Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0258%/8h= +28.3% APRpaid last 24h +0.055%

Price spread now: Polymarket Perps against Bitget+0.014%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs+$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$430.430% of the position

Long on Bitget Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.451%+$45 on $10k

Price spread, last 7 days−0.091%−$9 · spread now +0.014%, 7d avg −0.011%

Together, before fees+0.360%+$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Polymarket Perps is 0.025% dearer against Bitget than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XMRUSDT	574.16	0.0594	pay 0.0594% / 8h	1h 56m	$9.5M	$12.6M	50x
Short	Polymarket Perps XMR-USD	574.24	0.0852	get 0.0107% / 1h	56m 28s	$23K	$2.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bitget. 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 BitgetbpFee Polymarket PerpsbpOrdersPrice spread, now +0.014%Rate

Funding earned: $54.26
Price spread: +0.014% → −0.011%: $2.48
Slippage, 4 orders: −$23.01
Fee Bitget: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $13.74
Costs to cover: 0.430%
Break-even: 5.2 days

Slippage from Bitget: live order book, 2 min ago; Polymarket Perps: live order book, 2 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 Bitget live order book, 2 min ago	3.65 bp	13.4 bp −$13	23.5 bp −$235	77.5 bp −$7,751	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	3.22 bp	7.4 bp −$7	7.4 bp −$74	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 −0.0003%	1h	573.58	−0.100%	$38K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.461%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	574.24	+0.013%	$1.0M	$633K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	573.70	−0.080%	$2K	$1.8M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	574.89	+0.127%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0240%	1h	574.76	+0.105%	$12K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0331%	8h	574.00	−0.028%	$45.2M	$26.0M	50x	as long as short
dYdX XMR-USD	+0.0386%	1h	573.69	−0.083%	$104K	$43K	5x	as long as short
Lighter XMR	+0.0520%	1h	574.40	+0.041%	$3.1M	$6.1M	10x	as long as short
Bitget XMRUSDTlong	+0.0594%	8h	574.16	long leg	$9.5M	$12.6M	50x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended XMR-USD	+0.0632%	1h	574.20	+0.007%	$3.0M	$8.3M	25x	as long as short
Kraken Futures PF_XMRUSD	+0.0633%	1h	573.34	−0.143%	$5.4M	$18.2M	50x	as long as short
MEXC XMR_USDT	+0.0641%	8h	574.15	−0.002%	$20.1M	$14.3M	100x	as long as short
Binance XMRUSDT	+0.0646%	8h	574.27	+0.020%	$52.4M	$153.3M	75x	as long as short
BingX XMR-USDT	+0.0663%	8h	574.35	+0.033%	—	$5.5M	—	as long as short
Gate XMR_USDT	+0.0685%	8h	574.05	−0.019%	$1.5M	$3.3M	50x	as long as short
Bybit XMRUSDT	+0.0694%	8h	574.19	+0.005%	$46.7M	$62.7M	75x	as long as short
Aster XMRUSDT	+0.0803%	8h	574.36	+0.034%	$638K	$2.1M	75x	as long as short
Polymarket Perps XMR-USDshort	+0.0852%	1h	574.24	+0.014%	$23K	$2.1M	5x
Paradex XMR-USD-PERP	+0.0882%	8h	574.70	+0.094%	$8K	$3K	20x	as long as short
Pacifica XMR	+0.1002%	1h	574.44	+0.049%	$266K	$981K	10x	as long as short
Backpack XMR_USDC_PERP	+0.1022%	1h	574.17	+0.002%	$174K	$533K	20x	as long as short
GRVT XMR_USDT_Perp	+0.1023%	8h	574.78	+0.109%	$335K	$729K	10x	as long as short
Nado XMR-PERP	+0.1030%	1h	574.35	+0.033%	$1.3M	$446K	10x	as long as short
BloFin XMR-USDT	+0.1055%	8h	574.43	+0.047%	$2.7M	$11.0M	75x	as long as short
Hyperliquid XMR	+0.1091%	1h	574.25	+0.016%	$86.9M	$69.2M	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1129% / S −0.1497%	1h	573.45	−0.124%	$600K	—	100x	as long as short
Variational Omni XMR	+0.1164%	8h	574.79	+0.109%	$6.2M	$2.4M	—	as long as short
Orderly PERP_XMR_USDC	+0.1203%	8h	574.18	+0.003%	$40K	$609K	10x	as long as short
SoDEX XMR-USD	+0.1272%	1h	574.34	+0.031%	$437K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.1974%	1h	574.47	+0.053%	$1K	$42K	10x	as long as short