XMR

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0250%/8h= −27.4% APRnext payment −$0.31 per $10,000 · paid last 24h −0.141%

Price spread now: Polymarket Perps against Backpack+0.030%7-day average +0.109% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$280.277% of the position

Long on Backpack Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.604%−$60 on $10k

Price spread, last 4 days (all we have)+1.453%+$145 · spread now +0.030%, 7d avg +0.109%

Together, before fees+0.849%+$85 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Polymarket Perps is 0.079% cheaper against Backpack than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.109%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack XMR_USDC_PERP	594.69	0.0911	pay 0.0114% / 1h	51m 29s	$203K	$574K	20x
Short	Polymarket Perps XMR-USD	594.87	0.0661	get 0.0083% / 1h	51m 29s	$23K	$1.8M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Backpack. 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 BackpackbpFee Polymarket PerpsbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$52.53
Price spread: +0.030% → +0.109%: −$7.85
Slippage, 4 orders: −$9.67
Fee Backpack: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$88.05
Costs to cover: 0.277%
Break-even: never at this rate

Slippage from Backpack: live order book, 32 min ago; Polymarket Perps: 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 Backpack live order book, 32 min ago	1.68 bp	6.7 bp −$7	23.8 bp −$238	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	1.85 bp	6.2 bp −$6	7.3 bp −$73	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 −0.0009%	1h	593.97	−0.121%	$44K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	594.43	−0.044%	$48.1M	$61.4M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	594.48	−0.035%	$1.1M	$666K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	594.52	−0.029%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0160%	1h	595.48	+0.133%	$12K	—	3x	as long as short
Variational Omni XMR	+0.0250%	8h	595.91	+0.205%	$6.9M	$2.7M	—	as long as short
MEXC XMR_USDT	+0.0329%	8h	594.39	−0.050%	$22.5M	$14.9M	100x	as long as short
Binance XMRUSDT	+0.0332%	8h	594.58	−0.019%	$54.6M	$162.7M	75x	as long as short
BingX XMR-USDT	+0.0371%	8h	594.66	−0.005%	—	$5.8M	—	as long as short
Kraken Futures PF_XMRUSD	+0.0383%	1h	594.25	−0.074%	$5.7M	$20.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica XMR	+0.0387%	1h	594.79	+0.017%	$270K	$1.0M	10x	as long as short
Bitget XMRUSDT	+0.0392%	8h	594.66	−0.005%	$9.9M	$14.2M	50x	as long as short
Gate XMR_USDT	+0.0450%	8h	593.82	−0.146%	$1.6M	$4.5M	50x	as long as short
BloFin XMR-USDT	+0.0473%	8h	594.54	−0.025%	$2.8M	$11.4M	75x	as long as short
Aster XMRUSDT	+0.0524%	8h	594.74	+0.008%	$674K	$2.3M	75x	as long as short
KuCoin XMRUSDTM	+0.0564%	8h	593.57	−0.188%	$48.7M	$25.7M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0590%	8h	595.53	+0.141%	$347K	$782K	10x	as long as short
Polymarket Perps XMR-USDshort	+0.0661%	1h	594.87	+0.030%	$23K	$1.8M	5x
Lighter XMR	+0.0664%	1h	594.50	−0.033%	$3.5M	$6.7M	10x	as long as short
Injective XMR/USDC PERP	+0.0695%	1h	591.89	−0.471%	$3K	$6K	12x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0822% / S −0.1343%	1h	593.61	−0.181%	$340K	—	100x	as long as short
SoDEX XMR-USD	+0.0834%	1h	595.01	+0.054%	$452K	$3K	5x	as long as short
Paradex XMR-USD-PERP	+0.0879%	8h	594.60	−0.014%	$8K	$4K	20x	as long as short
Orderly PERP_XMR_USDC	+0.0891%	8h	594.75	+0.010%	$48K	$719K	10x	as long as short
Backpack XMR_USDC_PERPlong	+0.0911%	1h	594.69	long leg	$203K	$574K	20x
dYdX XMR-USD	+0.1364%	1h	594.09	−0.101%	$108K	$50K	5x	as long as short
Extended XMR-USD	+0.1656%	1h	594.34	−0.059%	$3.1M	$6.8M	25x	as long as short
Nado XMR-PERP	+0.1724%	1h	594.44	−0.042%	$1.3M	$479K	10x	as long as short
Hyperliquid XMR	+0.1888%	1h	595.41	+0.121%	$87.8M	$67.1M	5x	as long as short
HTX XMR-USDT	+0.2172%	8h	593.56	−0.190%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2463%	1h	594.83	+0.023%	$2K	$47K	10x	as long as short