Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1063%/8h= +116.4% APRpaid last 24h −0.004%

Price spread now: Polymarket Perps against MEXC+0.024%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs+$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$240.239% of the position

Long on MEXC Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.350%+$35 on $10k

Price spread, last 7 days+0.012%+$1 · spread now +0.024%, 7d avg −0.017%

Together, before fees+0.362%+$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$32 a day on $10k at the current rate, and Polymarket Perps is 0.040% dearer against MEXC than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.017%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.350% in total (about 18.2% 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	MEXC XMR_USDT	592.52	0.0347	pay 0.0347% / 8h	7h 59m	$21.7M	$15.1M	100x
Short	Polymarket Perps XMR-USD	592.66	0.1410	get 0.0176% / 1h	59m 09s	$49K	$1.9M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against MEXC. 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 MEXCbpFee Polymarket PerpsbpOrdersPrice spread, now +0.024%Rate

Funding earned: $223.16
Price spread: +0.024% → −0.017%: $4.02
Slippage, 4 orders: −$11.94
Fee MEXC: 2 bp × 2 orders: −$4
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $203.25
Costs to cover: 0.239%
Break-even: 0.6 days

Slippage from MEXC: live order book, 5 min ago; Polymarket Perps: live order book, 5 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 MEXC live order book, 5 min ago	0.09 bp	3.7 bp −$4	25.2 bp −$252	74.8 bp −$7,483	220.0 bp −$110.0K
Sell Polymarket Perps live order book, 5 min ago	1.61 bp	6.1 bp −$6	6.7 bp −$67	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	591.30	−0.206%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+0.716%	$3K	$4K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	592.62	+0.017%	$48.1M	$64.4M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	591.63	−0.150%	$1.1M	$666K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	591.99	−0.089%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	592.00	−0.088%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0168%	1h	592.84	+0.053%	$12K	—	3x	as long as short
MEXC XMR_USDTlong	+0.0347%	8h	592.52	long leg	$21.7M	$15.1M	100x
Binance XMRUSDT	+0.0358%	8h	592.58	+0.010%	$54.3M	$166.3M	75x	as long as short
BingX XMR-USDT	+0.0448%	8h	592.45	−0.012%	—	$5.8M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0478%	8h	592.29	−0.039%	$9.7M	$14.6M	50x	as long as short
Gate XMR_USDT	+0.0487%	8h	592.19	−0.056%	$1.7M	$4.6M	50x	as long as short
BloFin XMR-USDT	+0.0518%	8h	592.39	−0.022%	$2.7M	$11.7M	75x	as long as short
Pacifica XMR	+0.0565%	1h	592.79	+0.046%	$276K	$1.1M	10x	as long as short
KuCoin XMRUSDTM	+0.0586%	8h	591.77	−0.127%	$48.4M	$26.2M	50x	as long as short
Aster XMRUSDT	+0.0602%	8h	592.29	−0.039%	$640K	$2.5M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0638%	8h	592.56	+0.007%	$348K	$795K	10x	as long as short
Variational Omni XMR	+0.0639%	8h	592.14	−0.065%	$6.7M	$2.6M	—	as long as short
Kraken Futures PF_XMRUSD	+0.0643%	1h	591.19	−0.225%	$5.6M	$20.6M	50x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0870% / S −0.2452%	1h	590.96	−0.264%	$550K	—	100x	as long as short
Lighter XMR	+0.0920%	1h	592.47	−0.008%	$3.3M	$7.1M	10x	as long as short
Orderly PERP_XMR_USDC	+0.0975%	8h	592.47	−0.008%	$42K	$734K	10x	as long as short
Paradex XMR-USD-PERP	+0.1001%	8h	592.44	−0.013%	$8K	$4K	20x	as long as short
Nado XMR-PERP	+0.1303%	1h	592.76	+0.041%	$1.3M	$470K	10x	as long as short
Polymarket Perps XMR-USDshort	+0.1410%	1h	592.66	+0.024%	$49K	$1.9M	5x
dYdX XMR-USD	+0.1467%	1h	590.90	−0.273%	$107K	$50K	5x	as long as short
Backpack XMR_USDC_PERP	+0.1499%	1h	592.12	−0.068%	$201K	$579K	20x	as long as short
SoDEX XMR-USD	+0.1500%	1h	592.73	+0.035%	$450K	$3K	5x	as long as short
Extended XMR-USD	+0.2192%	1h	592.57	+0.009%	$3.2M	$7.1M	25x	as long as short
Hyperliquid XMR	+0.2328%	1h	592.94	+0.071%	$89.5M	$72.4M	5x	as long as short
Aftermath Perps XMRUSD	+0.2445%	1h	591.40	−0.190%	$2K	$46K	10x	as long as short