Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0858%/8h= −94.0% APRpaid last 24h −0.204%

Price spread now: edgeX against Kraken Futures+0.518%7-day average +0.164% · you sell dearer than you buy

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$740.744% of the position

Long on Kraken Futures Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.633%−$63 on $10k

Price spread, last 4 days (all we have)−0.579%−$58 · spread now +0.518%, 7d avg +0.164%

Together, before fees−1.212%+ Points / potential airdropedgeX: Active · farm board−$121 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.355% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.518% now, against its 7-day average of +0.164%): +$35 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 33 hours. At the pace of the last 7 days (−0.633% in total) that is about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XMRUSD	581.95	0.0958	pay 0.0120% / 1h	27m 16s	$5.5M	$19.6M	50x
Short	edgeX XMRUSDC	584.97	0.0100	get 0.0050% / 4h	1h 27m	$1.0M	$655K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.518%Rate

Funding earned: −$180.24
Price spread: +0.518% → +0.164%: $35.48
Slippage, 4 orders: −$55.42
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$219.17
Costs to cover: 0.744%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; edgeX: 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 Kraken Futures live order book, 2 min ago	10.11 bp	23.1 bp −$23	31.8 bp −$318	112.7 bp −$11.3K	doesn't fit
Sell edgeX live order book, 2 min ago	10.19 bp	14.7 bp −$15	15.4 bp −$154	doesn't fit	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	582.11	+0.027%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+0.103%	$3K	$6K	12x	as long as short
edgeX XMRUSDCshort	+0.0100%	4h	584.97	+0.518%	$1.0M	$655K	10x
SunX XMR-USDT	+0.0100%	8h	583.10	+0.198%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	583.95	+0.344%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	583.42	+0.252%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0310%	1h	583.23	+0.220%	$106K	$50K	5x	as long as short
Polymarket Perps XMR-USD	+0.0438%	1h	583.62	+0.287%	$31K	$2.1M	5x	as long as short
MEXC XMR_USDT	+0.0521%	8h	583.93	+0.341%	$20.7M	$15.2M	100x	as long as short
Binance XMRUSDT	+0.0521%	8h	583.43	+0.255%	$53.1M	$166.1M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XMR	+0.0528%	1h	583.05	+0.190%	$3.3M	$7.2M	10x	as long as short
Gate XMR_USDT	+0.0565%	8h	582.70	+0.129%	$1.6M	$4.5M	50x	as long as short
BingX XMR-USDT	+0.0599%	8h	583.25	+0.224%	—	$5.7M	—	as long as short
Bitget XMRUSDT	+0.0613%	8h	583.09	+0.196%	$9.6M	$14.1M	50x	as long as short
Bybit XMRUSDT	+0.0620%	8h	583.49	+0.265%	$47.4M	$64.2M	75x	as long as short
Backpack XMR_USDC_PERP	+0.0670%	1h	583.84	+0.325%	$171K	$538K	20x	as long as short
Aster XMRUSDT	+0.0719%	8h	583.75	+0.309%	$649K	$2.4M	75x	as long as short
KuCoin XMRUSDTM	+0.0770%	8h	583.41	+0.251%	$47.9M	$26.0M	50x	as long as short
BloFin XMR-USDT	+0.0793%	8h	582.98	+0.177%	$2.7M	$11.4M	75x	as long as short
Kraken Futures PF_XMRUSDlong	+0.0958%	1h	581.95	long leg	$5.5M	$19.6M	50x
Paradex XMR-USD-PERP	+0.0981%	8h	583.80	+0.318%	$8K	$4K	20x	as long as short
GRVT XMR_USDT_Perp	+0.0993%	8h	584.89	+0.506%	$346K	$766K	10x	as long as short
Pacifica XMR	+0.0996%	1h	584.03	+0.358%	$271K	$1.1M	10x	as long as short
Nado XMR-PERP	+0.0998%	1h	584.03	+0.357%	$1.3M	$463K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1032% / S −0.1386%	1h	581.91	−0.007%	$649K	—	100x	as long as short
Variational Omni XMR	+0.1086%	8h	583.80	+0.317%	$6.6M	$2.4M	—	as long as short
Orderly PERP_XMR_USDC	+0.1107%	8h	583.13	+0.203%	$41K	$721K	10x	as long as short
Hyperliquid XMR	+0.1147%	1h	584.22	+0.390%	$87.9M	$71.8M	5x	as long as short
Extended XMR-USD	+0.1216%	1h	583.03	+0.185%	$3.1M	$8.0M	25x	as long as short
SoDEX XMR-USD	+0.1280%	1h	583.19	+0.213%	$443K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.2566%	1h	583.82	+0.321%	$2K	$45K	10x	as long as short