Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0029%/8h= −3.2% APRpaid last 24h +0.131%

Price spread now: Nado against Variational Omni−0.116%7-day average +0.009% · you buy dearer than you sell

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

Long on Variational Omni Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.472%+$47 on $10k

Price spread, last 7 days+0.293%+$29 · spread now −0.116%, 7d avg +0.009%

Together, before fees+0.765%+ Points / potential airdropVariational Omni: Active · Nado: Active · farm board+$76 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Nado is 0.125% cheaper against Variational Omni than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.009%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.472%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XMR	574.39	0.1142	pay 0.1142% / 8h	3h 10m	$6.4M	$2.3M	—
Short	Nado XMR-PERP	573.72	0.1113	get 0.0139% / 1h	10m 24s	$1.3M	$458K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Variational Omni. 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 Variational OmnibpFee NadobpOrdersPrice spread, now −0.116%Rate

Funding earned: −$6.15
Price spread: −0.116% → +0.009%: −$12.49
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$25.64
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Nado: live order book, 3 min ago. 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 Variational Omni RFQ quote, 4 min ago	2.80 bp	doesn't fit	13.9 bp −$139	doesn't fit	doesn't fit
Sell Nado live order book, 3 min ago	7.82 bp	13.5 bp −$14	40.9 bp −$409	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 −0.0003%	1h	572.54	−0.322%	$37K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.421%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	576.00	+0.281%	$1.0M	$642K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	574.32	−0.012%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	573.00	−0.242%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0224%	1h	575.92	+0.267%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSD	+0.0226%	1h	573.14	−0.218%	$5.4M	$19.1M	50x	as long as short
KuCoin XMRUSDTM	+0.0294%	8h	573.57	−0.143%	$44.9M	$26.4M	50x	as long as short
Paradex XMR-USD-PERP	+0.0485%	8h	573.99	−0.070%	$8K	$4K	20x	as long as short
Bitget XMRUSDT	+0.0521%	8h	573.75	−0.111%	$9.5M	$13.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XMR_USDT	+0.0567%	8h	573.76	−0.109%	$1.5M	$4.5M	50x	as long as short
Binance XMRUSDT	+0.0570%	8h	573.48	−0.159%	$52.4M	$163.0M	75x	as long as short
MEXC XMR_USDT	+0.0571%	8h	573.74	−0.113%	$19.8M	$14.7M	100x	as long as short
Lighter XMR	+0.0608%	1h	573.82	−0.099%	$3.1M	$7.6M	10x	as long as short
BingX XMR-USDT	+0.0613%	8h	573.66	−0.127%	—	$5.6M	—	as long as short
Bybit XMRUSDT	+0.0639%	8h	573.50	−0.155%	$46.6M	$64.3M	75x	as long as short
Pacifica XMR	+0.0682%	1h	573.74	−0.113%	$266K	$1.0M	10x	as long as short
Backpack XMR_USDC_PERP	+0.0695%	1h	573.85	−0.094%	$169K	$532K	20x	as long as short
Extended XMR-USD	+0.0696%	1h	573.40	−0.173%	$3.1M	$8.3M	25x	as long as short
Polymarket Perps XMR-USD	+0.0715%	1h	573.28	−0.193%	$28K	$2.2M	5x	as long as short
Aster XMRUSDT	+0.0722%	8h	573.67	−0.125%	$641K	$2.3M	75x	as long as short
dYdX XMR-USD	+0.0839%	1h	572.66	−0.301%	$104K	$44K	5x	as long as short
BloFin XMR-USDT	+0.0941%	8h	574.72	+0.058%	$2.7M	$11.2M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0980%	8h	575.70	+0.228%	$341K	$739K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0990% / S −0.1256%	1h	573.34	−0.182%	$591K	—	100x	as long as short
Nado XMR-PERPshort	+0.1113%	1h	573.72	−0.116%	$1.3M	$458K	10x
Variational Omni XMRlong	+0.1142%	8h	574.39	long leg	$6.4M	$2.3M	—
Orderly PERP_XMR_USDC	+0.1149%	8h	574.02	−0.064%	$40K	$735K	10x	as long as short
Hyperliquid XMR	+0.1203%	1h	573.31	−0.188%	$86.4M	$71.2M	5x	as long as short
SoDEX XMR-USD	+0.1377%	1h	574.34	−0.008%	$437K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.1883%	1h	573.39	−0.174%	$2K	$43K	10x	as long as short