Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0398%/8h= +43.6% APRpaid last 24h +0.168%

Price spread now: Nado against BingX+0.246%98s7-day average +0.012% · 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−$470.472% of the position

Long on BingX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.620%+$62 on $10k

Price spread, last 7 days−0.166%−$17 · spread now +0.246%, 7d avg +0.012%

Together, before fees+0.453%+ Points / potential airdropNado: Active · farm board+$45 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Nado is 0.234% dearer against BingX than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.012%. The two prices were read 98 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	BingX XMR-USDT	576.03	0.0645	pay 0.0645% / 8h	1h 46m	—	$5.5M	—
Short	Nado XMR-PERP	577.45	0.1043	get 0.0130% / 1h	46m 48s	$1.3M	$445K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against BingX. 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 BingXbpFee NadobpOrdersPrice spread, now +0.246%Rate

Funding earned: $83.57
Price spread: +0.246% → +0.012%: $23.43
Slippage, 4 orders: −$30.21
Fee BingX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $59.8
Costs to cover: 0.472%
Break-even: 2.0 days

Slippage from BingX: live order book, 3 min ago; Nado: live order book, 2 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 BingX live order book, 3 min ago	0.95 bp	14.0 bp −$14	28.5 bp −$285	120.9 bp −$12.1K	doesn't fit
Sell Nado live order book, 2 min ago	6.58 bp	10.3 bp −$10	29.0 bp −$290	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 −0.0004%	1h	575.64	−0.068%	$32K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.132%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	577.89	+0.322%	$1.0M	$635K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	575.83	−0.035%	$2K	$1.7M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	576.95	+0.160%	$1.1M	$1.5M	20x	as long as short
dYdX XMR-USD	+0.0182%	1h	575.66	−0.063%	$104K	$43K	5x	as long as short
Aevo XMR-PERP	+0.0240%	1h	576.99	+0.168%	$12K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0335%	8h	575.88	−0.026%	$45.4M	$24.6M	50x	as long as short
Lighter XMR	+0.0400%	1h	576.16	+0.022%	$3.1M	$6.1M	10x	as long as short
Extended XMR-USD	+0.0496%	1h	575.84	−0.032%	$3.0M	$8.2M	25x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps XMR-USD	+0.0523%	1h	576.48	+0.078%	$23K	$2.1M	5x	as long as short
Bitget XMRUSDT	+0.0592%	8h	576.19	+0.028%	$9.5M	$12.4M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0631%	1h	575.50	−0.091%	$5.4M	$17.3M	50x	as long as short
BingX XMR-USDTlong	+0.0645%	8h	576.03	long leg	—	$5.5M	—
Binance XMRUSDT	+0.0647%	8h	575.93	−0.017%	$52.5M	$146.0M	75x	as long as short
MEXC XMR_USDT	+0.0649%	8h	575.99	−0.007%	$20.0M	$14.4M	100x	as long as short
Bybit XMRUSDT	+0.0673%	8h	575.94	−0.016%	$46.8M	$61.6M	75x	as long as short
Gate XMR_USDT	+0.0681%	8h	576.06	+0.005%	$1.5M	$3.3M	50x	as long as short
Aster XMRUSDT	+0.0807%	8h	576.43	+0.069%	$640K	$2.0M	75x	as long as short
Paradex XMR-USD-PERP	+0.0865%	8h	576.71	+0.118%	$8K	$3K	20x	as long as short
Backpack XMR_USDC_PERP	+0.0877%	1h	575.81	−0.038%	$175K	$531K	20x	as long as short
Hyperliquid XMR	+0.0877%	1h	576.10	+0.012%	$87.1M	$67.5M	5x	as long as short
SoDEX XMR-USD	+0.0996%	1h	576.50	+0.082%	$438K	$3K	5x	as long as short
Pacifica XMR	+0.1002%	1h	576.67	+0.111%	$266K	$944K	10x	as long as short
GRVT XMR_USDT_Perp	+0.1018%	8h	575.73	−0.052%	$335K	$711K	10x	as long as short
Nado XMR-PERPshort	+0.1043%	1h	577.45	+0.246%	$1.3M	$445K	10x
BloFin XMR-USDT	+0.1063%	8h	576.43	+0.069%	$2.7M	$11.0M	75x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1132% / S −0.1504%	1h	575.54	−0.085%	$604K	—	100x	as long as short
Variational Omni XMR	+0.1147%	8h	575.44	−0.102%	$6.2M	$2.4M	—	as long as short
Orderly PERP_XMR_USDC	+0.1194%	8h	576.52	+0.085%	$41K	$604K	10x	as long as short
Aftermath Perps XMRUSD	+0.1969%	1h	576.25	+0.038%	$1K	$42K	10x	as long as short