Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0873%/8h= −95.6% APRpaid last 24h −0.162%

Price spread now: Bitget against Nado−0.266%7-day average −0.015% · 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−$90as in the Price arb table

costs, in and out, $10k−$650.647% of the position

Long on Nado Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.622%−$62 on $10k

Price spread, last 7 days+0.363%+$36 · spread now −0.266%, 7d avg −0.015%

Together, before fees−0.258%+ Points / potential airdropNado: Active · farm board−$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and Bitget is 0.251% cheaper against Nado than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.015%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XMR-PERP	587.72	0.1420	pay 0.0178% / 1h	16m 58s	$1.3M	$466K	10x
Short	Bitget XMRUSDT	586.16	0.0547	get 0.0547% / 8h	7h 16m	$9.6M	$14.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.266%Rate

Funding earned: −$183.41
Price spread: −0.266% → −0.015%: −$25.1
Slippage, 4 orders: −$45.71
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$273.21
Costs to cover: 0.647%
Break-even: never at this rate

Slippage from Nado: live order book, 2 min ago; Bitget: 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	7.57 bp	17.7 bp −$18	42.2 bp −$422	16023.4 bp −$1.60M	doesn't fit
Sell Bitget live order book, 2 min ago	4.94 bp	16.9 bp −$17	30.5 bp −$305	73.4 bp −$7,338	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	586.44	−0.218%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.538%	$3K	$4K	12x	as long as short
dYdX XMR-USD	+0.0077%	1h	586.89	−0.142%	$106K	$50K	5x	as long as short
edgeX XMRUSDC	+0.0100%	4h	590.84	+0.530%	$1.0M	$661K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	587.44	−0.048%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	586.66	−0.181%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0184%	1h	587.57	−0.026%	$12K	—	3x	as long as short
Binance XMRUSDT	+0.0425%	8h	586.98	−0.126%	$53.5M	$167.2M	75x	as long as short
MEXC XMR_USDT	+0.0427%	8h	586.20	−0.259%	$21.2M	$15.3M	100x	as long as short
Bitget XMRUSDTshort	+0.0547%	8h	586.16	−0.266%	$9.6M	$14.5M	50x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XMRUSDT	+0.0616%	8h	587.35	−0.063%	$652K	$2.5M	75x	as long as short
BloFin XMR-USDT	+0.0618%	8h	587.74	+0.003%	$2.7M	$11.5M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0648%	1h	586.97	−0.128%	$5.6M	$20.5M	50x	as long as short
Pacifica XMR	+0.0659%	1h	587.87	+0.025%	$278K	$1.1M	10x	as long as short
KuCoin XMRUSDTM	+0.0686%	8h	584.13	−0.611%	$47.9M	$26.1M	50x	as long as short
Gate XMR_USDT	+0.0738%	8h	586.42	−0.222%	$1.6M	$4.6M	50x	as long as short
Variational Omni XMR	+0.0867%	8h	591.04	+0.564%	$6.8M	$2.6M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0869% / S −0.2458%	1h	586.50	−0.208%	$547K	—	100x	as long as short
GRVT XMR_USDT_Perp	+0.0967%	8h	591.60	+0.660%	$350K	$792K	10x	as long as short
Backpack XMR_USDC_PERP	+0.0968%	1h	587.54	−0.031%	$184K	$535K	20x	as long as short
Orderly PERP_XMR_USDC	+0.1040%	8h	587.62	−0.017%	$42K	$739K	10x	as long as short
Bybit XMRUSDT	+0.1107%	8h	586.34	−0.235%	$47.2M	$64.7M	75x	as long as short
BingX XMR-USDT	+0.1111%	8h	586.82	−0.154%	—	$5.8M	—	as long as short
Polymarket Perps XMR-USD	+0.1120%	1h	587.54	−0.031%	$47K	$1.9M	5x	as long as short
SoDEX XMR-USD	+0.1198%	1h	587.73	+0.001%	$447K	$3K	5x	as long as short
Lighter XMR	+0.1208%	1h	588.05	+0.056%	$3.3M	$7.1M	10x	as long as short
Paradex XMR-USD-PERP	+0.1266%	8h	587.44	−0.048%	$8K	$4K	20x	as long as short
Nado XMR-PERPlong	+0.1420%	1h	587.72	long leg	$1.3M	$466K	10x
Hyperliquid XMR	+0.1974%	1h	588.29	+0.097%	$89.4M	$73.0M	5x	as long as short
Extended XMR-USD	+0.2472%	1h	586.38	−0.229%	$3.1M	$8.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2647%	1h	588.82	+0.187%	$1K	$46K	10x	as long as short