XMR

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0343%/8h= −37.6% APRnext payment −$0.43 per $10,000 · paid last 24h −0.033%

Price spread now: Polymarket Perps against Kraken Futures+0.454%48s7-day average +0.155% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as 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−$580.583% of the position

Long on Kraken Futures Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 3 days (all we have)−0.262%−$26 · spread now +0.454%, 7d avg +0.155%

Together, before fees−0.185%−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.298% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.454% now, against its 7-day average of +0.155%): +$30 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 2.9 days. Mind the row above: over the last 7 days funding on this pair paid +0.076%, so the current rate has only just turned against you. The two prices were read 48 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 0.076% in total (about 4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.43 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	Kraken Futures PF_XMRUSD	580.36	0.1317	pay 0.0165% / 1h	39m 36s	$5.5M	$20.5M	50x
Short	Polymarket Perps XMR-USD	582.99	0.0974	get 0.0122% / 1h	39m 36s	$60K	$2.0M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.454%Rate

Funding earned: −$72.08
Price spread: +0.454% → +0.155%: $29.84
Slippage, 4 orders: −$40.26
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$100.49
Costs to cover: 0.583%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; Polymarket Perps: live order book, 4 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	8.33 bp	13.6 bp −$14	26.5 bp −$265	113.0 bp −$11.3K	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	2.23 bp	7.0 bp −$7	9.0 bp −$90	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 −0.0009%	1h	579.28	−0.186%	$33K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+2.827%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	583.29	+0.506%	$1.0M	$666K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	580.20	−0.027%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	580.54	+0.032%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0200%	1h	580.66	+0.052%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0469%	8h	582.69	+0.402%	$20.9M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0470%	8h	582.35	+0.344%	$53.2M	$168.3M	75x	as long as short
Gate XMR_USDT	+0.0471%	8h	581.55	+0.206%	$1.6M	$4.6M	50x	as long as short
dYdX XMR-USD	+0.0504%	1h	581.39	+0.179%	$105K	$50K	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	+0.0573%	8h	583.10	+0.473%	$9.5M	$14.5M	50x	as long as short
Aster XMRUSDT	+0.0636%	8h	581.33	+0.168%	$645K	$2.5M	75x	as long as short
BloFin XMR-USDT	+0.0679%	8h	591.31	+1.887%	$2.7M	$11.6M	75x	as long as short
Backpack XMR_USDC_PERP	+0.0692%	1h	580.61	+0.044%	$182K	$535K	20x	as long as short
KuCoin XMRUSDTM	+0.0729%	8h	581.39	+0.178%	$47.6M	$26.2M	50x	as long as short
Pacifica XMR	+0.0821%	1h	582.21	+0.319%	$269K	$1.1M	10x	as long as short
Lighter XMR	+0.0888%	1h	582.00	+0.283%	$3.3M	$7.2M	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0914% / S −0.1124%	1h	579.09	−0.219%	$656K	—	100x	as long as short
GRVT XMR_USDT_Perp	+0.0925%	8h	582.33	+0.340%	$339K	$800K	10x	as long as short
BingX XMR-USDT	+0.0938%	8h	582.65	+0.395%	—	$5.8M	—	as long as short
Bybit XMRUSDT	+0.0960%	8h	583.08	+0.469%	$47.0M	$65.1M	75x	as long as short
Polymarket Perps XMR-USDshort	+0.0974%	1h	582.99	+0.454%	$60K	$2.0M	5x
Variational Omni XMR	+0.0980%	8h	582.65	+0.395%	$6.7M	$2.8M	—	as long as short
Orderly PERP_XMR_USDC	+0.1048%	8h	580.97	+0.106%	$42K	$735K	10x	as long as short
Paradex XMR-USD-PERP	+0.1201%	8h	582.20	+0.318%	$8K	$4K	20x	as long as short
Kraken Futures PF_XMRUSDlong	+0.1317%	1h	580.36	long leg	$5.5M	$20.5M	50x
Nado XMR-PERP	+0.1357%	1h	583.48	+0.538%	$1.3M	$464K	10x	as long as short
SoDEX XMR-USD	+0.1376%	1h	580.86	+0.087%	$441K	$3K	5x	as long as short
Hyperliquid XMR	+0.1603%	1h	583.35	+0.516%	$88.1M	$73.1M	5x	as long as short
Extended XMR-USD	+0.2040%	1h	582.44	+0.358%	$3.2M	$8.2M	25x	as long as short
Aftermath Perps XMRUSD	+0.2735%	1h	583.79	+0.592%	$1K	$46K	10x	as long as short