Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1319%/8h= −144.4% APRpaid last 24h +0.385%

Price spread now: HTX against Nado+0.065%7-day average −0.311% · 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−$80as in the Price arb table

costs, in and out, $10k−$1171.175% of the position

Long on Nado Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+1.345%+$135 on $10k

Price spread, last 3 days (all we have)−0.699%−$70 · spread now +0.065%, 7d avg −0.311%

Together, before fees+0.646%+ Points / potential airdropNado: Active · farm board+$65 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.376% dearer against Nado than usual: you sell high and buy low (spread +0.065% now, against its 7-day average of −0.311%): +$38 on $10k if it goes back. Holding the pair costs −$40 a day in funding at the current rate, which eats that in about 23 hours. Mind the row above: over the last 3 days funding on this pair paid +1.345%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XMR-PERP	591.57	0.1419	pay 0.0177% / 1h	33m 26s	$1.3M	$467K	10x
Short	HTX XMR-USDT	591.95	0.0100	get 0.0100% / 8h	7h 33m	$1.1M	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$276.97
Price spread: +0.065% → −0.311%: $37.64
Slippage, 4 orders: −$98.45
Fee Nado: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$356.78
Costs to cover: 1.175%
Break-even: never at this rate

Slippage from Nado: live order book, 5 min ago; HTX: live order book, just now.

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	7.59 bp	13.8 bp −$14	31.0 bp −$310	15456.0 bp −$1.55M	doesn't fit
Sell HTX live order book, just now	20.74 bp	48.5 bp −$48	270.7 bp −$2,707	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	590.39	−0.198%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+0.878%	$3K	$4K	12x	as long as short
dYdX XMR-USD	+0.0070%	1h	589.90	−0.282%	$107K	$50K	5x	as long as short
edgeX XMRUSDC	+0.0100%	4h	592.73	+0.197%	$1.1M	$661K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	592.07	+0.085%	$2K	$2.0M	20x	as long as short
HTX XMR-USDTshort	+0.0100%	8h	591.95	+0.065%	$1.1M	$1.5M	20x
Aevo XMR-PERP	+0.0184%	1h	591.82	+0.043%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0426%	8h	591.83	+0.045%	$21.5M	$15.2M	100x	as long as short
Binance XMRUSDT	+0.0426%	8h	591.68	+0.019%	$54.1M	$166.8M	75x	as long as short
Bitget XMRUSDT	+0.0528%	8h	591.71	+0.025%	$9.7M	$14.4M	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	+0.0608%	8h	592.66	+0.185%	$2.8M	$11.7M	75x	as long as short
Aster XMRUSDT	+0.0636%	8h	591.26	−0.052%	$655K	$2.5M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0644%	1h	590.19	−0.232%	$5.6M	$20.5M	50x	as long as short
Pacifica XMR	+0.0659%	1h	591.45	−0.019%	$278K	$1.1M	10x	as long as short
KuCoin XMRUSDTM	+0.0681%	8h	591.59	+0.004%	$48.5M	$26.1M	50x	as long as short
Variational Omni XMR	+0.0813%	8h	593.30	+0.294%	$6.8M	$2.6M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0871% / S −0.2452%	1h	590.26	−0.220%	$549K	—	100x	as long as short
Gate XMR_USDT	+0.0917%	8h	591.46	−0.018%	$1.6M	$4.6M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0986%	1h	590.82	−0.126%	$200K	$526K	20x	as long as short
Orderly PERP_XMR_USDC	+0.1031%	8h	591.59	+0.004%	$42K	$738K	10x	as long as short
Paradex XMR-USD-PERP	+0.1185%	8h	591.02	−0.092%	$8K	$4K	20x	as long as short
Lighter XMR	+0.1224%	1h	591.23	−0.057%	$3.3M	$7.1M	10x	as long as short
GRVT XMR_USDT_Perp	+0.1256%	8h	593.00	+0.242%	$350K	$804K	10x	as long as short
Polymarket Perps XMR-USD	+0.1292%	1h	591.70	+0.023%	$48K	$1.9M	5x	as long as short
Nado XMR-PERPlong	+0.1419%	1h	591.57	long leg	$1.3M	$467K	10x
SoDEX XMR-USD	+0.1429%	1h	591.35	−0.036%	$449K	$3K	5x	as long as short
BingX XMR-USDT	+0.1447%	8h	591.88	+0.053%	—	$5.8M	—	as long as short
Bybit XMRUSDT	+0.1454%	8h	592.00	+0.074%	$47.7M	$64.5M	75x	as long as short
Hyperliquid XMR	+0.2131%	1h	592.14	+0.097%	$89.8M	$72.5M	5x	as long as short
Extended XMR-USD	+0.2472%	1h	591.64	+0.012%	$3.2M	$7.9M	25x	as long as short
Aftermath Perps XMRUSD	+0.2575%	1h	592.08	+0.087%	$1K	$46K	10x	as long as short