Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0538%/8h= +59.0% APRpaid last 24h +0.164%

Price spread now: Nado against Binance−0.063%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$410.410% of the position

Long on Binance Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.640%+$64 on $10k

Price spread, last 7 days+0.029%+$3 · spread now −0.063%, 7d avg +0.008%

Together, before fees+0.670%+ Points / potential airdropNado: Active · farm board+$67 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.071% cheaper against Binance than usual: you would sell low and buy high (spread −0.063% now, against its 7-day average of +0.008%). If the spread goes back, that is −$7 on $10k: about 11 hours of funding at the current rate (+$16 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XMRUSDT	575.88	0.0547	pay 0.0547% / 8h	41m 15s	$52.4M	$119.0M	75x
Short	Nado XMR-PERP	575.52	0.1086	get 0.0136% / 1h	41m 15s	$1.3M	$433K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Binance. 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 BinancebpFee NadobpOrdersPrice spread, now −0.063%Rate

Funding earned: $113.06
Price spread: −0.063% → +0.008%: −$7.14
Slippage, 4 orders: −$23.98
Fee Binance: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $64.94
Costs to cover: 0.410%
Break-even: 3.0 days

Slippage from Binance: live order book, 2 min ago; Nado: live order book, 2 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 Binance live order book, 2 min ago	0.09 bp	9.9 bp −$10	25.5 bp −$255	doesn't fit	doesn't fit
Sell Nado live order book, 2 min ago	7.04 bp	10.5 bp −$11	27.6 bp −$276	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
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0004%	1h	575.04	−0.146%	$33K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.158%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	575.28	−0.104%	$1.0M	$504K	10x	as long as short
Polymarket Perps XMR-USD	+0.0100%	1h	575.72	−0.028%	$28K	$1.7M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	574.44	−0.250%	$2K	$1.4M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	574.80	−0.188%	$1.1M	$1.3M	20x	as long as short
Extended XMR-USD	+0.0104%	1h	575.68	−0.035%	$3.0M	$8.0M	25x	as long as short
Aevo XMR-PERP	+0.0216%	1h	575.96	+0.013%	$12K	—	3x	as long as short
Lighter XMR	+0.0288%	1h	575.74	−0.025%	$3.1M	$5.9M	10x	as long as short
KuCoin XMRUSDTM	+0.0291%	8h	575.58	−0.052%	$45.5M	$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
Hyperliquid XMR	+0.0318%	1h	575.95	+0.012%	$87.3M	$62.7M	5x	as long as short
Bybit XMRUSDT	+0.0498%	8h	575.69	−0.033%	$46.6M	$54.2M	75x	as long as short
BingX XMR-USDT	+0.0533%	8h	576.05	+0.030%	—	$5.4M	—	as long as short
Bitget XMRUSDT	+0.0540%	8h	575.85	−0.005%	$9.5M	$11.2M	50x	as long as short
Binance XMRUSDTlong	+0.0547%	8h	575.88	long leg	$52.4M	$119.0M	75x
MEXC XMR_USDT	+0.0548%	8h	575.84	−0.007%	$20.3M	$11.1M	100x	as long as short
Backpack XMR_USDC_PERP	+0.0551%	1h	574.54	−0.233%	$175K	$475K	20x	as long as short
Gate XMR_USDT	+0.0562%	8h	575.41	−0.082%	$1.5M	$2.8M	50x	as long as short
SoDEX XMR-USD	+0.0565%	1h	575.83	−0.009%	$438K	$3K	5x	as long as short
Paradex XMR-USD-PERP	+0.0594%	8h	575.92	+0.006%	$8K	$3K	20x	as long as short
Kraken Futures PF_XMRUSD	+0.0615%	1h	574.85	−0.178%	$5.4M	$12.1M	50x	as long as short
Aster XMRUSDT	+0.0701%	8h	575.40	−0.083%	$643K	$1.7M	75x	as long as short
dYdX XMR-USD	+0.0707%	1h	574.47	−0.246%	$104K	$29K	5x	as long as short
Pacifica XMR	+0.0735%	1h	575.30	−0.101%	$270K	$836K	10x	as long as short
BloFin XMR-USDT	+0.0881%	8h	575.10	−0.135%	$2.7M	$10.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0890%	8h	575.87	−0.001%	$343K	$652K	10x	as long as short
Variational Omni XMR	+0.0942%	8h	576.14	+0.046%	$6.2M	$2.3M	—	as long as short
Nado XMR-PERPshort	+0.1086%	1h	575.52	−0.063%	$1.3M	$433K	10x
Orderly PERP_XMR_USDC	+0.1170%	8h	575.61	−0.047%	$40K	$504K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1170% / S −0.1547%	1h	574.90	−0.171%	$599K	—	100x	as long as short
Aftermath Perps XMRUSD	+0.1809%	1h	575.96	+0.014%	$1K	$40K	10x	as long as short