Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0335%/8h= +36.7% APRpaid last 24h −0.013%

Price spread now: Polymarket Perps against Binance+0.080%46s7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$6as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$400.400% of the position

Long on Binance Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.338%+$34 on $10k

Price spread, last 7 days−0.079%−$8 · spread now +0.080%, 7d avg −0.014%

Together, before fees+0.259%+$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Polymarket Perps is 0.094% dearer against Binance than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.014%. The two prices were read 46 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	Binance XMRUSDT	601.81	0.0327	pay 0.0327% / 8h	55m 38s	$55.1M	$163.7M	75x
Short	Polymarket Perps XMR-USD	602.29	0.0662	get 0.0083% / 1h	55m 38s	$23K	$1.8M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Binance. 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 BinancebpFee Polymarket PerpsbpOrdersPrice spread, now +0.080%Rate

Funding earned: $70.38
Price spread: +0.080% → −0.014%: $9.38
Slippage, 4 orders: −$21.97
Fee Binance: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $39.78
Costs to cover: 0.400%
Break-even: 3.0 days

Slippage from Binance: live order book, 3 min ago; Polymarket Perps: live order book, 3 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 Binance live order book, 3 min ago	0.08 bp	12.4 bp −$12	21.3 bp −$213	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	3.33 bp	7.5 bp −$7	8.3 bp −$83	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	601.16	−0.109%	$45K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	602.15	+0.056%	$49.0M	$62.5M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	600.60	−0.201%	$1.1M	$664K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	601.44	−0.061%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0160%	1h	601.89	+0.013%	$12K	—	3x	as long as short
Lighter XMR	+0.0288%	1h	601.98	+0.028%	$3.4M	$6.9M	10x	as long as short
MEXC XMR_USDT	+0.0326%	8h	602.23	+0.070%	$22.5M	$14.9M	100x	as long as short
Binance XMRUSDTlong	+0.0327%	8h	601.81	long leg	$55.1M	$163.7M	75x
Variational Omni XMR	+0.0347%	8h	599.64	−0.360%	$6.9M	$2.5M	—	as long as short
BingX XMR-USDT	+0.0401%	8h	602.13	+0.053%	—	$5.7M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0427%	8h	602.27	+0.076%	$10.1M	$14.3M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0457%	1h	601.20	−0.101%	$5.7M	$20.5M	50x	as long as short
BloFin XMR-USDT	+0.0460%	8h	600.02	−0.297%	$2.8M	$11.6M	75x	as long as short
Gate XMR_USDT	+0.0546%	8h	601.52	−0.048%	$1.7M	$4.6M	50x	as long as short
Pacifica XMR	+0.0565%	1h	602.15	+0.056%	$283K	$1.0M	10x	as long as short
KuCoin XMRUSDTM	+0.0582%	8h	601.76	−0.008%	$49.2M	$25.9M	50x	as long as short
Aster XMRUSDT	+0.0585%	8h	602.00	+0.032%	$694K	$2.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0610%	8h	600.14	−0.277%	$350K	$797K	10x	as long as short
Polymarket Perps XMR-USDshort	+0.0662%	1h	602.29	+0.080%	$23K	$1.8M	5x
Backpack XMR_USDC_PERP	+0.0723%	1h	601.64	−0.028%	$205K	$575K	20x	as long as short
SoDEX XMR-USD	+0.0773%	1h	602.06	+0.042%	$458K	$3K	5x	as long as short
Paradex XMR-USD-PERP	+0.0873%	8h	601.95	+0.024%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0888% / S −0.2391%	1h	600.95	−0.142%	$547K	—	100x	as long as short
Nado XMR-PERP	+0.0953%	1h	601.84	+0.005%	$1.3M	$475K	10x	as long as short
Orderly PERP_XMR_USDC	+0.0958%	8h	601.74	−0.012%	$44K	$729K	10x	as long as short
Injective XMR/USDC PERP	+0.1312%	1h	596.76	−0.839%	$3K	$6K	12x	as long as short
Hyperliquid XMR	+0.1673%	1h	602.69	+0.146%	$90.7M	$69.9M	5x	as long as short
Extended XMR-USD	+0.1808%	1h	602.02	+0.035%	$3.2M	$6.9M	25x	as long as short
HTX XMR-USDT	+0.1957%	8h	599.37	−0.405%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2328%	1h	599.96	−0.307%	$2K	$47K	10x	as long as short
dYdX XMR-USD	+0.2990%	1h	600.61	−0.199%	$109K	$50K	5x	as long as short