Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0334%/8h= −36.6% APRpaid last 24h −0.107%

Price spread now: Paradex against Nado−0.142%50s7-day average — · you buy dearer than you sell

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

Long on Nado Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · Paradex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Paradex is 0.142% cheaper against Nado than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 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	573.57	0.1004	pay 0.0126% / 1h	46m 48s	$1.2M	$314K	10x
Short	Paradex XMR-USD-PERP	572.75	0.0670	get 0.0670% / 8h	7h 46m	$8K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.142%Rate

Funding earned: −$70.24
Price spread: −0.142% → 0.000%: −$14.22
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$95.46
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 2 min ago; Paradex: 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	8.36 bp	12.7 bp −$13	37.5 bp −$375	15985.3 bp −$1.60M	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	572.51	−0.184%	$34K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.566%	$3K	$3K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	572.39	−0.206%	$46.3M	$49.4M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	574.89	+0.231%	$1.0M	$544K	10x	as long as short
Polymarket Perps XMR-USD	+0.0100%	1h	572.64	−0.162%	$30K	$1.7M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	573.13	−0.077%	$2K	$1.2M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	573.95	+0.066%	$1.1M	$1.1M	20x	as long as short
Aevo XMR-PERP	+0.0200%	1h	573.11	−0.080%	$12K	—	3x	as long as short
Gate XMR_USDT	+0.0226%	8h	572.78	−0.138%	$1.6M	$2.6M	50x	as long as short
Extended XMR-USD	+0.0312%	1h	572.76	−0.142%	$3.0M	$7.5M	25x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XMRUSDTM	+0.0358%	8h	572.52	−0.183%	$45.3M	$17.7M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0372%	1h	571.96	−0.280%	$5.4M	$9.0M	50x	as long as short
Binance XMRUSDT	+0.0491%	8h	572.71	−0.150%	$52.3M	$105.3M	75x	as long as short
MEXC XMR_USDT	+0.0494%	8h	572.69	−0.153%	$20.1M	$9.7M	100x	as long as short
BingX XMR-USDT	+0.0507%	8h	572.57	−0.174%	—	$5.2M	—	as long as short
Bitget XMRUSDT	+0.0537%	8h	573.03	−0.094%	$9.5M	$10.2M	50x	as long as short
Pacifica XMR	+0.0550%	1h	572.59	−0.170%	$270K	$751K	10x	as long as short
Lighter XMR	+0.0552%	1h	572.41	−0.202%	$3.0M	$5.5M	10x	as long as short
Hyperliquid XMR	+0.0606%	1h	572.58	−0.172%	$86.9M	$58.7M	5x	as long as short
Aster XMRUSDT	+0.0619%	8h	572.60	−0.169%	$641K	$1.6M	75x	as long as short
Paradex XMR-USD-PERPshort	+0.0670%	8h	572.75	−0.142%	$8K	$2K	20x
BloFin XMR-USDT	+0.0799%	8h	572.91	−0.115%	$2.7M	$9.9M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0802%	8h	574.55	+0.171%	$344K	$623K	10x	as long as short
Variational Omni XMR	+0.0814%	8h	574.89	+0.230%	$6.2M	$2.3M	—	as long as short
SoDEX XMR-USD	+0.0909%	1h	573.01	−0.098%	$435K	$4K	5x	as long as short
Nado XMR-PERPlong	+0.1004%	1h	573.57	long leg	$1.2M	$314K	10x
GMX XMR/USD [WBTC.b-USDC]	L +0.1077% / S −0.1372%	1h	571.65	−0.334%	$596K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1109%	8h	572.94	−0.110%	$40K	$434K	10x	as long as short
Backpack XMR_USDC_PERP	+0.1264%	1h	572.51	−0.185%	$136K	$430K	20x	as long as short
dYdX XMR-USD	+0.1373%	1h	572.00	−0.273%	$104K	$29K	5x	as long as short
Aftermath Perps XMRUSD	+0.2083%	1h	573.47	−0.017%	$1K	$39K	10x	as long as short