Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h −0.139%

Price spread now: Bybit against Polymarket Perps+0.084%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$370.374% of the position

Long on Polymarket Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.600%−$60 on $10k

Price spread, last 7 days−0.117%−$12 · spread now +0.084%, 7d avg −0.003%

Together, before fees−0.717%−$72 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bybit is 0.087% dearer against Polymarket Perps than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.003%. Mind the row above: over the last 7 days funding on this pair cost −0.600%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps XMR-USD	574.40	0.0284	pay 0.0035% / 1h	20m 20s	$26K	$2.2M	5x
Short	Bybit XMRUSDT	574.88	0.0379	get 0.0379% / 8h	4h 20m	$46.7M	$64.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.084%Rate

Funding earned: $20.07
Price spread: +0.084% → −0.003%: $8.66
Slippage, 4 orders: −$18.39
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$8.66
Costs to cover: 0.374%
Break-even: 10.0 days

Slippage from Polymarket Perps: live order book, 3 min ago; Bybit: 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, 3 min ago	3.13 bp	7.5 bp −$8	8.0 bp −$80	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.87 bp	11.5 bp −$11	30.4 bp −$304	100.5 bp −$10.0K	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
Injective XMR/USDC PERP	−0.0136%	1h	582.55	+1.419%	$3K	$3K	12x	as long as short
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0008%	1h	573.65	−0.131%	$50K	—	150x	as long as short
Lighter XMR	+0.0096%	1h	573.88	−0.091%	$3.3M	$7.5M	10x	as long as short
edgeX XMRUSDC	+0.0100%	4h	576.43	+0.353%	$1.0M	$653K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	574.33	−0.012%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	575.00	+0.104%	$1.1M	$1.6M	20x	as long as short
Kraken Futures PF_XMRUSD	+0.0150%	1h	573.19	−0.211%	$5.4M	$19.5M	50x	as long as short
Aevo XMR-PERP	+0.0200%	1h	575.01	+0.107%	$12K	—	3x	as long as short
Polymarket Perps XMR-USDlong	+0.0284%	1h	574.40	long leg	$26K	$2.2M	5x
Gate XMR_USDT	+0.0375%	8h	573.89	−0.089%	$1.6M	$4.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit XMRUSDTshort	+0.0379%	8h	574.88	+0.084%	$46.7M	$64.4M	75x
dYdX XMR-USD	+0.0395%	1h	573.73	−0.117%	$104K	$44K	5x	as long as short
KuCoin XMRUSDTM	+0.0471%	8h	573.71	−0.120%	$44.8M	$26.7M	50x	as long as short
Binance XMRUSDT	+0.0482%	8h	574.79	+0.068%	$52.5M	$164.9M	75x	as long as short
MEXC XMR_USDT	+0.0483%	8h	574.84	+0.077%	$20.2M	$15.0M	100x	as long as short
BingX XMR-USDT	+0.0500%	8h	575.03	+0.110%	—	$5.7M	—	as long as short
Bitget XMRUSDT	+0.0518%	8h	574.76	+0.063%	$9.4M	$14.0M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0541%	1h	573.93	−0.082%	$169K	$535K	20x	as long as short
Pacifica XMR	+0.0626%	1h	574.49	+0.016%	$266K	$1.1M	10x	as long as short
Extended XMR-USD	+0.0632%	1h	574.57	+0.030%	$3.1M	$8.4M	25x	as long as short
Aster XMRUSDT	+0.0670%	8h	573.87	−0.092%	$637K	$2.4M	75x	as long as short
Nado XMR-PERP	+0.0763%	1h	574.62	+0.039%	$1.3M	$466K	10x	as long as short
Paradex XMR-USD-PERP	+0.0772%	8h	574.53	+0.022%	$8K	$4K	20x	as long as short
BloFin XMR-USDT	+0.0779%	8h	574.93	+0.092%	$2.7M	$11.2M	75x	as long as short
Hyperliquid XMR	+0.0801%	1h	574.56	+0.028%	$86.4M	$71.0M	5x	as long as short
GRVT XMR_USDT_Perp	+0.0842%	8h	575.85	+0.252%	$345K	$733K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0989% / S −0.1253%	1h	573.44	−0.167%	$590K	—	100x	as long as short
Variational Omni XMR	+0.1014%	8h	574.77	+0.064%	$6.5M	$2.2M	—	as long as short
SoDEX XMR-USD	+0.1042%	1h	574.35	−0.009%	$437K	$3K	5x	as long as short
Orderly PERP_XMR_USDC	+0.1123%	8h	574.66	+0.045%	$40K	$735K	10x	as long as short
Aftermath Perps XMRUSD	+0.2030%	1h	575.44	+0.181%	$2K	$44K	10x	as long as short