Funding you earn now, next payment 08:00 UTC+0.0200%/8h= +22.0% APRnext payment +$0.25 per $10,000 · paid last 24h +0.007%
Price spread now: Kraken Futures against Backpack+0.073%51s7-day average −0.085% · you sell dearer than you buy
Net, funding: paid 7d − costs−$126as 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−$580.582% of the position
Funding, last 7 days−0.681%−$68 on $10k
+Price spread, last 4 days (all we have)−0.197%−$20 · spread now +0.073%, 7d avg −0.085%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Kraken Futures is 0.158% dearer against Backpack than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.085%. Mind the row above: over the last 7 days funding on this pair cost −0.681%, so the current rate has only just turned in your favour. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XMR_USDC_PERP | 571.94 | 0.0418 | pay 0.0052% / 1h | 19m 19s | $174K | $420K | 20x |
| Short | Kraken Futures PF_XMRUSD | 572.36 | 0.0618 | get 0.0077% / 1h | 19m 19s | $5.4M | $9.7M | 50x |
Backpack XMR_USDC_PERP
Kraken Futures PF_XMRUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Backpack. 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
- $42.1
- Price spread: +0.073% → −0.085%
- $15.82
- Slippage, 4 orders
- −$38.25
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$0.32
- Costs to cover
- 0.582%
- Break-even
- 7.1 days
Slippage from Backpack: live order book, 19 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 Backpack live order book, 19 min ago | 0.43 bp | 5.7 bp −$6 | 29.4 bp −$294 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 9.20 bp | 28.6 bp −$29 | 44.1 bp −$441 | 131.9 bp −$13.2K | 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 −0.0004% | 1h | 572.37 | +0.076% | $33K | — | 150x | as long as short |
| Injective XMR/USDC PERP | +0.0033% | 1h | 582.55 | +1.855% | $3K | $3K | 12x | as long as short |
| edgeX XMRUSDC | +0.0100% | 4h | 571.98 | +0.006% | $1.0M | $532K | 10x | as long as short |
| Polymarket Perps XMR-USD | +0.0100% | 1h | 573.01 | +0.187% | $28K | $1.7M | 5x | as long as short |
| SunX XMR-USDT | +0.0100% | 8h | 572.70 | +0.133% | $2K | $1.3M | 20x | as long as short |
| HTX XMR-USDT | +0.0100% | 8h | 571.94 | 0.000% | $1.1M | $1.1M | 20x | as long as short |
| Extended XMR-USD | +0.0104% | 1h | 573.14 | +0.210% | $3.0M | $7.9M | 25x | as long as short |
| Aevo XMR-PERP | +0.0208% | 1h | 573.40 | +0.255% | $12K | — | 3x | as long as short |
| KuCoin XMRUSDTM | +0.0293% | 8h | 572.81 | +0.152% | $45.3M | $18.7M | 50x | as long as short |
| Lighter XMR | +0.0312% | 1h | 573.21 | +0.223% | $3.1M | $5.9M | 10x | as long as short |
gTrade (Gains Network) XMR/USD
Injective XMR/USDC PERP
edgeX XMRUSDC
Polymarket Perps XMR-USD
SunX XMR-USDT
HTX XMR-USDT
Extended XMR-USD
Aevo XMR-PERP
KuCoin XMRUSDTM
Lighter XMRShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack XMR_USDC_PERPlong | +0.0418% | 1h | 571.94 | long leg | $174K | $420K | 20x | |
| Bybit XMRUSDT | +0.0446% | 8h | 573.15 | +0.212% | $46.4M | $51.9M | 75x | as long as short |
| Hyperliquid XMR | +0.0486% | 1h | 573.29 | +0.236% | $87.1M | $60.7M | 5x | as long as short |
| Gate XMR_USDT | +0.0489% | 8h | 572.96 | +0.178% | $1.6M | $2.9M | 50x | as long as short |
| BingX XMR-USDT | +0.0495% | 8h | 573.26 | +0.231% | — | $5.4M | — | as long as short |
| Bitget XMRUSDT | +0.0514% | 8h | 573.47 | +0.268% | $9.4M | $10.6M | 50x | as long as short |
| Binance XMRUSDT | +0.0518% | 8h | 573.45 | +0.264% | $52.3M | $112.5M | 75x | as long as short |
| MEXC XMR_USDT | +0.0519% | 8h | 573.48 | +0.269% | $20.2M | $11.1M | 100x | as long as short |
| Kraken Futures PF_XMRUSDshort | +0.0618% | 1h | 572.36 | +0.073% | $5.4M | $9.7M | 50x | |
| Paradex XMR-USD-PERP | +0.0652% | 8h | 573.12 | +0.206% | $8K | $2K | 20x | as long as short |
| Aster XMRUSDT | +0.0657% | 8h | 572.67 | +0.128% | $640K | $1.7M | 75x | as long as short |
| dYdX XMR-USD | +0.0721% | 1h | 572.03 | +0.015% | $104K | $29K | 5x | as long as short |
| Pacifica XMR | +0.0735% | 1h | 573.18 | +0.217% | $267K | $788K | 10x | as long as short |
| SoDEX XMR-USD | +0.0737% | 1h | 573.33 | +0.243% | $436K | $3K | 5x | as long as short |
| BloFin XMR-USDT | +0.0835% | 8h | 573.39 | +0.254% | $2.7M | $10.2M | 75x | as long as short |
| GRVT XMR_USDT_Perp | +0.0846% | 8h | 571.51 | −0.075% | $340K | $628K | 10x | as long as short |
| Variational Omni XMR | +0.0865% | 8h | 571.49 | −0.078% | $6.2M | $2.3M | — | as long as short |
| Nado XMR-PERP | +0.0977% | 1h | 573.15 | +0.211% | $1.2M | $335K | 10x | as long as short |
| GMX XMR/USD [WBTC.b-USDC] | L +0.1123% / S −0.1459% | 1h | 571.16 | −0.137% | $595K | — | 100x | as long as short |
| Orderly PERP_XMR_USDC | +0.1160% | 8h | 573.23 | +0.226% | $40K | $454K | 10x | as long as short |
| Aftermath Perps XMRUSD | +0.1962% | 1h | 572.82 | +0.154% | $1K | $39K | 10x | as long as short |
Bybit XMRUSDT
Hyperliquid XMR
Gate XMR_USDT
BingX XMR-USDT
Bitget XMRUSDT
Binance XMRUSDT
MEXC XMR_USDT
Paradex XMR-USD-PERP
Aster XMRUSDT
dYdX XMR-USD
Pacifica XMR
SoDEX XMR-USD
BloFin XMR-USDT
GRVT XMR_USDT_Perp
Variational Omni XMR
Nado XMR-PERP
GMX XMR/USD [WBTC.b-USDC]
Orderly PERP_XMR_USDC
Aftermath Perps XMRUSD