Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1049%/8h= +114.9% APRpaid last 24h +0.266%

Price spread now: Nado against Bybit−0.141%7-day average +0.028% · 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−$61as in the Price arb table

costs, in and out, $10k−$440.438% of the position

Long on Bybit Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.747%+$75 on $10k

Price spread, last 7 days+0.085%+$8 · spread now −0.141%, 7d avg +0.028%

Together, before fees+0.832%+ Points / potential airdropNado: Active · farm board+$83 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.169% cheaper against Bybit than usual: you would sell low and buy high (spread −0.141% now, against its 7-day average of +0.028%). If the spread goes back, that is −$17 on $10k: about 13 hours of funding at the current rate (+$31 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XMRUSDT	592.50	0.0179	pay 0.0179% / 8h	1m 22s	$48.0M	$64.4M	75x
Short	Nado XMR-PERP	591.66	0.1228	get 0.0153% / 1h	1m 22s	$1.3M	$470K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bybit. 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 BybitbpFee NadobpOrdersPrice spread, now −0.141%Rate

Funding earned: $220.38
Price spread: −0.141% → +0.028%: −$16.85
Slippage, 4 orders: −$25.84
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $159.69
Costs to cover: 0.438%
Break-even: 1.9 days

Slippage from Bybit: live order book, 8 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 Bybit live order book, 8 min ago	0.09 bp	12.1 bp −$12	26.8 bp −$268	92.6 bp −$9,258	doesn't fit
Sell Nado live order book, 2 min ago	5.58 bp	9.3 bp −$9	30.5 bp −$305	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	590.94	−0.263%	$45K	—	150x	as long as short
edgeX XMRUSDC	+0.0100%	4h	591.14	−0.229%	$1.0M	$666K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	590.68	−0.307%	$2K	$2.0M	20x	as long as short
Aevo XMR-PERP	+0.0168%	1h	591.91	−0.099%	$12K	—	3x	as long as short
Bybit XMRUSDTlong	+0.0179%	8h	592.50	long leg	$48.0M	$64.4M	75x
MEXC XMR_USDT	+0.0347%	8h	592.23	−0.046%	$21.6M	$15.2M	100x	as long as short
Binance XMRUSDT	+0.0348%	8h	592.35	−0.025%	$54.2M	$166.3M	75x	as long as short
Lighter XMR	+0.0440%	1h	590.82	−0.284%	$3.3M	$7.2M	10x	as long as short
BingX XMR-USDT	+0.0448%	8h	592.45	−0.008%	—	$5.8M	—	as long as short
Kraken Futures PF_XMRUSD	+0.0465%	1h	591.11	−0.234%	$5.6M	$20.6M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0478%	8h	592.17	−0.056%	$9.7M	$14.6M	50x	as long as short
Gate XMR_USDT	+0.0484%	8h	591.39	−0.187%	$1.7M	$4.6M	50x	as long as short
BloFin XMR-USDT	+0.0502%	8h	592.63	+0.022%	$2.8M	$11.7M	75x	as long as short
Backpack XMR_USDC_PERP	+0.0529%	1h	588.83	−0.619%	$200K	$579K	20x	as long as short
Pacifica XMR	+0.0565%	1h	591.12	−0.232%	$275K	$1.1M	10x	as long as short
KuCoin XMRUSDTM	+0.0576%	8h	590.79	−0.289%	$48.3M	$26.2M	50x	as long as short
Aster XMRUSDT	+0.0593%	8h	590.70	−0.304%	$634K	$2.5M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0622%	8h	590.44	−0.347%	$346K	$795K	10x	as long as short
Variational Omni XMR	+0.0639%	8h	592.14	−0.062%	$6.7M	$2.6M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0870% / S −0.2452%	1h	590.94	−0.262%	$549K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0972%	8h	592.22	−0.047%	$42K	$734K	10x	as long as short
Polymarket Perps XMR-USD	+0.0982%	1h	592.07	−0.073%	$50K	$1.9M	5x	as long as short
Paradex XMR-USD-PERP	+0.0984%	8h	590.51	−0.335%	$8K	$4K	20x	as long as short
SoDEX XMR-USD	+0.1187%	1h	592.48	−0.003%	$450K	$3K	5x	as long as short
Nado XMR-PERPshort	+0.1228%	1h	591.66	−0.141%	$1.3M	$470K	10x
Injective XMR/USDC PERP	+0.1312%	1h	596.76	+0.719%	$3K	$6K	12x	as long as short
dYdX XMR-USD	+0.1517%	1h	588.77	−0.629%	$107K	$50K	5x	as long as short
HTX XMR-USDT	+0.1678%	8h	591.00	−0.253%	$1.1M	$1.5M	20x	as long as short
Hyperliquid XMR	+0.1800%	1h	592.53	+0.005%	$89.4M	$72.3M	5x	as long as short
Extended XMR-USD	+0.2152%	1h	592.36	−0.024%	$3.2M	$7.1M	25x	as long as short
Aftermath Perps XMRUSD	+0.2444%	1h	590.81	−0.285%	$2K	$46K	10x	as long as short