Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0255%/8h= +28.0% APRpaid last 24h −0.037%

Price spread now: Gate against Kraken Futures+0.229%7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

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

costs, in and out, $10k−$800.802% of the position

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 4 days (all we have)−0.282%−$28 · spread now +0.229%, 7d avg +0.068%

Together, before fees−0.314%−$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Gate is 0.160% dearer against Kraken Futures than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.068%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.032% in total (about -1.7% 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	572.81	0.0226	pay 0.0028% / 1h	44m 54s	$5.4M	$19.4M	50x
Short	Gate XMR_USDT	574.12	0.0481	get 0.0481% / 8h	3h 44m	$1.6M	$4.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.229%Rate

Funding earned: $53.63
Price spread: +0.229% → +0.068%: $16.02
Slippage, 4 orders: −$55.24
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$10.6
Costs to cover: 0.802%
Break-even: 8.4 days

Slippage from Kraken Futures: live order book, 4 min ago; Gate: 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 Kraken Futures live order book, 4 min ago	10.04 bp	18.7 bp −$19	37.0 bp −$370	118.3 bp −$11.8K	doesn't fit
Sell Gate live order book, 3 min ago	7.66 bp	24.8 bp −$25	41.4 bp −$414	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 −0.0008%	1h	573.20	+0.068%	$50K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.700%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	574.21	+0.244%	$1.0M	$646K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	573.60	+0.138%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	574.44	+0.284%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0216%	1h	574.46	+0.287%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSDlong	+0.0226%	1h	572.81	long leg	$5.4M	$19.4M	50x
dYdX XMR-USD	+0.0306%	1h	573.64	+0.145%	$104K	$44K	5x	as long as short
KuCoin XMRUSDTM	+0.0368%	8h	573.52	+0.124%	$44.9M	$26.4M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0422%	1h	573.72	+0.159%	$169K	$533K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XMR_USDTshort	+0.0481%	8h	574.12	+0.229%	$1.6M	$4.5M	50x
Lighter XMR	+0.0488%	1h	574.04	+0.214%	$3.2M	$7.5M	10x	as long as short
BingX XMR-USDT	+0.0494%	8h	574.35	+0.269%	—	$5.6M	—	as long as short
Bitget XMRUSDT	+0.0508%	8h	574.38	+0.274%	$9.4M	$13.5M	50x	as long as short
MEXC XMR_USDT	+0.0524%	8h	574.29	+0.258%	$19.9M	$14.7M	100x	as long as short
Binance XMRUSDT	+0.0524%	8h	574.28	+0.256%	$52.5M	$163.4M	75x	as long as short
Bybit XMRUSDT	+0.0525%	8h	574.44	+0.284%	$46.8M	$64.3M	75x	as long as short
Pacifica XMR	+0.0682%	1h	574.28	+0.257%	$265K	$1.0M	10x	as long as short
Aster XMRUSDT	+0.0683%	8h	574.00	+0.208%	$636K	$2.3M	75x	as long as short
Extended XMR-USD	+0.0688%	1h	574.12	+0.229%	$3.1M	$8.4M	25x	as long as short
Polymarket Perps XMR-USD	+0.0738%	1h	573.91	+0.192%	$28K	$2.2M	5x	as long as short
BloFin XMR-USDT	+0.0856%	8h	574.34	+0.267%	$2.7M	$11.2M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0910%	8h	574.25	+0.252%	$337K	$728K	10x	as long as short
Paradex XMR-USD-PERP	+0.0935%	8h	574.34	+0.267%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0989% / S −0.1254%	1h	572.89	+0.013%	$590K	—	100x	as long as short
Variational Omni XMR	+0.1078%	8h	574.38	+0.274%	$6.5M	$2.2M	—	as long as short
Orderly PERP_XMR_USDC	+0.1122%	8h	574.19	+0.241%	$40K	$735K	10x	as long as short
Nado XMR-PERP	+0.1159%	1h	574.39	+0.276%	$1.3M	$458K	10x	as long as short
Hyperliquid XMR	+0.1212%	1h	574.16	+0.236%	$86.3M	$71.2M	5x	as long as short
SoDEX XMR-USD	+0.1352%	1h	574.34	+0.267%	$437K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.1937%	1h	574.11	+0.227%	$1K	$44K	10x	as long as short