Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.1096%/8h= −120.1% APRpaid last 24h −0.145%

Price spread now: MEXC against Nado+0.077%51s7-day average −0.003% · 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—prices read too far apart to compare

costs, in and out, $10k−$380.382% of the position

Long on Nado Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.548%−$55 on $10k

Price spread, last 7 days+0.071%+$7 · spread now +0.077%, 7d avg −0.003%

Together, before fees−0.477%+ Points / potential airdropNado: Active · farm board−$48 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.080% dearer against Nado than usual: you sell high and buy low (spread +0.077% now, against its 7-day average of −0.003%): +$8 on $10k if it goes back. Holding the pair costs −$33 a day in funding at the current rate, which eats that in about 6 hours. 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	597.30	0.1427	pay 0.0178% / 1h	26m 33s	$1.3M	$482K	10x
Short	MEXC XMR_USDT	597.76	0.0331	get 0.0331% / 8h	1h 26m	$22.4M	$15.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.077%Rate

Funding earned: −$230.26
Price spread: +0.077% → −0.003%: $8.05
Slippage, 4 orders: −$27.18
Fee Nado: 3.5 bp × 2 orders: −$7
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$260.4
Costs to cover: 0.382%
Break-even: never at this rate

Slippage from Nado: live order book, 2 min ago; MEXC: 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	9.78 bp	13.8 bp −$14	123.6 bp −$1,236	19014.2 bp −$1.90M	doesn't fit
Sell MEXC live order book, 2 min ago	0.08 bp	3.7 bp −$4	31.8 bp −$318	84.9 bp −$8,487	214.1 bp −$107.1K

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	596.60	−0.117%	$44K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	597.69	+0.065%	$48.4M	$61.5M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	597.16	−0.023%	$1.1M	$663K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	596.68	−0.104%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0160%	1h	596.35	−0.159%	$12K	—	3x	as long as short
Variational Omni XMR	+0.0269%	8h	595.77	−0.256%	$6.9M	$2.6M	—	as long as short
MEXC XMR_USDTshort	+0.0331%	8h	597.76	+0.077%	$22.4M	$15.0M	100x
Binance XMRUSDT	+0.0331%	8h	597.99	+0.116%	$54.9M	$162.9M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0381%	1h	597.16	−0.024%	$5.7M	$20.4M	50x	as long as short
Pacifica XMR	+0.0387%	1h	597.69	+0.065%	$271K	$1.0M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX XMR-USDT	+0.0388%	8h	597.68	+0.064%	—	$5.7M	—	as long as short
Bitget XMRUSDT	+0.0411%	8h	597.98	+0.114%	$10.0M	$14.2M	50x	as long as short
BloFin XMR-USDT	+0.0464%	8h	597.94	+0.107%	$2.8M	$11.5M	75x	as long as short
Gate XMR_USDT	+0.0537%	8h	597.09	−0.035%	$1.7M	$4.6M	50x	as long as short
KuCoin XMRUSDTM	+0.0540%	8h	596.94	−0.060%	$48.7M	$25.9M	50x	as long as short
Aster XMRUSDT	+0.0541%	8h	597.62	+0.054%	$679K	$2.3M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0606%	8h	597.76	+0.077%	$355K	$785K	10x	as long as short
Lighter XMR	+0.0616%	1h	597.42	+0.020%	$3.4M	$6.9M	10x	as long as short
Injective XMR/USDC PERP	+0.0695%	1h	596.76	−0.090%	$3K	$6K	12x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0809% / S −0.1288%	1h	596.64	−0.110%	$331K	—	100x	as long as short
Polymarket Perps XMR-USD	+0.0865%	1h	597.67	+0.062%	$23K	$1.8M	5x	as long as short
Paradex XMR-USD-PERP	+0.0867%	8h	597.58	+0.047%	$8K	$4K	20x	as long as short
SoDEX XMR-USD	+0.0925%	1h	597.84	+0.090%	$454K	$3K	5x	as long as short
Orderly PERP_XMR_USDC	+0.0935%	8h	597.39	+0.015%	$45K	$727K	10x	as long as short
Backpack XMR_USDC_PERP	+0.0944%	1h	597.66	+0.060%	$204K	$575K	20x	as long as short
Nado XMR-PERPlong	+0.1427%	1h	597.30	long leg	$1.3M	$482K	10x
dYdX XMR-USD	+0.1662%	1h	595.88	−0.238%	$108K	$50K	5x	as long as short
Extended XMR-USD	+0.1872%	1h	597.58	+0.046%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.2000%	1h	598.12	+0.137%	$89.0M	$68.7M	5x	as long as short
HTX XMR-USDT	+0.2022%	8h	594.96	−0.392%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2470%	1h	596.39	−0.152%	$2K	$47K	10x	as long as short