Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0570%/8h= −62.4% APRpaid last 24h −0.168%

Price spread now: BingX against Nado+0.056%7-day average −0.012% · 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−$48as in the Price arb table

costs, in and out, $10k−$550.548% of the position

Long on Nado Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.605%−$60 on $10k

Price spread, last 7 days−0.216%−$22 · spread now +0.056%, 7d avg −0.012%

Together, before fees−0.820%+ Points / potential airdropNado: Active · farm board−$82 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.068% dearer against Nado than usual: you sell high and buy low (spread +0.056% now, against its 7-day average of −0.012%): +$7 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XMR-PERP	575.49	0.1243	pay 0.0155% / 1h	19m 17s	$1.3M	$450K	10x
Short	BingX XMR-USDT	575.81	0.0673	get 0.0673% / 8h	2h 19m	—	$5.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.056%Rate

Funding earned: −$119.72
Price spread: +0.056% → −0.012%: $6.82
Slippage, 4 orders: −$37.79
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$167.69
Costs to cover: 0.548%
Break-even: never at this rate

Slippage from Nado: live order book, 4 min ago; BingX: live order book, 16 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, 4 min ago	8.08 bp	11.8 bp −$12	33.3 bp −$333	16004.0 bp −$1.60M	doesn't fit
Sell BingX live order book, 16 min ago	1.48 bp	14.9 bp −$15	27.0 bp −$270	79.5 bp −$7,952	589.1 bp −$294.5K

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	574.39	−0.191%	$38K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.227%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	575.74	+0.043%	$1.0M	$642K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	575.00	−0.085%	$2K	$1.8M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	575.00	−0.085%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0240%	1h	576.18	+0.120%	$12K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0325%	8h	575.15	−0.059%	$45.2M	$26.2M	50x	as long as short
dYdX XMR-USD	+0.0350%	1h	574.53	−0.167%	$104K	$44K	5x	as long as short
Bitget XMRUSDT	+0.0578%	8h	575.46	−0.005%	$9.5M	$13.3M	50x	as long as short
MEXC XMR_USDT	+0.0623%	8h	575.96	+0.082%	$19.8M	$14.6M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XMRUSDT	+0.0625%	8h	575.85	+0.062%	$52.7M	$160.7M	75x	as long as short
Polymarket Perps XMR-USD	+0.0659%	1h	575.61	+0.021%	$27K	$2.2M	5x	as long as short
Gate XMR_USDT	+0.0663%	8h	575.11	−0.066%	$1.6M	$4.3M	50x	as long as short
BingX XMR-USDTshort	+0.0673%	8h	575.81	+0.056%	—	$5.6M	—
Extended XMR-USD	+0.0696%	1h	575.54	+0.009%	$3.1M	$8.2M	25x	as long as short
Bybit XMRUSDT	+0.0705%	8h	575.53	+0.007%	$46.6M	$64.1M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0745%	1h	574.66	−0.144%	$5.4M	$19.0M	50x	as long as short
Aster XMRUSDT	+0.0781%	8h	575.87	+0.066%	$648K	$2.2M	75x	as long as short
Lighter XMR	+0.0856%	1h	576.04	+0.095%	$3.1M	$7.6M	10x	as long as short
Paradex XMR-USD-PERP	+0.0893%	8h	576.11	+0.108%	$8K	$4K	20x	as long as short
Pacifica XMR	+0.0912%	1h	575.72	+0.040%	$266K	$1.0M	10x	as long as short
GRVT XMR_USDT_Perp	+0.1016%	8h	575.49	+0.001%	$346K	$727K	10x	as long as short
BloFin XMR-USDT	+0.1027%	8h	575.65	+0.028%	$2.7M	$11.2M	75x	as long as short
Hyperliquid XMR	+0.1059%	1h	575.74	+0.044%	$86.9M	$70.8M	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1085% / S −0.1451%	1h	574.44	−0.181%	$595K	—	100x	as long as short
Variational Omni XMR	+0.1174%	8h	575.62	+0.024%	$6.4M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1192%	8h	575.56	+0.013%	$40K	$677K	10x	as long as short
Nado XMR-PERPlong	+0.1243%	1h	575.49	long leg	$1.3M	$450K	10x
SoDEX XMR-USD	+0.1295%	1h	575.66	+0.030%	$438K	$3K	5x	as long as short
Backpack XMR_USDC_PERP	+0.1427%	1h	575.97	+0.084%	$169K	$531K	20x	as long as short
Aftermath Perps XMRUSD	+0.2026%	1h	574.60	−0.154%	$2K	$42K	10x	as long as short