Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0465%/8h= −51.0% APRpaid last 24h −0.126%

Price spread now: Gate against Nado−0.185%50s7-day average −0.079% · 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−$620.621% of the position

Long on Nado Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.326%−$33 on $10k

Price spread, last 7 days+0.128%+$13 · spread now −0.185%, 7d avg −0.079%

Together, before fees−0.198%+ Points / potential airdropNado: Active · farm board−$20 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 Gate is 0.106% cheaper against Nado than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.079%). Swap the legs. The two prices were read 50 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	581.91	0.0963	pay 0.0120% / 1h	3m 39s	$1.3M	$463K	10x
Short	Gate XMR_USDT	580.84	0.0498	get 0.0498% / 8h	5h 03m	$1.6M	$4.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.185%Rate

Funding earned: −$97.72
Price spread: −0.185% → −0.079%: −$10.56
Slippage, 4 orders: −$40.08
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$170.36
Costs to cover: 0.621%
Break-even: never at this rate

Slippage from Nado: live order book, 5 min ago; Gate: live order book, 5 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	5.74 bp	9.2 bp −$9	35.2 bp −$352	15739.4 bp −$1.57M	doesn't fit
Sell Gate live order book, 5 min ago	3.44 bp	22.3 bp −$22	40.2 bp −$402	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	580.91	−0.172%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+0.109%	$3K	$6K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	581.56	−0.061%	$1.0M	$656K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	581.24	−0.116%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	581.00	−0.157%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0200%	1h	582.10	+0.033%	$12K	—	3x	as long as short
Polymarket Perps XMR-USD	+0.0245%	1h	581.66	−0.044%	$25K	$2.1M	5x	as long as short
dYdX XMR-USD	+0.0286%	1h	581.02	−0.153%	$105K	$44K	5x	as long as short
Lighter XMR	+0.0464%	1h	580.99	−0.159%	$3.3M	$7.2M	10x	as long as short
Bybit XMRUSDT	+0.0469%	8h	581.46	−0.078%	$47.2M	$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	+0.0496%	8h	580.94	−0.168%	$20.7M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0497%	8h	581.10	−0.140%	$52.9M	$165.4M	75x	as long as short
Gate XMR_USDTshort	+0.0498%	8h	580.84	−0.185%	$1.6M	$4.5M	50x
BingX XMR-USDT	+0.0569%	8h	580.91	−0.173%	—	$5.6M	—	as long as short
Bitget XMRUSDT	+0.0586%	8h	581.19	−0.125%	$9.5M	$14.1M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0640%	1h	581.38	−0.092%	$170K	$536K	20x	as long as short
KuCoin XMRUSDTM	+0.0656%	8h	580.84	−0.185%	$47.7M	$26.0M	50x	as long as short
Aster XMRUSDT	+0.0701%	8h	581.00	−0.157%	$654K	$2.4M	75x	as long as short
BloFin XMR-USDT	+0.0768%	8h	581.76	−0.027%	$2.7M	$11.3M	75x	as long as short
Paradex XMR-USD-PERP	+0.0858%	8h	581.17	−0.128%	$8K	$4K	20x	as long as short
GRVT XMR_USDT_Perp	+0.0878%	8h	581.88	−0.006%	$338K	$741K	10x	as long as short
Kraken Futures PF_XMRUSD	+0.0961%	1h	580.56	−0.233%	$5.5M	$19.6M	50x	as long as short
Nado XMR-PERPlong	+0.0963%	1h	581.91	long leg	$1.3M	$463K	10x
Hyperliquid XMR	+0.0972%	1h	581.03	−0.152%	$87.5M	$71.1M	5x	as long as short
Extended XMR-USD	+0.0992%	1h	580.65	−0.218%	$3.1M	$8.2M	25x	as long as short
Pacifica XMR	+0.0996%	1h	581.07	−0.145%	$268K	$1.1M	10x	as long as short
SoDEX XMR-USD	+0.1032%	1h	581.80	−0.020%	$442K	$3K	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1040% / S −0.1407%	1h	580.87	−0.179%	$648K	—	100x	as long as short
Variational Omni XMR	+0.1053%	8h	581.66	−0.044%	$6.6M	$2.4M	—	as long as short
Orderly PERP_XMR_USDC	+0.1107%	8h	581.78	−0.023%	$41K	$720K	10x	as long as short
Aftermath Perps XMRUSD	+0.2409%	1h	582.63	+0.124%	$1K	$45K	10x	as long as short