Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0714%/8h= +78.1% APRpaid last 24h +0.106%

Price spread now: Polymarket Perps against Bybit+0.030%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs+$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$360.362% of the position

Long on Bybit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.566%+$57 on $10k

Price spread, last 7 days−0.023%−$2 · spread now +0.030%, 7d avg +0.005%

Together, before fees+0.543%+$54 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Polymarket Perps is 0.026% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XMRUSDT	598.02	0.0100	pay 0.0100% / 8h	1h 04m	$48.7M	$62.1M	75x
Short	Polymarket Perps XMR-USD	598.20	0.0814	get 0.0102% / 1h	4m 53s	$23K	$1.8M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bybit. 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 BybitbpFee Polymarket PerpsbpOrdersPrice spread, now +0.030%Rate

Funding earned: $149.84
Price spread: +0.030% → +0.005%: $2.56
Slippage, 4 orders: −$17.17
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $116.23
Costs to cover: 0.362%
Break-even: 1.6 days

Slippage from Bybit: live order book, 9 min ago; Polymarket Perps: 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 Bybit live order book, 9 min ago	0.84 bp	10.1 bp −$10	23.5 bp −$235	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	2.68 bp	7.7 bp −$8	7.8 bp −$78	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	597.62	−0.067%	$45K	—	150x	as long as short
Bybit XMRUSDTlong	+0.0100%	8h	598.02	long leg	$48.7M	$62.1M	75x
edgeX XMRUSDC	+0.0100%	4h	597.86	−0.027%	$1.1M	$665K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	597.32	−0.117%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0168%	1h	598.13	+0.018%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0329%	8h	597.97	−0.008%	$22.3M	$15.0M	100x	as long as short
Binance XMRUSDT	+0.0330%	8h	598.00	−0.003%	$54.8M	$163.3M	75x	as long as short
Variational Omni XMR	+0.0338%	8h	597.86	−0.026%	$6.9M	$2.6M	—	as long as short
Kraken Futures PF_XMRUSD	+0.0381%	1h	597.05	−0.162%	$5.7M	$20.3M	50x	as long as short
Pacifica XMR	+0.0387%	1h	598.07	+0.009%	$281K	$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	+0.0396%	8h	598.15	+0.022%	—	$5.7M	—	as long as short
Bitget XMRUSDT	+0.0418%	8h	598.20	+0.030%	$10.0M	$14.2M	50x	as long as short
BloFin XMR-USDT	+0.0464%	8h	598.00	−0.003%	$2.8M	$11.6M	75x	as long as short
Lighter XMR	+0.0496%	1h	597.97	−0.008%	$3.4M	$6.9M	10x	as long as short
Gate XMR_USDT	+0.0551%	8h	597.33	−0.115%	$1.7M	$4.6M	50x	as long as short
KuCoin XMRUSDTM	+0.0558%	8h	597.66	−0.060%	$48.7M	$25.8M	50x	as long as short
Aster XMRUSDT	+0.0570%	8h	598.17	+0.026%	$685K	$2.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0615%	8h	598.15	+0.022%	$349K	$797K	10x	as long as short
Injective XMR/USDC PERP	+0.0695%	1h	596.76	−0.211%	$3K	$6K	12x	as long as short
SoDEX XMR-USD	+0.0793%	1h	598.18	+0.027%	$455K	$3K	5x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0810% / S −0.1291%	1h	597.24	−0.131%	$332K	—	100x	as long as short
Polymarket Perps XMR-USDshort	+0.0814%	1h	598.20	+0.030%	$23K	$1.8M	5x
Paradex XMR-USD-PERP	+0.0849%	8h	598.18	+0.028%	$8K	$4K	20x	as long as short
Orderly PERP_XMR_USDC	+0.0955%	8h	597.91	−0.018%	$44K	$729K	10x	as long as short
Backpack XMR_USDC_PERP	+0.0998%	1h	597.88	−0.023%	$204K	$575K	20x	as long as short
Nado XMR-PERP	+0.1213%	1h	597.97	−0.008%	$1.3M	$475K	10x	as long as short
Extended XMR-USD	+0.1840%	1h	598.00	−0.003%	$3.2M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1906%	1h	598.53	+0.085%	$89.8M	$69.6M	5x	as long as short
HTX XMR-USDT	+0.1958%	8h	596.00	−0.338%	$1.1M	$1.5M	20x	as long as short
dYdX XMR-USD	+0.2085%	1h	597.22	−0.134%	$108K	$50K	5x	as long as short
Aftermath Perps XMRUSD	+0.2401%	1h	597.64	−0.064%	$2K	$47K	10x	as long as short