Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0041%/8h= −4.5% APRpaid last 24h +0.103%

Price spread now: Kraken Futures against KuCoin+0.358%7-day average −0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$680.678% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.387%+$39 on $10k

Price spread, last 4 days (all we have)−0.373%−$37 · spread now +0.358%, 7d avg −0.081%

Together, before fees+0.015%+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.440% dearer against KuCoin than usual: you sell high and buy low (spread +0.358% now, against its 7-day average of −0.081%): +$44 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 35 days. Mind the row above: over the last 7 days funding on this pair paid +0.387%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XMRUSDTM	568.43	0.0268	pay 0.0268% / 8h	3h 03m	$44.6M	$26.4M	50x
Short	Kraken Futures PF_XMRUSD	570.47	0.0227	get 0.0028% / 1h	3m 36s	$5.4M	$19.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. 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 KuCoinbpFee Kraken FuturesbpOrdersPrice spread, now +0.358%Rate

Funding earned: −$8.7
Price spread: +0.358% → −0.081%: $43.97
Slippage, 4 orders: −$45.8
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$32.53
Costs to cover: 0.678%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; Kraken Futures: 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 KuCoin live order book, 10 min ago	4.69 bp	15.9 bp −$16	33.7 bp −$337	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	8.22 bp	21.2 bp −$21	39.2 bp −$392	121.8 bp −$12.2K	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	570.62	+0.385%	$37K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+2.484%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	571.86	+0.603%	$1.0M	$644K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	571.00	+0.452%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	571.00	+0.452%	$1.0M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0224%	1h	572.00	+0.628%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSDshort	+0.0227%	1h	570.47	+0.358%	$5.4M	$19.1M	50x
KuCoin XMRUSDTMlong	+0.0268%	8h	568.43	long leg	$44.6M	$26.4M	50x
Bitget XMRUSDT	+0.0522%	8h	569.52	+0.192%	$9.4M	$13.4M	50x	as long as short
Paradex XMR-USD-PERP	+0.0541%	8h	569.42	+0.175%	$8K	$4K	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_USDT	+0.0562%	8h	569.31	+0.155%	$1.5M	$4.5M	50x	as long as short
MEXC XMR_USDT	+0.0567%	8h	569.72	+0.227%	$19.7M	$14.7M	100x	as long as short
Binance XMRUSDT	+0.0569%	8h	569.44	+0.178%	$52.0M	$163.2M	75x	as long as short
Lighter XMR	+0.0600%	1h	569.51	+0.190%	$3.1M	$7.6M	10x	as long as short
BingX XMR-USDT	+0.0604%	8h	570.43	+0.352%	—	$5.6M	—	as long as short
Bybit XMRUSDT	+0.0653%	8h	568.93	+0.088%	$46.3M	$64.4M	75x	as long as short
Extended XMR-USD	+0.0672%	1h	569.43	+0.176%	$3.0M	$8.4M	25x	as long as short
Pacifica XMR	+0.0682%	1h	569.82	+0.245%	$264K	$1.0M	10x	as long as short
Backpack XMR_USDC_PERP	+0.0683%	1h	571.01	+0.454%	$168K	$532K	20x	as long as short
Aster XMRUSDT	+0.0721%	8h	569.80	+0.241%	$636K	$2.3M	75x	as long as short
Polymarket Perps XMR-USD	+0.0723%	1h	569.00	+0.100%	$28K	$2.2M	5x	as long as short
dYdX XMR-USD	+0.0768%	1h	568.29	−0.024%	$103K	$44K	5x	as long as short
BloFin XMR-USDT	+0.0939%	8h	571.58	+0.554%	$2.7M	$11.1M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0972%	8h	571.86	+0.603%	$338K	$720K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0997% / S −0.1278%	1h	570.19	+0.309%	$590K	—	100x	as long as short
Nado XMR-PERP	+0.1139%	1h	569.58	+0.202%	$1.3M	$458K	10x	as long as short
Variational Omni XMR	+0.1141%	8h	571.91	+0.613%	$6.3M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1150%	8h	571.51	+0.542%	$40K	$735K	10x	as long as short
Hyperliquid XMR	+0.1178%	1h	569.16	+0.128%	$85.8M	$71.3M	5x	as long as short
SoDEX XMR-USD	+0.1383%	1h	571.72	+0.579%	$435K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.1881%	1h	571.63	+0.563%	$1K	$43K	10x	as long as short