Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0131%/8h= +14.4% APRpaid last 24h +0.022%

Price spread now: BloFin against Polymarket Perps−0.132%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$380.383% of the position

Long on Polymarket Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)+0.163%+$16 · spread now −0.132%, 7d avg +0.024%

Together, before fees+0.146%+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.156% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.132% now, against its 7-day average of +0.024%). If the spread goes back, that is −$16 on $10k: about 4.0 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps XMR-USD	574.28	0.0766	pay 0.0096% / 1h	30m 55s	$25K	$2.2M	5x
Short	BloFin XMR-USDT	573.52	0.0897	get 0.0897% / 8h	3h 30m	$2.7M	$11.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.132%Rate

Funding earned: $27.55
Price spread: −0.132% → +0.024%: −$15.62
Slippage, 4 orders: −$18.29
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$26.35
Costs to cover: 0.383%
Break-even: 13.7 days

Slippage from Polymarket Perps: live order book, 3 min ago; BloFin: live order book, 3 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, 3 min ago	2.53 bp	6.9 bp −$7	7.7 bp −$77	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.61 bp	11.5 bp −$11	25.9 bp −$259	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 −0.0008%	1h	572.95	−0.232%	$50K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.440%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	573.45	−0.144%	$1.0M	$645K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	574.10	−0.031%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	572.01	−0.395%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0216%	1h	573.98	−0.052%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSD	+0.0225%	1h	573.28	−0.174%	$5.4M	$19.4M	50x	as long as short
KuCoin XMRUSDTM	+0.0341%	8h	572.40	−0.327%	$44.9M	$26.3M	50x	as long as short
Gate XMR_USDT	+0.0478%	8h	573.28	−0.174%	$1.6M	$4.5M	50x	as long as short
Bitget XMRUSDT	+0.0523%	8h	573.65	−0.110%	$9.4M	$13.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack XMR_USDC_PERP	+0.0528%	1h	573.37	−0.158%	$169K	$533K	20x	as long as short
Lighter XMR	+0.0528%	1h	574.40	+0.020%	$3.1M	$7.5M	10x	as long as short
MEXC XMR_USDT	+0.0546%	8h	573.51	−0.134%	$19.8M	$14.7M	100x	as long as short
Binance XMRUSDT	+0.0549%	8h	573.67	−0.106%	$52.4M	$163.6M	75x	as long as short
BingX XMR-USDT	+0.0560%	8h	573.64	−0.111%	—	$5.6M	—	as long as short
Bybit XMRUSDT	+0.0605%	8h	573.68	−0.104%	$46.7M	$64.4M	75x	as long as short
Extended XMR-USD	+0.0664%	1h	573.36	−0.160%	$3.1M	$8.3M	25x	as long as short
Pacifica XMR	+0.0682%	1h	573.65	−0.110%	$265K	$1.0M	10x	as long as short
Aster XMRUSDT	+0.0696%	8h	572.68	−0.279%	$635K	$2.3M	75x	as long as short
Polymarket Perps XMR-USDlong	+0.0766%	1h	574.28	long leg	$25K	$2.2M	5x
BloFin XMR-USDTshort	+0.0897%	8h	573.52	−0.132%	$2.7M	$11.2M	75x
GRVT XMR_USDT_Perp	+0.0941%	8h	573.82	−0.080%	$337K	$726K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0989% / S −0.1254%	1h	573.05	−0.215%	$590K	—	100x	as long as short
Paradex XMR-USD-PERP	+0.0990%	8h	573.76	−0.090%	$8K	$4K	20x	as long as short
dYdX XMR-USD	+0.1019%	1h	572.31	−0.344%	$104K	$44K	5x	as long as short
Nado XMR-PERP	+0.1092%	1h	574.40	+0.022%	$1.3M	$458K	10x	as long as short
Variational Omni XMR	+0.1120%	8h	574.77	+0.086%	$6.4M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1125%	8h	574.25	−0.005%	$40K	$735K	10x	as long as short
Hyperliquid XMR	+0.1248%	1h	573.24	−0.181%	$86.3M	$71.3M	5x	as long as short
SoDEX XMR-USD	+0.1418%	1h	574.66	+0.066%	$437K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.1930%	1h	573.68	−0.104%	$1K	$44K	10x	as long as short