Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0861%/8h= +94.2% APRpaid last 24h +0.162%

Price spread now: Nado against Bitget−0.128%7-day average +0.015% · 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−$79as in the Price arb table

costs, in and out, $10k−$650.647% of the position

Long on Bitget Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.622%+$62 on $10k

Price spread, last 7 days+0.030%+$3 · spread now −0.128%, 7d avg +0.015%

Together, before fees+0.652%+ Points / potential airdropNado: Active · farm board+$65 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.143% cheaper against Bitget than usual: you would sell low and buy high (spread −0.128% now, against its 7-day average of +0.015%). If the spread goes back, that is −$14 on $10k: about 13 hours of funding at the current rate (+$26 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XMRUSDT	588.17	0.0550	pay 0.0550% / 8h	7h 16m	$9.7M	$14.5M	50x
Short	Nado XMR-PERP	587.42	0.1411	get 0.0176% / 1h	16m 07s	$1.3M	$466K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bitget. 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 BitgetbpFee NadobpOrdersPrice spread, now −0.128%Rate

Funding earned: $180.72
Price spread: −0.128% → +0.015%: −$14.28
Slippage, 4 orders: −$45.71
Fee Bitget: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $101.73
Costs to cover: 0.647%
Break-even: 3.1 days

Slippage from Bitget: 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 Bitget live order book, 2 min ago	4.94 bp	19.0 bp −$19	33.2 bp −$332	doesn't fit	doesn't fit
Sell Nado live order book, 2 min ago	7.57 bp	11.1 bp −$11	30.3 bp −$303	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 −0.0009%	1h	586.17	−0.340%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.460%	$3K	$4K	12x	as long as short
dYdX XMR-USD	+0.0075%	1h	585.25	−0.496%	$106K	$50K	5x	as long as short
edgeX XMRUSDC	+0.0100%	4h	590.84	+0.453%	$1.0M	$661K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	587.01	−0.197%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	586.00	−0.369%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0184%	1h	586.85	−0.225%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0424%	8h	588.00	−0.029%	$21.3M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0425%	8h	587.73	−0.074%	$53.6M	$167.2M	75x	as long as short
Bitget XMRUSDTlong	+0.0550%	8h	588.17	long leg	$9.7M	$14.5M	50x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XMRUSDT	+0.0617%	8h	586.53	−0.280%	$652K	$2.5M	75x	as long as short
BloFin XMR-USDT	+0.0618%	8h	587.74	−0.073%	$2.7M	$11.5M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0648%	1h	586.85	−0.225%	$5.6M	$20.5M	50x	as long as short
Pacifica XMR	+0.0659%	1h	587.29	−0.150%	$278K	$1.1M	10x	as long as short
KuCoin XMRUSDTM	+0.0701%	8h	585.46	−0.461%	$48.0M	$26.1M	50x	as long as short
Gate XMR_USDT	+0.0736%	8h	587.14	−0.175%	$1.6M	$4.6M	50x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0869% / S −0.2458%	1h	586.04	−0.361%	$546K	—	100x	as long as short
Variational Omni XMR	+0.0884%	8h	587.59	−0.098%	$6.7M	$2.6M	—	as long as short
Backpack XMR_USDC_PERP	+0.0960%	1h	587.31	−0.146%	$184K	$535K	20x	as long as short
GRVT XMR_USDT_Perp	+0.0967%	8h	591.60	+0.583%	$350K	$792K	10x	as long as short
Orderly PERP_XMR_USDC	+0.1040%	8h	587.08	−0.185%	$42K	$739K	10x	as long as short
BingX XMR-USDT	+0.1111%	8h	588.17	0.000%	—	$5.8M	—	as long as short
Polymarket Perps XMR-USD	+0.1115%	1h	587.40	−0.131%	$47K	$1.9M	5x	as long as short
Bybit XMRUSDT	+0.1160%	8h	588.23	+0.010%	$47.4M	$64.7M	75x	as long as short
SoDEX XMR-USD	+0.1207%	1h	587.67	−0.085%	$447K	$3K	5x	as long as short
Lighter XMR	+0.1208%	1h	587.38	−0.135%	$3.3M	$7.2M	10x	as long as short
Paradex XMR-USD-PERP	+0.1267%	8h	586.59	−0.269%	$8K	$4K	20x	as long as short
Nado XMR-PERPshort	+0.1411%	1h	587.42	−0.128%	$1.3M	$466K	10x
Hyperliquid XMR	+0.1962%	1h	588.01	−0.027%	$89.3M	$73.1M	5x	as long as short
Extended XMR-USD	+0.2464%	1h	587.88	−0.050%	$3.1M	$8.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2647%	1h	588.22	+0.009%	$1K	$46K	10x	as long as short