Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0476%/8h= −52.1% APRpaid last 24h −0.173%

Price spread now: Binance against Nado−0.193%48s7-day average −0.008% · 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−$510.507% of the position

Long on Nado Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.578%−$58 on $10k

Price spread, last 7 days+0.189%+$19 · spread now −0.193%, 7d avg −0.008%

Together, before fees−0.389%+ Points / potential airdropNado: Active · farm board−$39 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Binance is 0.185% cheaper against Nado than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.008%). Swap the legs. 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	Nado XMR-PERP	585.96	0.0997	pay 0.0125% / 1h	28m 39s	$1.3M	$463K	10x
Short	Binance XMRUSDT	584.83	0.0521	get 0.0521% / 8h	5h 28m	$53.2M	$166.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.193%Rate

Funding earned: −$99.96
Price spread: −0.193% → −0.008%: −$18.51
Slippage, 4 orders: −$33.65
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$169.12
Costs to cover: 0.507%
Break-even: never at this rate

Slippage from Nado: live order book, 5 min ago; Binance: live order book, 15 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, 5 min ago	8.22 bp	12.0 bp −$12	31.5 bp −$315	15703.7 bp −$1.57M	doesn't fit
Sell Binance live order book, 15 min ago	0.26 bp	14.8 bp −$15	29.5 bp −$295	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	584.72	−0.213%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	−0.583%	$3K	$6K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	583.28	−0.458%	$1.0M	$658K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	585.08	−0.151%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	584.00	−0.335%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	585.29	−0.115%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0316%	1h	583.70	−0.386%	$106K	$50K	5x	as long as short
Polymarket Perps XMR-USD	+0.0453%	1h	585.48	−0.083%	$31K	$2.1M	5x	as long as short
MEXC XMR_USDT	+0.0520%	8h	584.26	−0.291%	$20.7M	$15.2M	100x	as long as short
Binance XMRUSDTshort	+0.0521%	8h	584.83	−0.193%	$53.2M	$166.3M	75x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XMR	+0.0568%	1h	584.42	−0.264%	$3.3M	$7.2M	10x	as long as short
Gate XMR_USDT	+0.0586%	8h	584.95	−0.173%	$1.6M	$4.5M	50x	as long as short
BingX XMR-USDT	+0.0600%	8h	584.24	−0.294%	—	$5.7M	—	as long as short
Bitget XMRUSDT	+0.0612%	8h	584.34	−0.277%	$9.6M	$14.1M	50x	as long as short
Bybit XMRUSDT	+0.0622%	8h	584.22	−0.298%	$47.4M	$64.3M	75x	as long as short
Backpack XMR_USDC_PERP	+0.0676%	1h	585.05	−0.156%	$171K	$538K	20x	as long as short
Aster XMRUSDT	+0.0723%	8h	585.20	−0.131%	$651K	$2.4M	75x	as long as short
KuCoin XMRUSDTM	+0.0772%	8h	584.10	−0.318%	$48.0M	$26.0M	50x	as long as short
BloFin XMR-USDT	+0.0792%	8h	584.85	−0.190%	$2.7M	$11.4M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0956%	1h	583.45	−0.429%	$5.5M	$19.6M	50x	as long as short
Paradex XMR-USD-PERP	+0.0976%	8h	584.23	−0.296%	$8K	$4K	20x	as long as short
GRVT XMR_USDT_Perp	+0.0994%	8h	584.28	−0.288%	$346K	$766K	10x	as long as short
Pacifica XMR	+0.0996%	1h	584.62	−0.230%	$271K	$1.1M	10x	as long as short
Nado XMR-PERPlong	+0.0997%	1h	585.96	long leg	$1.3M	$463K	10x
GMX XMR/USD [WBTC.b-USDC]	L +0.1028% / S −0.1376%	1h	584.60	−0.233%	$651K	—	100x	as long as short
Variational Omni XMR	+0.1086%	8h	583.80	−0.370%	$6.6M	$2.4M	—	as long as short
Orderly PERP_XMR_USDC	+0.1105%	8h	585.43	−0.091%	$41K	$727K	10x	as long as short
Hyperliquid XMR	+0.1139%	1h	584.89	−0.183%	$88.0M	$71.7M	5x	as long as short
Extended XMR-USD	+0.1248%	1h	584.13	−0.313%	$3.1M	$8.0M	25x	as long as short
SoDEX XMR-USD	+0.1328%	1h	584.96	−0.172%	$445K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.2551%	1h	583.42	−0.434%	$2K	$45K	10x	as long as short