Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0292%/8h= −32.0% APRpaid last 24h +0.037%

Price spread now: Kraken Futures against Gate−0.098%7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$780.778% of the position

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 4 days (all we have)+0.151%+$15 · spread now −0.098%, 7d avg −0.068%

Together, before fees+0.183%+$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Kraken Futures is 0.029% cheaper against Gate than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.068%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.032% in total (about 1.7% 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	Gate XMR_USDT	573.14	0.0518	pay 0.0518% / 8h	3h 21m	$1.6M	$4.5M	50x
Short	Kraken Futures PF_XMRUSD	572.58	0.0226	get 0.0028% / 1h	21m 25s	$5.4M	$19.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now −0.098%Rate

Funding earned: −$61.38
Price spread: −0.098% → −0.068%: −$2.93
Slippage, 4 orders: −$52.78
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$142.09
Costs to cover: 0.778%
Break-even: never at this rate

Slippage from Gate: 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 Gate live order book, 2 min ago	6.81 bp	21.7 bp −$22	57.2 bp −$572	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 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	572.15	−0.173%	$37K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.642%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	572.90	−0.041%	$1.0M	$644K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	573.34	+0.035%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	571.12	−0.352%	$1.0M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0216%	1h	573.65	+0.090%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSDshort	+0.0226%	1h	572.58	−0.098%	$5.4M	$19.5M	50x
KuCoin XMRUSDTM	+0.0318%	8h	572.57	−0.099%	$45.0M	$26.4M	50x	as long as short
Paradex XMR-USD-PERP	+0.0329%	8h	573.49	+0.061%	$8K	$4K	20x	as long as short
Bitget XMRUSDT	+0.0517%	8h	573.90	+0.133%	$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_USDTlong	+0.0518%	8h	573.14	long leg	$1.6M	$4.5M	50x
MEXC XMR_USDT	+0.0552%	8h	573.80	+0.115%	$19.8M	$14.7M	100x	as long as short
Binance XMRUSDT	+0.0553%	8h	573.93	+0.137%	$52.4M	$163.2M	75x	as long as short
Backpack XMR_USDC_PERP	+0.0582%	1h	571.63	−0.263%	$169K	$532K	20x	as long as short
Lighter XMR	+0.0584%	1h	572.74	−0.069%	$3.1M	$7.5M	10x	as long as short
BingX XMR-USDT	+0.0591%	8h	573.83	+0.120%	—	$5.6M	—	as long as short
Bybit XMRUSDT	+0.0630%	8h	573.39	+0.044%	$46.7M	$64.4M	75x	as long as short
Extended XMR-USD	+0.0672%	1h	573.65	+0.090%	$3.1M	$8.3M	25x	as long as short
Pacifica XMR	+0.0682%	1h	573.17	+0.006%	$266K	$1.0M	10x	as long as short
Aster XMRUSDT	+0.0702%	8h	572.42	−0.126%	$638K	$2.3M	75x	as long as short
Polymarket Perps XMR-USD	+0.0740%	1h	573.52	+0.066%	$25K	$2.2M	5x	as long as short
BloFin XMR-USDT	+0.0910%	8h	573.02	−0.021%	$2.7M	$11.1M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0952%	8h	573.10	−0.007%	$339K	$739K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0989% / S −0.1217%	1h	572.28	−0.151%	$596K	—	100x	as long as short
dYdX XMR-USD	+0.1025%	1h	571.56	−0.276%	$103K	$44K	5x	as long as short
Nado XMR-PERP	+0.1081%	1h	573.32	+0.032%	$1.3M	$457K	10x	as long as short
Variational Omni XMR	+0.1129%	8h	572.77	−0.065%	$6.3M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1135%	8h	573.44	+0.052%	$40K	$735K	10x	as long as short
Hyperliquid XMR	+0.1260%	1h	573.53	+0.068%	$86.4M	$71.2M	5x	as long as short
SoDEX XMR-USD	+0.1404%	1h	573.85	+0.124%	$436K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.1931%	1h	572.91	−0.039%	$1K	$43K	10x	as long as short