Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.1406%/8h= +154.0% APRpaid last 24h +0.291%

Price spread now: Nado against SunX+0.041%48s7-day average +0.088% · 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−$790.794% of the position

Long on SunX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.811%+$81 on $10k

Price spread, last 3 days (all we have)+0.041%+$4 · spread now +0.041%, 7d avg +0.088%

Together, before fees+0.851%+ Points / potential airdropNado: Active · farm board+$85 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.047% cheaper against SunX than usual: you would sell low and buy high (spread +0.041% now, against its 7-day average of +0.088%). If the spread goes back, that is −$5 on $10k: about 3 hours of funding at the current rate (+$42 a day). The two prices were read 48 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	SunX XMR-USDT	596.64	0.0100	pay 0.0100% / 8h	1h 35m	$2K	$1.9M	20x
Short	Nado XMR-PERP	596.88	0.1506	get 0.0188% / 1h	35m 33s	$1.3M	$480K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against SunX. 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 SunXbpFee NadobpOrdersPrice spread, now +0.041%Rate

Funding earned: $295.29
Price spread: +0.041% → +0.088%: −$4.66
Slippage, 4 orders: −$64.37
Fee SunX: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $211.26
Costs to cover: 0.794%
Break-even: 2.0 days

Slippage from SunX: live order book, 10 min ago; Nado: live order book, 3 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 SunX live order book, 10 min ago	13.92 bp	36.6 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 3 min ago	2.18 bp	9.9 bp −$10	33.6 bp −$336	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 −0.0009%	1h	596.50	−0.023%	$44K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	596.99	+0.059%	$48.4M	$61.5M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	596.83	+0.033%	$1.1M	$664K	10x	as long as short
SunX XMR-USDTlong	+0.0100%	8h	596.64	long leg	$2K	$1.9M	20x
Aevo XMR-PERP	+0.0160%	1h	595.09	−0.260%	$12K	—	3x	as long as short
Variational Omni XMR	+0.0248%	8h	598.02	+0.231%	$6.9M	$2.7M	—	as long as short
MEXC XMR_USDT	+0.0327%	8h	597.00	+0.060%	$22.4M	$15.0M	100x	as long as short
Binance XMRUSDT	+0.0327%	8h	596.70	+0.009%	$54.8M	$162.7M	75x	as long as short
BingX XMR-USDT	+0.0377%	8h	597.06	+0.070%	—	$5.7M	—	as long as short
Kraken Futures PF_XMRUSD	+0.0382%	1h	596.30	−0.057%	$5.7M	$20.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica XMR	+0.0387%	1h	597.17	+0.089%	$271K	$1.0M	10x	as long as short
Bitget XMRUSDT	+0.0399%	8h	596.85	+0.035%	$9.9M	$14.2M	50x	as long as short
BloFin XMR-USDT	+0.0457%	8h	597.59	+0.159%	$2.8M	$11.5M	75x	as long as short
Gate XMR_USDT	+0.0519%	8h	596.54	−0.017%	$1.6M	$4.5M	50x	as long as short
Aster XMRUSDT	+0.0534%	8h	597.12	+0.080%	$674K	$2.3M	75x	as long as short
KuCoin XMRUSDTM	+0.0538%	8h	596.78	+0.023%	$48.8M	$25.8M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0596%	8h	597.71	+0.179%	$355K	$785K	10x	as long as short
Lighter XMR	+0.0688%	1h	596.96	+0.053%	$3.5M	$6.7M	10x	as long as short
Injective XMR/USDC PERP	+0.0695%	1h	591.89	−0.796%	$3K	$6K	12x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0823% / S −0.1341%	1h	596.19	−0.076%	$341K	—	100x	as long as short
Polymarket Perps XMR-USD	+0.0825%	1h	597.32	+0.114%	$23K	$1.8M	5x	as long as short
Paradex XMR-USD-PERP	+0.0840%	8h	597.33	+0.115%	$8K	$4K	20x	as long as short
SoDEX XMR-USD	+0.0882%	1h	597.30	+0.111%	$454K	$3K	5x	as long as short
Orderly PERP_XMR_USDC	+0.0927%	8h	597.12	+0.080%	$49K	$720K	10x	as long as short
Backpack XMR_USDC_PERP	+0.1015%	1h	596.76	+0.020%	$203K	$575K	20x	as long as short
dYdX XMR-USD	+0.1470%	1h	596.32	−0.053%	$108K	$50K	5x	as long as short
Nado XMR-PERPshort	+0.1506%	1h	596.88	+0.041%	$1.3M	$480K	10x
Extended XMR-USD	+0.1816%	1h	596.93	+0.048%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1977%	1h	597.79	+0.193%	$88.7M	$67.5M	5x	as long as short
HTX XMR-USDT	+0.2088%	8h	594.96	−0.282%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2466%	1h	597.07	+0.073%	$2K	$47K	10x	as long as short