Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0359%/8h= −39.4% APRpaid last 24h −0.014%

Price spread now: Polymarket Perps against BloFin−0.017%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$430.434% of the position

Long on BloFin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now −0.017%, 7d avg −0.023%

Together, before fees+0.027%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.025% in total (about 1.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XMR-USDT	576.36	0.1030	pay 0.1030% / 8h	2h 16m	$2.7M	$11.2M	75x
Short	Polymarket Perps XMR-USD	576.26	0.0670	get 0.0084% / 1h	16m 47s	$27K	$2.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against BloFin. 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 BloFinbpFee Polymarket PerpsbpOrdersPrice spread, now −0.017%Rate

Funding earned: −$75.47
Price spread: −0.017% → −0.023%: $0.61
Slippage, 4 orders: −$23.36
Fee BloFin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$118.22
Costs to cover: 0.434%
Break-even: never at this rate

Slippage from BloFin: live order book, 7 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 BloFin live order book, 7 min ago	1.13 bp	14.6 bp −$15	25.3 bp −$253	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	2.00 bp	7.7 bp −$8	7.8 bp −$78	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	575.11	−0.217%	$38K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.074%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	575.74	−0.108%	$1.0M	$642K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	575.93	−0.075%	$2K	$1.8M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	574.96	−0.243%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0240%	1h	576.68	+0.056%	$12K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0323%	8h	574.45	−0.331%	$45.2M	$26.2M	50x	as long as short
dYdX XMR-USD	+0.0337%	1h	574.53	−0.318%	$104K	$44K	5x	as long as short
Bitget XMRUSDT	+0.0583%	8h	575.60	−0.132%	$9.5M	$13.2M	50x	as long as short
MEXC XMR_USDT	+0.0625%	8h	575.00	−0.236%	$19.9M	$14.6M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XMRUSDT	+0.0626%	8h	575.30	−0.184%	$52.6M	$160.6M	75x	as long as short
Gate XMR_USDT	+0.0664%	8h	574.82	−0.267%	$1.6M	$4.3M	50x	as long as short
BingX XMR-USDT	+0.0669%	8h	575.23	−0.196%	—	$5.6M	—	as long as short
Polymarket Perps XMR-USDshort	+0.0670%	1h	576.26	−0.017%	$27K	$2.1M	5x
Bybit XMRUSDT	+0.0706%	8h	575.41	−0.165%	$46.6M	$64.0M	75x	as long as short
Extended XMR-USD	+0.0720%	1h	574.53	−0.317%	$3.0M	$8.2M	25x	as long as short
Kraken Futures PF_XMRUSD	+0.0744%	1h	575.64	−0.125%	$5.4M	$18.9M	50x	as long as short
Aster XMRUSDT	+0.0784%	8h	574.87	−0.258%	$647K	$2.2M	75x	as long as short
Lighter XMR	+0.0888%	1h	576.36	0.000%	$3.1M	$7.6M	10x	as long as short
Paradex XMR-USD-PERP	+0.0891%	8h	576.18	−0.032%	$8K	$4K	20x	as long as short
Pacifica XMR	+0.0912%	1h	576.13	−0.039%	$266K	$1.0M	10x	as long as short
GRVT XMR_USDT_Perp	+0.1020%	8h	575.69	−0.116%	$346K	$727K	10x	as long as short
BloFin XMR-USDTlong	+0.1030%	8h	576.36	long leg	$2.7M	$11.2M	75x
Hyperliquid XMR	+0.1061%	1h	575.04	−0.230%	$86.8M	$70.9M	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1085% / S −0.1451%	1h	575.14	−0.212%	$595K	—	100x	as long as short
Variational Omni XMR	+0.1174%	8h	575.62	−0.128%	$6.4M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1193%	8h	576.34	−0.003%	$41K	$674K	10x	as long as short
Nado XMR-PERP	+0.1244%	1h	576.50	+0.025%	$1.3M	$450K	10x	as long as short
SoDEX XMR-USD	+0.1341%	1h	576.55	+0.033%	$438K	$3K	5x	as long as short
Backpack XMR_USDC_PERP	+0.1414%	1h	576.12	−0.042%	$169K	$532K	20x	as long as short
Aftermath Perps XMRUSD	+0.2041%	1h	575.15	−0.210%	$2K	$42K	10x	as long as short