Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0045%/8h= −5.0% APRpaid last 24h +0.131%

Price spread now: Nado against Variational Omni−0.075%7-day average +0.009% · you buy dearer than you sell

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

Long on Variational Omni Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.472%+$47 on $10k

Price spread, last 7 days+0.252%+$25 · spread now −0.075%, 7d avg +0.009%

Together, before fees+0.724%+ Points / potential airdropVariational Omni: Active · Nado: Active · farm board+$72 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Nado is 0.084% cheaper against Variational Omni than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.009%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.472%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XMR	572.77	0.1129	pay 0.1129% / 8h	3h 21m	$6.3M	$2.3M	—
Short	Nado XMR-PERP	572.34	0.1084	get 0.0136% / 1h	21m 49s	$1.3M	$458K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Variational Omni. 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 Variational OmnibpFee NadobpOrdersPrice spread, now −0.075%Rate

Funding earned: −$9.5
Price spread: −0.075% → +0.009%: −$8.43
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$24.92
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; 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 Variational Omni RFQ quote, 2 min ago	2.79 bp	doesn't fit	10.9 bp −$109	doesn't fit	doesn't fit
Sell Nado live order book, 2 min ago	6.37 bp	12.4 bp −$12	34.5 bp −$345	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 −0.0003%	1h	571.36	−0.247%	$37K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.708%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	573.10	+0.058%	$1.0M	$643K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	572.02	−0.131%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	571.00	−0.309%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0216%	1h	572.94	+0.029%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSD	+0.0226%	1h	571.31	−0.255%	$5.4M	$19.5M	50x	as long as short
Paradex XMR-USD-PERP	+0.0309%	8h	572.60	−0.030%	$8K	$4K	20x	as long as short
KuCoin XMRUSDTM	+0.0317%	8h	571.61	−0.202%	$44.9M	$26.4M	50x	as long as short
Gate XMR_USDT	+0.0508%	8h	572.49	−0.049%	$1.5M	$4.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0517%	8h	573.26	+0.086%	$9.4M	$13.5M	50x	as long as short
MEXC XMR_USDT	+0.0552%	8h	572.65	−0.021%	$19.8M	$14.7M	100x	as long as short
Binance XMRUSDT	+0.0553%	8h	572.69	−0.014%	$52.3M	$163.5M	75x	as long as short
Lighter XMR	+0.0576%	1h	572.40	−0.064%	$3.1M	$7.5M	10x	as long as short
Backpack XMR_USDC_PERP	+0.0582%	1h	571.63	−0.199%	$169K	$532K	20x	as long as short
BingX XMR-USDT	+0.0591%	8h	573.35	+0.101%	—	$5.6M	—	as long as short
Bybit XMRUSDT	+0.0624%	8h	572.88	+0.019%	$46.7M	$64.4M	75x	as long as short
Extended XMR-USD	+0.0664%	1h	572.45	−0.055%	$3.1M	$8.3M	25x	as long as short
Pacifica XMR	+0.0682%	1h	572.44	−0.057%	$265K	$1.0M	10x	as long as short
Aster XMRUSDT	+0.0703%	8h	572.36	−0.071%	$638K	$2.3M	75x	as long as short
Polymarket Perps XMR-USD	+0.0730%	1h	572.04	−0.127%	$25K	$2.2M	5x	as long as short
BloFin XMR-USDT	+0.0910%	8h	573.02	+0.044%	$2.7M	$11.1M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0952%	8h	573.10	+0.057%	$339K	$739K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0988% / S −0.1217%	1h	571.09	−0.293%	$595K	—	100x	as long as short
dYdX XMR-USD	+0.1037%	1h	571.66	−0.194%	$104K	$44K	5x	as long as short
Nado XMR-PERPshort	+0.1084%	1h	572.34	−0.075%	$1.3M	$458K	10x
Variational Omni XMRlong	+0.1129%	8h	572.77	long leg	$6.3M	$2.3M	—
Orderly PERP_XMR_USDC	+0.1134%	8h	572.50	−0.047%	$40K	$735K	10x	as long as short
Hyperliquid XMR	+0.1257%	1h	572.41	−0.063%	$86.3M	$71.2M	5x	as long as short
SoDEX XMR-USD	+0.1379%	1h	572.58	−0.033%	$435K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.1934%	1h	572.25	−0.090%	$1K	$43K	10x	as long as short