Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0268%/8h= +29.4% APRpaid last 24h −0.066%

Price spread now: BingX against Kraken Futures+0.282%7-day average +0.185% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$560.564% of the position

Long on Kraken Futures Short on BingX

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)−0.151%−$15 · spread now +0.282%, 7d avg +0.185%

Together, before fees−0.421%−$42 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and BingX is 0.097% dearer against Kraken Futures than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.185%. Mind the row above: over the last 7 days funding on this pair cost −0.270%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XMRUSD	572.93	0.0226	pay 0.0028% / 1h	46m 06s	$5.4M	$19.4M	50x
Short	BingX XMR-USDT	574.55	0.0494	get 0.0494% / 8h	3h 46m	—	$5.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Kraken Futures. 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 Kraken FuturesbpFee BingXbpOrdersPrice spread, now +0.282%Rate

Funding earned: $56.37
Price spread: +0.282% → +0.185%: $9.66
Slippage, 4 orders: −$36.4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: $9.63
Costs to cover: 0.564%
Break-even: 5.8 days

Slippage from Kraken Futures: live order book, 3 min ago; BingX: live order book, 4 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 Kraken Futures live order book, 3 min ago	10.04 bp	18.7 bp −$19	37.0 bp −$370	118.3 bp −$11.8K	doesn't fit
Sell BingX live order book, 4 min ago	0.61 bp	11.8 bp −$12	17.3 bp −$173	63.2 bp −$6,323	506.9 bp −$253.4K

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 −0.0008%	1h	573.24	+0.052%	$50K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.678%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	574.62	+0.294%	$1.0M	$646K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	573.70	+0.134%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	574.34	+0.245%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0216%	1h	574.13	+0.210%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSDlong	+0.0226%	1h	572.93	long leg	$5.4M	$19.4M	50x
dYdX XMR-USD	+0.0276%	1h	573.81	+0.152%	$104K	$44K	5x	as long as short
KuCoin XMRUSDTM	+0.0371%	8h	573.66	+0.127%	$44.9M	$26.4M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0426%	1h	573.76	+0.144%	$169K	$533K	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XMR	+0.0472%	1h	574.14	+0.210%	$3.2M	$7.5M	10x	as long as short
Gate XMR_USDT	+0.0480%	8h	574.05	+0.195%	$1.6M	$4.5M	50x	as long as short
BingX XMR-USDTshort	+0.0494%	8h	574.55	+0.282%	—	$5.6M	—
Bitget XMRUSDT	+0.0508%	8h	574.47	+0.268%	$9.4M	$13.5M	50x	as long as short
Bybit XMRUSDT	+0.0520%	8h	574.49	+0.271%	$46.8M	$64.3M	75x	as long as short
MEXC XMR_USDT	+0.0521%	8h	574.42	+0.259%	$19.9M	$14.7M	100x	as long as short
Binance XMRUSDT	+0.0524%	8h	574.47	+0.268%	$52.6M	$163.6M	75x	as long as short
Pacifica XMR	+0.0682%	1h	574.27	+0.233%	$265K	$1.0M	10x	as long as short
Aster XMRUSDT	+0.0682%	8h	573.90	+0.169%	$636K	$2.3M	75x	as long as short
Extended XMR-USD	+0.0688%	1h	574.30	+0.239%	$3.1M	$8.4M	25x	as long as short
Polymarket Perps XMR-USD	+0.0729%	1h	573.99	+0.184%	$28K	$2.2M	5x	as long as short
BloFin XMR-USDT	+0.0852%	8h	574.26	+0.231%	$2.7M	$11.2M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0910%	8h	574.25	+0.230%	$337K	$728K	10x	as long as short
Paradex XMR-USD-PERP	+0.0927%	8h	574.28	+0.234%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0988% / S −0.1254%	1h	572.87	−0.011%	$590K	—	100x	as long as short
Variational Omni XMR	+0.1078%	8h	574.38	+0.252%	$6.5M	$2.2M	—	as long as short
Orderly PERP_XMR_USDC	+0.1124%	8h	574.15	+0.212%	$40K	$735K	10x	as long as short
Nado XMR-PERP	+0.1167%	1h	574.35	+0.247%	$1.3M	$458K	10x	as long as short
Hyperliquid XMR	+0.1199%	1h	574.17	+0.216%	$86.3M	$71.2M	5x	as long as short
SoDEX XMR-USD	+0.1333%	1h	574.31	+0.240%	$436K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.1937%	1h	574.10	+0.204%	$1K	$44K	10x	as long as short