Settings8H · net · $10k
Funding arb · Price arb /

XMR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0905%/8h= −99.1% APRnext payment $1.13 per $10,000 · paid last 24h +0.044%
Price spread now: dYdX against Nado−0.364%7-day average −0.249% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$381as in the Price arb table
costs, in and out, $10k−$3703.698% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.169%−$17 on $10k
Price spread, last 4 days (all we have)−0.867%−$87 · spread now −0.364%, 7d avg −0.249%
Together, before fees−1.036%+ Points / potential airdropNado: Active · farm board−$104 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and dYdX is 0.115% cheaper against Nado than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.249%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.169% in total (about -17.9% a year). A funding rate is set anew for every payment; at this rate the next one is about $1.13 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado XMR-PERP579.480.1220pay 0.0152% / 1h13m 56s$1.3M$450K10x
ShortdYdX XMR-USD577.370.0314get 0.0039% / 1h13m 56s$105K$44K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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

Funding earned
−$190.15
Price spread: −0.364% → −0.249%
−$11.45
Slippage, 4 orders
−$352.77
Fee Nado: 3.5 bp × 2 orders
−$7
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$571.37
Costs to cover
3.698%
Break-even
never at this rate
Slippage from Nado: live order book, 5 min ago; dYdX: live order book, 35 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 5 min ago7.46 bp11.5 bp −$1157.3 bp −$57315985.8 bp −$1.60Mdoesn't fit
Sell dYdX live order book, 35 min ago85.26 bp246.9 bp −$247270.5 bp −$2,705429.5 bp −$42.9K1160.4 bp −$580.2K

XMR on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) XMR/USDL +0.0010% / S −0.0006%1h578.28−0.207%$37K150xas long as short
Injective XMR/USDC PERP+0.0033%1h582.55+0.530%$3K$3K12xas long as short
edgeX XMRUSDC+0.0100%4h576.48−0.517%$1.0M$642K10xas long as short
SunX XMR-USDT+0.0100%8h578.28−0.207%$2K$1.8M20xas long as short
HTX XMR-USDT+0.0100%8h577.00−0.428%$1.1M$1.5M20xas long as short
Aevo XMR-PERP+0.0240%1h579.60+0.022%$12K3xas long as short
dYdX XMR-USDshort+0.0314%1h577.37−0.364%$105K$44K5x
KuCoin XMRUSDTM+0.0330%8h578.66−0.141%$45.4M$26.2M50xas long as short
Bitget XMRUSDT+0.0590%8h579.53+0.009%$9.5M$13.1M50xas long as short
MEXC XMR_USDT+0.0630%8h579.33−0.025%$20.0M$14.6M100xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance XMRUSDT+0.0631%8h579.32−0.027%$53.0M$160.6M75xas long as short
BingX XMR-USDT+0.0669%8h579.31−0.029%$5.6Mas long as short
Gate XMR_USDT+0.0674%8h578.74−0.127%$1.6M$4.3M50xas long as short
Polymarket Perps XMR-USD+0.0687%1h579.25−0.039%$27K$2.1M5xas long as short
Bybit XMRUSDT+0.0710%8h579.09−0.067%$46.8M$64.0M75xas long as short
Extended XMR-USD+0.0736%1h579.06−0.072%$3.0M$8.2M25xas long as short
Kraken Futures PF_XMRUSD+0.0740%1h578.28−0.207%$5.5M$18.8M50xas long as short
Aster XMRUSDT+0.0798%8h579.12−0.062%$652K$2.2M75xas long as short
Lighter XMR+0.0896%1h579.22−0.045%$3.1M$7.6M10xas long as short
Paradex XMR-USD-PERP+0.0908%8h578.71−0.132%$8K$4K20xas long as short
Pacifica XMR+0.0912%1h578.68−0.137%$267K$1.0M10xas long as short
GRVT XMR_USDT_Perp+0.1020%8h575.69−0.654%$346K$727K10xas long as short
BloFin XMR-USDT+0.1038%8h577.98−0.258%$2.7M$11.3M75xas long as short
Hyperliquid XMR+0.1068%1h579.27−0.036%$87.5M$71.0M5xas long as short
GMX XMR/USD [WBTC.b-USDC]L +0.1086% / S −0.1451%1h578.22−0.217%$599K100xas long as short
Variational Omni XMR+0.1180%8h576.19−0.566%$6.2M$2.4Mas long as short
Orderly PERP_XMR_USDC+0.1197%8h579.27−0.036%$41K$665K10xas long as short
Nado XMR-PERPlong+0.1220%1h579.48long leg$1.3M$450K10x
SoDEX XMR-USD+0.1360%1h579.43−0.008%$440K$3K5xas long as short
Backpack XMR_USDC_PERP+0.1423%1h579.01−0.081%$176K$535K20xas long as short
Aftermath Perps XMRUSD+0.2033%1h576.06−0.591%$1K$42K10xas long as short