diff --git a/src-gui/src/renderer/api.ts b/src-gui/src/renderer/api.ts
index e5054b98..e0438920 100644
--- a/src-gui/src/renderer/api.ts
+++ b/src-gui/src/renderer/api.ts
@@ -58,10 +58,30 @@ async function fetchCurrencyUsdPrice(currency: string): Promise<number> {
   }
 }
 
+export async function fetchXmrBtcRate(): Promise<number> {
+  try {
+    const response = await fetch('https://api.kraken.com/0/public/Ticker?pair=XMRXBT');
+    const data = await response.json();
+    
+    if (data.error && data.error.length > 0) {
+      throw new Error(`Kraken API error: ${data.error[0]}`);
+    }
+
+    const result = data.result.XXMRXXBT;
+    const lastTradePrice = parseFloat(result.c[0]);
+
+    return lastTradePrice;
+  } catch (error) {
+    console.error('Error fetching XMR/BTC rate from Kraken:', error);
+    throw error;
+  }
+}
+
+
 export async function fetchBtcPrice(): Promise<number> {
   return fetchCurrencyUsdPrice("bitcoin");
 }
 
 export async function fetchXmrPrice(): Promise<number> {
   return fetchCurrencyUsdPrice("monero");
-}
+}
\ No newline at end of file
diff --git a/src-gui/src/renderer/components/modal/provider/ProviderInfo.tsx b/src-gui/src/renderer/components/modal/provider/ProviderInfo.tsx
index e9bb8103..525f7221 100644
--- a/src-gui/src/renderer/components/modal/provider/ProviderInfo.tsx
+++ b/src-gui/src/renderer/components/modal/provider/ProviderInfo.tsx
@@ -9,6 +9,7 @@ import {
 import { satsToBtc, secondsToDays } from "utils/conversionUtils";
 import { isProviderOutdated } from 'utils/multiAddrUtils';
 import WarningIcon from '@material-ui/icons/Warning';
+import { useAppSelector } from "store/hooks";
 
 const useStyles = makeStyles((theme) => ({
   content: {
@@ -25,6 +26,24 @@ const useStyles = makeStyles((theme) => ({
   },
 }));
 
+function ProviderSpreadChip({ provider }: { provider: ExtendedProviderStatus }) {
+  const xmrBtcPrice = useAppSelector(s => s.rates?.xmrBtcRate);
+
+  if (xmrBtcPrice === null) {
+    return null;
+  }
+
+  const providerPrice = satsToBtc(provider.price);
+  const spread = ((providerPrice - xmrBtcPrice) / xmrBtcPrice) * 100;
+
+  return (
+    <Tooltip title="The spread is the difference between the provider's exchange rate and the market rate. A high spread indicates that the provider is charging more than the market rate.">
+      <Chip label={`Spread: ${spread.toFixed(2)} %`} />
+    </Tooltip>
+  );
+
+}
+
 export default function ProviderInfo({
   provider,
 }: {
@@ -78,6 +97,7 @@ export default function ProviderInfo({
             <Chip label="Outdated" icon={<WarningIcon />} color="primary" />
           </Tooltip>
         )}
+        <ProviderSpreadChip provider={provider} />
       </Box>
     </Box>
   );
diff --git a/src-gui/src/renderer/index.tsx b/src-gui/src/renderer/index.tsx
index 1c58041d..bb2719e0 100644
--- a/src-gui/src/renderer/index.tsx
+++ b/src-gui/src/renderer/index.tsx
@@ -6,12 +6,13 @@ import {
   registryConnectionFailed,
   setRegistryProviders,
 } from "store/features/providersSlice";
-import { setBtcPrice, setXmrPrice } from "store/features/ratesSlice";
+import { setBtcPrice, setXmrBtcRate, setXmrPrice } from "store/features/ratesSlice";
 import logger from "../utils/logger";
 import {
   fetchAlertsViaHttp,
   fetchBtcPrice,
   fetchProvidersViaHttp,
+  fetchXmrBtcRate,
   fetchXmrPrice,
 } from "./api";
 import App from "./components/App";
@@ -64,6 +65,14 @@ async function fetchInitialData() {
   } catch (e) {
     logger.error(e, "Error retrieving fiat prices");
   }
+
+  try {
+    const xmrBtcRate = await fetchXmrBtcRate();
+    store.dispatch(setXmrBtcRate(xmrBtcRate));
+    logger.info({ xmrBtcRate }, "Fetched XMR/BTC rate");
+  } catch (e) {
+    logger.error(e, "Error retrieving XMR/BTC rate");
+  }
 }
 
 fetchInitialData();
diff --git a/src-gui/src/store/features/ratesSlice.ts b/src-gui/src/store/features/ratesSlice.ts
index 7985d638..fbac52f9 100644
--- a/src-gui/src/store/features/ratesSlice.ts
+++ b/src-gui/src/store/features/ratesSlice.ts
@@ -1,13 +1,18 @@
 import { createSlice, PayloadAction } from "@reduxjs/toolkit";
 
 export interface RatesState {
+  // USD price of 1 BTC
   btcPrice: number | null;
+  // USD price of 1 XMR
   xmrPrice: number | null;
+  // XMR/BTC exchange rate
+  xmrBtcRate: number | null;
 }
 
 const initialState: RatesState = {
   btcPrice: null,
   xmrPrice: null,
+  xmrBtcRate: null,
 };
 
 const ratesSlice = createSlice({
@@ -20,9 +25,12 @@ const ratesSlice = createSlice({
     setXmrPrice: (state, action: PayloadAction<number>) => {
       state.xmrPrice = action.payload;
     },
+    setXmrBtcRate: (state, action: PayloadAction<number>) => {
+      state.xmrBtcRate = action.payload;
+    },
   },
 });
 
-export const { setBtcPrice, setXmrPrice } = ratesSlice.actions;
+export const { setBtcPrice, setXmrPrice, setXmrBtcRate } = ratesSlice.actions;
 
 export default ratesSlice.reducer;