Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0370%/8h= +40.5% APRpaid last 24h +0.074%

Price spread now: Kraken Futures against Bitget−0.280%7-day average −0.166% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$800.798% of the position

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.367%+$37 on $10k

Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.280%, 7d avg −0.166%

Together, before fees+0.433%+$43 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.115% cheaper against Bitget than usual: you would sell low and buy high (spread −0.280% now, against its 7-day average of −0.166%). If the spread goes back, that is −$11 on $10k: about 25 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.367% in total) that is about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XMRUSDT	581.90	0.0591	pay 0.0591% / 8h	5h 06m	$9.5M	$14.1M	50x
Short	Kraken Futures PF_XMRUSD	580.27	0.0961	get 0.0120% / 1h	6m 16s	$5.5M	$19.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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 BitgetbpFee Kraken FuturesbpOrdersPrice spread, now −0.280%Rate

Funding earned: $77.71
Price spread: −0.280% → −0.166%: −$11.48
Slippage, 4 orders: −$57.8
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$13.57
Costs to cover: 0.798%
Break-even: 8.2 days

Slippage from Bitget: live order book, 2 min ago; Kraken Futures: live order book, 3 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 Bitget live order book, 2 min ago	3.94 bp	17.1 bp −$17	34.6 bp −$346	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	5.84 bp	32.7 bp −$33	44.5 bp −$445	160.4 bp −$16.0K	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 −0.0010%	1h	580.91	−0.170%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+0.112%	$3K	$6K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	585.77	+0.665%	$1.0M	$655K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	581.22	−0.117%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	581.55	−0.060%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	581.74	−0.027%	$12K	—	3x	as long as short
Polymarket Perps XMR-USD	+0.0251%	1h	581.50	−0.069%	$25K	$2.1M	5x	as long as short
dYdX XMR-USD	+0.0293%	1h	581.49	−0.071%	$105K	$47K	5x	as long as short
Lighter XMR	+0.0480%	1h	581.51	−0.067%	$3.3M	$7.2M	10x	as long as short
Bybit XMRUSDT	+0.0485%	8h	581.62	−0.048%	$47.2M	$64.1M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XMRUSDT	+0.0499%	8h	581.57	−0.056%	$52.9M	$165.6M	75x	as long as short
MEXC XMR_USDT	+0.0504%	8h	581.81	−0.015%	$20.7M	$15.3M	100x	as long as short
Gate XMR_USDT	+0.0521%	8h	581.75	−0.026%	$1.6M	$4.5M	50x	as long as short
BingX XMR-USDT	+0.0569%	8h	581.83	−0.012%	—	$5.7M	—	as long as short
Bitget XMRUSDTlong	+0.0591%	8h	581.90	long leg	$9.5M	$14.1M	50x
KuCoin XMRUSDTM	+0.0667%	8h	581.39	−0.088%	$47.7M	$25.9M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0672%	1h	582.23	+0.057%	$171K	$537K	20x	as long as short
Aster XMRUSDT	+0.0706%	8h	581.66	−0.040%	$655K	$2.4M	75x	as long as short
BloFin XMR-USDT	+0.0773%	8h	582.87	+0.167%	$2.7M	$11.4M	75x	as long as short
Paradex XMR-USD-PERP	+0.0869%	8h	581.79	−0.020%	$8K	$4K	20x	as long as short
GRVT XMR_USDT_Perp	+0.0911%	8h	584.28	+0.409%	$339K	$764K	10x	as long as short
Kraken Futures PF_XMRUSDshort	+0.0961%	1h	580.27	−0.280%	$5.5M	$19.6M	50x
Nado XMR-PERP	+0.0981%	1h	581.92	+0.004%	$1.3M	$463K	10x	as long as short
Pacifica XMR	+0.0996%	1h	581.84	−0.010%	$268K	$1.1M	10x	as long as short
Hyperliquid XMR	+0.0998%	1h	581.70	−0.034%	$87.7M	$71.1M	5x	as long as short
Extended XMR-USD	+0.1024%	1h	581.53	−0.063%	$3.1M	$8.1M	25x	as long as short
SoDEX XMR-USD	+0.1032%	1h	581.68	−0.038%	$442K	$3K	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1040% / S −0.1407%	1h	580.91	−0.170%	$648K	—	100x	as long as short
Variational Omni XMR	+0.1064%	8h	586.59	+0.805%	$6.7M	$2.4M	—	as long as short
Orderly PERP_XMR_USDC	+0.1109%	8h	581.58	−0.055%	$41K	$720K	10x	as long as short
Aftermath Perps XMRUSD	+0.2429%	1h	583.74	+0.316%	$1K	$45K	10x	as long as short