Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0679%/8h= +74.3% APRpaid last 24h +0.097%

Price spread now: Nado against BloFin−1.325%583s7-day average −0.026% · 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—prices read too far apart to compare

costs, in and out, $10k−$570.567% of the position

Long on BloFin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.381%+$38 on $10k

Price spread, last 3 days (all we have)+1.268%+$127 · spread now −1.325%, 7d avg −0.026%

Together, before fees+1.648%+ Points / potential airdropNado: Active · farm board+$165 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 1.299% cheaper against BloFin than usual: you would sell low and buy high (spread −1.325% now, against its 7-day average of −0.026%). If the spread goes back, that is −$130 on $10k: about 6.4 days of funding at the current rate (+$20 a day). The two prices were read 583 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	BloFin XMR-USDT	591.31	0.0679	pay 0.0679% / 8h	6h 39m	$2.7M	$11.6M	75x
Short	Nado XMR-PERP	583.48	0.1357	get 0.0170% / 1h	39m 06s	$1.3M	$464K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpFee NadobpOrdersPrice spread, now −1.325%Rate

Funding earned: $142.53
Price spread: −1.325% → −0.026%: −$129.89
Slippage, 4 orders: −$37.73
Fee BloFin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$44.09
Costs to cover: 0.567%
Break-even: 9.2 days

Slippage from BloFin: live order book, 10 min ago; Nado: 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 BloFin live order book, 10 min ago	1.78 bp	13.5 bp −$14	23.1 bp −$231	doesn't fit	doesn't fit
Sell Nado live order book, 4 min ago	9.18 bp	12.7 bp −$13	53.1 bp −$531	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	581.80	−1.609%	$33K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+0.922%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	583.29	−1.356%	$1.0M	$666K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	582.44	−1.500%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	581.79	−1.610%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0200%	1h	582.81	−1.437%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0469%	8h	583.00	−1.405%	$20.9M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0470%	8h	583.29	−1.356%	$53.3M	$168.3M	75x	as long as short
Gate XMR_USDT	+0.0471%	8h	582.50	−1.490%	$1.6M	$4.6M	50x	as long as short
dYdX XMR-USD	+0.0504%	1h	581.39	−1.677%	$105K	$50K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0573%	8h	583.05	−1.397%	$9.5M	$14.5M	50x	as long as short
Aster XMRUSDT	+0.0636%	8h	581.93	−1.586%	$646K	$2.5M	75x	as long as short
BloFin XMR-USDTlong	+0.0679%	8h	591.31	long leg	$2.7M	$11.6M	75x
Backpack XMR_USDC_PERP	+0.0713%	1h	582.65	−1.465%	$182K	$535K	20x	as long as short
KuCoin XMRUSDTM	+0.0729%	8h	582.75	−1.448%	$47.7M	$26.2M	50x	as long as short
Pacifica XMR	+0.0821%	1h	582.21	−1.539%	$269K	$1.1M	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0915% / S −0.1124%	1h	581.76	−1.615%	$658K	—	100x	as long as short
Lighter XMR	+0.0920%	1h	582.86	−1.429%	$3.3M	$7.2M	10x	as long as short
GRVT XMR_USDT_Perp	+0.0925%	8h	582.33	−1.519%	$339K	$800K	10x	as long as short
BingX XMR-USDT	+0.0938%	8h	583.32	−1.351%	—	$5.8M	—	as long as short
Bybit XMRUSDT	+0.0960%	8h	583.03	−1.400%	$47.0M	$65.0M	75x	as long as short
Polymarket Perps XMR-USD	+0.0974%	1h	582.99	−1.407%	$60K	$2.0M	5x	as long as short
Variational Omni XMR	+0.0980%	8h	582.65	−1.465%	$6.7M	$2.8M	—	as long as short
Orderly PERP_XMR_USDC	+0.1049%	8h	582.90	−1.422%	$42K	$735K	10x	as long as short
Paradex XMR-USD-PERP	+0.1201%	8h	582.20	−1.541%	$8K	$4K	20x	as long as short
Kraken Futures PF_XMRUSD	+0.1313%	1h	582.13	−1.553%	$5.5M	$20.5M	50x	as long as short
Nado XMR-PERPshort	+0.1357%	1h	583.48	−1.325%	$1.3M	$464K	10x
SoDEX XMR-USD	+0.1454%	1h	583.08	−1.392%	$443K	$3K	5x	as long as short
Hyperliquid XMR	+0.1592%	1h	582.97	−1.410%	$88.0M	$73.1M	5x	as long as short
Extended XMR-USD	+0.2032%	1h	583.01	−1.403%	$3.2M	$8.2M	25x	as long as short
Aftermath Perps XMRUSD	+0.2714%	1h	583.20	−1.371%	$1K	$46K	10x	as long as short