Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1199%/8h= +131.2% APRpaid last 24h +0.234%

Price spread now: Kraken Futures against edgeX−0.229%7-day average −0.160% · you buy dearer than you sell

Net, funding: paid 7d − costs+$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$610.608% of the position

Long on edgeX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.657%+$66 on $10k

Price spread, last 3 days (all we have)+0.010%+$1 · spread now −0.229%, 7d avg −0.160%

Together, before fees+0.667%+ Points / potential airdropedgeX: Active · farm board+$67 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.069% cheaper against edgeX than usual: you would sell low and buy high (spread −0.229% now, against its 7-day average of −0.160%). If the spread goes back, that is −$7 on $10k: about 5 hours of funding at the current rate (+$36 a day). At the pace of the last 7 days (+0.657% in total) that is about 18 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.657% in total (about 34.3% 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	edgeX XMRUSDC	589.93	0.0100	pay 0.0050% / 4h	2h 16m	$1.1M	$669K	10x
Short	Kraken Futures PF_XMRUSD	588.58	0.1299	get 0.0162% / 1h	16m 58s	$5.6M	$20.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against edgeX. 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 edgeXbpFee Kraken FuturesbpOrdersPrice spread, now −0.229%Rate

Funding earned: $251.7
Price spread: −0.229% → −0.160%: −$6.91
Slippage, 4 orders: −$41.8
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $184
Costs to cover: 0.608%
Break-even: 1.9 days

Slippage from edgeX: live order book, 2 min ago; Kraken Futures: live order book, 2 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 edgeX live order book, 2 min ago	10.26 bp	14.8 bp −$15	15.5 bp −$155	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	7.56 bp	15.8 bp −$16	39.1 bp −$391	141.7 bp −$14.2K	doesn't fit

XMR on 30 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	588.65	−0.217%	$35K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.157%	$3K	$4K	12x	as long as short
edgeX XMRUSDClong	+0.0100%	4h	589.93	long leg	$1.1M	$669K	10x
SunX XMR-USDT	+0.0100%	8h	589.19	−0.126%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	588.00	−0.328%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	589.00	−0.159%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0402%	1h	588.31	−0.275%	$107K	$50K	5x	as long as short
Binance XMRUSDT	+0.0523%	8h	589.47	−0.079%	$53.8M	$168.3M	75x	as long as short
MEXC XMR_USDT	+0.0523%	8h	589.22	−0.121%	$21.0M	$15.3M	100x	as long as short
Bitget XMRUSDT	+0.0617%	8h	589.16	−0.131%	$9.6M	$14.3M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XMRUSDT	+0.0703%	8h	589.31	−0.106%	$658K	$2.5M	75x	as long as short
Gate XMR_USDT	+0.0784%	8h	588.78	−0.196%	$1.6M	$4.6M	50x	as long as short
BingX XMR-USDT	+0.0794%	8h	589.56	−0.063%	—	$5.8M	—	as long as short
KuCoin XMRUSDTM	+0.0798%	8h	589.10	−0.141%	$48.3M	$26.1M	50x	as long as short
Pacifica XMR	+0.0821%	1h	589.81	−0.020%	$271K	$1.1M	10x	as long as short
Bybit XMRUSDT	+0.0845%	8h	589.27	−0.113%	$47.6M	$64.9M	75x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0946% / S −0.1181%	1h	588.29	−0.279%	$656K	—	100x	as long as short
Polymarket Perps XMR-USD	+0.1012%	1h	589.44	−0.084%	$33K	$2.1M	5x	as long as short
Backpack XMR_USDC_PERP	+0.1019%	1h	589.13	−0.136%	$184K	$534K	20x	as long as short
Variational Omni XMR	+0.1027%	8h	590.80	+0.146%	$6.7M	$2.9M	—	as long as short
Orderly PERP_XMR_USDC	+0.1062%	8h	589.60	−0.057%	$42K	$736K	10x	as long as short
Lighter XMR	+0.1072%	1h	589.64	−0.050%	$3.3M	$7.2M	10x	as long as short
GRVT XMR_USDT_Perp	+0.1092%	8h	589.70	−0.040%	$345K	$786K	10x	as long as short
Paradex XMR-USD-PERP	+0.1277%	8h	589.51	−0.072%	$8K	$4K	20x	as long as short
Kraken Futures PF_XMRUSDshort	+0.1299%	1h	588.58	−0.229%	$5.6M	$20.5M	50x
Nado XMR-PERP	+0.1490%	1h	589.91	−0.004%	$1.3M	$467K	10x	as long as short
SoDEX XMR-USD	+0.1734%	1h	589.85	−0.014%	$448K	$3K	5x	as long as short
Hyperliquid XMR	+0.1738%	1h	589.78	−0.026%	$89.1M	$73.8M	5x	as long as short
Extended XMR-USD	+0.2056%	1h	589.16	−0.132%	$3.2M	$8.3M	25x	as long as short
Aftermath Perps XMRUSD	+0.2772%	1h	589.23	−0.119%	$1K	$46K	10x	as long as short