Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0574%/8h= −62.8% APRpaid last 24h −0.134%

Price spread now: Gate against Nado−0.017%7-day average −0.080% · 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−$60as in the Price arb table

costs, in and out, $10k−$660.663% of the position

Long on Nado Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.349%−$35 on $10k

Price spread, last 7 days−0.206%−$21 · spread now −0.017%, 7d avg −0.080%

Together, before fees−0.555%+ Points / potential airdropNado: Active · farm board−$55 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.063% dearer against Nado than usual: you sell high and buy low (spread −0.017% now, against its 7-day average of −0.080%): +$6 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XMR-PERP	572.45	0.1071	pay 0.0134% / 1h	26m 17s	$1.3M	$458K	10x
Short	Gate XMR_USDT	572.36	0.0497	get 0.0497% / 8h	3h 26m	$1.5M	$4.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.017%Rate

Funding earned: −$120.45
Price spread: −0.017% → −0.080%: $6.35
Slippage, 4 orders: −$44.32
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$180.42
Costs to cover: 0.663%
Break-even: never at this rate

Slippage from Nado: live order book, 2 min ago; Gate: live order book, 2 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, 2 min ago	8.72 bp	12.2 bp −$12	42.0 bp −$420	16603.1 bp −$1.66M	doesn't fit
Sell Gate live order book, 2 min ago	2.53 bp	24.1 bp −$24	44.8 bp −$448	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	−0.192%	$37K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.763%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	573.33	+0.153%	$1.0M	$642K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	572.36	−0.017%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	571.01	−0.252%	$1.1M	$1.6M	20x	as long as short
Paradex XMR-USD-PERP	+0.0212%	8h	572.91	+0.079%	$8K	$4K	20x	as long as short
Aevo XMR-PERP	+0.0216%	1h	573.19	+0.129%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSD	+0.0226%	1h	571.62	−0.146%	$5.4M	$19.5M	50x	as long as short
KuCoin XMRUSDTM	+0.0324%	8h	572.08	−0.066%	$45.0M	$26.4M	50x	as long as short
Gate XMR_USDTshort	+0.0497%	8h	572.36	−0.017%	$1.5M	$4.5M	50x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0522%	8h	572.84	+0.067%	$9.4M	$13.5M	50x	as long as short
Binance XMRUSDT	+0.0552%	8h	572.94	+0.085%	$52.3M	$163.5M	75x	as long as short
MEXC XMR_USDT	+0.0553%	8h	572.74	+0.050%	$19.8M	$14.7M	100x	as long as short
BingX XMR-USDT	+0.0560%	8h	573.04	+0.102%	—	$5.6M	—	as long as short
Lighter XMR	+0.0560%	1h	572.76	+0.054%	$3.1M	$7.5M	10x	as long as short
Backpack XMR_USDC_PERP	+0.0572%	1h	572.55	+0.017%	$169K	$533K	20x	as long as short
Bybit XMRUSDT	+0.0619%	8h	572.69	+0.041%	$46.6M	$64.4M	75x	as long as short
Extended XMR-USD	+0.0648%	1h	572.77	+0.056%	$3.1M	$8.3M	25x	as long as short
Pacifica XMR	+0.0682%	1h	572.74	+0.050%	$265K	$1.0M	10x	as long as short
Aster XMRUSDT	+0.0701%	8h	572.42	−0.006%	$634K	$2.3M	75x	as long as short
Polymarket Perps XMR-USD	+0.0746%	1h	572.56	+0.018%	$25K	$2.2M	5x	as long as short
BloFin XMR-USDT	+0.0911%	8h	572.50	+0.008%	$2.7M	$11.1M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0952%	8h	573.58	+0.196%	$337K	$726K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0989% / S −0.1217%	1h	571.41	−0.182%	$595K	—	100x	as long as short
Nado XMR-PERPlong	+0.1071%	1h	572.45	long leg	$1.3M	$458K	10x
Variational Omni XMR	+0.1120%	8h	574.77	+0.405%	$6.4M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1127%	8h	572.79	+0.059%	$40K	$735K	10x	as long as short
dYdX XMR-USD	+0.1132%	1h	571.66	−0.140%	$104K	$44K	5x	as long as short
Hyperliquid XMR	+0.1240%	1h	572.76	+0.053%	$86.3M	$71.4M	5x	as long as short
SoDEX XMR-USD	+0.1384%	1h	572.88	+0.074%	$435K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.1938%	1h	572.71	+0.044%	$1K	$44K	10x	as long as short