Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0427%/8h= +46.7% APRpaid last 24h −0.034%

Price spread now: Variational Omni against Kraken Futures+0.153%7-day average +0.157% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.074%−$7 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.153%, 7d avg +0.157%

Together, before fees−0.105%+ Points / potential airdropVariational Omni: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.157%, so right now this pair is about funding alone: +$13 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.074%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.074% in total (about -7.5% 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	576.01	0.0743	pay 0.0093% / 1h	5m 40s	$5.4M	$18.7M	50x
Short	Variational Omni XMR	576.89	0.1170	get 0.1170% / 8h	2h 05m	$6.2M	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.153%Rate

Funding earned: $89.57
Price spread: +0.153% → +0.157%: −$0.39
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $79.17
Costs to cover: 0.100%
Break-even: 0.8 days

Slippage unknown: Kraken Futures: live order book, 3 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

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, 3 min ago	7.80 bp	16.3 bp −$16	24.1 bp −$241	108.8 bp −$10.9K	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.80 bp	doesn't fit	27.0 bp −$270	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 −0.0004%	1h	575.68	−0.058%	$32K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.135%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	579.47	+0.600%	$1.0M	$640K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	576.34	+0.057%	$2K	$1.8M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	575.54	−0.082%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0240%	1h	574.64	−0.239%	$12K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0335%	8h	575.87	−0.025%	$45.4M	$26.3M	50x	as long as short
dYdX XMR-USD	+0.0446%	1h	574.96	−0.184%	$104K	$44K	5x	as long as short
Bitget XMRUSDT	+0.0594%	8h	577.16	+0.199%	$9.6M	$13.1M	50x	as long as short
MEXC XMR_USDT	+0.0637%	8h	576.87	+0.149%	$20.2M	$14.7M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XMRUSDT	+0.0642%	8h	576.73	+0.124%	$52.6M	$159.8M	75x	as long as short
BingX XMR-USDT	+0.0663%	8h	576.66	+0.112%	—	$5.6M	—	as long as short
Gate XMR_USDT	+0.0678%	8h	576.32	+0.053%	$1.6M	$4.3M	50x	as long as short
Polymarket Perps XMR-USD	+0.0679%	1h	576.82	+0.140%	$23K	$2.1M	5x	as long as short
Extended XMR-USD	+0.0696%	1h	576.50	+0.085%	$3.0M	$8.2M	25x	as long as short
Bybit XMRUSDT	+0.0705%	8h	576.53	+0.090%	$46.9M	$64.3M	75x	as long as short
Kraken Futures PF_XMRUSDlong	+0.0743%	1h	576.01	long leg	$5.4M	$18.7M	50x
Lighter XMR	+0.0784%	1h	576.49	+0.082%	$3.1M	$7.7M	10x	as long as short
Aster XMRUSDT	+0.0798%	8h	575.79	−0.039%	$640K	$2.2M	75x	as long as short
Paradex XMR-USD-PERP	+0.0891%	8h	576.82	+0.140%	$8K	$4K	20x	as long as short
Pacifica XMR	+0.0912%	1h	576.70	+0.119%	$268K	$1.0M	10x	as long as short
GRVT XMR_USDT_Perp	+0.1039%	8h	580.27	+0.739%	$349K	$718K	10x	as long as short
Hyperliquid XMR	+0.1040%	1h	576.76	+0.129%	$87.2M	$69.1M	5x	as long as short
BloFin XMR-USDT	+0.1055%	8h	576.90	+0.154%	$2.7M	$11.2M	75x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1084% / S −0.1451%	1h	575.76	−0.044%	$596K	—	100x	as long as short
Variational Omni XMRshort	+0.1170%	8h	576.89	+0.153%	$6.2M	$2.4M	—
Orderly PERP_XMR_USDC	+0.1198%	8h	576.56	+0.095%	$41K	$649K	10x	as long as short
Nado XMR-PERP	+0.1209%	1h	576.77	+0.131%	$1.3M	$450K	10x	as long as short
SoDEX XMR-USD	+0.1305%	1h	577.12	+0.192%	$439K	$3K	5x	as long as short
Backpack XMR_USDC_PERP	+0.1390%	1h	576.83	+0.142%	$175K	$535K	20x	as long as short
Aftermath Perps XMRUSD	+0.1994%	1h	576.93	+0.159%	$1K	$42K	10x	as long as short