Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0163%/8h= −17.9% APRpaid last 24h −0.017%

Price spread now: Polymarket Perps against BingX+0.029%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$370.369% of the position

Long on BingX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.319%+$32 on $10k

Price spread, last 7 days−0.070%−$7 · spread now +0.029%, 7d avg −0.010%

Together, before fees+0.249%+$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.038% dearer against BingX than usual: you sell high and buy low (spread +0.029% now, against its 7-day average of −0.010%): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 19 hours. Mind the row above: over the last 7 days funding on this pair paid +0.319%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX XMR-USDT	595.19	0.0372	pay 0.0372% / 8h	2h 36m	—	$5.8M	—
Short	Polymarket Perps XMR-USD	595.36	0.0209	get 0.0026% / 1h	36m 18s	$24K	$1.8M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against BingX. 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 BingXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$34.32
Price spread: +0.029% → −0.010%: $3.82
Slippage, 4 orders: −$18.94
Fee BingX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$67.45
Costs to cover: 0.369%
Break-even: never at this rate

Slippage from BingX: live order book, 4 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 BingX live order book, 4 min ago	0.93 bp	10.4 bp −$10	22.1 bp −$221	96.1 bp −$9,611	757.6 bp −$378.8K
Sell Polymarket Perps live order book, 2 min ago	2.69 bp	7.3 bp −$7	9.0 bp −$90	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	594.48	−0.120%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	591.89	−0.554%	$3K	$6K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	595.12	−0.012%	$47.6M	$60.8M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	593.32	−0.314%	$1.1M	$672K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	594.56	−0.106%	$2K	$1.9M	20x	as long as short
Backpack XMR_USDC_PERP	+0.0122%	1h	594.84	−0.059%	$203K	$569K	20x	as long as short
Aevo XMR-PERP	+0.0176%	1h	595.39	+0.034%	$12K	—	3x	as long as short
Polymarket Perps XMR-USDshort	+0.0209%	1h	595.36	+0.029%	$24K	$1.8M	5x
Lighter XMR	+0.0240%	1h	595.07	−0.021%	$3.5M	$6.7M	10x	as long as short
dYdX XMR-USD	+0.0297%	1h	594.39	−0.134%	$108K	$50K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX XMR-USD	+0.0297%	1h	595.21	+0.003%	$452K	$4K	5x	as long as short
Variational Omni XMR	+0.0300%	8h	593.60	−0.267%	$6.9M	$2.8M	—	as long as short
MEXC XMR_USDT	+0.0367%	8h	595.37	+0.030%	$22.7M	$15.2M	100x	as long as short
Binance XMRUSDT	+0.0368%	8h	595.10	−0.016%	$54.5M	$161.8M	75x	as long as short
BingX XMR-USDTlong	+0.0372%	8h	595.19	long leg	—	$5.8M	—
Gate XMR_USDT	+0.0381%	8h	595.04	−0.025%	$1.6M	$4.5M	50x	as long as short
Bitget XMRUSDT	+0.0390%	8h	595.10	−0.015%	$9.9M	$14.0M	50x	as long as short
BloFin XMR-USDT	+0.0517%	8h	595.58	+0.066%	$2.8M	$11.3M	75x	as long as short
Aster XMRUSDT	+0.0555%	8h	594.87	−0.054%	$671K	$2.3M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0612%	1h	594.35	−0.141%	$5.6M	$20.3M	50x	as long as short
Pacifica XMR	+0.0619%	1h	595.28	+0.015%	$269K	$1.0M	10x	as long as short
GRVT XMR_USDT_Perp	+0.0624%	8h	593.34	−0.310%	$346K	$796K	10x	as long as short
KuCoin XMRUSDTM	+0.0627%	8h	594.82	−0.062%	$49.5M	$25.4M	50x	as long as short
Paradex XMR-USD-PERP	+0.0742%	8h	595.16	−0.006%	$8K	$4K	20x	as long as short
Nado XMR-PERP	+0.0838%	1h	594.69	−0.084%	$1.3M	$477K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0842% / S −0.1411%	1h	594.29	−0.151%	$353K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0873%	8h	595.17	−0.003%	$48K	$729K	10x	as long as short
Extended XMR-USD	+0.1120%	1h	595.12	−0.011%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1586%	1h	596.27	+0.181%	$86.8M	$65.4M	5x	as long as short
Aftermath Perps XMRUSD	+0.2333%	1h	593.96	−0.206%	$2K	$47K	10x	as long as short
HTX XMR-USDT	+0.2398%	8h	592.45	−0.460%	$1.1M	$1.4M	20x	as long as short