Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0009%/8h= +1.0% APRpaid last 24h −0.048%

Price spread now: Kraken Futures against Paradex−0.048%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Kraken Futures is 0.048% cheaper against Paradex than usual: you would sell low and buy high (spread −0.048% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 17 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XMR-USD-PERP	577.98	0.0603	pay 0.0603% / 8h	50m 25s	$8K	$3K	20x
Short	Kraken Futures PF_XMRUSD	577.70	0.0612	get 0.0077% / 1h	50m 25s	$5.5M	$12.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Paradex. 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 ParadexbpFee Kraken FuturesbpOrdersPrice spread, now −0.048%Rate

Funding earned: $1.94
Price spread: −0.048% → 0.000%: −$4.79
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$16.85
Costs to cover: 0.140%
Break-even: 67.8 days

Slippage unknown: Paradex: no order-book sample; Kraken Futures: live order book, 4 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 4 min ago	5.88 bp	17.9 bp −$18	39.8 bp −$398	282.1 bp −$28.2K	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0004%	1h	578.22	+0.042%	$33K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+0.791%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	578.85	+0.152%	$1.0M	$542K	10x	as long as short
Polymarket Perps XMR-USD	+0.0100%	1h	578.05	+0.013%	$26K	$1.8M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	578.33	+0.061%	$2K	$1.4M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	578.26	+0.049%	$1.1M	$1.3M	20x	as long as short
Extended XMR-USD	+0.0104%	1h	578.03	+0.009%	$3.0M	$8.0M	25x	as long as short
Aevo XMR-PERP	+0.0224%	1h	578.74	+0.131%	$12K	—	3x	as long as short
Hyperliquid XMR	+0.0269%	1h	578.19	+0.037%	$87.6M	$62.6M	5x	as long as short
KuCoin XMRUSDTM	+0.0285%	8h	577.73	−0.043%	$45.6M	$20.3M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XMR	+0.0328%	1h	578.23	+0.044%	$3.1M	$5.8M	10x	as long as short
Bybit XMRUSDT	+0.0518%	8h	578.07	+0.016%	$46.8M	$54.9M	75x	as long as short
SoDEX XMR-USD	+0.0535%	1h	578.63	+0.113%	$440K	$3K	5x	as long as short
Bitget XMRUSDT	+0.0549%	8h	578.46	+0.084%	$9.6M	$11.1M	50x	as long as short
BingX XMR-USDT	+0.0556%	8h	578.15	+0.030%	—	$5.4M	—	as long as short
Binance XMRUSDT	+0.0570%	8h	578.12	+0.025%	$52.6M	$120.2M	75x	as long as short
MEXC XMR_USDT	+0.0573%	8h	578.23	+0.044%	$20.3M	$11.1M	100x	as long as short
Gate XMR_USDT	+0.0594%	8h	577.91	−0.012%	$1.5M	$2.8M	50x	as long as short
Paradex XMR-USD-PERPlong	+0.0603%	8h	577.98	long leg	$8K	$3K	20x
Kraken Futures PF_XMRUSDshort	+0.0612%	1h	577.70	−0.048%	$5.5M	$12.2M	50x
Backpack XMR_USDC_PERP	+0.0645%	1h	578.28	+0.052%	$176K	$477K	20x	as long as short
dYdX XMR-USD	+0.0681%	1h	578.18	+0.035%	$105K	$29K	5x	as long as short
Aster XMRUSDT	+0.0728%	8h	578.32	+0.059%	$646K	$1.8M	75x	as long as short
Pacifica XMR	+0.0735%	1h	578.31	+0.058%	$274K	$846K	10x	as long as short
BloFin XMR-USDT	+0.0911%	8h	578.71	+0.127%	$2.7M	$10.5M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0928%	8h	579.22	+0.214%	$336K	$652K	10x	as long as short
Variational Omni XMR	+0.0960%	8h	578.35	+0.064%	$6.3M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1169%	8h	578.37	+0.068%	$41K	$517K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1172% / S −0.1547%	1h	577.83	−0.026%	$602K	—	100x	as long as short
Nado XMR-PERP	+0.1231%	1h	578.14	+0.029%	$1.3M	$434K	10x	as long as short
Aftermath Perps XMRUSD	+0.1784%	1h	578.22	+0.042%	$1K	$40K	10x	as long as short