Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0327%/8h= +35.8% APRpaid last 24h +0.183%

Price spread now: Nado against KuCoin+0.127%51s7-day average +0.084% · 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—prices read too far apart to compare

costs, in and out, $10k−$670.673% of the position

Long on KuCoin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.630%+$63 on $10k

Price spread, last 7 days−0.131%−$13 · spread now +0.127%, 7d avg +0.084%

Together, before fees+0.500%+ Points / potential airdropNado: Active · farm board+$50 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Nado is 0.043% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.084%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XMRUSDTM	583.38	0.0782	pay 0.0782% / 8h	5h 57m	$47.9M	$26.1M	50x
Short	Nado XMR-PERP	584.12	0.1109	get 0.0139% / 1h	57m 39s	$1.3M	$466K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against KuCoin. 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 KuCoinbpFee NadobpOrdersPrice spread, now +0.127%Rate

Funding earned: $68.67
Price spread: +0.127% → +0.084%: $4.31
Slippage, 4 orders: −$48.28
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $5.7
Costs to cover: 0.673%
Break-even: 6.4 days

Slippage from KuCoin: live order book, 6 min ago; Nado: live order book, 1 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 KuCoin live order book, 6 min ago	3.41 bp	21.0 bp −$21	47.0 bp −$470	doesn't fit	doesn't fit
Sell Nado live order book, 1 min ago	7.70 bp	14.9 bp −$15	37.6 bp −$376	doesn't fit	doesn't fit

XMR on 30 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 −0.0010%	1h	582.98	−0.068%	$34K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+2.294%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	586.49	+0.533%	$1.0M	$670K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	583.32	−0.010%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	583.92	+0.093%	$1.1M	$1.6M	20x	as long as short
Backpack XMR_USDC_PERP	+0.0125%	1h	583.20	−0.031%	$172K	$538K	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	584.28	+0.154%	$12K	—	3x	as long as short
Polymarket Perps XMR-USD	+0.0278%	1h	583.66	+0.048%	$31K	$2.1M	5x	as long as short
Lighter XMR	+0.0488%	1h	583.75	+0.064%	$3.3M	$7.1M	10x	as long as short
Binance XMRUSDT	+0.0518%	8h	584.09	+0.121%	$53.3M	$167.8M	75x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XMR_USDT	+0.0520%	8h	583.50	+0.021%	$20.8M	$15.1M	100x	as long as short
Bitget XMRUSDT	+0.0620%	8h	583.31	−0.012%	$9.5M	$14.2M	50x	as long as short
Aster XMRUSDT	+0.0703%	8h	583.19	−0.032%	$650K	$2.4M	75x	as long as short
BingX XMR-USDT	+0.0757%	8h	583.91	+0.091%	—	$5.8M	—	as long as short
Bybit XMRUSDT	+0.0762%	8h	583.20	−0.031%	$47.2M	$64.8M	75x	as long as short
Gate XMR_USDT	+0.0782%	8h	583.13	−0.043%	$1.6M	$4.5M	50x	as long as short
KuCoin XMRUSDTMlong	+0.0782%	8h	583.38	long leg	$47.9M	$26.1M	50x
dYdX XMR-USD	+0.0828%	1h	583.18	−0.034%	$106K	$50K	5x	as long as short
Kraken Futures PF_XMRUSD	+0.0957%	1h	582.93	−0.078%	$5.5M	$20.0M	50x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0969% / S −0.1241%	1h	582.69	−0.119%	$650K	—	100x	as long as short
Pacifica XMR	+0.0996%	1h	584.00	+0.106%	$269K	$1.1M	10x	as long as short
Variational Omni XMR	+0.1060%	8h	586.46	+0.528%	$6.7M	$2.5M	—	as long as short
GRVT XMR_USDT_Perp	+0.1061%	8h	586.38	+0.515%	$343K	$773K	10x	as long as short
Orderly PERP_XMR_USDC	+0.1082%	8h	584.01	+0.108%	$42K	$736K	10x	as long as short
Nado XMR-PERPshort	+0.1109%	1h	584.12	+0.127%	$1.3M	$466K	10x
Hyperliquid XMR	+0.1157%	1h	583.91	+0.091%	$88.2M	$73.1M	5x	as long as short
Paradex XMR-USD-PERP	+0.1178%	8h	583.54	+0.027%	$8K	$4K	20x	as long as short
SoDEX XMR-USD	+0.1193%	1h	584.15	+0.132%	$444K	$3K	5x	as long as short
Extended XMR-USD	+0.1680%	1h	583.65	+0.046%	$3.1M	$8.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2692%	1h	584.76	+0.237%	$1K	$46K	10x	as long as short