Funding you earn now, next payment 04:00 UTC−0.1005%/8h= −110.1% APRpaid last 24h −0.161%
Price spread now: Polymarket Perps against Orderly−0.029%7-day average +0.018% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.463%−$46 on $10k
+Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.029%, 7d avg +0.018%
=Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and Polymarket Perps is 0.047% cheaper against Orderly than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.018%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.463% in total (about -24.1% 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 | Orderly PERP_XMR_USDC | 579.62 | 0.1105 | pay 0.1105% / 8h | 4h 50m | $41K | $720K | 10x |
| Short | Polymarket Perps XMR-USD | 579.45 | 0.0100 | get 0.0013% / 1h | 50m 22s | $32K | $2.1M | 5x |
Orderly PERP_XMR_USDC
Polymarket Perps XMR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Orderly. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$211.08
- Price spread: −0.029% → +0.018%
- −$4.71
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$229.79
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Polymarket Perps: live order book, 3 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Polymarket Perps live order book, 3 min ago | 2.76 bp | 6.9 bp −$7 | 7.1 bp −$71 | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective XMR/USDC PERP | −0.0136% | 1h | 582.55 | +0.506% | $3K | $3K | 12x | as long as short |
| gTrade (Gains Network) XMR/USD | L +0.0010% / S −0.0010% | 1h | 578.86 | −0.130% | $45K | — | 150x | as long as short |
| Lighter XMR | +0.0096% | 1h | 579.57 | −0.008% | $3.2M | $7.3M | 10x | as long as short |
| edgeX XMRUSDC | +0.0100% | 4h | 581.11 | +0.257% | $1.0M | $655K | 10x | as long as short |
| Polymarket Perps XMR-USDshort | +0.0100% | 1h | 579.45 | −0.029% | $32K | $2.1M | 5x | |
| SunX XMR-USDT | +0.0100% | 8h | 579.47 | −0.026% | $2K | $1.9M | 20x | as long as short |
| HTX XMR-USDT | +0.0100% | 8h | 580.00 | +0.066% | $1.1M | $1.6M | 20x | as long as short |
| Kraken Futures PF_XMRUSD | +0.0148% | 1h | 579.00 | −0.107% | $5.5M | $19.6M | 50x | as long as short |
| Aevo XMR-PERP | +0.0200% | 1h | 580.31 | +0.118% | $12K | — | 3x | as long as short |
| dYdX XMR-USD | +0.0417% | 1h | 580.10 | +0.083% | $105K | $44K | 5x | as long as short |
Injective XMR/USDC PERP
gTrade (Gains Network) XMR/USD
Lighter XMR
edgeX XMRUSDC
SunX XMR-USDT
HTX XMR-USDT
Kraken Futures PF_XMRUSD
Aevo XMR-PERP
dYdX XMR-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit XMRUSDT | +0.0424% | 8h | 579.59 | −0.005% | $47.1M | $63.7M | 75x | as long as short |
| Backpack XMR_USDC_PERP | +0.0450% | 1h | 579.60 | −0.003% | $170K | $534K | 20x | as long as short |
| Gate XMR_USDT | +0.0475% | 8h | 579.55 | −0.012% | $1.6M | $4.4M | 50x | as long as short |
| MEXC XMR_USDT | +0.0491% | 8h | 579.71 | +0.016% | $20.6M | $14.9M | 100x | as long as short |
| Binance XMRUSDT | +0.0491% | 8h | 579.70 | +0.014% | $52.8M | $164.5M | 75x | as long as short |
| BingX XMR-USDT | +0.0555% | 8h | 579.79 | +0.029% | — | $5.6M | — | as long as short |
| Bitget XMRUSDT | +0.0573% | 8h | 579.88 | +0.045% | $9.5M | $13.8M | 50x | as long as short |
| Pacifica XMR | +0.0626% | 1h | 580.06 | +0.076% | $267K | $1.1M | 10x | as long as short |
| Hyperliquid XMR | +0.0629% | 1h | 579.67 | +0.009% | $87.2M | $70.9M | 5x | as long as short |
| KuCoin XMRUSDTM | +0.0630% | 8h | 579.74 | +0.021% | $47.6M | $25.1M | 50x | as long as short |
| Nado XMR-PERP | +0.0660% | 1h | 579.74 | +0.020% | $1.3M | $463K | 10x | as long as short |
| SoDEX XMR-USD | +0.0679% | 1h | 580.21 | +0.102% | $441K | $3K | 5x | as long as short |
| Aster XMRUSDT | +0.0698% | 8h | 579.75 | +0.023% | $651K | $2.4M | 75x | as long as short |
| BloFin XMR-USDT | +0.0752% | 8h | 580.44 | +0.141% | $2.7M | $11.3M | 75x | as long as short |
| Paradex XMR-USD-PERP | +0.0821% | 8h | 580.32 | +0.121% | $8K | $4K | 20x | as long as short |
| Extended XMR-USD | +0.0824% | 1h | 579.82 | +0.035% | $3.1M | $8.3M | 25x | as long as short |
| GRVT XMR_USDT_Perp | +0.0872% | 8h | 581.14 | +0.262% | $337K | $741K | 10x | as long as short |
| GMX XMR/USD [WBTC.b-USDC] | L +0.0992% / S −0.1252% | 1h | 578.86 | −0.131% | $596K | — | 100x | as long as short |
| Variational Omni XMR | +0.1037% | 8h | 580.03 | +0.071% | $6.6M | $2.3M | — | as long as short |
| Orderly PERP_XMR_USDClong | +0.1105% | 8h | 579.62 | long leg | $41K | $720K | 10x | |
| Aftermath Perps XMRUSD | +0.2314% | 1h | 580.52 | +0.156% | $1K | $45K | 10x | as long as short |
Bybit XMRUSDT
Backpack XMR_USDC_PERP
Gate XMR_USDT
MEXC XMR_USDT
Binance XMRUSDT
BingX XMR-USDT
Bitget XMRUSDT
Pacifica XMR
Hyperliquid XMR
KuCoin XMRUSDTM
Nado XMR-PERP
SoDEX XMR-USD
Aster XMRUSDT
BloFin XMR-USDT
Paradex XMR-USD-PERP
Extended XMR-USD
GRVT XMR_USDT_Perp
GMX XMR/USD [WBTC.b-USDC]
Variational Omni XMR
Aftermath Perps XMRUSD