Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0147%/8h= +16.1% APRpaid last 24h −0.042%

Price spread now: Bitget against Polymarket Perps−0.059%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$450.445% of the position

Long on Polymarket Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.428%−$43 on $10k

Price spread, last 7 days+0.070%+$7 · spread now −0.059%, 7d avg +0.010%

Together, before fees−0.358%−$36 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.069% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of +0.010%). If the spread goes back, that is −$7 on $10k: about 37 hours of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.428%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps XMR-USD	591.03	0.0264	pay 0.0033% / 1h	55m 05s	$24K	$1.8M	5x
Short	Bitget XMRUSDT	590.68	0.0411	get 0.0411% / 8h	2h 55m	$9.8M	$14.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Polymarket Perps. 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 Polymarket PerpsbpFee BitgetbpOrdersPrice spread, now −0.059%Rate

Funding earned: $30.85
Price spread: −0.059% → +0.010%: −$6.88
Slippage, 4 orders: −$24.53
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$20.56
Costs to cover: 0.445%
Break-even: 11.7 days

Slippage from Polymarket Perps: live order book, 4 min ago; Bitget: 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 Polymarket Perps live order book, 4 min ago	2.46 bp	6.5 bp −$6	6.5 bp −$65	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	4.49 bp	14.2 bp −$14	19.9 bp −$199	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
dYdX XMR-USD	0.0000%	1h	589.74	−0.218%	$107K	$49K	5x	as long as short
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0009%	1h	590.17	−0.145%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	554.47	−6.186%	$3K	$5K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	590.43	−0.102%	$47.2M	$60.6M	75x	as long as short
Backpack XMR_USDC_PERP	+0.0100%	1h	590.24	−0.134%	$212K	$555K	20x	as long as short
edgeX XMRUSDC	+0.0100%	4h	589.80	−0.208%	$1.0M	$671K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	590.07	−0.162%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0176%	1h	590.83	−0.035%	$12K	—	3x	as long as short
SoDEX XMR-USD	+0.0259%	1h	591.07	+0.007%	$449K	$4K	5x	as long as short
Polymarket Perps XMR-USDlong	+0.0264%	1h	591.03	long leg	$24K	$1.8M	5x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XMR	+0.0320%	1h	590.81	−0.037%	$3.5M	$6.6M	10x	as long as short
Gate XMR_USDT	+0.0329%	8h	590.18	−0.144%	$1.6M	$4.5M	50x	as long as short
Variational Omni XMR	+0.0332%	8h	590.44	−0.099%	$6.9M	$2.8M	—	as long as short
Binance XMRUSDT	+0.0386%	8h	590.86	−0.029%	$54.3M	$161.8M	75x	as long as short
MEXC XMR_USDT	+0.0389%	8h	591.00	−0.005%	$22.6M	$15.1M	100x	as long as short
BingX XMR-USDT	+0.0395%	8h	590.75	−0.047%	—	$5.8M	—	as long as short
Bitget XMRUSDTshort	+0.0411%	8h	590.68	−0.059%	$9.8M	$14.0M	50x
BloFin XMR-USDT	+0.0542%	8h	591.16	+0.022%	$2.5M	$11.3M	75x	as long as short
Aster XMRUSDT	+0.0576%	8h	590.80	−0.039%	$669K	$2.4M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0616%	1h	590.06	−0.164%	$5.5M	$20.3M	50x	as long as short
Pacifica XMR	+0.0619%	1h	590.93	−0.017%	$268K	$1.1M	10x	as long as short
KuCoin XMRUSDTM	+0.0619%	8h	590.64	−0.066%	$49.1M	$25.6M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0653%	8h	590.62	−0.069%	$346K	$798K	10x	as long as short
Nado XMR-PERP	+0.0669%	1h	590.88	−0.025%	$1.3M	$477K	10x	as long as short
Paradex XMR-USD-PERP	+0.0737%	8h	590.85	−0.030%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0838% / S −0.1411%	1h	590.22	−0.137%	$351K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.0879%	8h	590.96	−0.012%	$48K	$729K	10x	as long as short
Extended XMR-USD	+0.1128%	1h	590.28	−0.127%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1498%	1h	591.77	+0.125%	$85.7M	$65.2M	5x	as long as short
Aftermath Perps XMRUSD	+0.2228%	1h	590.45	−0.098%	$1K	$47K	10x	as long as short
HTX XMR-USDT	+0.2284%	8h	590.23	−0.135%	$1.1M	$1.4M	20x	as long as short