Funding you earn now, next payment 22:00 UTC+0.0536%/8h= +58.7% APRnext payment +$0.67 per $10,000 · paid last 24h +0.015%
Price spread now: Nado against Backpack+0.116%7-day average +0.118% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$350.354% of the position
Funding, last 3 days (all we have)−0.006%−$1 on $10k
+Price spread, last 4 days (all we have)+0.169%+$17 · spread now +0.116%, 7d avg +0.118%
=Together, before fees+0.163%+ Points / potential airdropNado: Active · farm board+$16 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.118%, so right now this pair is about funding alone: +$16 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.006% in total (about -0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.67 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XMR_USDC_PERP | 591.04 | 0.0100 | pay 0.0013% / 1h | 50m 03s | $210K | $557K | 20x |
| Short | Nado XMR-PERP | 591.72 | 0.0636 | get 0.0079% / 1h | 50m 03s | $1.3M | $477K | 10x |
Backpack XMR_USDC_PERP
Nado XMR-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $112.55
- Price spread: +0.116% → +0.118%
- −$0.2
- Slippage, 4 orders
- −$18.4
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $76.95
- Costs to cover
- 0.354%
- Break-even
- 2.2 days
Slippage from Backpack: live order book, 38 min ago; Nado: 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 Backpack live order book, 38 min ago | 1.87 bp | 7.0 bp −$7 | 33.0 bp −$330 | doesn't fit | doesn't fit |
| Sell Nado live order book, 3 min ago | 5.85 bp | 12.1 bp −$12 | 40.5 bp −$405 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XMR-USD | 0.0000% | 1h | 590.62 | −0.071% | $107K | $49K | 5x | as long as short |
| gTrade (Gains Network) XMR/USD | L +0.0010% / S −0.0009% | 1h | 591.31 | +0.046% | $45K | — | 150x | as long as short |
| Injective XMR/USDC PERP | +0.0033% | 1h | 554.47 | −6.187% | $3K | $5K | 12x | as long as short |
| Bybit XMRUSDT | +0.0100% | 8h | 591.56 | +0.088% | $47.3M | $60.6M | 75x | as long as short |
| Backpack XMR_USDC_PERPlong | +0.0100% | 1h | 591.04 | long leg | $210K | $557K | 20x | |
| edgeX XMRUSDC | +0.0100% | 4h | 590.27 | −0.130% | $1.0M | $672K | 10x | as long as short |
| SunX XMR-USDT | +0.0100% | 8h | 591.12 | +0.014% | $2K | $1.9M | 20x | as long as short |
| Lighter XMR | +0.0120% | 1h | 591.61 | +0.097% | $3.5M | $6.6M | 10x | as long as short |
| Polymarket Perps XMR-USD | +0.0164% | 1h | 591.85 | +0.137% | $24K | $1.8M | 5x | as long as short |
| SoDEX XMR-USD | +0.0167% | 1h | 591.78 | +0.125% | $450K | $4K | 5x | as long as short |
dYdX XMR-USD
gTrade (Gains Network) XMR/USD
Injective XMR/USDC PERP
Bybit XMRUSDT
edgeX XMRUSDC
SunX XMR-USDT
Lighter XMR
Polymarket Perps XMR-USD
SoDEX XMR-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo XMR-PERP | +0.0176% | 1h | 591.84 | +0.135% | $12K | — | 3x | as long as short |
| Gate XMR_USDT | +0.0320% | 8h | 591.33 | +0.049% | $1.6M | $4.5M | 50x | as long as short |
| Variational Omni XMR | +0.0320% | 8h | 591.40 | +0.061% | $6.9M | $2.8M | — | as long as short |
| MEXC XMR_USDT | +0.0380% | 8h | 591.91 | +0.147% | $22.7M | $15.1M | 100x | as long as short |
| Binance XMRUSDT | +0.0380% | 8h | 591.92 | +0.149% | $54.3M | $161.8M | 75x | as long as short |
| BingX XMR-USDT | +0.0390% | 8h | 591.68 | +0.108% | — | $5.8M | — | as long as short |
| Bitget XMRUSDT | +0.0403% | 8h | 592.02 | +0.166% | $9.8M | $13.9M | 50x | as long as short |
| BloFin XMR-USDT | +0.0533% | 8h | 592.07 | +0.174% | $2.8M | $11.3M | 75x | as long as short |
| Aster XMRUSDT | +0.0568% | 8h | 591.55 | +0.086% | $667K | $2.4M | 75x | as long as short |
| Kraken Futures PF_XMRUSD | +0.0616% | 1h | 590.80 | −0.040% | $5.5M | $20.3M | 50x | as long as short |
| KuCoin XMRUSDTM | +0.0618% | 8h | 591.64 | +0.102% | $49.2M | $25.4M | 50x | as long as short |
| Pacifica XMR | +0.0619% | 1h | 591.83 | +0.133% | $268K | $1.1M | 10x | as long as short |
| Nado XMR-PERPshort | +0.0636% | 1h | 591.72 | +0.116% | $1.3M | $477K | 10x | |
| GRVT XMR_USDT_Perp | +0.0647% | 8h | 590.56 | −0.082% | $346K | $798K | 10x | as long as short |
| Paradex XMR-USD-PERP | +0.0735% | 8h | 591.64 | +0.102% | $8K | $4K | 20x | as long as short |
| GMX XMR/USD [WBTC.b-USDC] | L +0.0839% / S −0.1411% | 1h | 590.99 | −0.008% | $351K | — | 100x | as long as short |
| Orderly PERP_XMR_USDC | +0.0868% | 8h | 591.65 | +0.103% | $48K | $729K | 10x | as long as short |
| Extended XMR-USD | +0.1064% | 1h | 591.66 | +0.105% | $3.1M | $6.8M | 25x | as long as short |
| Hyperliquid XMR | +0.1458% | 1h | 592.61 | +0.266% | $85.9M | $65.0M | 5x | as long as short |
| Aftermath Perps XMRUSD | +0.2230% | 1h | 590.91 | −0.023% | $1K | $47K | 10x | as long as short |
| HTX XMR-USDT | +0.2293% | 8h | 590.74 | −0.051% | $1.1M | $1.4M | 20x | as long as short |
Aevo XMR-PERP
Gate XMR_USDT
Variational Omni XMR
MEXC XMR_USDT
Binance XMRUSDT
BingX XMR-USDT
Bitget XMRUSDT
BloFin XMR-USDT
Aster XMRUSDT
Kraken Futures PF_XMRUSD
KuCoin XMRUSDTM
Pacifica XMR
GRVT XMR_USDT_Perp
Paradex XMR-USD-PERP
GMX XMR/USD [WBTC.b-USDC]
Orderly PERP_XMR_USDC
Extended XMR-USD
Hyperliquid XMR
Aftermath Perps XMRUSD
HTX XMR-USDT