Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0811%/8h= −88.8% APRpaid last 24h −0.081%

Price spread now: BloFin against Nado−0.015%7-day average +0.029% · 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−$46as in the Price arb table

costs, in and out, $10k−$410.414% of the position

Long on Nado Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.399%−$40 on $10k

Price spread, last 3 days (all we have)+0.066%+$7 · spread now −0.015%, 7d avg +0.029%

Together, before fees−0.333%+ Points / potential airdropNado: Active · farm board−$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and BloFin is 0.044% cheaper against Nado than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.029%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XMR-PERP	592.94	0.1332	pay 0.0166% / 1h	57m 04s	$1.3M	$470K	10x
Short	BloFin XMR-USDT	592.85	0.0521	get 0.0521% / 8h	7h 57m	$2.8M	$11.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$170.21
Price spread: −0.015% → +0.029%: −$4.4
Slippage, 4 orders: −$22.41
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$216.02
Costs to cover: 0.414%
Break-even: never at this rate

Slippage from Nado: live order book, 1 min ago; BloFin: live order book, 12 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, 1 min ago	6.24 bp	12.7 bp −$13	35.4 bp −$354	15416.0 bp −$1.54M	doesn't fit
Sell BloFin live order book, 12 min ago	0.09 bp	7.5 bp −$8	15.8 bp −$158	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
dYdX XMR-USD	0.0000%	1h	590.90	−0.344%	$107K	$50K	5x	as long as short
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0009%	1h	591.50	−0.242%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+0.645%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	592.57	−0.061%	$1.1M	$657K	10x	as long as short
HTX XMR-USDT	+0.0100%	8h	592.00	−0.158%	$1.1M	$1.5M	20x	as long as short
SunX XMR-USDT	+0.0111%	8h	592.20	−0.124%	$2K	$2.0M	20x	as long as short
Aevo XMR-PERP	+0.0168%	1h	592.76	−0.029%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0361%	8h	592.95	+0.002%	$21.7M	$15.1M	100x	as long as short
Binance XMRUSDT	+0.0362%	8h	593.03	+0.016%	$54.3M	$166.4M	75x	as long as short
Bitget XMRUSDT	+0.0482%	8h	592.73	−0.035%	$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
BloFin XMR-USDTshort	+0.0521%	8h	592.85	−0.015%	$2.8M	$11.7M	75x
KuCoin XMRUSDTM	+0.0598%	8h	592.09	−0.143%	$48.4M	$26.2M	50x	as long as short
Aster XMRUSDT	+0.0606%	8h	592.58	−0.060%	$640K	$2.5M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0638%	8h	592.56	−0.063%	$348K	$795K	10x	as long as short
Variational Omni XMR	+0.0639%	8h	592.14	−0.135%	$6.7M	$2.6M	—	as long as short
Kraken Futures PF_XMRUSD	+0.0643%	1h	591.65	−0.217%	$5.6M	$20.6M	50x	as long as short
Pacifica XMR	+0.0659%	1h	592.83	−0.018%	$276K	$1.1M	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0871% / S −0.2452%	1h	591.25	−0.284%	$550K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0982%	8h	592.69	−0.042%	$42K	$734K	10x	as long as short
Paradex XMR-USD-PERP	+0.0985%	8h	592.76	−0.029%	$8K	$4K	20x	as long as short
Lighter XMR	+0.1160%	1h	592.78	−0.027%	$3.3M	$7.1M	10x	as long as short
Backpack XMR_USDC_PERP	+0.1168%	1h	592.30	−0.108%	$201K	$576K	20x	as long as short
Nado XMR-PERPlong	+0.1332%	1h	592.94	long leg	$1.3M	$470K	10x
SoDEX XMR-USD	+0.1528%	1h	592.93	−0.001%	$451K	$3K	5x	as long as short
Polymarket Perps XMR-USD	+0.1541%	1h	592.86	−0.013%	$49K	$1.9M	5x	as long as short
BingX XMR-USDT	+0.1632%	8h	593.18	+0.041%	—	$5.8M	—	as long as short
Bybit XMRUSDT	+0.1647%	8h	593.17	+0.039%	$48.1M	$64.5M	75x	as long as short
Gate XMR_USDT	+0.1755%	8h	592.28	−0.111%	$1.7M	$4.6M	50x	as long as short
Extended XMR-USD	+0.2224%	1h	592.86	−0.012%	$3.2M	$7.1M	25x	as long as short
Aftermath Perps XMRUSD	+0.2450%	1h	591.73	−0.204%	$2K	$46K	10x	as long as short
Hyperliquid XMR	+0.2486%	1h	593.46	+0.088%	$89.6M	$72.4M	5x	as long as short