Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0269%/8h= −29.4% APRpaid last 24h −0.137%

Price spread now: GRVT against Polymarket Perps+0.248%63s7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2,060as 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−$2,02720.274% of the position

Long on Polymarket Perps Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.321%−$32 on $10k

Price spread, last 3 days (all we have)−0.116%−$12 · spread now +0.248%, 7d avg −0.006%

Together, before fees−0.437%+ Points / potential airdropGRVT: Active · farm board−$44 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.255% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.248% now, against its 7-day average of −0.006%): +$25 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 3.2 days. The two prices were read 63 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	596.40	0.0872	pay 0.0109% / 1h	22m 03s	$23K	$1.8M	5x
Short	GRVT XMR_USDT_Perp	597.88	0.0603	get 0.0603% / 8h	1h 22m	$355K	$785K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.248%Rate

Funding earned: −$56.44
Price spread: +0.248% → −0.006%: $25.46
Slippage, 4 orders: −$2,010.45
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$2,058.43
Costs to cover: 20.274%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 2 min ago; GRVT: live order book, 61 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, 2 min ago	2.68 bp	7.5 bp −$7	7.6 bp −$76	doesn't fit	doesn't fit
Sell GRVT live order book, 61 min ago	2.52 bp	9.5 bp −$10	doesn't fit	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	595.66	−0.125%	$44K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	596.98	+0.097%	$48.4M	$61.7M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	597.29	+0.150%	$1.1M	$664K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	596.17	−0.039%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0168%	1h	596.79	+0.066%	$12K	—	3x	as long as short
Variational Omni XMR	+0.0282%	8h	597.79	+0.233%	$6.9M	$2.6M	—	as long as short
MEXC XMR_USDT	+0.0333%	8h	596.88	+0.080%	$22.3M	$15.0M	100x	as long as short
Binance XMRUSDT	+0.0333%	8h	596.49	+0.016%	$54.7M	$163.1M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0382%	1h	595.76	−0.107%	$5.7M	$20.4M	50x	as long as short
Pacifica XMR	+0.0387%	1h	595.88	−0.087%	$270K	$1.0M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX XMR-USDT	+0.0394%	8h	596.85	+0.075%	—	$5.7M	—	as long as short
Bitget XMRUSDT	+0.0414%	8h	596.38	−0.003%	$9.9M	$14.2M	50x	as long as short
BloFin XMR-USDT	+0.0469%	8h	597.41	+0.169%	$2.8M	$11.5M	75x	as long as short
KuCoin XMRUSDTM	+0.0539%	8h	596.33	−0.012%	$48.6M	$25.9M	50x	as long as short
Aster XMRUSDT	+0.0544%	8h	596.10	−0.050%	$679K	$2.4M	75x	as long as short
Gate XMR_USDT	+0.0545%	8h	595.43	−0.163%	$1.7M	$4.6M	50x	as long as short
Lighter XMR	+0.0592%	1h	596.35	−0.008%	$3.4M	$6.9M	10x	as long as short
GRVT XMR_USDT_Perpshort	+0.0603%	8h	597.88	+0.248%	$355K	$785K	10x
Injective XMR/USDC PERP	+0.0695%	1h	596.76	+0.060%	$3K	$6K	12x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0808% / S −0.1288%	1h	595.44	−0.161%	$330K	—	100x	as long as short
Paradex XMR-USD-PERP	+0.0870%	8h	595.86	−0.090%	$8K	$4K	20x	as long as short
Polymarket Perps XMR-USDlong	+0.0872%	1h	596.40	long leg	$23K	$1.8M	5x
SoDEX XMR-USD	+0.0917%	1h	596.69	+0.049%	$453K	$3K	5x	as long as short
Orderly PERP_XMR_USDC	+0.0944%	8h	596.61	+0.035%	$44K	$729K	10x	as long as short
Backpack XMR_USDC_PERP	+0.0981%	1h	596.11	−0.049%	$203K	$575K	20x	as long as short
Nado XMR-PERP	+0.1379%	1h	596.12	−0.047%	$1.3M	$482K	10x	as long as short
dYdX XMR-USD	+0.1773%	1h	594.45	−0.327%	$108K	$50K	5x	as long as short
Extended XMR-USD	+0.1880%	1h	596.76	+0.060%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1954%	1h	597.04	+0.107%	$88.8M	$68.6M	5x	as long as short
HTX XMR-USDT	+0.1982%	8h	595.19	−0.203%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2443%	1h	596.70	+0.050%	$2K	$47K	10x	as long as short