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

XMR

all XMR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0658%/8h= −72.1% APRnext payment $0.82 per $10,000 · paid last 24h −0.144%
Price spread now: Lighter against Nado+0.016%47s7-day average −0.045% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$400.397% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.554%−$55 on $10k
Price spread, last 7 days+0.064%+$6 · spread now +0.016%, 7d avg −0.045%
Together, before fees−0.489%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board−$49 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.062% dearer against Nado than usual: you sell high and buy low (spread +0.016% now, against its 7-day average of −0.045%): +$6 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 7 hours. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado XMR-PERP571.470.0978pay 0.0122% / 1h3m 35s$1.2M$245K10x
ShortLighter XMR571.560.0320get 0.0040% / 1h3m 35s$3.0M$5.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
−$138.24
Price spread: +0.016% → −0.045%
$6.17
Slippage, 4 orders
−$32.67
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Lighter: 0 bp × 2 orders
$0
Net
−$171.75
Costs to cover
0.397%
Break-even
never at this rate
Slippage from Nado: live order book, 5 min ago; Lighter: live order book, 4 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 ago10.65 bp14.7 bp −$15196.9 bp −$1,96920077.7 bp −$2.01Mdoesn't fit
Sell Lighter live order book, 4 min ago3.12 bp6.0 bp −$616.8 bp −$168178.2 bp −$17.8Kdoesn't fit

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 −0.0005%1h570.37−0.191%$34K150xas long as short
Injective XMR/USDC PERP+0.0033%1h582.55+1.940%$3K$3K12xas long as short
edgeX XMRUSDC+0.0100%4h573.11+0.287%$1.0M$529K10xas long as short
Polymarket Perps XMR-USD+0.0100%1h571.15−0.055%$30K$1.5M5xas long as short
SunX XMR-USDT+0.0100%8h570.99−0.083%$2K$1.1M20xas long as short
HTX XMR-USDT+0.0100%8h570.00−0.256%$1.1M$1.0M20xas long as short
Aevo XMR-PERP+0.0200%1h571.57+0.019%$12K3xas long as short
Lighter XMRshort+0.0320%1h571.56+0.016%$3.0M$5.6M10x
Kraken Futures PF_XMRUSD+0.0373%1h570.64−0.144%$5.4M$7.6M50xas long as short
Gate XMR_USDT+0.0417%8h571.51+0.008%$1.6M$2.7M50xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin XMRUSDTM+0.0448%8h571.48+0.003%$45.3M$17.0M50xas long as short
MEXC XMR_USDT+0.0463%8h572.04+0.101%$19.9M$9.7M100xas long as short
Binance XMRUSDT+0.0464%8h572.03+0.100%$52.3M$97.9M75xas long as short
Bybit XMRUSDT+0.0487%8h572.12+0.115%$46.4M$47.1M75xas long as short
Pacifica XMR+0.0550%1h571.92+0.080%$270K$736K10xas long as short
BingX XMR-USDT+0.0561%8h572.14+0.118%$5.0Mas long as short
Aster XMRUSDT+0.0567%8h571.20−0.046%$660K$1.5M75xas long as short
Hyperliquid XMR+0.0588%1h571.76+0.052%$86.8M$55.9M5xas long as short
Bitget XMRUSDT+0.0607%8h571.94+0.083%$9.3M$10.1M50xas long as short
Extended XMR-USD+0.0616%1h571.93+0.082%$3.0M$7.3M25xas long as short
Paradex XMR-USD-PERP+0.0730%8h571.63+0.029%$8K$1K20xas long as short
GRVT XMR_USDT_Perp+0.0765%8h572.81+0.236%$333K$639K10xas long as short
Variational Omni XMR+0.0787%8h572.38+0.160%$6.1M$2.4Mas long as short
BloFin XMR-USDT+0.0789%8h570.35−0.195%$2.7M$9.6M75xas long as short
Nado XMR-PERPlong+0.0978%1h571.47long leg$1.2M$245K10x
GMX XMR/USD [WBTC.b-USDC]L +0.0982% / S −0.1195%1h570.49−0.171%$593K100xas long as short
SoDEX XMR-USD+0.1047%1h571.71+0.043%$435K$4K5xas long as short
Orderly PERP_XMR_USDC+0.1092%8h571.53+0.011%$41K$394K10xas long as short
Backpack XMR_USDC_PERP+0.1192%1h571.43−0.006%$128K$415K20xas long as short
dYdX XMR-USD+0.1835%1h570.59−0.153%$103K$26K5xas long as short
Aftermath Perps XMRUSD+0.2049%1h571.57+0.018%$1K$38K10xas long as short