Monero spreads and order-book depth

KuCoin has the tightest measured spread on Monero right now, at $0.12 per XMR (2.27 bps) on XMR/USDT, sampled 1 hour ago. RampAtlas reads 3 venues' public order books for XMR every two hours and reports the spread, the resting depth within 1% of the mid, and what a market buy of $500, $5,000 or $50,000 would pay above the mid.

Verified How we verify

Where XMR trades tightest

ExchangePairSpread24h medianBid depth 1%Ask depth 1%$500 buy$5,000 buy$50,000 buySampled
KuCoinXMR/USDT$0.122.27 bps3.07 bps——3.15 bps6.30 bps10.1 bps1 hour ago
KrakenXMR/USD$0.6412.1 bps12.2 bps$275,274$413,3986.05 bps6.05 bps15.1 bps1 hour ago
MEXCXMR/USDT$0.8616.3 bps10.9 bps$71,528$72,03216.7 bps22.9 bps34.9 bps1 hour ago

Spread is the latest reading, shown as what crossing it costs on one XMR and as a share of the mid in basis points; the median column is over the last 24 hours. Depth is the notional value of resting orders within 1% of the mid on each side, converted to US dollars. Slippage is what a market buy of that size would pay above the mid on the book we read, and is blank where the visible book could not fill it.

  • KuCoin (XMR/USDT): Quoted in USDT, counted at one US dollar. The 1% band runs past the last level the venue served, so depth is reported as not measured.
  • MEXC (XMR/USDT): Quoted in USDT, counted at one US dollar.

Spread history

XMR spread over the last 7 daysOne panel per venue. Each point is a single order-book read; the vertical scale is that venue's own range, so panels show shape rather than comparing venues to one another. Compare levels in the table above.

  • KuCoin

    XMR/USDT · 0.192 bps–7.03 bps

    Sep 22.27 bpsSep 2: 2.59 bpsSep 2: 3.80 bpsSep 2: 3.00 bpsSep 2: 3.20 bpsSep 3: 7.03 bpsSep 3: 0.194 bpsSep 3: 3.15 bpsSep 3: 2.14 bpsSep 3: 0.194 bpsSep 3: 1.75 bpsSep 3: 3.32 bpsSep 3: 1.96 bpsSep 3: 3.22 bpsSep 3: 1.91 bpsSep 3: 1.71 bpsSep 3: 4.21 bpsSep 4: 3.27 bpsSep 4: 0.784 bpsSep 4: 1.78 bpsSep 4: 1.99 bpsSep 4: 1.85 bpsSep 4: 4.08 bpsSep 4: 2.93 bpsSep 4: 3.24 bpsSep 4: 0.192 bpsSep 4: 3.64 bpsSep 4: 4.74 bpsSep 4: 2.13 bpsSep 5: 0.192 bpsSep 5: 3.22 bpsSep 5: 5.05 bpsSep 5: 2.27 bps

  • Kraken

    XMR/USD · 1.17 bps–37.5 bps

    Sep 212.1 bpsSep 2: 15.4 bpsSep 2: 27.8 bpsSep 2: 15.6 bpsSep 2: 8.99 bpsSep 3: 16.4 bpsSep 3: 2.14 bpsSep 3: 6.90 bpsSep 3: 1.17 bpsSep 3: 5.05 bpsSep 3: 4.67 bpsSep 3: 8.81 bpsSep 3: 14.3 bpsSep 3: 20.8 bpsSep 3: 4.76 bpsSep 3: 12.1 bpsSep 3: 12.0 bpsSep 4: 6.72 bpsSep 4: 31.2 bpsSep 4: 37.5 bpsSep 4: 5.97 bpsSep 4: 30.8 bpsSep 4: 23.6 bpsSep 4: 18.5 bpsSep 4: 22.1 bpsSep 4: 6.51 bpsSep 4: 6.52 bpsSep 4: 4.74 bpsSep 4: 33.0 bpsSep 5: 12.3 bpsSep 5: 2.27 bpsSep 5: 6.93 bpsSep 5: 12.1 bps

  • MEXC

    XMR/USDT · 0.190 bps–19.6 bps

    Sep 216.3 bpsSep 2: 5.79 bpsSep 2: 8.40 bpsSep 2: 10.4 bpsSep 2: 6.99 bpsSep 3: 8.42 bpsSep 3: 12.5 bpsSep 3: 1.18 bpsSep 3: 8.96 bpsSep 3: 8.55 bpsSep 3: 0.195 bpsSep 3: 9.40 bpsSep 3: 7.82 bpsSep 3: 10.0 bpsSep 3: 9.54 bpsSep 3: 0.190 bpsSep 3: 8.23 bpsSep 4: 12.9 bpsSep 4: 7.25 bpsSep 4: 11.1 bpsSep 4: 7.36 bpsSep 4: 14.3 bpsSep 4: 0.531 bpsSep 4: 2.01 bpsSep 4: 11.8 bpsSep 4: 17.8 bpsSep 4: 19.6 bpsSep 4: 10.0 bpsSep 4: 8.92 bpsSep 5: 7.88 bpsSep 5: 6.82 bpsSep 5: 12.6 bpsSep 5: 16.3 bps

Method

Pairs are fixed per venue so each series measures the same book over time: the quote currency is chosen once, preferring US dollars, then dollar stablecoins, then euros or the venue's home currency. A non-dollar book's depth is converted using that book's own mid against XMR's snapshot US dollar price.

Frequently Asked Questions

Which exchange has the tightest XMR spread?
KuCoin, at $0.12 per XMR (2.27 bps) on XMR/USDT as of the sample taken 1 hour ago. Spreads move, so this page is re-measured every two hours.
Does a tighter spread mean XMR is cheaper to buy there?
Only in part. The spread is one of three costs: the trading fee, the spread you cross, and the deposit or card fee that got your money onto the venue. The fee pages put all three together for a given purchase size, and use the measured spread on this page wherever we have one.
What does 1% depth tell me?
It is the dollar value of orders resting within 1% of the mid price on one side of the book. A venue with a tight spread but shallow depth will still move against a large order — which is why the table also shows what $500, $5,000 and $50,000 market buys would pay.

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