Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0871%/8h= +95.4% APRpaid last 24h +0.187%

Price spread now: Nado against MEXC−0.106%7-day average +0.005% · 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−$45as in the Price arb table

costs, in and out, $10k−$340.335% of the position

Long on MEXC Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.601%+$60 on $10k

Price spread, last 7 days+0.268%+$27 · spread now −0.106%, 7d avg +0.005%

Together, before fees+0.869%+ Points / potential airdropNado: Active · farm board+$87 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.111% cheaper against MEXC than usual: you would sell low and buy high (spread −0.106% now, against its 7-day average of +0.005%). If the spread goes back, that is −$11 on $10k: about 10 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	MEXC XMR_USDT	571.65	0.0592	pay 0.0592% / 8h	2h 53m	$19.7M	$14.6M	100x
Short	Nado XMR-PERP	571.04	0.1463	get 0.0183% / 1h	53m 05s	$1.3M	$458K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against MEXC. 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 MEXCbpFee NadobpOrdersPrice spread, now −0.106%Rate

Funding earned: $182.9
Price spread: −0.106% → +0.005%: −$11.14
Slippage, 4 orders: −$22.51
Fee MEXC: 2 bp × 2 orders: −$4
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $138.24
Costs to cover: 0.335%
Break-even: 1.7 days

Slippage from MEXC: live order book, 1 min ago; Nado: live order book, just now.

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 MEXC live order book, 1 min ago	0.17 bp	4.5 bp −$5	21.6 bp −$216	68.5 bp −$6,851	217.9 bp −$109.0K
Sell Nado live order book, just now	6.38 bp	14.8 bp −$15	45.5 bp −$455	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 −0.0003%	1h	570.08	−0.275%	$37K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.907%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	570.75	−0.158%	$1.0M	$643K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	570.43	−0.213%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	570.44	−0.212%	$1.0M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0232%	1h	571.55	−0.018%	$12K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0272%	8h	570.91	−0.129%	$44.8M	$26.5M	50x	as long as short
Bitget XMRUSDT	+0.0554%	8h	571.80	+0.026%	$9.4M	$13.5M	50x	as long as short
Gate XMR_USDT	+0.0579%	8h	570.44	−0.212%	$1.5M	$4.3M	50x	as long as short
MEXC XMR_USDTlong	+0.0592%	8h	571.65	long leg	$19.7M	$14.6M	100x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XMRUSDT	+0.0595%	8h	571.76	+0.018%	$52.3M	$163.4M	75x	as long as short
BingX XMR-USDT	+0.0638%	8h	571.70	+0.009%	—	$5.7M	—	as long as short
Bybit XMRUSDT	+0.0687%	8h	571.57	−0.014%	$46.3M	$64.8M	75x	as long as short
Extended XMR-USD	+0.0712%	1h	571.52	−0.023%	$3.0M	$8.3M	25x	as long as short
Paradex XMR-USD-PERP	+0.0743%	8h	571.13	−0.091%	$8K	$4K	20x	as long as short
Aster XMRUSDT	+0.0743%	8h	571.20	−0.079%	$640K	$2.3M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0750%	1h	570.43	−0.214%	$5.4M	$19.1M	50x	as long as short
Pacifica XMR	+0.0912%	1h	570.98	−0.117%	$264K	$1.0M	10x	as long as short
Polymarket Perps XMR-USD	+0.0934%	1h	570.78	−0.152%	$28K	$2.2M	5x	as long as short
BloFin XMR-USDT	+0.0975%	8h	571.35	−0.052%	$2.7M	$11.2M	75x	as long as short
Lighter XMR	+0.0984%	1h	571.33	−0.056%	$3.1M	$7.5M	10x	as long as short
GRVT XMR_USDT_Perp	+0.0993%	8h	570.06	−0.279%	$337K	$720K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1018% / S −0.1322%	1h	569.75	−0.333%	$590K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1170%	8h	571.42	−0.040%	$40K	$723K	10x	as long as short
Variational Omni XMR	+0.1177%	8h	570.56	−0.192%	$6.3M	$2.3M	—	as long as short
Hyperliquid XMR	+0.1341%	1h	571.53	−0.021%	$86.2M	$71.3M	5x	as long as short
dYdX XMR-USD	+0.1460%	1h	569.53	−0.371%	$103K	$44K	5x	as long as short
Nado XMR-PERPshort	+0.1463%	1h	571.04	−0.106%	$1.3M	$458K	10x
Backpack XMR_USDC_PERP	+0.1546%	1h	571.20	−0.079%	$168K	$534K	20x	as long as short
SoDEX XMR-USD	+0.1675%	1h	571.70	+0.009%	$434K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.2008%	1h	570.23	−0.249%	$1K	$43K	10x	as long as short