Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0237%/8h= +25.9% APRpaid last 24h +0.055%

Price spread now: Polymarket Perps against Bitget+0.054%50s7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs+$7as 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−$380.384% of the position

Long on Bitget Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.451%+$45 on $10k

Price spread, last 7 days−0.131%−$13 · spread now +0.054%, 7d avg −0.011%

Together, before fees+0.320%+$32 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Polymarket Perps is 0.065% dearer against Bitget than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.011%. The two prices were read 50 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	Bitget XMRUSDT	570.48	0.0563	pay 0.0563% / 8h	2h 41m	$9.4M	$13.3M	50x
Short	Polymarket Perps XMR-USD	570.79	0.0800	get 0.0100% / 1h	41m 38s	$28K	$2.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bitget. 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 BitgetbpFee Polymarket PerpsbpOrdersPrice spread, now +0.054%Rate

Funding earned: $49.69
Price spread: +0.054% → −0.011%: $6.52
Slippage, 4 orders: −$18.4
Fee Bitget: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $17.81
Costs to cover: 0.384%
Break-even: 4.5 days

Slippage from Bitget: live order book, 2 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 Bitget live order book, 2 min ago	2.63 bp	9.1 bp −$9	21.4 bp −$214	84.9 bp −$8,492	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	2.80 bp	7.6 bp −$8	8.2 bp −$82	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 −0.0003%	1h	569.96	−0.092%	$37K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+2.116%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	571.99	+0.265%	$1.0M	$645K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	570.42	−0.011%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	571.51	+0.181%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0232%	1h	569.58	−0.157%	$11K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0295%	8h	570.00	−0.084%	$44.8M	$26.5M	50x	as long as short
Bitget XMRUSDTlong	+0.0563%	8h	570.48	long leg	$9.4M	$13.3M	50x
MEXC XMR_USDT	+0.0606%	8h	570.61	+0.023%	$19.7M	$14.6M	100x	as long as short
Binance XMRUSDT	+0.0606%	8h	570.39	−0.015%	$52.2M	$161.7M	75x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate XMR_USDT	+0.0609%	8h	570.43	−0.009%	$1.5M	$4.3M	50x	as long as short
dYdX XMR-USD	+0.0642%	1h	569.32	−0.204%	$103K	$44K	5x	as long as short
BingX XMR-USDT	+0.0673%	8h	570.41	−0.012%	—	$5.7M	—	as long as short
Bybit XMRUSDT	+0.0711%	8h	570.39	−0.016%	$46.2M	$64.4M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0751%	1h	570.07	−0.072%	$5.4M	$19.1M	50x	as long as short
Aster XMRUSDT	+0.0753%	8h	570.50	+0.003%	$639K	$2.3M	75x	as long as short
Extended XMR-USD	+0.0784%	1h	570.21	−0.047%	$3.0M	$8.2M	25x	as long as short
Polymarket Perps XMR-USDshort	+0.0800%	1h	570.79	+0.054%	$28K	$2.2M	5x
Paradex XMR-USD-PERP	+0.0884%	8h	570.49	+0.001%	$8K	$4K	20x	as long as short
Pacifica XMR	+0.0912%	1h	570.45	−0.006%	$264K	$1.0M	10x	as long as short
BloFin XMR-USDT	+0.0996%	8h	571.45	+0.170%	$2.7M	$11.2M	75x	as long as short
GRVT XMR_USDT_Perp	+0.1005%	8h	571.24	+0.133%	$330K	$728K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1036% / S −0.1358%	1h	569.77	−0.124%	$590K	—	100x	as long as short
Lighter XMR	+0.1088%	1h	570.47	−0.001%	$3.1M	$7.5M	10x	as long as short
Orderly PERP_XMR_USDC	+0.1186%	8h	570.92	+0.077%	$40K	$714K	10x	as long as short
Variational Omni XMR	+0.1188%	8h	571.45	+0.171%	$6.3M	$2.3M	—	as long as short
Hyperliquid XMR	+0.1211%	1h	570.52	+0.007%	$86.0M	$71.4M	5x	as long as short
SoDEX XMR-USD	+0.1394%	1h	571.10	+0.109%	$434K	$3K	5x	as long as short
Backpack XMR_USDC_PERP	+0.1407%	1h	570.67	+0.033%	$168K	$534K	20x	as long as short
Nado XMR-PERP	+0.1502%	1h	571.41	+0.163%	$1.3M	$458K	10x	as long as short
Aftermath Perps XMRUSD	+0.2098%	1h	571.13	+0.114%	$1K	$43K	10x	as long as short