XMR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0275%/8h= −30.1% APRnext payment −$0.34 per $10,000 · paid last 24h −0.034%

Price spread now: Backpack against Nado−0.321%7-day average −0.120% · 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−$56as in the Price arb table

costs, in and out, $10k−$360.356% of the position

Long on Nado Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.031%−$3 on $10k

Price spread, last 4 days (all we have)+0.037%+$4 · spread now −0.321%, 7d avg −0.120%

Together, before fees+0.005%+ Points / potential airdropNado: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Backpack is 0.201% cheaper against Nado than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.120%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.031% in total (about -3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.34 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XMR-PERP	586.09	0.0981	pay 0.0123% / 1h	9m 09s	$1.3M	$463K	10x
Short	Backpack XMR_USDC_PERP	584.21	0.0706	get 0.0088% / 1h	9m 09s	$171K	$537K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now −0.321%Rate

Funding earned: −$57.72
Price spread: −0.321% → −0.120%: −$20.14
Slippage, 4 orders: −$18.64
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$113.5
Costs to cover: 0.356%
Break-even: never at this rate

Slippage from Nado: live order book, 4 min ago; Backpack: live order book, 55 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, 4 min ago	7.41 bp	10.9 bp −$11	34.1 bp −$341	15725.7 bp −$1.57M	doesn't fit
Sell Backpack live order book, 55 min ago	1.37 bp	6.5 bp −$6	30.6 bp −$306	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	584.97	−0.192%	$46K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	−0.604%	$3K	$6K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	586.63	+0.091%	$1.0M	$654K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	585.07	−0.174%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	584.00	−0.357%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	585.07	−0.174%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0271%	1h	585.03	−0.181%	$106K	$50K	5x	as long as short
Polymarket Perps XMR-USD	+0.0279%	1h	585.48	−0.105%	$23K	$2.1M	5x	as long as short
Lighter XMR	+0.0504%	1h	584.74	−0.231%	$3.3M	$7.2M	10x	as long as short
Bybit XMRUSDT	+0.0507%	8h	584.25	−0.314%	$47.4M	$64.1M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XMR_USDT	+0.0507%	8h	584.11	−0.338%	$20.9M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0508%	8h	584.34	−0.299%	$53.2M	$165.8M	75x	as long as short
Gate XMR_USDT	+0.0557%	8h	584.44	−0.282%	$1.6M	$4.5M	50x	as long as short
BingX XMR-USDT	+0.0573%	8h	584.53	−0.267%	—	$5.7M	—	as long as short
Bitget XMRUSDT	+0.0599%	8h	584.16	−0.330%	$9.6M	$14.1M	50x	as long as short
KuCoin XMRUSDTM	+0.0683%	8h	584.30	−0.306%	$48.0M	$26.0M	50x	as long as short
Backpack XMR_USDC_PERPshort	+0.0706%	1h	584.21	−0.321%	$171K	$537K	20x
Aster XMRUSDT	+0.0721%	8h	585.57	−0.089%	$660K	$2.4M	75x	as long as short
BloFin XMR-USDT	+0.0778%	8h	584.75	−0.229%	$2.7M	$11.4M	75x	as long as short
Paradex XMR-USD-PERP	+0.0898%	8h	585.98	−0.019%	$8K	$4K	20x	as long as short
GRVT XMR_USDT_Perp	+0.0928%	8h	586.80	+0.121%	$341K	$764K	10x	as long as short
Kraken Futures PF_XMRUSD	+0.0956%	1h	583.15	−0.502%	$5.5M	$19.6M	50x	as long as short
Nado XMR-PERPlong	+0.0981%	1h	586.09	long leg	$1.3M	$463K	10x
Pacifica XMR	+0.0996%	1h	585.99	−0.017%	$270K	$1.1M	10x	as long as short
Hyperliquid XMR	+0.1040%	1h	584.46	−0.279%	$88.0M	$71.0M	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1042% / S −0.1407%	1h	584.99	−0.189%	$652K	—	100x	as long as short
Variational Omni XMR	+0.1064%	8h	586.59	+0.084%	$6.7M	$2.4M	—	as long as short
SoDEX XMR-USD	+0.1081%	1h	584.61	−0.253%	$444K	$3K	5x	as long as short
Extended XMR-USD	+0.1096%	1h	584.88	−0.206%	$3.1M	$7.9M	25x	as long as short
Orderly PERP_XMR_USDC	+0.1112%	8h	585.78	−0.053%	$41K	$721K	10x	as long as short
Aftermath Perps XMRUSD	+0.2450%	1h	585.70	−0.068%	$1K	$45K	10x	as long as short