Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0385%/8h= −42.1% APRpaid last 24h +0.140%

Price spread now: Polymarket Perps against GRVT+0.085%63s7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$4as 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−$360.359% of the position

Long on GRVT Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.318%+$32 on $10k

Price spread, last 3 days (all we have)−0.257%−$26 · spread now +0.085%, 7d avg +0.008%

Together, before fees+0.061%+ Points / potential airdropGRVT: Active · farm board+$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.076% dearer against GRVT than usual: you sell high and buy low (spread +0.085% now, against its 7-day average of +0.008%): +$8 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 16 hours. Mind the row above: over the last 7 days funding on this pair paid +0.318%, so the current rate has only just turned against you. The two prices were read 63 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	GRVT XMR_USDT_Perp	595.40	0.0627	pay 0.0627% / 8h	2h 34m	$349K	$782K	10x
Short	Polymarket Perps XMR-USD	595.90	0.0242	get 0.0030% / 1h	34m 10s	$24K	$1.8M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against GRVT. 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 GRVTbpFee Polymarket PerpsbpOrdersPrice spread, now +0.085%Rate

Funding earned: −$80.77
Price spread: +0.085% → +0.008%: $7.62
Slippage, 4 orders: −$18.87
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$109.01
Costs to cover: 0.359%
Break-even: never at this rate

Slippage from GRVT: live order book, 53 min ago; Polymarket Perps: live order book, 4 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 GRVT live order book, 53 min ago	1.19 bp	9.2 bp −$9	6042.9 bp −$60.4K	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 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	595.01	−0.065%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	591.89	−0.589%	$3K	$6K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	596.08	+0.115%	$47.7M	$60.8M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	593.32	−0.348%	$1.1M	$672K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	595.08	−0.053%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0176%	1h	596.13	+0.122%	$12K	—	3x	as long as short
Backpack XMR_USDC_PERP	+0.0179%	1h	595.46	+0.011%	$203K	$571K	20x	as long as short
Polymarket Perps XMR-USDshort	+0.0242%	1h	595.90	+0.085%	$24K	$1.8M	5x
Lighter XMR	+0.0288%	1h	595.71	+0.052%	$3.5M	$6.7M	10x	as long as short
Variational Omni XMR	+0.0295%	8h	595.15	−0.041%	$6.9M	$2.8M	—	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	+0.0328%	1h	595.89	+0.083%	$453K	$4K	5x	as long as short
dYdX XMR-USD	+0.0334%	1h	594.39	−0.169%	$108K	$50K	5x	as long as short
MEXC XMR_USDT	+0.0367%	8h	596.41	+0.170%	$22.7M	$15.2M	100x	as long as short
Binance XMRUSDT	+0.0367%	8h	596.34	+0.158%	$54.6M	$161.9M	75x	as long as short
BingX XMR-USDT	+0.0372%	8h	596.29	+0.150%	—	$5.8M	—	as long as short
Gate XMR_USDT	+0.0394%	8h	595.61	+0.036%	$1.6M	$4.5M	50x	as long as short
Bitget XMRUSDT	+0.0395%	8h	596.26	+0.145%	$9.9M	$14.0M	50x	as long as short
BloFin XMR-USDT	+0.0515%	8h	595.72	+0.054%	$2.8M	$11.3M	75x	as long as short
Aster XMRUSDT	+0.0554%	8h	595.80	+0.068%	$674K	$2.3M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0612%	1h	594.71	−0.115%	$5.6M	$20.3M	50x	as long as short
Pacifica XMR	+0.0619%	1h	595.52	+0.021%	$269K	$1.0M	10x	as long as short
GRVT XMR_USDT_Perplong	+0.0627%	8h	595.40	long leg	$349K	$782K	10x
KuCoin XMRUSDTM	+0.0632%	8h	595.81	+0.070%	$49.6M	$25.4M	50x	as long as short
Paradex XMR-USD-PERP	+0.0766%	8h	595.45	+0.010%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0842% / S −0.1411%	1h	594.79	−0.101%	$354K	—	100x	as long as short
Nado XMR-PERP	+0.0863%	1h	595.76	+0.062%	$1.3M	$477K	10x	as long as short
Orderly PERP_XMR_USDC	+0.0879%	8h	595.85	+0.076%	$48K	$729K	10x	as long as short
Extended XMR-USD	+0.1152%	1h	595.78	+0.065%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1644%	1h	597.32	+0.323%	$87.0M	$65.5M	5x	as long as short
Aftermath Perps XMRUSD	+0.2348%	1h	594.66	−0.123%	$2K	$47K	10x	as long as short
HTX XMR-USDT	+0.2386%	8h	593.00	−0.402%	$1.1M	$1.4M	20x	as long as short