Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0213%/8h= +23.3% APRpaid last 24h −0.052%

Price spread now: Polymarket Perps against Gate+0.053%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$550.550% of the position

Long on Gate Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 7 days−0.035%−$4 · spread now +0.053%, 7d avg +0.055%

Together, before fees+0.061%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.055%, so right now this pair is about funding alone: +$6 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 0.096% in total (about 5.0% 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	Gate XMR_USDT	598.69	0.0498	pay 0.0498% / 8h	31m 19s	$1.7M	$4.6M	50x
Short	Polymarket Perps XMR-USD	599.01	0.0711	get 0.0089% / 1h	31m 19s	$22K	$1.7M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Gate. 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 GatebpFee Polymarket PerpsbpOrdersPrice spread, now +0.053%Rate

Funding earned: $44.69
Price spread: +0.053% → +0.055%: −$0.15
Slippage, 4 orders: −$31.95
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$10.41
Costs to cover: 0.550%
Break-even: 8.6 days

Slippage from Gate: 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 Gate live order book, 2 min ago	8.09 bp	22.4 bp −$22	43.9 bp −$439	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	3.42 bp	7.5 bp −$8	7.9 bp −$79	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	597.91	−0.130%	$45K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	598.65	−0.007%	$49.1M	$63.2M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	599.52	+0.139%	$1.1M	$664K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	597.69	−0.167%	$2K	$2.0M	20x	as long as short
Lighter XMR	+0.0152%	1h	598.19	−0.084%	$3.4M	$6.9M	10x	as long as short
Aevo XMR-PERP	+0.0160%	1h	598.25	−0.073%	$12K	—	3x	as long as short
Backpack XMR_USDC_PERP	+0.0247%	1h	599.47	+0.130%	$204K	$575K	20x	as long as short
MEXC XMR_USDT	+0.0318%	8h	598.94	+0.042%	$22.2M	$15.0M	100x	as long as short
Binance XMRUSDT	+0.0319%	8h	598.73	+0.007%	$54.8M	$164.4M	75x	as long as short
BingX XMR-USDT	+0.0409%	8h	598.63	−0.010%	—	$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	+0.0439%	8h	598.62	−0.012%	$9.9M	$14.3M	50x	as long as short
BloFin XMR-USDT	+0.0448%	8h	598.25	−0.073%	$2.8M	$11.7M	75x	as long as short
Variational Omni XMR	+0.0455%	8h	598.91	+0.036%	$6.9M	$2.6M	—	as long as short
Kraken Futures PF_XMRUSD	+0.0460%	1h	597.06	−0.273%	$5.7M	$20.5M	50x	as long as short
Gate XMR_USDTlong	+0.0498%	8h	598.69	long leg	$1.7M	$4.6M	50x
Pacifica XMR	+0.0565%	1h	600.01	+0.220%	$282K	$1.1M	10x	as long as short
KuCoin XMRUSDTM	+0.0568%	8h	598.23	−0.077%	$48.9M	$26.0M	50x	as long as short
Aster XMRUSDT	+0.0593%	8h	599.20	+0.085%	$684K	$2.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0598%	8h	600.12	+0.239%	$352K	$794K	10x	as long as short
Polymarket Perps XMR-USDshort	+0.0711%	1h	599.01	+0.053%	$22K	$1.7M	5x
SoDEX XMR-USD	+0.0753%	1h	598.29	−0.067%	$455K	$3K	5x	as long as short
Paradex XMR-USD-PERP	+0.0854%	8h	599.88	+0.199%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0884% / S −0.2497%	1h	597.79	−0.151%	$565K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0948%	8h	598.13	−0.094%	$44K	$729K	10x	as long as short
Nado XMR-PERP	+0.1200%	1h	598.98	+0.048%	$1.3M	$476K	10x	as long as short
Injective XMR/USDC PERP	+0.1312%	1h	596.76	−0.322%	$3K	$6K	12x	as long as short
Hyperliquid XMR	+0.1707%	1h	599.14	+0.075%	$90.6M	$70.7M	5x	as long as short
Extended XMR-USD	+0.1792%	1h	598.21	−0.081%	$3.2M	$6.9M	25x	as long as short
HTX XMR-USDT	+0.1978%	8h	598.26	−0.072%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2292%	1h	598.70	+0.001%	$2K	$46K	10x	as long as short
dYdX XMR-USD	+0.2595%	1h	598.89	+0.033%	$109K	$50K	5x	as long as short