Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0641%/8hnext payment +$0.80 per $10,000 · paid last 24h −0.130%

Price spread now: GMX against Nado−0.122%7-day average −0.186% · you buy dearer than you sell

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

Long on Nado Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.274%−$27 on $10k

Price spread, last 3 days (all we have)−0.057%−$6 · spread now −0.122%, 7d avg −0.186%

Together, before fees−0.331%+ Points / potential airdropNado: Active · farm board−$33 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and GMX is 0.064% dearer against Nado than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.186%. Mind the row above: over the last 3 days funding on this pair cost −0.274%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XMR-PERP	577.61	0.0425	pay 0.0053% / 1h	24m 03s	$1.3M	$462K	10x
Short	GMX XMR/USD [WBTC.b-USDC]	576.90	L +0.0750% / S −0.1066%	get 0.0133% / 1h	24m 03s	$261K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GMXbpOrdersPrice spread, now −0.122%Rate

Funding earned: $134.65
Price spread: −0.122% → −0.186%: $6.4
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: $122.04
Costs to cover: 0.190%
Break-even: 0.7 days

Slippage unknown: Nado: live order book, 4 min ago; GMX: no order-book sample. 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 Nado live order book, 4 min ago	6.50 bp	15.1 bp −$15	32.2 bp −$322	15898.6 bp −$1.59M	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_XMRUSD	−0.0143%	1h	576.45	−0.201%	$5.4M	$20.5M	50x	as long as short
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0009%	1h	576.95	−0.113%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	554.47	−4.005%	$3K	$8K	12x	as long as short
Hyperliquid XMR	+0.0100%	1h	577.77	+0.029%	$81.4M	$60.5M	5x	as long as short
Bybit XMRUSDT	+0.0100%	8h	577.57	−0.006%	$45.6M	$59.4M	75x	as long as short
Backpack XMR_USDC_PERP	+0.0100%	1h	577.29	−0.055%	$166K	$528K	20x	as long as short
edgeX XMRUSDC	+0.0100%	4h	577.03	−0.100%	$1.0M	$677K	10x	as long as short
Polymarket Perps XMR-USD	+0.0100%	1h	577.40	−0.035%	$24K	$1.7M	5x	as long as short
SunX XMR-USDT	+0.0100%	8h	576.96	−0.112%	$2K	$2.0M	20x	as long as short
Lighter XMR	+0.0120%	1h	577.51	−0.017%	$3.4M	$6.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo XMR-PERP	+0.0152%	1h	577.71	+0.017%	$12K	—	3x	as long as short
Gate XMR_USDT	+0.0184%	8h	577.51	−0.016%	$1.6M	$4.4M	50x	as long as short
SoDEX XMR-USD	+0.0244%	1h	577.51	−0.016%	$439K	$4K	5x	as long as short
MEXC XMR_USDT	+0.0298%	8h	577.50	−0.018%	$22.3M	$15.0M	100x	as long as short
Binance XMRUSDT	+0.0299%	8h	577.61	+0.001%	$53.5M	$159.6M	75x	as long as short
Variational Omni XMR	+0.0319%	8h	576.55	−0.183%	$6.9M	$3.9M	—	as long as short
Extended XMR-USD	+0.0344%	1h	577.35	−0.044%	$3.0M	$6.3M	25x	as long as short
Paradex XMR-USD-PERP	+0.0404%	8h	577.78	+0.030%	$8K	$3K	20x	as long as short
Pacifica XMR	+0.0408%	1h	577.62	+0.003%	$268K	$1.1M	10x	as long as short
BingX XMR-USDT	+0.0413%	8h	577.60	−0.001%	—	$5.9M	—	as long as short
BloFin XMR-USDT	+0.0419%	8h	577.47	−0.023%	$2.8M	$10.8M	75x	as long as short
Nado XMR-PERPlong	+0.0425%	1h	577.61	long leg	$1.3M	$462K	10x
Bitget XMRUSDT	+0.0433%	8h	577.55	−0.010%	$9.7M	$14.1M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0454%	8h	577.00	−0.105%	$338K	$816K	10x	as long as short
KuCoin XMRUSDTM	+0.0471%	8h	577.44	−0.029%	$47.8M	$25.5M	50x	as long as short
Aster XMRUSDT	+0.0551%	8h	577.10	−0.088%	$663K	$2.4M	75x	as long as short
GMX XMR/USD [WBTC.b-USDC]short	L +0.0750% / S −0.1066%	1h	576.90	−0.122%	$261K	—	100x
Orderly PERP_XMR_USDC	+0.0786%	8h	577.65	+0.008%	$49K	$714K	10x	as long as short
Aftermath Perps XMRUSD	+0.1598%	1h	576.53	−0.186%	$1K	$47K	10x	as long as short
dYdX XMR-USD	+0.1615%	1h	576.47	−0.197%	$104K	$48K	5x	as long as short
HTX XMR-USDT	+0.2265%	8h	576.96	−0.112%	$1.1M	$1.4M	20x	as long as short