Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1024%/8h= −112.1% APRpaid last 24h −0.190%

Price spread now: edgeX against Polymarket Perps+0.125%64s7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$450.446% of the position

Long on Polymarket Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.721%−$72 on $10k

Price spread, last 3 days (all we have)−0.041%−$4 · spread now +0.125%, 7d avg +0.008%

Together, before fees−0.762%+ Points / potential airdropedgeX: Active · farm board−$76 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.117% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.125% now, against its 7-day average of +0.008%): +$12 on $10k if it goes back. Holding the pair costs −$31 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.721% in total) that is about 27 hours. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps XMR-USD	587.04	0.1124	pay 0.0140% / 1h	12m 25s	$46K	$1.9M	5x
Short	edgeX XMRUSDC	587.78	0.0100	get 0.0050% / 4h	3h 12m	$1.0M	$663K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.125%Rate

Funding earned: −$215.01
Price spread: +0.125% → +0.008%: $11.73
Slippage, 4 orders: −$27.64
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$247.91
Costs to cover: 0.446%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 1 min ago; edgeX: live order book, 1 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, 1 min ago	2.81 bp	7.0 bp −$7	7.1 bp −$71	doesn't fit	doesn't fit
Sell edgeX live order book, 1 min ago	10.90 bp	15.4 bp −$15	16.2 bp −$162	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	585.80	−0.210%	$45K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.656%	$3K	$4K	12x	as long as short
edgeX XMRUSDCshort	+0.0100%	4h	587.78	+0.125%	$1.0M	$663K	10x
SunX XMR-USDT	+0.0100%	8h	586.76	−0.048%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	586.74	−0.051%	$1.1M	$1.6M	20x	as long as short
dYdX XMR-USD	+0.0109%	1h	585.72	−0.224%	$106K	$50K	5x	as long as short
Aevo XMR-PERP	+0.0184%	1h	587.78	+0.127%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0427%	8h	587.30	+0.044%	$21.3M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0431%	8h	587.25	+0.036%	$53.6M	$167.1M	75x	as long as short
Bitget XMRUSDT	+0.0555%	8h	587.16	+0.020%	$9.6M	$14.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin XMR-USDT	+0.0619%	8h	587.33	+0.049%	$2.8M	$11.5M	75x	as long as short
Aster XMRUSDT	+0.0621%	8h	586.60	−0.075%	$650K	$2.5M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0649%	1h	586.17	−0.148%	$5.6M	$20.5M	50x	as long as short
Pacifica XMR	+0.0659%	1h	587.22	+0.030%	$278K	$1.1M	10x	as long as short
KuCoin XMRUSDTM	+0.0721%	8h	587.08	+0.007%	$48.1M	$26.1M	50x	as long as short
Gate XMR_USDT	+0.0727%	8h	586.46	−0.099%	$1.6M	$4.6M	50x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0869% / S −0.2458%	1h	585.88	−0.197%	$546K	—	100x	as long as short
Variational Omni XMR	+0.0884%	8h	587.59	+0.094%	$6.7M	$2.6M	—	as long as short
GRVT XMR_USDT_Perp	+0.0902%	8h	587.78	+0.126%	$347K	$792K	10x	as long as short
Backpack XMR_USDC_PERP	+0.0980%	1h	586.69	−0.060%	$184K	$535K	20x	as long as short
Orderly PERP_XMR_USDC	+0.1042%	8h	587.21	+0.029%	$42K	$739K	10x	as long as short
BingX XMR-USDT	+0.1121%	8h	587.43	+0.066%	—	$5.8M	—	as long as short
Polymarket Perps XMR-USDlong	+0.1124%	1h	587.04	long leg	$46K	$1.9M	5x
Bybit XMRUSDT	+0.1180%	8h	587.25	+0.036%	$47.3M	$64.8M	75x	as long as short
Lighter XMR	+0.1208%	1h	587.13	+0.015%	$3.3M	$7.2M	10x	as long as short
SoDEX XMR-USD	+0.1248%	1h	587.36	+0.055%	$446K	$3K	5x	as long as short
Paradex XMR-USD-PERP	+0.1268%	8h	587.07	+0.005%	$8K	$4K	20x	as long as short
Nado XMR-PERP	+0.1411%	1h	587.26	+0.038%	$1.3M	$465K	10x	as long as short
Hyperliquid XMR	+0.1935%	1h	587.32	+0.048%	$89.1M	$73.1M	5x	as long as short
Extended XMR-USD	+0.2456%	1h	587.14	+0.016%	$3.1M	$8.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2647%	1h	587.27	+0.039%	$1K	$46K	10x	as long as short