Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0330%/8h= +36.2% APRpaid last 24h −0.082%

Price spread now: Binance against Kraken Futures+0.211%7-day average +0.168% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$680.682% of the position

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.293%−$29 on $10k

Price spread, last 4 days (all we have)−0.076%−$8 · spread now +0.211%, 7d avg +0.168%

Together, before fees−0.369%−$37 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Binance is 0.043% dearer against Kraken Futures than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.168%. Mind the row above: over the last 7 days funding on this pair cost −0.293%, 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	Kraken Futures PF_XMRUSD	573.68	0.0149	pay 0.0019% / 1h	38m 11s	$5.4M	$19.5M	50x
Short	Binance XMRUSDT	574.89	0.0480	get 0.0480% / 8h	4h 38m	$52.4M	$164.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Kraken Futures. 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 Kraken FuturesbpFee BinancebpOrdersPrice spread, now +0.211%Rate

Funding earned: $69.34
Price spread: +0.211% → +0.168%: $4.34
Slippage, 4 orders: −$48.21
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $5.47
Costs to cover: 0.682%
Break-even: 6.4 days

Slippage from Kraken Futures: live order book, 1 min ago; Binance: live order book, 5 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 Kraken Futures live order book, 1 min ago	7.74 bp	17.8 bp −$18	26.3 bp −$263	112.7 bp −$11.3K	doesn't fit
Sell Binance live order book, 5 min ago	0.09 bp	13.4 bp −$13	27.2 bp −$272	doesn't fit	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
Injective XMR/USDC PERP	−0.0136%	1h	582.55	+1.546%	$3K	$3K	12x	as long as short
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0010%	1h	574.16	+0.083%	$45K	—	150x	as long as short
Lighter XMR	+0.0096%	1h	574.26	+0.102%	$3.3M	$7.4M	10x	as long as short
edgeX XMRUSDC	+0.0100%	4h	576.73	+0.532%	$1.0M	$653K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	574.31	+0.110%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	575.00	+0.230%	$1.1M	$1.6M	20x	as long as short
Kraken Futures PF_XMRUSDlong	+0.0149%	1h	573.68	long leg	$5.4M	$19.5M	50x
Polymarket Perps XMR-USD	+0.0153%	1h	575.44	+0.307%	$19K	$2.2M	5x	as long as short
Aevo XMR-PERP	+0.0200%	1h	575.24	+0.273%	$12K	—	3x	as long as short
Gate XMR_USDT	+0.0388%	8h	574.68	+0.174%	$1.5M	$4.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit XMRUSDT	+0.0409%	8h	574.95	+0.221%	$46.7M	$64.0M	75x	as long as short
Backpack XMR_USDC_PERP	+0.0442%	1h	574.34	+0.115%	$168K	$534K	20x	as long as short
Binance XMRUSDTshort	+0.0480%	8h	574.89	+0.211%	$52.4M	$164.7M	75x
MEXC XMR_USDT	+0.0482%	8h	574.78	+0.192%	$20.2M	$15.0M	100x	as long as short
BingX XMR-USDT	+0.0534%	8h	574.94	+0.220%	—	$5.7M	—	as long as short
dYdX XMR-USD	+0.0535%	1h	574.78	+0.192%	$104K	$44K	5x	as long as short
Bitget XMRUSDT	+0.0547%	8h	575.09	+0.246%	$9.4M	$14.0M	50x	as long as short
KuCoin XMRUSDTM	+0.0565%	8h	574.18	+0.087%	$45.0M	$26.5M	50x	as long as short
Pacifica XMR	+0.0626%	1h	575.80	+0.370%	$266K	$1.1M	10x	as long as short
Extended XMR-USD	+0.0672%	1h	574.81	+0.197%	$3.1M	$8.4M	25x	as long as short
Aster XMRUSDT	+0.0683%	8h	575.00	+0.230%	$641K	$2.4M	75x	as long as short
Hyperliquid XMR	+0.0691%	1h	574.71	+0.180%	$86.4M	$70.9M	5x	as long as short
Nado XMR-PERP	+0.0698%	1h	575.33	+0.287%	$1.3M	$465K	10x	as long as short
BloFin XMR-USDT	+0.0743%	8h	576.03	+0.410%	$2.7M	$11.2M	75x	as long as short
Paradex XMR-USD-PERP	+0.0767%	8h	576.03	+0.410%	$8K	$4K	20x	as long as short
SoDEX XMR-USD	+0.0831%	1h	574.94	+0.220%	$437K	$3K	5x	as long as short
GRVT XMR_USDT_Perp	+0.0848%	8h	577.61	+0.685%	$346K	$742K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0990% / S −0.1253%	1h	573.88	+0.035%	$591K	—	100x	as long as short
Variational Omni XMR	+0.1031%	8h	576.29	+0.455%	$6.6M	$2.2M	—	as long as short
Orderly PERP_XMR_USDC	+0.1114%	8h	574.94	+0.220%	$40K	$720K	10x	as long as short
Aftermath Perps XMRUSD	+0.2192%	1h	576.19	+0.437%	$1K	$44K	10x	as long as short