Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h −0.183%

Price spread now: KuCoin against Nado−0.185%51s7-day average −0.084% · 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−$650.649% of the position

Long on Nado Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.630%−$63 on $10k

Price spread, last 7 days+0.189%+$19 · spread now −0.185%, 7d avg −0.084%

Together, before fees−0.441%+ Points / potential airdropNado: Active · farm board−$44 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.101% cheaper against Nado than usual: you would sell low and buy high (spread −0.185% now, against its 7-day average of −0.084%). If the spread goes back, that is −$10 on $10k: about 2.9 days of funding at the current rate (+$3 a day). Mind the row above: over the last 3 days funding on this pair cost −0.630%, so the current rate has only just turned in your favour. The two prices were read 51 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	585.23	0.0665	pay 0.0083% / 1h	58m 39s	$1.3M	$466K	10x
Short	KuCoin XMRUSDTM	584.15	0.0781	get 0.0781% / 8h	5h 58m	$47.9M	$26.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.185%Rate

Funding earned: $24.38
Price spread: −0.185% → −0.084%: −$10.13
Slippage, 4 orders: −$45.86
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$50.6
Costs to cover: 0.649%
Break-even: 21.5 days

Slippage from Nado: live order book, 5 min ago; KuCoin: 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	8.52 bp	12.0 bp −$12	34.9 bp −$349	15634.1 bp −$1.56M	doesn't fit
Sell KuCoin live order book, 5 min ago	3.41 bp	19.1 bp −$19	42.0 bp −$420	doesn't fit	doesn't fit

XMR on 30 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	584.38	−0.145%	$35K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.970%	$3K	$4K	12x	as long as short
dYdX XMR-USD	+0.0081%	1h	583.18	−0.351%	$106K	$50K	5x	as long as short
edgeX XMRUSDC	+0.0100%	4h	586.49	+0.215%	$1.0M	$670K	10x	as long as short
Polymarket Perps XMR-USD	+0.0100%	1h	585.54	+0.053%	$31K	$2.1M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	586.04	+0.138%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	585.95	+0.123%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	585.70	+0.080%	$12K	—	3x	as long as short
Backpack XMR_USDC_PERP	+0.0279%	1h	584.34	−0.153%	$172K	$539K	20x	as long as short
MEXC XMR_USDT	+0.0520%	8h	584.26	−0.166%	$20.8M	$15.1M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XMRUSDT	+0.0520%	8h	584.08	−0.197%	$53.3M	$167.7M	75x	as long as short
Lighter XMR	+0.0536%	1h	583.88	−0.231%	$3.3M	$7.1M	10x	as long as short
Bitget XMRUSDT	+0.0620%	8h	584.00	−0.211%	$9.5M	$14.2M	50x	as long as short
Nado XMR-PERPlong	+0.0665%	1h	585.23	long leg	$1.3M	$466K	10x
Aster XMRUSDT	+0.0707%	8h	584.08	−0.196%	$651K	$2.4M	75x	as long as short
SoDEX XMR-USD	+0.0735%	1h	585.54	+0.053%	$445K	$3K	5x	as long as short
BingX XMR-USDT	+0.0757%	8h	584.08	−0.197%	—	$5.8M	—	as long as short
Bybit XMRUSDT	+0.0770%	8h	584.00	−0.211%	$47.3M	$65.0M	75x	as long as short
KuCoin XMRUSDTMshort	+0.0781%	8h	584.15	−0.185%	$47.9M	$26.1M	50x
Gate XMR_USDT	+0.0782%	8h	583.52	−0.293%	$1.6M	$4.5M	50x	as long as short
Hyperliquid XMR	+0.0921%	1h	584.51	−0.123%	$88.3M	$73.1M	5x	as long as short
Kraken Futures PF_XMRUSD	+0.0955%	1h	584.02	−0.206%	$5.5M	$20.5M	50x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0968% / S −0.1236%	1h	584.34	−0.153%	$652K	—	100x	as long as short
Pacifica XMR	+0.0996%	1h	584.08	−0.197%	$269K	$1.1M	10x	as long as short
Variational Omni XMR	+0.1060%	8h	586.46	+0.210%	$6.7M	$2.5M	—	as long as short
GRVT XMR_USDT_Perp	+0.1061%	8h	586.38	+0.197%	$343K	$773K	10x	as long as short
Orderly PERP_XMR_USDC	+0.1081%	8h	585.50	+0.046%	$42K	$736K	10x	as long as short
Paradex XMR-USD-PERP	+0.1185%	8h	584.21	−0.175%	$8K	$4K	20x	as long as short
Extended XMR-USD	+0.1704%	1h	583.89	−0.229%	$3.1M	$8.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2660%	1h	586.20	+0.166%	$1K	$46K	10x	as long as short