Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0425%/8h= −46.5% APRpaid last 24h −0.063%

Price spread now: KuCoin against Polymarket Perps−0.091%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$500.504% of the position

Long on Polymarket Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.452%−$45 on $10k

Price spread, last 7 days+0.074%+$7 · spread now −0.091%, 7d avg −0.061%

Together, before fees−0.378%−$38 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and KuCoin is 0.030% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.061%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps XMR-USD	573.16	0.0763	pay 0.0095% / 1h	29m 51s	$25K	$2.2M	5x
Short	KuCoin XMRUSDTM	572.64	0.0338	get 0.0338% / 8h	3h 29m	$45.0M	$26.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.091%Rate

Funding earned: −$89.19
Price spread: −0.091% → −0.061%: −$3.02
Slippage, 4 orders: −$30.43
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$142.64
Costs to cover: 0.504%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 4 min ago; KuCoin: 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	2.53 bp	6.9 bp −$7	7.7 bp −$77	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	2.18 bp	19.1 bp −$19	49.2 bp −$492	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	572.41	−0.131%	$50K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.638%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	573.45	+0.051%	$1.0M	$645K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	572.97	−0.033%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	572.01	−0.201%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0216%	1h	573.72	+0.098%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSD	+0.0226%	1h	572.49	−0.117%	$5.4M	$19.4M	50x	as long as short
KuCoin XMRUSDTMshort	+0.0338%	8h	572.64	−0.091%	$45.0M	$26.3M	50x
Gate XMR_USDT	+0.0483%	8h	573.03	−0.023%	$1.6M	$4.5M	50x	as long as short
Bitget XMRUSDT	+0.0524%	8h	573.50	+0.059%	$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
Lighter XMR	+0.0544%	1h	573.33	+0.030%	$3.1M	$7.5M	10x	as long as short
MEXC XMR_USDT	+0.0548%	8h	573.04	−0.021%	$19.8M	$14.7M	100x	as long as short
Backpack XMR_USDC_PERP	+0.0549%	1h	572.98	−0.031%	$169K	$533K	20x	as long as short
Binance XMRUSDT	+0.0552%	8h	573.08	−0.014%	$52.3M	$163.6M	75x	as long as short
BingX XMR-USDT	+0.0560%	8h	573.19	+0.005%	—	$5.6M	—	as long as short
Bybit XMRUSDT	+0.0611%	8h	573.14	−0.003%	$46.7M	$64.4M	75x	as long as short
Extended XMR-USD	+0.0664%	1h	572.92	−0.043%	$3.1M	$8.3M	25x	as long as short
Pacifica XMR	+0.0682%	1h	573.36	+0.035%	$265K	$1.0M	10x	as long as short
Aster XMRUSDT	+0.0696%	8h	572.68	−0.084%	$634K	$2.3M	75x	as long as short
Polymarket Perps XMR-USDlong	+0.0763%	1h	573.16	long leg	$25K	$2.2M	5x
BloFin XMR-USDT	+0.0897%	8h	573.52	+0.063%	$2.7M	$11.2M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0941%	8h	573.82	+0.115%	$337K	$726K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0989% / S −0.1256%	1h	572.22	−0.163%	$590K	—	100x	as long as short
Paradex XMR-USD-PERP	+0.0990%	8h	573.76	+0.105%	$8K	$4K	20x	as long as short
dYdX XMR-USD	+0.1045%	1h	572.11	−0.184%	$104K	$44K	5x	as long as short
Nado XMR-PERP	+0.1092%	1h	573.33	+0.029%	$1.3M	$458K	10x	as long as short
Variational Omni XMR	+0.1120%	8h	574.77	+0.282%	$6.4M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1125%	8h	573.48	+0.056%	$40K	$735K	10x	as long as short
Hyperliquid XMR	+0.1246%	1h	573.27	+0.019%	$86.3M	$71.3M	5x	as long as short
SoDEX XMR-USD	+0.1412%	1h	573.49	+0.058%	$436K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.1944%	1h	573.28	+0.021%	$1K	$44K	10x	as long as short