Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0262%/8h= +28.7% APRpaid last 24h −0.100%

Price spread now: KuCoin against Kraken Futures+0.106%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$650.650% of the position

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.385%−$39 on $10k

Price spread, last 4 days (all we have)−0.074%−$7 · spread now +0.106%, 7d avg +0.082%

Together, before fees−0.459%−$46 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 KuCoin is 0.024% dearer against Kraken Futures than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.082%. Mind the row above: over the last 7 days funding on this pair cost −0.385%, 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	575.08	0.0149	pay 0.0019% / 1h	5m 37s	$5.4M	$19.5M	50x
Short	KuCoin XMRUSDTM	575.69	0.0411	get 0.0411% / 8h	4h 05m	$45.1M	$26.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.106%Rate

Funding earned: $55.01
Price spread: +0.106% → +0.082%: $2.39
Slippage, 4 orders: −$42.95
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$7.55
Costs to cover: 0.650%
Break-even: 8.0 days

Slippage from Kraken Futures: live order book, 3 min ago; KuCoin: 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 Kraken Futures live order book, 3 min ago	8.26 bp	16.0 bp −$16	30.8 bp −$308	116.5 bp −$11.7K	doesn't fit
Sell KuCoin live order book, 3 min ago	3.73 bp	17.7 bp −$18	43.8 bp −$438	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
Injective XMR/USDC PERP	−0.0136%	1h	582.55	+1.299%	$3K	$3K	12x	as long as short
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0008%	1h	575.44	+0.062%	$50K	—	150x	as long as short
Lighter XMR	+0.0096%	1h	576.21	+0.197%	$3.2M	$7.5M	10x	as long as short
edgeX XMRUSDC	+0.0100%	4h	576.64	+0.271%	$1.0M	$652K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	575.89	+0.141%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	576.51	+0.249%	$1.1M	$1.6M	20x	as long as short
Kraken Futures PF_XMRUSDlong	+0.0149%	1h	575.08	long leg	$5.4M	$19.5M	50x
Aevo XMR-PERP	+0.0208%	1h	576.90	+0.316%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0319%	1h	575.61	+0.092%	$104K	$44K	5x	as long as short
Gate XMR_USDT	+0.0404%	8h	575.74	+0.115%	$1.6M	$4.6M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XMRUSDTMshort	+0.0411%	8h	575.69	+0.106%	$45.1M	$26.5M	50x
Polymarket Perps XMR-USD	+0.0414%	1h	576.05	+0.169%	$25K	$2.2M	5x	as long as short
Bybit XMRUSDT	+0.0436%	8h	576.61	+0.266%	$46.9M	$64.4M	75x	as long as short
BingX XMR-USDT	+0.0490%	8h	576.67	+0.276%	—	$5.7M	—	as long as short
Binance XMRUSDT	+0.0503%	8h	576.66	+0.275%	$52.8M	$164.4M	75x	as long as short
MEXC XMR_USDT	+0.0505%	8h	576.61	+0.266%	$20.3M	$15.0M	100x	as long as short
Bitget XMRUSDT	+0.0514%	8h	576.37	+0.224%	$9.4M	$13.9M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0567%	1h	576.05	+0.169%	$169K	$534K	20x	as long as short
Pacifica XMR	+0.0626%	1h	576.55	+0.256%	$266K	$1.0M	10x	as long as short
Aster XMRUSDT	+0.0682%	8h	576.31	+0.213%	$639K	$2.3M	75x	as long as short
Extended XMR-USD	+0.0696%	1h	576.50	+0.246%	$3.1M	$8.4M	25x	as long as short
BloFin XMR-USDT	+0.0812%	8h	576.62	+0.268%	$2.7M	$11.2M	75x	as long as short
Nado XMR-PERP	+0.0827%	1h	576.66	+0.275%	$1.3M	$460K	10x	as long as short
Paradex XMR-USD-PERP	+0.0882%	8h	576.64	+0.271%	$8K	$4K	20x	as long as short
GRVT XMR_USDT_Perp	+0.0886%	8h	576.65	+0.273%	$345K	$733K	10x	as long as short
Hyperliquid XMR	+0.0937%	1h	576.41	+0.231%	$86.8M	$71.0M	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0991% / S −0.1254%	1h	575.21	+0.022%	$592K	—	100x	as long as short
Variational Omni XMR	+0.1038%	8h	576.57	+0.260%	$6.6M	$2.2M	—	as long as short
Orderly PERP_XMR_USDC	+0.1124%	8h	576.52	+0.250%	$41K	$735K	10x	as long as short
SoDEX XMR-USD	+0.1253%	1h	576.65	+0.273%	$438K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.1960%	1h	575.95	+0.151%	$2K	$44K	10x	as long as short