short
BloFin XMR-USDT	+0.0628%	8h	585.17	+0.116%	$2.7M	$11.5M	75x	as long as short
Kraken Futures PF_XMRUSDshort	+0.0651%	1h	583.85	−0.109%	$5.5M	$20.5M	50x
Pacifica XMR	+0.0659%	1h	585.28	+0.135%	$269K	$1.1M	10x	as long as short
KuCoin XMRUSDTM	+0.0719%	8h	585.41	+0.157%	$48.0M	$26.0M	50x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0895% / S −0.2606%	1h	583.93	−0.095%	$545K	—	100x	as long as short
Variational Omni XMR	+0.0941%	8h	585.38	+0.153%	$6.7M	$2.6M	—	as long as short
Backpack XMR_USDC_PERP	+0.0949%	1h	584.37	−0.021%	$183K	$535K	20x	as long as short
GRVT XMR_USDT_Perp	+0.0961%	8h	589.16	+0.799%	$342K	$792K	10x	as long as short
Orderly PERP_XMR_USDC	+0.1042%	8h	585.03	+0.092%	$42K	$733K	10x	as long as short
Polymarket Perps XMR-USD	+0.1074%	1h	584.86	+0.063%	$50K	$1.9M	5x	as long as short
Lighter XMR	+0.1112%	1h	585.05	+0.096%	$3.3M	$7.2M	10x	as long as short
BingX XMR-USDT	+0.1137%	8h	585.30	+0.139%	—	$5.8M	—	as long as short
Bybit XMRUSDT	+0.1146%	8h	585.89	+0.240%	$47.0M	$64.8M	75x	as long as short
SoDEX XMR-USD	+0.1242%	1h	585.08	+0.101%	$445K	$3K	5x	as long as short
Paradex XMR-USD-PERP	+0.1246%	8h	585.29	+0.137%	$8K	$4K	20x	as long as short
Nado XMR-PERP	+0.1363%	1h	585.29	+0.136%	$1.3M	$464K	10x	as long as short
Hyperliquid XMR	+0.1845%	1h	585.14	+0.112%	$88.8M	$72.8M	5x	as long as short
Extended XMR-USD	+0.2336%	1h	585.06	+0.097%	$3.1M	$8.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2664%	1h	585.98	+0.254%	$1K	$46K	10x	as long as short