Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h +0.064%

Price spread now: Polymarket Perps against Gate−0.082%48s7-day average +0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as 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−$550.550% of the position

Long on Gate Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 7 days+0.021%+$2 · spread now −0.082%, 7d avg +0.053%

Together, before fees+0.103%+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Polymarket Perps is 0.135% cheaper against Gate than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.053%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.081%, so the current rate has only just turned against you. The two prices were read 48 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	Gate XMR_USDT	572.51	0.0216	pay 0.0216% / 8h	7h 33m	$1.6M	$2.6M	50x
Short	Polymarket Perps XMR-USD	572.04	0.0100	get 0.0013% / 1h	33m 41s	$30K	$1.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Gate. 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 GatebpFee Polymarket PerpsbpOrdersPrice spread, now −0.082%Rate

Funding earned: −$24.36
Price spread: −0.082% → +0.053%: −$13.46
Slippage, 4 orders: −$32.01
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$92.84
Costs to cover: 0.550%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Polymarket Perps: live order book, 30 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 Gate live order book, 4 min ago	6.02 bp	19.6 bp −$20	38.4 bp −$384	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 30 min ago	1.84 bp	6.5 bp −$6	7.6 bp −$76	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 −0.0005%	1h	572.34	−0.030%	$34K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.754%	$3K	$3K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	572.24	−0.047%	$46.3M	$48.8M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	573.16	+0.113%	$1.0M	$537K	10x	as long as short
Polymarket Perps XMR-USDshort	+0.0100%	1h	572.04	−0.082%	$30K	$1.6M	5x
SunX XMR-USDT	+0.0100%	8h	573.19	+0.119%	$2K	$1.2M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	572.85	+0.059%	$1.1M	$1.1M	20x	as long as short
Aevo XMR-PERP	+0.0200%	1h	573.46	+0.167%	$12K	—	3x	as long as short
Gate XMR_USDTlong	+0.0216%	8h	572.51	long leg	$1.6M	$2.6M	50x
Lighter XMR	+0.0344%	1h	572.55	+0.007%	$3.0M	$5.5M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XMRUSDTM	+0.0362%	8h	572.46	−0.009%	$45.3M	$17.4M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0371%	1h	572.68	+0.029%	$5.4M	$8.7M	50x	as long as short
Extended XMR-USD	+0.0416%	1h	572.05	−0.080%	$3.0M	$7.4M	25x	as long as short
MEXC XMR_USDT	+0.0479%	8h	572.50	−0.002%	$20.0M	$9.7M	100x	as long as short
Binance XMRUSDT	+0.0479%	8h	572.55	+0.008%	$52.3M	$102.6M	75x	as long as short
BingX XMR-USDT	+0.0516%	8h	572.30	−0.037%	—	$5.2M	—	as long as short
Hyperliquid XMR	+0.0532%	1h	572.40	−0.019%	$86.8M	$58.1M	5x	as long as short
Pacifica XMR	+0.0550%	1h	572.46	−0.009%	$269K	$751K	10x	as long as short
Bitget XMRUSDT	+0.0551%	8h	572.35	−0.028%	$9.5M	$10.0M	50x	as long as short
Aster XMRUSDT	+0.0600%	8h	572.73	+0.039%	$652K	$1.6M	75x	as long as short
Paradex XMR-USD-PERP	+0.0634%	8h	573.01	+0.088%	$8K	$2K	20x	as long as short
GRVT XMR_USDT_Perp	+0.0639%	8h	573.68	+0.204%	$334K	$631K	10x	as long as short
BloFin XMR-USDT	+0.0779%	8h	573.67	+0.203%	$2.7M	$9.8M	75x	as long as short
Variational Omni XMR	+0.0792%	8h	572.71	+0.034%	$6.2M	$2.3M	—	as long as short
SoDEX XMR-USD	+0.0912%	1h	573.52	+0.176%	$436K	$4K	5x	as long as short
Nado XMR-PERP	+0.0999%	1h	573.64	+0.197%	$1.3M	$311K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1032% / S −0.1284%	1h	572.06	−0.078%	$595K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1090%	8h	573.26	+0.131%	$40K	$418K	10x	as long as short
Backpack XMR_USDC_PERP	+0.1372%	1h	572.98	+0.082%	$136K	$420K	20x	as long as short
dYdX XMR-USD	+0.1585%	1h	572.10	−0.071%	$104K	$28K	5x	as long as short
Aftermath Perps XMRUSD	+0.2005%	1h	572.68	+0.030%	$1K	$38K	10x	as long as short