XMR

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0737%/8h= +80.8% APRnext payment +$0.92 per $10,000 · paid last 24h +0.148%

Price spread now: dYdX against Kraken Futures+0.022%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$376as in the Funding arb table

Net, price: spread back to 7d avg − costs−$419as in the Price arb table

costs, in and out, $10k−$4244.235% of the position

Long on Kraken Futures Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.477%+$48 on $10k

Price spread, last 4 days (all we have)−0.208%−$21 · spread now +0.022%, 7d avg −0.023%

Together, before fees+0.270%+$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and dYdX is 0.045% dearer against Kraken Futures than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.023%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.477% in total (about 24.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.92 per $10,000. 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	Kraken Futures PF_XMRUSD	571.53	0.0226	pay 0.0028% / 1h	17m 38s	$5.4M	$19.5M	50x
Short	dYdX XMR-USD	571.65	0.0964	get 0.0120% / 1h	17m 38s	$104K	$44K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.022%Rate

Funding earned: $154.87
Price spread: +0.022% → −0.023%: $4.48
Slippage, 4 orders: −$403.53
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$264.17
Costs to cover: 4.235%
Break-even: 18.9 days

Slippage from Kraken Futures: live order book, 1 min ago; dYdX: live order book, 36 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, 1 min ago	6.74 bp	12.4 bp −$12	25.9 bp −$259	101.0 bp −$10.1K	doesn't fit
Sell dYdX live order book, 36 min ago	75.75 bp	297.3 bp −$297	330.2 bp −$3,302	361.8 bp −$36.2K	1169.7 bp −$584.9K

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	571.40	−0.021%	$37K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.929%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	573.51	+0.348%	$1.0M	$644K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	572.30	+0.136%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	571.00	−0.092%	$1.0M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0224%	1h	572.93	+0.245%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSDlong	+0.0226%	1h	571.53	long leg	$5.4M	$19.5M	50x
KuCoin XMRUSDTM	+0.0306%	8h	572.16	+0.111%	$45.0M	$26.4M	50x	as long as short
Paradex XMR-USD-PERP	+0.0407%	8h	572.87	+0.235%	$8K	$4K	20x	as long as short
Bitget XMRUSDT	+0.0519%	8h	573.12	+0.279%	$9.4M	$13.4M	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	+0.0537%	8h	572.28	+0.132%	$1.5M	$4.5M	50x	as long as short
MEXC XMR_USDT	+0.0558%	8h	573.00	+0.258%	$19.8M	$14.7M	100x	as long as short
Binance XMRUSDT	+0.0559%	8h	573.18	+0.289%	$52.3M	$163.1M	75x	as long as short
Lighter XMR	+0.0600%	1h	572.86	+0.233%	$3.1M	$7.5M	10x	as long as short
BingX XMR-USDT	+0.0600%	8h	573.21	+0.295%	—	$5.6M	—	as long as short
Backpack XMR_USDC_PERP	+0.0615%	1h	572.09	+0.099%	$169K	$532K	20x	as long as short
Bybit XMRUSDT	+0.0637%	8h	572.72	+0.209%	$46.7M	$64.3M	75x	as long as short
Pacifica XMR	+0.0682%	1h	572.92	+0.245%	$265K	$1.0M	10x	as long as short
Extended XMR-USD	+0.0688%	1h	572.89	+0.238%	$3.1M	$8.3M	25x	as long as short
Aster XMRUSDT	+0.0689%	8h	572.42	+0.157%	$639K	$2.3M	75x	as long as short
Polymarket Perps XMR-USD	+0.0745%	1h	572.26	+0.129%	$29K	$2.2M	5x	as long as short
BloFin XMR-USDT	+0.0918%	8h	572.93	+0.246%	$2.7M	$11.1M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0962%	8h	573.47	+0.340%	$339K	$739K	10x	as long as short
dYdX XMR-USDshort	+0.0964%	1h	571.65	+0.022%	$104K	$44K	5x
GMX XMR/USD [WBTC.b-USDC]	L +0.0988% / S −0.1217%	1h	571.34	−0.032%	$595K	—	100x	as long as short
Nado XMR-PERP	+0.1113%	1h	572.37	+0.147%	$1.3M	$457K	10x	as long as short
Variational Omni XMR	+0.1135%	8h	573.72	+0.384%	$6.3M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1140%	8h	572.57	+0.183%	$40K	$735K	10x	as long as short
Hyperliquid XMR	+0.1252%	1h	572.80	+0.223%	$86.3M	$71.2M	5x	as long as short
SoDEX XMR-USD	+0.1414%	1h	572.81	+0.225%	$435K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.1926%	1h	572.27	+0.130%	$1K	$43K	10x	as long as short