Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0212%/8h= +23.2% APRpaid last 24h +0.038%

Price spread now: Orderly against Nado−0.016%7-day average −0.030% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.071%+$7 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now −0.016%, 7d avg −0.030%

Together, before fees+0.050%+ Points / potential airdropNado: Active · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.030%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.071% in total (about 7.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XMR-PERP	574.35	0.0908	pay 0.0113% / 1h	56m 03s	$1.3M	$318K	10x
Short	Orderly PERP_XMR_USDC	574.26	0.1120	get 0.1120% / 8h	7h 56m	$40K	$434K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.016%Rate

Funding earned: $44.57
Price spread: −0.016% → −0.030%: $1.35
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: $32.92
Costs to cover: 0.130%
Break-even: 1.8 days

Slippage unknown: Nado: live order book, 2 min ago; Orderly: no order-book sample. Net counts fees only.

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	9.25 bp	12.9 bp −$13	54.2 bp −$542	16051.1 bp −$1.61M	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0005%	1h	573.46	−0.155%	$34K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.427%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	572.24	−0.368%	$1.0M	$542K	10x	as long as short
Polymarket Perps XMR-USD	+0.0100%	1h	573.81	−0.094%	$30K	$1.7M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	574.00	−0.061%	$2K	$1.2M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	573.87	−0.084%	$1.1M	$1.1M	20x	as long as short
Aevo XMR-PERP	+0.0200%	1h	574.53	+0.031%	$12K	—	3x	as long as short
Extended XMR-USD	+0.0224%	1h	574.10	−0.044%	$3.0M	$7.7M	25x	as long as short
KuCoin XMRUSDTM	+0.0339%	8h	574.38	+0.005%	$45.4M	$18.0M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0371%	1h	573.25	−0.191%	$5.4M	$9.3M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit XMRUSDT	+0.0474%	8h	573.51	−0.147%	$46.5M	$49.7M	75x	as long as short
MEXC XMR_USDT	+0.0495%	8h	574.37	+0.003%	$20.2M	$9.6M	100x	as long as short
GRVT XMR_USDT_Perp	+0.0495%	8h	572.47	−0.327%	$342K	$630K	10x	as long as short
Binance XMRUSDT	+0.0496%	8h	574.03	−0.056%	$52.4M	$106.7M	75x	as long as short
Bitget XMRUSDT	+0.0531%	8h	573.65	−0.122%	$9.4M	$10.2M	50x	as long as short
Pacifica XMR	+0.0550%	1h	574.67	+0.055%	$268K	$757K	10x	as long as short
BingX XMR-USDT	+0.0560%	8h	574.54	+0.033%	—	$5.3M	—	as long as short
Aster XMRUSDT	+0.0628%	8h	574.30	−0.010%	$642K	$1.6M	75x	as long as short
Hyperliquid XMR	+0.0687%	1h	574.27	−0.014%	$87.1M	$60.2M	5x	as long as short
Paradex XMR-USD-PERP	+0.0690%	8h	574.39	+0.006%	$8K	$2K	20x	as long as short
Lighter XMR	+0.0744%	1h	574.22	−0.024%	$3.1M	$5.5M	10x	as long as short
Gate XMR_USDT	+0.0746%	8h	574.00	−0.061%	$1.6M	$2.6M	50x	as long as short
BloFin XMR-USDT	+0.0803%	8h	574.03	−0.056%	$2.7M	$10.0M	75x	as long as short
Variational Omni XMR	+0.0830%	8h	572.53	−0.318%	$6.2M	$2.3M	—	as long as short
Nado XMR-PERPlong	+0.0908%	1h	574.35	long leg	$1.3M	$318K	10x
SoDEX XMR-USD	+0.1009%	1h	574.35	0.000%	$437K	$3K	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1078% / S −0.1372%	1h	573.33	−0.178%	$597K	—	100x	as long as short
Orderly PERP_XMR_USDCshort	+0.1120%	8h	574.26	−0.016%	$40K	$434K	10x
Backpack XMR_USDC_PERP	+0.1172%	1h	574.14	−0.037%	$136K	$432K	20x	as long as short
dYdX XMR-USD	+0.1265%	1h	573.15	−0.210%	$104K	$29K	5x	as long as short
Aftermath Perps XMRUSD	+0.2114%	1h	572.86	−0.259%	$1K	$39K	10x	as long as short