Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0827%/8h= +90.6% APRpaid last 24h +0.320%

Price spread now: Nado against SunX−0.500%48s7-day average +0.091% · 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−$860.861% of the position

Long on SunX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.917%+$92 on $10k

Price spread, last 4 days (all we have)+0.628%+$63 · spread now −0.500%, 7d avg +0.091%

Together, before fees+1.546%+ Points / potential airdropNado: Active · farm board+$155 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.590% cheaper against SunX than usual: you would sell low and buy high (spread −0.500% now, against its 7-day average of +0.091%). If the spread goes back, that is −$59 on $10k: about 2.4 days of funding at the current rate (+$25 a day). 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	SunX XMR-USDT	578.48	0.0100	pay 0.0100% / 8h	1h 13m	$2K	$1.4M	20x
Short	Nado XMR-PERP	575.59	0.0927	get 0.0116% / 1h	13m 28s	$1.3M	$420K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against SunX. 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 SunXbpFee NadobpOrdersPrice spread, now −0.500%Rate

Funding earned: $173.72
Price spread: −0.500% → +0.091%: −$59.01
Slippage, 4 orders: −$71.11
Fee SunX: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $28.59
Costs to cover: 0.861%
Break-even: 5.8 days

Slippage from SunX: live order book, 12 min ago; Nado: 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 SunX live order book, 12 min ago	13.47 bp	36.0 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 5 min ago	5.88 bp	11.9 bp −$12	37.6 bp −$376	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 −0.0004%	1h	575.69	−0.482%	$32K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+0.704%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	578.74	+0.045%	$1.0M	$585K	10x	as long as short
SunX XMR-USDTlong	+0.0100%	8h	578.48	long leg	$2K	$1.4M	20x
HTX XMR-USDT	+0.0100%	8h	578.00	−0.083%	$1.1M	$1.3M	20x	as long as short
Lighter XMR	+0.0216%	1h	575.38	−0.536%	$3.1M	$6.2M	10x	as long as short
Extended XMR-USD	+0.0232%	1h	575.36	−0.540%	$3.0M	$8.1M	25x	as long as short
Aevo XMR-PERP	+0.0240%	1h	577.14	−0.232%	$12K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0321%	8h	575.36	−0.539%	$45.5M	$21.5M	50x	as long as short
Polymarket Perps XMR-USD	+0.0459%	1h	575.36	−0.539%	$23K	$1.9M	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX XMR-USD	+0.0497%	1h	574.66	−0.660%	$104K	$43K	5x	as long as short
Bitget XMRUSDT	+0.0592%	8h	575.68	−0.484%	$9.6M	$11.2M	50x	as long as short
BingX XMR-USDT	+0.0596%	8h	575.79	−0.465%	—	$5.3M	—	as long as short
Bybit XMRUSDT	+0.0601%	8h	575.43	−0.527%	$46.8M	$56.3M	75x	as long as short
Binance XMRUSDT	+0.0621%	8h	575.59	−0.500%	$52.4M	$124.9M	75x	as long as short
MEXC XMR_USDT	+0.0624%	8h	575.53	−0.510%	$20.2M	$14.5M	100x	as long as short
Kraken Futures PF_XMRUSD	+0.0631%	1h	575.74	−0.474%	$5.4M	$12.9M	50x	as long as short
Gate XMR_USDT	+0.0674%	8h	575.36	−0.539%	$1.6M	$3.3M	50x	as long as short
Paradex XMR-USD-PERP	+0.0744%	8h	575.59	−0.500%	$8K	$3K	20x	as long as short
Hyperliquid XMR	+0.0780%	1h	575.51	−0.513%	$87.2M	$64.0M	5x	as long as short
Aster XMRUSDT	+0.0786%	8h	575.40	−0.532%	$642K	$1.9M	75x	as long as short
SoDEX XMR-USD	+0.0903%	1h	576.74	−0.301%	$438K	$3K	5x	as long as short
Nado XMR-PERPshort	+0.0927%	1h	575.59	−0.500%	$1.3M	$420K	10x
GRVT XMR_USDT_Perp	+0.0983%	8h	579.29	+0.140%	$336K	$665K	10x	as long as short
BloFin XMR-USDT	+0.0995%	8h	578.69	+0.036%	$2.7M	$10.7M	75x	as long as short
Pacifica XMR	+0.1002%	1h	575.53	−0.510%	$268K	$876K	10x	as long as short
Backpack XMR_USDC_PERP	+0.1014%	1h	576.01	−0.427%	$175K	$485K	20x	as long as short
Variational Omni XMR	+0.1063%	8h	578.48	0.000%	$6.3M	$2.4M	—	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1169% / S −0.1566%	1h	574.54	−0.681%	$596K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1182%	8h	575.73	−0.475%	$40K	$542K	10x	as long as short
Aftermath Perps XMRUSD	+0.1865%	1h	576.12	−0.408%	$1K	$41K	10x	as long as short