Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0886%/8h= −97.0% APRpaid last 24h −0.307%

Price spread now: SunX against Nado−0.165%7-day average −0.087% · 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−$92as in the Price arb table

costs, in and out, $10k−$840.843% of the position

Long on Nado Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.865%−$87 on $10k

Price spread, last 4 days (all we have)+0.095%+$10 · spread now −0.165%, 7d avg −0.087%

Together, before fees−0.770%+ Points / potential airdropNado: Active · farm board−$77 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and SunX is 0.078% cheaper against Nado than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.087%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XMR-PERP	583.77	0.0986	pay 0.0123% / 1h	31m 52s	$1.3M	$463K	10x
Short	SunX XMR-USDT	582.81	0.0100	get 0.0100% / 8h	5h 31m	$2K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.165%Rate

Funding earned: −$186.04
Price spread: −0.165% → −0.087%: −$7.81
Slippage, 4 orders: −$69.26
Fee Nado: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$278.1
Costs to cover: 0.843%
Break-even: never at this rate

Slippage from Nado: live order book, 2 min ago; SunX: live order book, 4 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	8.22 bp	12.0 bp −$12	31.5 bp −$315	15703.7 bp −$1.57M	doesn't fit
Sell SunX live order book, 4 min ago	13.39 bp	24.2 bp −$24	doesn't fit	doesn't fit	doesn't fit

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 −0.0010%	1h	582.33	−0.247%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	−0.209%	$3K	$6K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	583.16	−0.105%	$1.0M	$658K	10x	as long as short
SunX XMR-USDTshort	+0.0100%	8h	582.81	−0.165%	$2K	$1.9M	20x
HTX XMR-USDT	+0.0100%	8h	582.76	−0.173%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	583.29	−0.082%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0335%	1h	582.27	−0.257%	$105K	$50K	5x	as long as short
Polymarket Perps XMR-USD	+0.0465%	1h	583.27	−0.086%	$31K	$2.1M	5x	as long as short
MEXC XMR_USDT	+0.0518%	8h	583.94	+0.029%	$20.7M	$15.2M	100x	as long as short
Binance XMRUSDT	+0.0520%	8h	583.58	−0.032%	$53.1M	$166.9M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XMR	+0.0568%	1h	583.27	−0.086%	$3.3M	$7.1M	10x	as long as short
Gate XMR_USDT	+0.0580%	8h	583.21	−0.096%	$1.6M	$4.5M	50x	as long as short
BingX XMR-USDT	+0.0600%	8h	583.76	−0.002%	—	$5.7M	—	as long as short
Bitget XMRUSDT	+0.0610%	8h	583.74	−0.006%	$9.6M	$14.2M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0618%	1h	582.95	−0.141%	$171K	$538K	20x	as long as short
Bybit XMRUSDT	+0.0635%	8h	584.12	+0.060%	$47.4M	$64.4M	75x	as long as short
Aster XMRUSDT	+0.0713%	8h	583.58	−0.033%	$649K	$2.4M	75x	as long as short
KuCoin XMRUSDTM	+0.0774%	8h	583.08	−0.119%	$47.9M	$26.1M	50x	as long as short
BloFin XMR-USDT	+0.0793%	8h	583.85	+0.013%	$2.7M	$11.4M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0959%	1h	581.77	−0.343%	$5.5M	$19.6M	50x	as long as short
Paradex XMR-USD-PERP	+0.0984%	8h	583.54	−0.040%	$8K	$4K	20x	as long as short
Nado XMR-PERPlong	+0.0986%	1h	583.77	long leg	$1.3M	$463K	10x
GRVT XMR_USDT_Perp	+0.0996%	8h	583.65	−0.021%	$345K	$766K	10x	as long as short
Pacifica XMR	+0.0996%	1h	583.58	−0.033%	$265K	$1.1M	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1021% / S −0.1362%	1h	582.21	−0.267%	$649K	—	100x	as long as short
Variational Omni XMR	+0.1083%	8h	582.84	−0.160%	$6.6M	$2.4M	—	as long as short
Orderly PERP_XMR_USDC	+0.1103%	8h	583.43	−0.059%	$42K	$736K	10x	as long as short
Hyperliquid XMR	+0.1144%	1h	583.57	−0.035%	$87.7M	$71.6M	5x	as long as short
Extended XMR-USD	+0.1264%	1h	583.93	+0.027%	$3.1M	$8.0M	25x	as long as short
SoDEX XMR-USD	+0.1329%	1h	583.54	−0.040%	$443K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.2570%	1h	582.98	−0.136%	$2K	$46K	10x	as long as short