Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0118%/8h= −12.9% APRpaid last 24h +0.082%

Price spread now: Nado against Variational Omni−0.117%57s7-day average +0.010% · you buy dearer than you sell

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

Long on Variational Omni Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.453%+$45 on $10k

Price spread, last 7 days−0.007%−$1 · spread now −0.117%, 7d avg +0.010%

Together, before fees+0.446%+ Points / potential airdropVariational Omni: Active · Nado: Active · farm board+$45 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Nado is 0.127% cheaper against Variational Omni than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.010%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.453%, so the current rate has only just turned against you. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XMR	568.27	0.0838	pay 0.0838% / 8h	5h 52m	$6.1M	$2.2M	—
Short	Nado XMR-PERP	567.61	0.0720	get 0.0090% / 1h	52m 41s	$1.2M	$164K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Variational Omni. 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 Variational OmnibpFee NadobpOrdersPrice spread, now −0.117%Rate

Funding earned: −$24.73
Price spread: −0.117% → +0.010%: −$12.68
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$44.4
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Nado: live order book, 4 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 Variational Omni RFQ quote, 4 min ago	3.32 bp	doesn't fit	10.9 bp −$109	doesn't fit	doesn't fit
Sell Nado live order book, 4 min ago	10.36 bp	14.9 bp −$15	57.3 bp −$573	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	566.38	−0.333%	$32K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+2.513%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	569.16	+0.157%	$1.0M	$462K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	567.01	−0.222%	$2K	$865K	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	565.33	−0.517%	$1.0M	$935K	20x	as long as short
Aevo XMR-PERP	+0.0200%	1h	567.71	−0.099%	$11K	—	3x	as long as short
Lighter XMR	+0.0208%	1h	567.07	−0.211%	$3.0M	$4.5M	10x	as long as short
Polymarket Perps XMR-USD	+0.0301%	1h	567.36	−0.160%	$29K	$1.5M	5x	as long as short
MEXC XMR_USDT	+0.0468%	8h	567.25	−0.180%	$19.5M	$7.2M	100x	as long as short
Binance XMRUSDT	+0.0470%	8h	567.26	−0.178%	$52.2M	$80.1M	75x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XMRUSDT	+0.0501%	8h	567.05	−0.215%	$655K	$1.2M	75x	as long as short
Bybit XMRUSDT	+0.0543%	8h	567.19	−0.190%	$46.0M	$41.2M	75x	as long as short
Extended XMR-USD	+0.0552%	1h	567.08	−0.210%	$3.1M	$6.4M	25x	as long as short
Gate XMR_USDT	+0.0560%	8h	567.24	−0.181%	$1.5M	$2.2M	50x	as long as short
KuCoin XMRUSDTM	+0.0599%	8h	567.01	−0.222%	$45.8M	$14.9M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0659%	1h	566.51	−0.310%	$5.4M	$6.3M	50x	as long as short
BingX XMR-USDT	+0.0677%	8h	567.35	−0.162%	—	$4.5M	—	as long as short
Backpack XMR_USDC_PERP	+0.0701%	1h	567.37	−0.158%	$127K	$407K	20x	as long as short
Paradex XMR-USD-PERP	+0.0711%	8h	567.15	−0.197%	$8K	$1K	20x	as long as short
Bitget XMRUSDT	+0.0713%	8h	567.31	−0.169%	$9.1M	$8.8M	50x	as long as short
Nado XMR-PERPshort	+0.0720%	1h	567.61	−0.117%	$1.2M	$164K	10x
GRVT XMR_USDT_Perp	+0.0725%	8h	567.69	−0.103%	$330K	$669K	10x	as long as short
BloFin XMR-USDT	+0.0756%	8h	567.58	−0.121%	$2.7M	$9.0M	75x	as long as short
Pacifica XMR	+0.0759%	1h	567.29	−0.173%	$267K	$609K	10x	as long as short
Hyperliquid XMR	+0.0785%	1h	567.41	−0.150%	$86.4M	$51.6M	5x	as long as short
SoDEX XMR-USD	+0.0806%	1h	567.65	−0.109%	$431K	$4K	5x	as long as short
Variational Omni XMRlong	+0.0838%	8h	568.27	long leg	$6.1M	$2.2M	—
GMX XMR/USD [WBTC.b-USDC]	L +0.0935% / S −0.1108%	1h	566.36	−0.336%	$589K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1056%	8h	567.34	−0.164%	$41K	$305K	10x	as long as short
Aftermath Perps XMRUSD	+0.2117%	1h	567.99	−0.050%	$1K	$37K	10x	as long as short
dYdX XMR-USD	+0.3566%	1h	566.29	−0.348%	$103K	$24K	5x	as long as short