XMR

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0384%/8h= +42.0% APRnext payment +$0.48 per $10,000 · paid last 24h +0.017%

Price spread now: Nado against Backpack+0.183%7-day average +0.118% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$460.456% of the position

Long on Backpack Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.009%+$1 on $10k

Price spread, last 4 days (all we have)+1.253%+$125 · spread now +0.183%, 7d avg +0.118%

Together, before fees+1.263%+ Points / potential airdropNado: Active · farm board+$126 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Nado is 0.065% dearer against Backpack than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.118%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.009% in total (about 1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.48 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack XMR_USDC_PERP	595.35	0.0985	pay 0.0123% / 1h	20m 36s	$203K	$575K	20x
Short	Nado XMR-PERP	596.44	0.1369	get 0.0171% / 1h	20m 36s	$1.3M	$482K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Backpack. 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 BackpackbpFee NadobpOrdersPrice spread, now +0.183%Rate

Funding earned: $80.6
Price spread: +0.183% → +0.118%: $6.52
Slippage, 4 orders: −$28.61
Fee Backpack: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $41.5
Costs to cover: 0.456%
Break-even: 3.4 days

Slippage from Backpack: live order book, 63 min ago; Nado: live order book, 3 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 Backpack live order book, 63 min ago	1.68 bp	6.7 bp −$7	23.8 bp −$238	doesn't fit	doesn't fit
Sell Nado live order book, 3 min ago	10.13 bp	13.7 bp −$14	154.1 bp −$1,541	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 −0.0009%	1h	594.74	−0.102%	$44K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	595.41	+0.010%	$48.3M	$61.7M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	597.29	+0.327%	$1.1M	$664K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	594.76	−0.099%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0168%	1h	595.93	+0.098%	$12K	—	3x	as long as short
Variational Omni XMR	+0.0282%	8h	597.79	+0.410%	$6.9M	$2.6M	—	as long as short
MEXC XMR_USDT	+0.0331%	8h	595.37	+0.003%	$22.3M	$15.0M	100x	as long as short
Binance XMRUSDT	+0.0332%	8h	595.24	−0.018%	$54.6M	$163.0M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0383%	1h	594.23	−0.189%	$5.7M	$20.4M	50x	as long as short
Pacifica XMR	+0.0387%	1h	595.40	+0.008%	$270K	$1.0M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX XMR-USDT	+0.0394%	8h	595.72	+0.062%	—	$5.7M	—	as long as short
Bitget XMRUSDT	+0.0414%	8h	595.62	+0.045%	$9.9M	$14.2M	50x	as long as short
BloFin XMR-USDT	+0.0467%	8h	595.47	+0.020%	$2.8M	$11.5M	75x	as long as short
Gate XMR_USDT	+0.0535%	8h	595.12	−0.039%	$1.7M	$4.6M	50x	as long as short
KuCoin XMRUSDTM	+0.0537%	8h	594.83	−0.087%	$48.5M	$25.8M	50x	as long as short
Aster XMRUSDT	+0.0545%	8h	596.03	+0.114%	$679K	$2.4M	75x	as long as short
Lighter XMR	+0.0560%	1h	595.19	−0.027%	$3.4M	$6.9M	10x	as long as short
GRVT XMR_USDT_Perp	+0.0603%	8h	597.88	+0.425%	$355K	$785K	10x	as long as short
Injective XMR/USDC PERP	+0.0695%	1h	596.76	+0.237%	$3K	$6K	12x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0807% / S −0.1288%	1h	594.61	−0.125%	$330K	—	100x	as long as short
Paradex XMR-USD-PERP	+0.0871%	8h	595.52	+0.029%	$8K	$4K	20x	as long as short
Polymarket Perps XMR-USD	+0.0879%	1h	597.29	+0.326%	$23K	$1.8M	5x	as long as short
SoDEX XMR-USD	+0.0918%	1h	595.48	+0.022%	$453K	$3K	5x	as long as short
Orderly PERP_XMR_USDC	+0.0945%	8h	595.33	−0.003%	$43K	$729K	10x	as long as short
Backpack XMR_USDC_PERPlong	+0.0985%	1h	595.35	long leg	$203K	$575K	20x
Nado XMR-PERPshort	+0.1369%	1h	596.44	+0.183%	$1.3M	$482K	10x
dYdX XMR-USD	+0.1733%	1h	594.59	−0.128%	$108K	$50K	5x	as long as short
Extended XMR-USD	+0.1896%	1h	595.35	0.000%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1922%	1h	595.58	+0.039%	$88.8M	$68.8M	5x	as long as short
HTX XMR-USDT	+0.1976%	8h	594.78	−0.096%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2447%	1h	596.73	+0.232%	$2K	$47K	10x	as long as short