Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0876%/8h= −95.9% APRpaid last 24h −0.305%

Price spread now: edgeX against Nado−0.139%62s7-day average −0.024% · 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—prices read too far apart to compare

costs, in and out, $10k−$540.544% of the position

Long on Nado Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.923%−$92 on $10k

Price spread, last 7 days+0.075%+$8 · spread now −0.139%, 7d avg −0.024%

Together, before fees−0.848%+ Points / potential airdropNado: Active · edgeX: Active · farm board−$85 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 edgeX is 0.115% cheaper against Nado than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.024%). Swap the legs. The two prices were read 62 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	583.01	0.0976	pay 0.0122% / 1h	36m 12s	$1.3M	$464K	10x
Short	edgeX XMRUSDC	582.20	0.0100	get 0.0050% / 4h	1h 36m	$1.0M	$657K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.139%Rate

Funding earned: −$183.9
Price spread: −0.139% → −0.024%: −$11.53
Slippage, 4 orders: −$38.37
Fee Nado: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$249.8
Costs to cover: 0.544%
Break-even: never at this rate

Slippage from Nado: live order book, 2 min ago; edgeX: live order book, 3 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	6.35 bp	10.0 bp −$10	35.7 bp −$357	15735.9 bp −$1.57M	doesn't fit
Sell edgeX live order book, 3 min ago	11.18 bp	15.7 bp −$16	16.4 bp −$164	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 −0.0010%	1h	581.37	−0.281%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	−0.078%	$3K	$6K	12x	as long as short
edgeX XMRUSDCshort	+0.0100%	4h	582.20	−0.139%	$1.0M	$657K	10x
SunX XMR-USDT	+0.0100%	8h	581.61	−0.240%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	581.99	−0.175%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	582.57	−0.075%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0383%	1h	580.94	−0.354%	$105K	$50K	5x	as long as short
Polymarket Perps XMR-USD	+0.0467%	1h	582.08	−0.159%	$31K	$2.1M	5x	as long as short
Binance XMRUSDT	+0.0517%	8h	582.89	−0.019%	$53.1M	$166.9M	75x	as long as short
MEXC XMR_USDT	+0.0517%	8h	582.86	−0.025%	$20.7M	$15.2M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XMR	+0.0536%	1h	582.67	−0.058%	$3.3M	$7.1M	10x	as long as short
Backpack XMR_USDC_PERP	+0.0566%	1h	581.48	−0.262%	$170K	$539K	20x	as long as short
Gate XMR_USDT	+0.0608%	8h	582.34	−0.114%	$1.6M	$4.5M	50x	as long as short
Bitget XMRUSDT	+0.0610%	8h	582.89	−0.020%	$9.6M	$14.2M	50x	as long as short
BingX XMR-USDT	+0.0620%	8h	582.90	−0.018%	—	$5.7M	—	as long as short
Bybit XMRUSDT	+0.0641%	8h	582.92	−0.015%	$47.3M	$64.8M	75x	as long as short
Aster XMRUSDT	+0.0707%	8h	581.79	−0.210%	$648K	$2.4M	75x	as long as short
KuCoin XMRUSDTM	+0.0771%	8h	582.13	−0.151%	$47.9M	$26.1M	50x	as long as short
BloFin XMR-USDT	+0.0790%	8h	582.13	−0.151%	$2.7M	$11.4M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0960%	1h	580.91	−0.360%	$5.5M	$20.0M	50x	as long as short
Nado XMR-PERPlong	+0.0976%	1h	583.01	long leg	$1.3M	$464K	10x
Paradex XMR-USD-PERP	+0.0979%	8h	581.91	−0.188%	$8K	$4K	20x	as long as short
GRVT XMR_USDT_Perp	+0.0986%	8h	581.62	−0.239%	$344K	$766K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0995% / S −0.1304%	1h	581.58	−0.244%	$648K	—	100x	as long as short
Pacifica XMR	+0.0996%	1h	582.39	−0.106%	$264K	$1.1M	10x	as long as short
Variational Omni XMR	+0.1074%	8h	582.21	−0.137%	$6.6M	$2.4M	—	as long as short
Orderly PERP_XMR_USDC	+0.1097%	8h	582.71	−0.051%	$42K	$736K	10x	as long as short
Hyperliquid XMR	+0.1131%	1h	582.61	−0.068%	$87.6M	$71.5M	5x	as long as short
SoDEX XMR-USD	+0.1300%	1h	583.01	0.000%	$443K	$3K	5x	as long as short
Extended XMR-USD	+0.1304%	1h	582.80	−0.036%	$3.1M	$8.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2577%	1h	582.47	−0.092%	$2K	$46K	10x	as long as short