Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.1393%/8h= −152.6% APRpaid last 24h −0.298%

Price spread now: SunX against Nado−0.134%7-day average −0.090% · 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−$84as in the Price arb table

costs, in and out, $10k−$800.799% of the position

Long on Nado Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.848%−$85 on $10k

Price spread, last 3 days (all we have)+0.020%+$2 · spread now −0.134%, 7d avg −0.090%

Together, before fees−0.827%+ Points / potential airdropNado: Active · farm board−$83 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$42 a day on $10k at the current rate, and SunX is 0.044% cheaper against Nado than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.090%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XMR-PERP	589.32	0.1493	pay 0.0187% / 1h	16m 14s	$1.3M	$467K	10x
Short	SunX XMR-USDT	588.53	0.0100	get 0.0100% / 8h	6h 16m	$2K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.134%Rate

Funding earned: −$292.56
Price spread: −0.134% → −0.090%: −$4.44
Slippage, 4 orders: −$64.89
Fee Nado: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$376.9
Costs to cover: 0.799%
Break-even: never at this rate

Slippage from Nado: live order book, 2 min ago; SunX: live order book, 10 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	8.22 bp	13.9 bp −$14	32.0 bp −$320	15504.3 bp −$1.55M	doesn't fit
Sell SunX live order book, 10 min ago	14.06 bp	22.0 bp −$22	doesn't fit	doesn't fit	doesn't fit

XMR on 30 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 −0.0010%	1h	587.46	−0.316%	$35K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.262%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	589.93	+0.104%	$1.1M	$669K	10x	as long as short
SunX XMR-USDTshort	+0.0100%	8h	588.53	−0.134%	$2K	$1.9M	20x
HTX XMR-USDT	+0.0100%	8h	588.24	−0.183%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	587.96	−0.231%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0393%	1h	588.31	−0.171%	$107K	$50K	5x	as long as short
MEXC XMR_USDT	+0.0522%	8h	588.50	−0.139%	$21.0M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0524%	8h	588.55	−0.131%	$53.7M	$168.2M	75x	as long as short
Bitget XMRUSDT	+0.0617%	8h	588.49	−0.141%	$9.6M	$14.2M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XMRUSDT	+0.0705%	8h	589.13	−0.032%	$656K	$2.5M	75x	as long as short
Gate XMR_USDT	+0.0788%	8h	588.69	−0.107%	$1.6M	$4.6M	50x	as long as short
BingX XMR-USDT	+0.0794%	8h	588.97	−0.059%	—	$5.8M	—	as long as short
KuCoin XMRUSDTM	+0.0800%	8h	588.00	−0.224%	$48.2M	$26.1M	50x	as long as short
Pacifica XMR	+0.0821%	1h	589.54	+0.037%	$271K	$1.1M	10x	as long as short
Bybit XMRUSDT	+0.0839%	8h	588.24	−0.183%	$47.5M	$65.0M	75x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0948% / S −0.1186%	1h	587.71	−0.273%	$656K	—	100x	as long as short
Polymarket Perps XMR-USD	+0.0999%	1h	588.92	−0.068%	$33K	$2.1M	5x	as long as short
Backpack XMR_USDC_PERP	+0.1019%	1h	589.13	−0.032%	$184K	$534K	20x	as long as short
Variational Omni XMR	+0.1027%	8h	590.80	+0.250%	$6.7M	$2.9M	—	as long as short
Orderly PERP_XMR_USDC	+0.1061%	8h	588.53	−0.134%	$42K	$736K	10x	as long as short
Lighter XMR	+0.1072%	1h	588.66	−0.112%	$3.3M	$7.2M	10x	as long as short
GRVT XMR_USDT_Perp	+0.1092%	8h	589.70	+0.064%	$345K	$786K	10x	as long as short
Paradex XMR-USD-PERP	+0.1278%	8h	589.06	−0.044%	$8K	$4K	20x	as long as short
Kraken Futures PF_XMRUSD	+0.1301%	1h	587.44	−0.319%	$5.6M	$20.5M	50x	as long as short
Nado XMR-PERPlong	+0.1493%	1h	589.32	long leg	$1.3M	$467K	10x
SoDEX XMR-USD	+0.1705%	1h	588.66	−0.112%	$447K	$3K	5x	as long as short
Hyperliquid XMR	+0.1731%	1h	589.28	−0.007%	$89.1M	$73.8M	5x	as long as short
Extended XMR-USD	+0.2040%	1h	588.51	−0.137%	$3.2M	$8.3M	25x	as long as short
Aftermath Perps XMRUSD	+0.2777%	1h	589.13	−0.032%	$1K	$46K	10x	as long as short