Funding you earn now, next payment 07:00 UTC+0.0435%/8h= +47.6% APRpaid last 24h −0.023%
Price spread now: BloFin against Kraken Futures+0.125%57s7-day average +0.184% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$550.550% of the position
Funding, last 7 days+0.046%+$5 on $10k
+Price spread, last 4 days (all we have)+0.066%+$7 · spread now +0.125%, 7d avg +0.184%
=Funding pays, the price is against you. BloFin is 0.059% cheaper against Kraken Futures than usual: you would sell low and buy high (spread +0.125% now, against its 7-day average of +0.184%). If the spread goes back, that is −$6 on $10k: about 11 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.046% in total) that is about 8.9 days. The two prices were read 57 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 7 days it paid 0.046% in total (about 2.4% a year). A funding rate is set anew for every payment. 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 | Kraken Futures PF_XMRUSD | 573.84 | 0.0633 | pay 0.0079% / 1h | 52m 14s | $5.4M | $18.1M | 50x |
| Short | BloFin XMR-USDT | 574.56 | 0.1067 | get 0.1067% / 8h | 1h 52m | $2.7M | $11.0M | 75x |
Kraken Futures PF_XMRUSD
BloFin XMR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $91.26
- Price spread: +0.125% → +0.184%
- −$5.9
- Slippage, 4 orders
- −$33
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $30.37
- Costs to cover
- 0.550%
- Break-even
- 4.7 days
Slippage from Kraken Futures: live order book, 2 min ago; BloFin: live order book, 7 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, 2 min ago | 5.75 bp | 11.2 bp −$11 | 20.3 bp −$203 | 98.8 bp −$9,878 | doesn't fit |
| Sell BloFin live order book, 7 min ago | 2.00 bp | 13.7 bp −$14 | 30.6 bp −$306 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) XMR/USD | L +0.0010% / S −0.0003% | 1h | 573.82 | −0.004% | $38K | — | 150x | as long as short |
| Injective XMR/USDC PERP | +0.0033% | 1h | 582.55 | +1.518% | $3K | $3K | 12x | as long as short |
| edgeX XMRUSDC | +0.0100% | 4h | 574.66 | +0.143% | $1.0M | $633K | 10x | as long as short |
| SunX XMR-USDT | +0.0100% | 8h | 574.39 | +0.096% | $2K | $1.7M | 20x | as long as short |
| HTX XMR-USDT | +0.0100% | 8h | 574.22 | +0.066% | $1.1M | $1.5M | 20x | as long as short |
| dYdX XMR-USD | +0.0205% | 1h | 573.50 | −0.060% | $104K | $43K | 5x | as long as short |
| Aevo XMR-PERP | +0.0240% | 1h | 575.16 | +0.230% | $12K | — | 3x | as long as short |
| KuCoin XMRUSDTM | +0.0326% | 8h | 574.61 | +0.134% | $45.3M | $25.7M | 50x | as long as short |
| Lighter XMR | +0.0528% | 1h | 574.66 | +0.143% | $3.1M | $6.1M | 10x | as long as short |
| Extended XMR-USD | +0.0544% | 1h | 574.60 | +0.132% | $3.0M | $8.2M | 25x | as long as short |
gTrade (Gains Network) XMR/USD
Injective XMR/USDC PERP
edgeX XMRUSDC
SunX XMR-USDT
HTX XMR-USDT
dYdX XMR-USD
Aevo XMR-PERP
KuCoin XMRUSDTM
Lighter XMR
Extended XMR-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps XMR-USD | +0.0572% | 1h | 574.73 | +0.155% | $23K | $2.1M | 5x | as long as short |
| Bitget XMRUSDT | +0.0592% | 8h | 574.85 | +0.176% | $9.5M | $12.5M | 50x | as long as short |
| Kraken Futures PF_XMRUSDlong | +0.0633% | 1h | 573.84 | long leg | $5.4M | $18.1M | 50x | |
| Binance XMRUSDT | +0.0644% | 8h | 574.75 | +0.158% | $52.4M | $149.1M | 75x | as long as short |
| MEXC XMR_USDT | +0.0645% | 8h | 574.86 | +0.177% | $20.1M | $14.3M | 100x | as long as short |
| BingX XMR-USDT | +0.0663% | 8h | 574.75 | +0.158% | — | $5.5M | — | as long as short |
| Gate XMR_USDT | +0.0681% | 8h | 574.75 | +0.158% | $1.5M | $3.3M | 50x | as long as short |
| Bybit XMRUSDT | +0.0685% | 8h | 574.70 | +0.150% | $46.7M | $62.4M | 75x | as long as short |
| Backpack XMR_USDC_PERP | +0.0752% | 1h | 574.67 | +0.144% | $174K | $533K | 20x | as long as short |
| Aster XMRUSDT | +0.0803% | 8h | 574.73 | +0.155% | $638K | $2.1M | 75x | as long as short |
| Paradex XMR-USD-PERP | +0.0869% | 8h | 574.98 | +0.199% | $8K | $3K | 20x | as long as short |
| Hyperliquid XMR | +0.0901% | 1h | 574.85 | +0.176% | $87.0M | $67.3M | 5x | as long as short |
| SoDEX XMR-USD | +0.0982% | 1h | 574.75 | +0.158% | $437K | $3K | 5x | as long as short |
| Pacifica XMR | +0.1002% | 1h | 574.77 | +0.162% | $267K | $981K | 10x | as long as short |
| GRVT XMR_USDT_Perp | +0.1023% | 8h | 574.80 | +0.167% | $335K | $711K | 10x | as long as short |
| Nado XMR-PERP | +0.1031% | 1h | 575.21 | +0.238% | $1.3M | $446K | 10x | as long as short |
| BloFin XMR-USDTshort | +0.1067% | 8h | 574.56 | +0.125% | $2.7M | $11.0M | 75x | |
| GMX XMR/USD [WBTC.b-USDC] | L +0.1129% / S −0.1497% | 1h | 573.72 | −0.021% | $600K | — | 100x | as long as short |
| Variational Omni XMR | +0.1159% | 8h | 574.12 | +0.048% | $6.2M | $2.4M | — | as long as short |
| Orderly PERP_XMR_USDC | +0.1200% | 8h | 574.60 | +0.132% | $40K | $604K | 10x | as long as short |
| Aftermath Perps XMRUSD | +0.1960% | 1h | 574.89 | +0.183% | $1K | $42K | 10x | as long as short |
Polymarket Perps XMR-USD
Bitget XMRUSDT
Binance XMRUSDT
MEXC XMR_USDT
BingX XMR-USDT
Gate XMR_USDT
Bybit XMRUSDT
Backpack XMR_USDC_PERP
Aster XMRUSDT
Paradex XMR-USD-PERP
Hyperliquid XMR
SoDEX XMR-USD
Pacifica XMR
GRVT XMR_USDT_Perp
Nado XMR-PERP
GMX XMR/USD [WBTC.b-USDC]
Variational Omni XMR
Orderly PERP_XMR_USDC
Aftermath Perps XMRUSD