Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0454%/8h= −49.7% APRpaid last 24h −0.103%

Price spread now: Aster against Nado−0.123%7-day average −0.063% · 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−$58as in the Price arb table

costs, in and out, $10k−$520.517% of the position

Long on Nado Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.510%−$51 on $10k

Price spread, last 7 days+0.210%+$21 · spread now −0.123%, 7d avg −0.063%

Together, before fees−0.300%+ Points / potential airdropNado: Active · Aster: Stage 5 · farm board−$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Aster is 0.059% cheaper against Nado than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.063%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XMR-PERP	570.87	0.0981	pay 0.0123% / 1h	5m 33s	$1.2M	$185K	10x
Short	Aster XMRUSDT	570.17	0.0527	get 0.0527% / 8h	6h 05m	$661K	$1.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.123%Rate

Funding earned: −$95.39
Price spread: −0.123% → −0.063%: −$5.93
Slippage, 4 orders: −$36.66
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$152.97
Costs to cover: 0.517%
Break-even: never at this rate

Slippage from Nado: live order book, 1 min ago; Aster: live order book, 1 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, 1 min ago	7.71 bp	17.0 bp −$17	44.5 bp −$445	16577.9 bp −$1.66M	doesn't fit
Sell Aster live order book, 1 min ago	3.15 bp	11.3 bp −$11	43.0 bp −$430	doesn't fit	doesn't fit

XMR on 31 exchanges

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	569.51	−0.239%	$33K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+2.046%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	570.57	−0.053%	$1.0M	$468K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	569.64	−0.216%	$2K	$886K	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	570.65	−0.039%	$1.1M	$934K	20x	as long as short
Aevo XMR-PERP	+0.0200%	1h	570.67	−0.035%	$12K	—	3x	as long as short
Polymarket Perps XMR-USD	+0.0280%	1h	570.75	−0.021%	$30K	$1.5M	5x	as long as short
Binance XMRUSDT	+0.0482%	8h	571.12	+0.043%	$52.5M	$81.4M	75x	as long as short
MEXC XMR_USDT	+0.0482%	8h	570.93	+0.010%	$19.7M	$9.0M	100x	as long as short
Lighter XMR	+0.0512%	1h	570.60	−0.048%	$3.0M	$4.8M	10x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XMRUSDTshort	+0.0527%	8h	570.17	−0.123%	$661K	$1.2M	75x
Gate XMR_USDT	+0.0555%	8h	570.00	−0.153%	$1.5M	$2.3M	50x	as long as short
Bybit XMRUSDT	+0.0556%	8h	571.01	+0.024%	$46.3M	$41.8M	75x	as long as short
KuCoin XMRUSDTM	+0.0581%	8h	570.84	−0.006%	$45.9M	$15.2M	50x	as long as short
Extended XMR-USD	+0.0656%	1h	570.81	−0.012%	$3.0M	$6.4M	25x	as long as short
BingX XMR-USDT	+0.0672%	8h	571.08	+0.036%	—	$4.8M	—	as long as short
Paradex XMR-USD-PERP	+0.0708%	8h	570.75	−0.022%	$8K	$1K	20x	as long as short
Pacifica XMR	+0.0710%	1h	570.69	−0.032%	$269K	$617K	10x	as long as short
Bitget XMRUSDT	+0.0711%	8h	570.82	−0.009%	$9.1M	$8.9M	50x	as long as short
BloFin XMR-USDT	+0.0777%	8h	570.69	−0.032%	$2.7M	$9.2M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0804%	8h	571.18	+0.054%	$337K	$671K	10x	as long as short
Variational Omni XMR	+0.0831%	8h	570.80	−0.013%	$6.1M	$2.2M	—	as long as short
Kraken Futures PF_XMRUSD	+0.0856%	1h	569.67	−0.211%	$5.4M	$6.4M	50x	as long as short
Hyperliquid XMR	+0.0878%	1h	570.89	+0.003%	$86.7M	$52.0M	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0937% / S −0.1108%	1h	569.45	−0.249%	$592K	—	100x	as long as short
Nado XMR-PERPlong	+0.0981%	1h	570.87	long leg	$1.2M	$185K	10x
Backpack XMR_USDC_PERP	+0.1050%	1h	570.41	−0.081%	$128K	$408K	20x	as long as short
Orderly PERP_XMR_USDC	+0.1063%	8h	570.37	−0.088%	$41K	$313K	10x	as long as short
SoDEX XMR-USD	+0.1137%	1h	570.62	−0.044%	$434K	$4K	5x	as long as short
Aftermath Perps XMRUSD	+0.2142%	1h	570.75	−0.021%	$1K	$37K	10x	as long as short
dYdX XMR-USD	+0.7081%	1h	569.40	−0.257%	$103K	$25K	5x	as long as short