Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0318%/8h= +34.9% APRpaid last 24h +0.054%

Price spread now: Nado against Paradex−0.041%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · Nado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.041% cheaper against Paradex than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 10 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XMR-USD-PERP	576.24	0.0892	pay 0.0892% / 8h	2h 03m	$8K	$4K	20x
Short	Nado XMR-PERP	576.01	0.1211	get 0.0151% / 1h	3m 59s	$1.3M	$449K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Paradex. 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 ParadexbpFee NadobpOrdersPrice spread, now −0.041%Rate

Funding earned: $66.88
Price spread: −0.041% → 0.000%: −$4.05
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $51.83
Costs to cover: 0.110%
Break-even: 1.6 days

Slippage unknown: Paradex: no order-book sample; Nado: live order book, 5 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Nado live order book, 5 min ago	8.41 bp	13.2 bp −$13	37.1 bp −$371	doesn't fit	doesn't fit

Paradex: 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
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0003%	1h	575.22	−0.178%	$38K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.094%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	576.76	+0.089%	$1.0M	$641K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	575.32	−0.160%	$2K	$1.8M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	575.54	−0.122%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0240%	1h	576.49	+0.042%	$12K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0334%	8h	575.65	−0.103%	$45.3M	$26.3M	50x	as long as short
dYdX XMR-USD	+0.0438%	1h	574.96	−0.223%	$104K	$43K	5x	as long as short
Bitget XMRUSDT	+0.0593%	8h	575.60	−0.112%	$9.5M	$13.0M	50x	as long as short
MEXC XMR_USDT	+0.0641%	8h	576.10	−0.025%	$20.2M	$14.7M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XMRUSDT	+0.0643%	8h	576.10	−0.025%	$52.6M	$159.2M	75x	as long as short
BingX XMR-USDT	+0.0663%	8h	576.17	−0.013%	—	$5.6M	—	as long as short
Gate XMR_USDT	+0.0677%	8h	576.00	−0.042%	$1.6M	$4.3M	50x	as long as short
Polymarket Perps XMR-USD	+0.0682%	1h	576.00	−0.042%	$23K	$2.1M	5x	as long as short
Extended XMR-USD	+0.0696%	1h	576.14	−0.018%	$3.0M	$8.2M	25x	as long as short
Bybit XMRUSDT	+0.0701%	8h	576.02	−0.039%	$46.8M	$63.7M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0744%	1h	575.18	−0.185%	$5.4M	$18.7M	50x	as long as short
Lighter XMR	+0.0768%	1h	576.03	−0.038%	$3.1M	$7.7M	10x	as long as short
Aster XMRUSDT	+0.0802%	8h	575.79	−0.079%	$640K	$2.2M	75x	as long as short
Paradex XMR-USD-PERPlong	+0.0892%	8h	576.24	long leg	$8K	$4K	20x
Pacifica XMR	+0.0912%	1h	576.09	−0.026%	$267K	$1.0M	10x	as long as short
GRVT XMR_USDT_Perp	+0.1026%	8h	576.36	+0.020%	$347K	$718K	10x	as long as short
Hyperliquid XMR	+0.1034%	1h	576.07	−0.030%	$87.1M	$69.1M	5x	as long as short
BloFin XMR-USDT	+0.1061%	8h	576.40	+0.027%	$2.7M	$11.2M	75x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1128% / S −0.1541%	1h	575.05	−0.207%	$595K	—	100x	as long as short
Variational Omni XMR	+0.1170%	8h	576.89	+0.113%	$6.2M	$2.4M	—	as long as short
Orderly PERP_XMR_USDC	+0.1201%	8h	576.22	−0.004%	$40K	$649K	10x	as long as short
Nado XMR-PERPshort	+0.1211%	1h	576.01	−0.041%	$1.3M	$449K	10x
SoDEX XMR-USD	+0.1292%	1h	576.10	−0.025%	$438K	$3K	5x	as long as short
Backpack XMR_USDC_PERP	+0.1389%	1h	575.71	−0.093%	$175K	$534K	20x	as long as short
Aftermath Perps XMRUSD	+0.1996%	1h	576.16	−0.014%	$1K	$42K	10x	as long as short