Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0760%/8h= −83.3% APRpaid last 24h +0.018%

Price spread now: Gate against Polymarket Perps−0.056%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$570.568% of the position

Long on Polymarket Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 7 days−0.015%−$1 · spread now −0.056%, 7d avg −0.057%

Together, before fees−0.096%−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.057%, so right now this pair is about funding alone: −$23 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.081% in total (about -4.2% 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	Polymarket Perps XMR-USD	591.31	0.1334	pay 0.0167% / 1h	53m 28s	$50K	$1.9M	5x
Short	Gate XMR_USDT	590.98	0.0574	get 0.0574% / 8h	6h 53m	$1.6M	$4.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.056%Rate

Funding earned: −$159.7
Price spread: −0.056% → −0.057%: $0.07
Slippage, 4 orders: −$33.83
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$216.46
Costs to cover: 0.568%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 5 min ago; Gate: live order book, 5 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, 5 min ago	3.08 bp	7.5 bp −$7	7.9 bp −$79	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	5.30 bp	14.7 bp −$15	47.8 bp −$478	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	590.19	−0.190%	$34K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+0.922%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	585.54	−0.976%	$1.0M	$662K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	586.41	−0.829%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	587.00	−0.729%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0192%	1h	587.61	−0.626%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0443%	8h	591.34	+0.005%	$21.4M	$15.2M	100x	as long as short
Binance XMRUSDT	+0.0455%	8h	591.51	+0.034%	$54.1M	$167.7M	75x	as long as short
Gate XMR_USDTshort	+0.0574%	8h	590.98	−0.056%	$1.6M	$4.6M	50x
Bitget XMRUSDT	+0.0574%	8h	591.27	−0.007%	$9.7M	$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
Aster XMRUSDT	+0.0635%	8h	589.97	−0.227%	$656K	$2.5M	75x	as long as short
BloFin XMR-USDT	+0.0644%	8h	585.46	−0.989%	$2.8M	$11.5M	75x	as long as short
KuCoin XMRUSDTM	+0.0716%	8h	590.04	−0.215%	$48.3M	$26.1M	50x	as long as short
Pacifica XMR	+0.0821%	1h	590.76	−0.093%	$271K	$1.1M	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0921% / S −0.1124%	1h	590.45	−0.146%	$668K	—	100x	as long as short
GRVT XMR_USDT_Perp	+0.0943%	8h	586.57	−0.802%	$348K	$802K	10x	as long as short
Variational Omni XMR	+0.0958%	8h	583.01	−1.404%	$6.6M	$2.7M	—	as long as short
Orderly PERP_XMR_USDC	+0.1050%	8h	591.03	−0.047%	$42K	$735K	10x	as long as short
BingX XMR-USDT	+0.1087%	8h	591.27	−0.007%	—	$5.8M	—	as long as short
Backpack XMR_USDC_PERP	+0.1088%	1h	588.69	−0.443%	$184K	$535K	20x	as long as short
Bybit XMRUSDT	+0.1101%	8h	591.29	−0.003%	$47.5M	$64.9M	75x	as long as short
Lighter XMR	+0.1144%	1h	590.49	−0.139%	$3.3M	$7.2M	10x	as long as short
Paradex XMR-USD-PERP	+0.1238%	8h	590.16	−0.194%	$8K	$4K	20x	as long as short
Kraken Futures PF_XMRUSD	+0.1300%	1h	587.94	−0.569%	$5.6M	$20.5M	50x	as long as short
Polymarket Perps XMR-USDlong	+0.1334%	1h	591.31	long leg	$50K	$1.9M	5x
Nado XMR-PERP	+0.1439%	1h	591.50	+0.033%	$1.3M	$463K	10x	as long as short
dYdX XMR-USD	+0.1481%	1h	589.22	−0.353%	$107K	$50K	5x	as long as short
Hyperliquid XMR	+0.1929%	1h	591.42	+0.019%	$89.5M	$72.9M	5x	as long as short
SoDEX XMR-USD	+0.1939%	1h	587.90	−0.577%	$447K	$3K	5x	as long as short
Extended XMR-USD	+0.2280%	1h	591.11	−0.034%	$3.1M	$8.1M	25x	as long as short
Aftermath Perps XMRUSD	+0.2646%	1h	586.13	−0.877%	$1K	$46K	10x	as long as short