Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0366%/8h= +40.1% APRpaid last 24h +0.054%

Price spread now: Nado against Paradex−0.048%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · Nado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.048% cheaper against Paradex than usual: you would sell low and buy high (spread −0.048% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 10 hours of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XMR-USD-PERP	573.66	0.0891	pay 0.0891% / 8h	2h 26m	$8K	$4K	20x
Short	Nado XMR-PERP	573.38	0.1257	get 0.0157% / 1h	26m 27s	$1.3M	$452K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Paradex. 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 ParadexbpFee NadobpOrdersPrice spread, now −0.048%Rate

Funding earned: $76.91
Price spread: −0.048% → 0.000%: −$4.77
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $61.14
Costs to cover: 0.110%
Break-even: 1.4 days

Slippage unknown: Paradex: no order-book sample; Nado: live order book, 2 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
Sell Nado live order book, 2 min ago	8.37 bp	11.9 bp −$12	35.3 bp −$353	doesn't fit	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0003%	1h	572.33	−0.232%	$37K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.550%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	573.33	−0.056%	$1.0M	$640K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	572.52	−0.198%	$2K	$1.8M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	572.95	−0.123%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0232%	1h	573.47	−0.032%	$12K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0323%	8h	572.64	−0.177%	$44.9M	$26.2M	50x	as long as short
dYdX XMR-USD	+0.0404%	1h	572.21	−0.252%	$104K	$44K	5x	as long as short
Bitget XMRUSDT	+0.0573%	8h	573.23	−0.074%	$9.4M	$13.3M	50x	as long as short
Binance XMRUSDT	+0.0616%	8h	573.18	−0.083%	$52.5M	$160.9M	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	+0.0618%	8h	573.24	−0.073%	$19.8M	$14.6M	100x	as long as short
Gate XMR_USDT	+0.0642%	8h	573.04	−0.107%	$1.5M	$4.3M	50x	as long as short
Polymarket Perps XMR-USD	+0.0656%	1h	573.28	−0.066%	$27K	$2.2M	5x	as long as short
BingX XMR-USDT	+0.0676%	8h	573.50	−0.027%	—	$5.6M	—	as long as short
Extended XMR-USD	+0.0704%	1h	573.34	−0.055%	$3.0M	$8.1M	25x	as long as short
Bybit XMRUSDT	+0.0707%	8h	573.11	−0.095%	$46.4M	$64.1M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0748%	1h	572.04	−0.282%	$5.4M	$19.1M	50x	as long as short
Aster XMRUSDT	+0.0767%	8h	572.99	−0.117%	$641K	$2.2M	75x	as long as short
Lighter XMR	+0.0864%	1h	573.13	−0.092%	$3.1M	$7.6M	10x	as long as short
Paradex XMR-USD-PERPlong	+0.0891%	8h	573.66	long leg	$8K	$4K	20x
Pacifica XMR	+0.0912%	1h	573.19	−0.082%	$265K	$1.0M	10x	as long as short
GRVT XMR_USDT_Perp	+0.1009%	8h	573.87	+0.037%	$345K	$727K	10x	as long as short
BloFin XMR-USDT	+0.1014%	8h	573.23	−0.074%	$2.7M	$11.2M	75x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1075% / S −0.1432%	1h	572.09	−0.273%	$592K	—	100x	as long as short
Hyperliquid XMR	+0.1089%	1h	573.29	−0.064%	$86.5M	$71.0M	5x	as long as short
Orderly PERP_XMR_USDC	+0.1188%	8h	572.92	−0.128%	$40K	$690K	10x	as long as short
Variational Omni XMR	+0.1189%	8h	572.35	−0.227%	$6.3M	$2.3M	—	as long as short
SoDEX XMR-USD	+0.1252%	1h	573.18	−0.083%	$436K	$3K	5x	as long as short
Nado XMR-PERPshort	+0.1257%	1h	573.38	−0.048%	$1.3M	$452K	10x
Backpack XMR_USDC_PERP	+0.1377%	1h	572.79	−0.151%	$168K	$531K	20x	as long as short
Aftermath Perps XMRUSD	+0.2062%	1h	572.69	−0.169%	$1K	$43K	10x	as long as short