Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0623%/8h= −68.2% APRpaid last 24h −0.155%

Price spread now: Aster against Nado−0.365%48s7-day average −0.063% · 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—prices read too far apart to compare

costs, in and out, $10k−$440.443% of the position

Long on Nado Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.497%−$50 on $10k

Price spread, last 7 days+0.414%+$41 · spread now −0.365%, 7d avg −0.063%

Together, before fees−0.083%+ Points / potential airdropNado: Active · Aster: Stage 5 · farm board−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Aster is 0.303% cheaper against Nado than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of −0.063%). Swap the legs. The two prices were read 48 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	Nado XMR-PERP	589.83	0.1215	pay 0.0152% / 1h	6m 41s	$1.3M	$470K	10x
Short	Aster XMRUSDT	587.68	0.0592	get 0.0592% / 8h	6m 41s	$632K	$2.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Nado. 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 NadobpFee AsterbpOrdersPrice spread, now −0.365%Rate

Funding earned: −$130.74
Price spread: −0.365% → −0.063%: −$30.27
Slippage, 4 orders: −$29.32
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$205.33
Costs to cover: 0.443%
Break-even: never at this rate

Slippage from Nado: live order book, 2 min ago; Aster: 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 Nado live order book, 2 min ago	3.64 bp	14.8 bp −$15	33.4 bp −$334	15515.7 bp −$1.55M	doesn't fit
Sell Aster live order book, 2 min ago	2.63 bp	11.9 bp −$12	41.9 bp −$419	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	587.27	−0.435%	$45K	—	150x	as long as short
edgeX XMRUSDC	+0.0100%	4h	592.05	+0.375%	$1.1M	$664K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	587.91	−0.326%	$2K	$2.0M	20x	as long as short
Bybit XMRUSDT	+0.0151%	8h	589.38	−0.077%	$47.8M	$64.3M	75x	as long as short
Aevo XMR-PERP	+0.0160%	1h	587.91	−0.326%	$12K	—	3x	as long as short
Binance XMRUSDT	+0.0337%	8h	588.06	−0.302%	$53.8M	$166.0M	75x	as long as short
MEXC XMR_USDT	+0.0339%	8h	589.29	−0.092%	$21.6M	$15.1M	100x	as long as short
Lighter XMR	+0.0384%	1h	588.01	−0.309%	$3.3M	$7.2M	10x	as long as short
BingX XMR-USDT	+0.0438%	8h	589.63	−0.035%	—	$5.8M	—	as long as short
Bitget XMRUSDT	+0.0465%	8h	588.95	−0.150%	$9.7M	$14.6M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_XMRUSD	+0.0468%	1h	587.28	−0.433%	$5.6M	$20.5M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0470%	1h	587.79	−0.347%	$200K	$579K	20x	as long as short
Gate XMR_USDT	+0.0484%	8h	587.80	−0.345%	$1.6M	$4.6M	50x	as long as short
BloFin XMR-USDT	+0.0489%	8h	588.64	−0.203%	$2.7M	$11.6M	75x	as long as short
KuCoin XMRUSDTM	+0.0564%	8h	587.43	−0.408%	$48.0M	$26.1M	50x	as long as short
Pacifica XMR	+0.0565%	1h	588.28	−0.264%	$273K	$1.1M	10x	as long as short
Variational Omni XMR	+0.0578%	8h	591.90	+0.350%	$6.8M	$2.6M	—	as long as short
Aster XMRUSDTshort	+0.0592%	8h	587.68	−0.365%	$632K	$2.4M	75x
GRVT XMR_USDT_Perp	+0.0621%	8h	591.34	+0.255%	$347K	$795K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0868% / S −0.2452%	1h	587.29	−0.432%	$547K	—	100x	as long as short
Polymarket Perps XMR-USD	+0.0909%	1h	589.62	−0.036%	$62K	$1.9M	5x	as long as short
Paradex XMR-USD-PERP	+0.0925%	8h	588.90	−0.158%	$8K	$4K	20x	as long as short
Orderly PERP_XMR_USDC	+0.0962%	8h	588.82	−0.172%	$42K	$733K	10x	as long as short
SoDEX XMR-USD	+0.1073%	1h	588.60	−0.209%	$447K	$3K	5x	as long as short
Nado XMR-PERPlong	+0.1215%	1h	589.83	long leg	$1.3M	$470K	10x
Injective XMR/USDC PERP	+0.1312%	1h	596.76	+1.174%	$3K	$6K	12x	as long as short
dYdX XMR-USD	+0.1660%	1h	587.32	−0.426%	$106K	$50K	5x	as long as short
HTX XMR-USDT	+0.1738%	8h	588.00	−0.311%	$1.1M	$1.5M	20x	as long as short
Hyperliquid XMR	+0.1758%	1h	588.25	−0.269%	$88.6M	$72.1M	5x	as long as short
Extended XMR-USD	+0.2040%	1h	587.95	−0.320%	$3.2M	$7.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2422%	1h	590.02	+0.031%	$2K	$46K	10x	as long as short