Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0427%/8h= −46.7% APRpaid last 24h −0.126%

Price spread now: Gate against Nado−0.139%7-day average −0.079% · 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−$77as in the Price arb table

costs, in and out, $10k−$720.715% of the position

Long on Nado Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.326%−$33 on $10k

Price spread, last 7 days+0.082%+$8 · spread now −0.139%, 7d avg −0.079%

Together, before fees−0.245%+ Points / potential airdropNado: Active · farm board−$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Gate is 0.060% cheaper against Nado than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.079%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XMR-PERP	582.24	0.1053	pay 0.0132% / 1h	41m 10s	$1.3M	$463K	10x
Short	Gate XMR_USDT	581.43	0.0626	get 0.0626% / 8h	5h 41m	$1.6M	$4.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.139%Rate

Funding earned: −$89.63
Price spread: −0.139% → −0.079%: −$5.95
Slippage, 4 orders: −$49.51
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$167.09
Costs to cover: 0.715%
Break-even: never at this rate

Slippage from Nado: live order book, 2 min ago; Gate: 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	7.03 bp	10.7 bp −$11	30.7 bp −$307	15813.0 bp −$1.58M	doesn't fit
Sell Gate live order book, 2 min ago	6.09 bp	22.6 bp −$23	49.7 bp −$497	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	580.84	−0.240%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+2.494%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	583.21	+0.168%	$1.0M	$656K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	581.47	−0.132%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	581.68	−0.096%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	582.26	+0.003%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0358%	1h	581.15	−0.187%	$105K	$50K	5x	as long as short
Polymarket Perps XMR-USD	+0.0494%	1h	582.01	−0.039%	$31K	$2.1M	5x	as long as short
MEXC XMR_USDT	+0.0518%	8h	582.25	+0.002%	$20.7M	$15.2M	100x	as long as short
Binance XMRUSDT	+0.0519%	8h	581.99	−0.042%	$53.0M	$166.8M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XMR	+0.0568%	1h	581.98	−0.044%	$3.3M	$7.1M	10x	as long as short
Backpack XMR_USDC_PERP	+0.0593%	1h	582.37	+0.023%	$171K	$539K	20x	as long as short
Bitget XMRUSDT	+0.0616%	8h	582.04	−0.034%	$9.5M	$14.1M	50x	as long as short
Gate XMR_USDTshort	+0.0626%	8h	581.43	−0.139%	$1.6M	$4.5M	50x
BingX XMR-USDT	+0.0639%	8h	582.31	+0.012%	—	$5.7M	—	as long as short
Bybit XMRUSDT	+0.0668%	8h	582.42	+0.031%	$47.3M	$64.8M	75x	as long as short
Aster XMRUSDT	+0.0710%	8h	582.27	+0.005%	$649K	$2.4M	75x	as long as short
KuCoin XMRUSDTM	+0.0780%	8h	581.70	−0.092%	$47.8M	$26.1M	50x	as long as short
BloFin XMR-USDT	+0.0789%	8h	582.65	+0.071%	$2.8M	$11.4M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0960%	1h	581.05	−0.205%	$5.5M	$19.7M	50x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0995% / S −0.1304%	1h	580.91	−0.228%	$648K	—	100x	as long as short
Pacifica XMR	+0.0996%	1h	582.00	−0.041%	$262K	$1.1M	10x	as long as short
GRVT XMR_USDT_Perp	+0.0998%	8h	583.48	+0.213%	$345K	$766K	10x	as long as short
Paradex XMR-USD-PERP	+0.1006%	8h	582.01	−0.039%	$8K	$4K	20x	as long as short
Nado XMR-PERPlong	+0.1053%	1h	582.24	long leg	$1.3M	$463K	10x
Variational Omni XMR	+0.1069%	8h	581.83	−0.069%	$6.6M	$2.4M	—	as long as short
Orderly PERP_XMR_USDC	+0.1092%	8h	582.13	−0.018%	$42K	$736K	10x	as long as short
Hyperliquid XMR	+0.1185%	1h	582.20	−0.006%	$87.5M	$71.9M	5x	as long as short
SoDEX XMR-USD	+0.1341%	1h	582.25	+0.002%	$443K	$3K	5x	as long as short
Extended XMR-USD	+0.1416%	1h	582.08	−0.027%	$3.1M	$8.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2607%	1h	582.03	−0.036%	$1K	$46K	10x	as long as short