Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0079%/8h= −8.6% APRpaid last 24h +0.173%

Price spread now: Orderly against Polymarket Perps+0.056%7-day average −0.019% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.474%+$47 on $10k

Price spread, last 3 days (all we have)−0.138%−$14 · spread now +0.056%, 7d avg −0.019%

Together, before fees+0.335%+$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Orderly is 0.075% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.056% now, against its 7-day average of −0.019%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.474%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps XMR-USD	590.41	0.1129	pay 0.0141% / 1h	50m 41s	$50K	$1.9M	5x
Short	Orderly PERP_XMR_USDC	590.74	0.1050	get 0.1050% / 8h	6h 50m	$42K	$735K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.056%Rate

Funding earned: −$16.49
Price spread: +0.056% → −0.019%: $7.49
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$23
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 3 min ago; Orderly: no order-book sample. Net counts fees only.

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	2.71 bp	7.1 bp −$7	8.1 bp −$81	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	589.75	−0.113%	$34K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.076%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	590.83	+0.071%	$1.1M	$663K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	589.83	−0.098%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	590.31	−0.017%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0200%	1h	590.93	+0.088%	$12K	—	3x	as long as short
Binance XMRUSDT	+0.0467%	8h	590.97	+0.095%	$54.0M	$167.7M	75x	as long as short
MEXC XMR_USDT	+0.0467%	8h	591.09	+0.115%	$21.3M	$15.2M	100x	as long as short
Gate XMR_USDT	+0.0540%	8h	590.06	−0.059%	$1.6M	$4.6M	50x	as long as short
Bitget XMRUSDT	+0.0575%	8h	590.99	+0.098%	$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	+0.0657%	8h	591.32	+0.154%	$656K	$2.5M	75x	as long as short
BloFin XMR-USDT	+0.0673%	8h	590.81	+0.068%	$2.7M	$11.6M	75x	as long as short
KuCoin XMRUSDTM	+0.0732%	8h	590.66	+0.042%	$48.3M	$26.1M	50x	as long as short
Pacifica XMR	+0.0821%	1h	591.04	+0.107%	$272K	$1.1M	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0920% / S −0.1124%	1h	589.54	−0.147%	$667K	—	100x	as long as short
Variational Omni XMR	+0.0963%	8h	590.83	+0.071%	$6.7M	$2.7M	—	as long as short
dYdX XMR-USD	+0.0988%	1h	589.59	−0.140%	$107K	$50K	5x	as long as short
GRVT XMR_USDT_Perp	+0.1023%	8h	591.74	+0.226%	$351K	$789K	10x	as long as short
Orderly PERP_XMR_USDCshort	+0.1050%	8h	590.74	+0.056%	$42K	$735K	10x
Bybit XMRUSDT	+0.1052%	8h	591.04	+0.107%	$47.5M	$65.0M	75x	as long as short
BingX XMR-USDT	+0.1057%	8h	591.11	+0.119%	—	$5.8M	—	as long as short
Lighter XMR	+0.1072%	1h	590.84	+0.073%	$3.3M	$7.2M	10x	as long as short
Polymarket Perps XMR-USDlong	+0.1129%	1h	590.41	long leg	$50K	$1.9M	5x
Backpack XMR_USDC_PERP	+0.1154%	1h	590.09	−0.054%	$185K	$535K	20x	as long as short
Paradex XMR-USD-PERP	+0.1244%	8h	590.52	+0.019%	$8K	$4K	20x	as long as short
Kraken Futures PF_XMRUSD	+0.1296%	1h	589.73	−0.115%	$5.6M	$20.5M	50x	as long as short
Nado XMR-PERP	+0.1421%	1h	590.45	+0.006%	$1.3M	$463K	10x	as long as short
SoDEX XMR-USD	+0.1614%	1h	590.87	+0.078%	$449K	$3K	5x	as long as short
Hyperliquid XMR	+0.1732%	1h	591.01	+0.102%	$89.5M	$73.0M	5x	as long as short
Extended XMR-USD	+0.2248%	1h	590.72	+0.053%	$3.2M	$8.1M	25x	as long as short
Aftermath Perps XMRUSD	+0.2640%	1h	587.84	−0.436%	$1K	$46K	10x	as long as short