Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0464%/8h= −50.8% APRpaid last 24h −0.076%

Price spread now: Polymarket Perps against Paradex+0.037%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Polymarket Perps is 0.037% dearer against Paradex than usual: you sell high and buy low (spread +0.037% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XMR-USD-PERP	596.71	0.0770	pay 0.0770% / 8h	2h 22m	$8K	$4K	20x
Short	Polymarket Perps XMR-USD	596.93	0.0307	get 0.0038% / 1h	22m 53s	$26K	$1.8M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Paradex. 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 ParadexbpFee Polymarket PerpsbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$97.39
Price spread: +0.037% → 0.000%: $3.71
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$105.68
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Polymarket Perps: live order book, 6 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 Paradex no order-book sample	—	—	—	—	—
Sell Polymarket Perps live order book, 6 min ago	2.78 bp	7.2 bp −$7	8.6 bp −$86	doesn't fit	doesn't fit

Paradex: 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
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0009%	1h	596.63	−0.014%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	591.89	−0.808%	$3K	$6K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	597.20	+0.082%	$48.0M	$61.0M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	594.30	−0.404%	$1.1M	$671K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	596.30	−0.068%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0168%	1h	596.09	−0.104%	$12K	—	3x	as long as short
Backpack XMR_USDC_PERP	+0.0215%	1h	596.95	+0.040%	$203K	$576K	20x	as long as short
Variational Omni XMR	+0.0280%	8h	593.48	−0.540%	$6.9M	$2.8M	—	as long as short
Lighter XMR	+0.0304%	1h	596.93	+0.038%	$3.5M	$6.7M	10x	as long as short
Polymarket Perps XMR-USDshort	+0.0307%	1h	596.93	+0.037%	$26K	$1.8M	5x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC XMR_USDT	+0.0355%	8h	597.41	+0.118%	$22.7M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0356%	8h	597.41	+0.118%	$54.8M	$162.3M	75x	as long as short
BingX XMR-USDT	+0.0372%	8h	597.07	+0.061%	—	$5.8M	—	as long as short
Bitget XMRUSDT	+0.0388%	8h	597.28	+0.096%	$10.0M	$14.1M	50x	as long as short
Gate XMR_USDT	+0.0392%	8h	596.41	−0.050%	$1.6M	$4.5M	50x	as long as short
SoDEX XMR-USD	+0.0448%	1h	597.20	+0.082%	$454K	$3K	5x	as long as short
BloFin XMR-USDT	+0.0508%	8h	597.21	+0.084%	$2.8M	$11.4M	75x	as long as short
Aster XMRUSDT	+0.0542%	8h	597.45	+0.125%	$677K	$2.3M	75x	as long as short
dYdX XMR-USD	+0.0597%	1h	596.03	−0.114%	$108K	$50K	5x	as long as short
KuCoin XMRUSDTM	+0.0601%	8h	596.77	+0.010%	$49.5M	$25.5M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0610%	1h	596.29	−0.071%	$5.7M	$20.4M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0612%	8h	592.89	−0.641%	$348K	$782K	10x	as long as short
Pacifica XMR	+0.0619%	1h	596.67	−0.006%	$270K	$1.0M	10x	as long as short
Paradex XMR-USD-PERPlong	+0.0770%	8h	596.71	long leg	$8K	$4K	20x
GMX XMR/USD [WBTC.b-USDC]	L +0.0864% / S −0.1487%	1h	596.19	−0.087%	$369K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0892%	8h	596.86	+0.025%	$48K	$724K	10x	as long as short
Nado XMR-PERP	+0.0918%	1h	596.62	−0.015%	$1.3M	$478K	10x	as long as short
Extended XMR-USD	+0.1208%	1h	597.06	+0.059%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1638%	1h	597.93	+0.205%	$87.3M	$66.0M	5x	as long as short
HTX XMR-USDT	+0.2264%	8h	593.00	−0.622%	$1.1M	$1.4M	20x	as long as short
Aftermath Perps XMRUSD	+0.2325%	1h	594.74	−0.330%	$2K	$47K	10x	as long as short