Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0216%/8h= −23.7% APRpaid last 24h −0.192%

Price spread now: KuCoin against Nado−0.154%51s7-day average −0.084% · 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−$750.749% of the position

Long on Nado Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.630%−$63 on $10k

Price spread, last 7 days+0.158%+$16 · spread now −0.154%, 7d avg −0.084%

Together, before fees−0.473%+ Points / potential airdropNado: Active · farm board−$47 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and KuCoin is 0.070% cheaper against Nado than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.084%). Swap the legs. The two prices were read 51 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	583.55	0.0990	pay 0.0124% / 1h	48m 38s	$1.3M	$461K	10x
Short	KuCoin XMRUSDTM	582.65	0.0774	get 0.0774% / 8h	5h 48m	$47.8M	$26.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.154%Rate

Funding earned: −$45.37
Price spread: −0.154% → −0.084%: −$7.01
Slippage, 4 orders: −$55.88
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$127.26
Costs to cover: 0.749%
Break-even: never at this rate

Slippage from Nado: live order book, 5 min ago; KuCoin: 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	5.54 bp	12.4 bp −$12	28.5 bp −$285	15623.0 bp −$1.56M	doesn't fit
Sell KuCoin live order book, 5 min ago	2.74 bp	22.6 bp −$23	51.1 bp −$511	doesn't fit	doesn't fit

XMR on 30 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	582.73	−0.140%	$34K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+2.264%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	585.62	+0.356%	$1.0M	$661K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	583.17	−0.065%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	582.70	−0.145%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	583.55	0.000%	$12K	—	3x	as long as short
Polymarket Perps XMR-USD	+0.0360%	1h	583.48	−0.012%	$31K	$2.1M	5x	as long as short
MEXC XMR_USDT	+0.0516%	8h	582.36	−0.203%	$20.7M	$15.2M	100x	as long as short
Binance XMRUSDT	+0.0516%	8h	582.57	−0.168%	$53.0M	$167.1M	75x	as long as short
dYdX XMR-USD	+0.0519%	1h	581.28	−0.389%	$105K	$50K	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XMR	+0.0520%	1h	582.37	−0.203%	$3.3M	$7.1M	10x	as long as short
Backpack XMR_USDC_PERP	+0.0564%	1h	582.87	−0.116%	$171K	$539K	20x	as long as short
Bitget XMRUSDT	+0.0616%	8h	582.22	−0.227%	$9.5M	$14.2M	50x	as long as short
Gate XMR_USDT	+0.0681%	8h	583.00	−0.094%	$1.6M	$4.5M	50x	as long as short
Bybit XMRUSDT	+0.0696%	8h	582.11	−0.246%	$47.2M	$64.8M	75x	as long as short
Aster XMRUSDT	+0.0705%	8h	582.91	−0.110%	$649K	$2.4M	75x	as long as short
BingX XMR-USDT	+0.0714%	8h	583.26	−0.049%	—	$5.7M	—	as long as short
KuCoin XMRUSDTMshort	+0.0774%	8h	582.65	−0.154%	$47.8M	$26.1M	50x
Kraken Futures PF_XMRUSD	+0.0958%	1h	582.21	−0.229%	$5.5M	$19.9M	50x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0986% / S −0.1279%	1h	582.64	−0.156%	$650K	—	100x	as long as short
Nado XMR-PERPlong	+0.0990%	1h	583.55	long leg	$1.3M	$461K	10x
Pacifica XMR	+0.0996%	1h	582.25	−0.222%	$263K	$1.1M	10x	as long as short
GRVT XMR_USDT_Perp	+0.1019%	8h	586.75	+0.549%	$347K	$786K	10x	as long as short
Paradex XMR-USD-PERP	+0.1058%	8h	582.49	−0.181%	$8K	$4K	20x	as long as short
Hyperliquid XMR	+0.1064%	1h	582.68	−0.149%	$87.7M	$71.8M	5x	as long as short
Variational Omni XMR	+0.1067%	8h	587.01	+0.593%	$6.7M	$2.4M	—	as long as short
Orderly PERP_XMR_USDC	+0.1082%	8h	583.16	−0.066%	$42K	$736K	10x	as long as short
SoDEX XMR-USD	+0.1159%	1h	583.41	−0.024%	$443K	$3K	5x	as long as short
Extended XMR-USD	+0.1496%	1h	582.25	−0.223%	$3.1M	$8.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2623%	1h	584.29	+0.128%	$1K	$46K	10x	as long as short