Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0219%/8h= −24.0% APRpaid last 24h −0.260%

Price spread now: Bybit against Nado+0.026%49s7-day average −0.028% · 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—prices read too far apart to compare

costs, in and out, $10k−$540.538% of the position

Long on Nado Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.744%−$74 on $10k

Price spread, last 7 days+0.030%+$3 · spread now +0.026%, 7d avg −0.028%

Together, before fees−0.714%+ Points / potential airdropNado: Active · farm board−$71 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.054% dearer against Nado than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of −0.028%): +$5 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 3 days (−0.744% in total) that is about 6 hours. The two prices were read 49 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	587.45	0.1406	pay 0.0176% / 1h	13m 44s	$1.3M	$465K	10x
Short	Bybit XMRUSDT	587.60	0.1186	get 0.1186% / 8h	7h 13m	$47.3M	$64.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$45.99
Price spread: +0.026% → −0.028%: $5.4
Slippage, 4 orders: −$35.83
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$94.43
Costs to cover: 0.538%
Break-even: never at this rate

Slippage from Nado: live order book, 5 min ago; Bybit: live order book, 5 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, 5 min ago	7.57 bp	17.7 bp −$18	42.2 bp −$422	16023.4 bp −$1.60M	doesn't fit
Sell Bybit live order book, 5 min ago	0.09 bp	13.5 bp −$13	26.9 bp −$269	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	586.22	−0.209%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.586%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	587.75	+0.051%	$1.0M	$662K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	586.60	−0.144%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	586.74	−0.120%	$1.1M	$1.6M	20x	as long as short
dYdX XMR-USD	+0.0104%	1h	586.42	−0.175%	$106K	$50K	5x	as long as short
Aevo XMR-PERP	+0.0184%	1h	587.45	+0.001%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0427%	8h	587.26	−0.031%	$21.3M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0428%	8h	587.44	−0.001%	$53.6M	$167.1M	75x	as long as short
Bitget XMRUSDT	+0.0554%	8h	587.35	−0.016%	$9.6M	$14.5M	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-USDT	+0.0616%	8h	587.79	+0.059%	$2.8M	$11.5M	75x	as long as short
Aster XMRUSDT	+0.0620%	8h	586.69	−0.128%	$652K	$2.5M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0649%	1h	586.25	−0.203%	$5.6M	$20.5M	50x	as long as short
Pacifica XMR	+0.0659%	1h	587.21	−0.040%	$278K	$1.1M	10x	as long as short
Gate XMR_USDT	+0.0717%	8h	586.96	−0.083%	$1.6M	$4.6M	50x	as long as short
KuCoin XMRUSDTM	+0.0722%	8h	587.38	−0.011%	$48.1M	$26.1M	50x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0869% / S −0.2458%	1h	585.86	−0.270%	$546K	—	100x	as long as short
GRVT XMR_USDT_Perp	+0.0869%	8h	586.60	−0.144%	$347K	$792K	10x	as long as short
Variational Omni XMR	+0.0884%	8h	587.59	+0.025%	$6.7M	$2.6M	—	as long as short
Backpack XMR_USDC_PERP	+0.0979%	1h	586.84	−0.103%	$184K	$535K	20x	as long as short
Orderly PERP_XMR_USDC	+0.1041%	8h	587.22	−0.038%	$42K	$739K	10x	as long as short
BingX XMR-USDT	+0.1111%	8h	587.51	+0.011%	—	$5.8M	—	as long as short
Polymarket Perps XMR-USD	+0.1118%	1h	587.57	+0.021%	$46K	$1.9M	5x	as long as short
Bybit XMRUSDTshort	+0.1186%	8h	587.60	+0.026%	$47.3M	$64.8M	75x
Lighter XMR	+0.1224%	1h	587.36	−0.015%	$3.3M	$7.2M	10x	as long as short
SoDEX XMR-USD	+0.1239%	1h	587.37	−0.013%	$446K	$3K	5x	as long as short
Paradex XMR-USD-PERP	+0.1271%	8h	587.24	−0.036%	$8K	$4K	20x	as long as short
Nado XMR-PERPlong	+0.1406%	1h	587.45	long leg	$1.3M	$465K	10x
Hyperliquid XMR	+0.1942%	1h	587.40	−0.008%	$89.2M	$73.1M	5x	as long as short
Extended XMR-USD	+0.2464%	1h	587.29	−0.026%	$3.1M	$8.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2654%	1h	587.52	+0.013%	$1K	$46K	10x	as long as short