Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0527%/8h= −57.7% APRpaid last 24h −0.150%

Price spread now: Binance against Nado−0.028%7-day average −0.007% · 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−$47as in the Price arb table

costs, in and out, $10k−$450.451% of the position

Long on Nado Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.535%−$54 on $10k

Price spread, last 7 days+0.133%+$13 · spread now −0.028%, 7d avg −0.007%

Together, before fees−0.402%+ Points / potential airdropNado: Active · farm board−$40 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Binance is 0.022% cheaper against Nado than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.007%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XMR-PERP	594.04	0.0892	pay 0.0112% / 1h	30m 30s	$1.3M	$479K	10x
Short	Binance XMRUSDT	593.87	0.0365	get 0.0365% / 8h	2h 30m	$54.4M	$162.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.028%Rate

Funding earned: −$110.73
Price spread: −0.028% → −0.007%: −$2.16
Slippage, 4 orders: −$28.11
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$157.99
Costs to cover: 0.451%
Break-even: never at this rate

Slippage from Nado: live order book, 3 min ago; Binance: live order book, 13 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, 3 min ago	8.39 bp	11.9 bp −$12	30.7 bp −$307	15374.2 bp −$1.54M	doesn't fit
Sell Binance live order book, 13 min ago	0.08 bp	11.8 bp −$12	29.0 bp −$290	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	593.67	−0.061%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	591.89	−0.362%	$3K	$6K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	593.96	−0.013%	$47.6M	$60.8M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	595.70	+0.280%	$1.1M	$673K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	595.43	+0.234%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0176%	1h	595.94	+0.320%	$12K	—	3x	as long as short
Backpack XMR_USDC_PERP	+0.0226%	1h	594.96	+0.155%	$203K	$574K	20x	as long as short
Polymarket Perps XMR-USD	+0.0265%	1h	594.36	+0.054%	$33K	$1.8M	5x	as long as short
Variational Omni XMR	+0.0295%	8h	595.15	+0.187%	$6.9M	$2.8M	—	as long as short
Lighter XMR	+0.0296%	1h	594.29	+0.042%	$3.5M	$6.7M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XMR_USDT	+0.0365%	8h	594.39	+0.059%	$22.6M	$15.3M	100x	as long as short
Binance XMRUSDTshort	+0.0365%	8h	593.87	−0.028%	$54.4M	$162.0M	75x
SoDEX XMR-USD	+0.0366%	1h	596.06	+0.340%	$453K	$3K	5x	as long as short
BingX XMR-USDT	+0.0375%	8h	594.51	+0.079%	—	$5.8M	—	as long as short
Bitget XMRUSDT	+0.0393%	8h	594.31	+0.045%	$9.9M	$14.1M	50x	as long as short
Gate XMR_USDT	+0.0400%	8h	594.14	+0.017%	$1.6M	$4.5M	50x	as long as short
dYdX XMR-USD	+0.0477%	1h	593.51	−0.089%	$108K	$50K	5x	as long as short
BloFin XMR-USDT	+0.0513%	8h	596.35	+0.389%	$2.8M	$11.4M	75x	as long as short
Aster XMRUSDT	+0.0552%	8h	594.59	+0.093%	$675K	$2.3M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0611%	1h	595.05	+0.171%	$5.7M	$20.4M	50x	as long as short
Pacifica XMR	+0.0619%	1h	594.18	+0.024%	$268K	$1.0M	10x	as long as short
GRVT XMR_USDT_Perp	+0.0626%	8h	595.36	+0.221%	$349K	$782K	10x	as long as short
KuCoin XMRUSDTM	+0.0627%	8h	594.28	+0.040%	$49.4M	$25.4M	50x	as long as short
Paradex XMR-USD-PERP	+0.0768%	8h	594.21	+0.029%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0842% / S −0.1411%	1h	595.28	+0.209%	$354K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0886%	8h	595.71	+0.281%	$48K	$729K	10x	as long as short
Nado XMR-PERPlong	+0.0892%	1h	594.04	long leg	$1.3M	$479K	10x
Extended XMR-USD	+0.1184%	1h	594.01	−0.006%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1647%	1h	595.06	+0.172%	$86.9M	$65.8M	5x	as long as short
Aftermath Perps XMRUSD	+0.2345%	1h	594.51	+0.079%	$2K	$47K	10x	as long as short
HTX XMR-USDT	+0.2358%	8h	592.96	−0.182%	$1.1M	$1.4M	20x	as long as short