Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0365%/8h= −40.0% APRpaid last 24h +0.066%

Price spread now: Kraken Futures against BingX−0.147%53s7-day average −0.185% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as 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−$620.616% of the position

Long on BingX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.270%+$27 on $10k

Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.147%, 7d avg −0.185%

Together, before fees+0.286%+$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.039% dearer against BingX than usual: you sell high and buy low (spread −0.147% now, against its 7-day average of −0.185%): +$4 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 8 hours. Mind the row above: over the last 7 days funding on this pair paid +0.270%, so the current rate has only just turned against you. The two prices were read 53 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	BingX XMR-USDT	572.87	0.0591	pay 0.0591% / 8h	3h 19m	—	$5.6M	—
Short	Kraken Futures PF_XMRUSD	572.03	0.0226	get 0.0028% / 1h	19m 22s	$5.4M	$19.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BingX. 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 BingXbpFee Kraken FuturesbpOrdersPrice spread, now −0.147%Rate

Funding earned: −$76.66
Price spread: −0.147% → −0.185%: $3.86
Slippage, 4 orders: −$41.61
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$134.42
Costs to cover: 0.616%
Break-even: never at this rate

Slippage from BingX: live order book, 16 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 BingX live order book, 16 min ago	0.61 bp	12.8 bp −$13	22.4 bp −$224	126.2 bp −$12.6K	doesn't fit
Sell Kraken Futures live order book, 5 min ago	4.81 bp	23.6 bp −$24	43.7 bp −$437	128.0 bp −$12.8K	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	571.51	−0.237%	$37K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.690%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	573.51	+0.112%	$1.0M	$644K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	572.89	+0.003%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	571.12	−0.305%	$1.0M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0224%	1h	572.73	−0.024%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSDshort	+0.0226%	1h	572.03	−0.147%	$5.4M	$19.5M	50x
KuCoin XMRUSDTM	+0.0312%	8h	572.21	−0.115%	$45.0M	$26.4M	50x	as long as short
Paradex XMR-USD-PERP	+0.0372%	8h	572.68	−0.033%	$8K	$4K	20x	as long as short
Bitget XMRUSDT	+0.0519%	8h	572.64	−0.040%	$9.4M	$13.5M	50x	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	+0.0527%	8h	572.49	−0.066%	$1.5M	$4.5M	50x	as long as short
MEXC XMR_USDT	+0.0557%	8h	572.58	−0.051%	$19.8M	$14.7M	100x	as long as short
Binance XMRUSDT	+0.0558%	8h	572.64	−0.040%	$52.3M	$163.1M	75x	as long as short
BingX XMR-USDTlong	+0.0591%	8h	572.87	long leg	—	$5.6M	—
Lighter XMR	+0.0600%	1h	572.93	+0.010%	$3.1M	$7.5M	10x	as long as short
Backpack XMR_USDC_PERP	+0.0612%	1h	572.82	−0.009%	$169K	$532K	20x	as long as short
Bybit XMRUSDT	+0.0631%	8h	572.42	−0.079%	$46.6M	$64.4M	75x	as long as short
Extended XMR-USD	+0.0680%	1h	572.35	−0.091%	$3.1M	$8.3M	25x	as long as short
Pacifica XMR	+0.0682%	1h	572.54	−0.058%	$265K	$1.0M	10x	as long as short
Aster XMRUSDT	+0.0709%	8h	572.42	−0.079%	$639K	$2.3M	75x	as long as short
Polymarket Perps XMR-USD	+0.0746%	1h	572.30	−0.099%	$29K	$2.2M	5x	as long as short
BloFin XMR-USDT	+0.0909%	8h	574.02	+0.201%	$2.7M	$11.2M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0962%	8h	573.47	+0.104%	$339K	$739K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0988% / S −0.1217%	1h	571.19	−0.293%	$595K	—	100x	as long as short
dYdX XMR-USD	+0.0999%	1h	571.68	−0.208%	$104K	$44K	5x	as long as short
Nado XMR-PERP	+0.1102%	1h	572.95	+0.015%	$1.3M	$457K	10x	as long as short
Variational Omni XMR	+0.1135%	8h	573.72	+0.148%	$6.3M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1138%	8h	572.44	−0.075%	$40K	$735K	10x	as long as short
Hyperliquid XMR	+0.1255%	1h	572.32	−0.096%	$86.3M	$71.2M	5x	as long as short
SoDEX XMR-USD	+0.1409%	1h	573.26	+0.068%	$436K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.1927%	1h	572.45	−0.074%	$1K	$43K	10x	as long as short