Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0112%/8h= +12.3% APRpaid last 24h +0.058%

Price spread now: Gate against Polymarket Perps−0.168%7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$590.585% of the position

Long on Polymarket Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 7 days+0.193%+$19 · spread now −0.168%, 7d avg −0.054%

Together, before fees+0.109%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.114% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.168% now, against its 7-day average of −0.054%). If the spread goes back, that is −$11 on $10k: about 3.4 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.084%, 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	595.09	0.0315	pay 0.0039% / 1h	4m 16s	$24K	$1.8M	5x
Short	Gate XMR_USDT	594.09	0.0427	get 0.0427% / 8h	2h 04m	$1.6M	$4.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.168%Rate

Funding earned: $23.49
Price spread: −0.168% → −0.054%: −$11.42
Slippage, 4 orders: −$35.5
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$46.43
Costs to cover: 0.585%
Break-even: 20.8 days

Slippage from Polymarket Perps: live order book, 4 min ago; Gate: 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, 4 min ago	3.35 bp	7.4 bp −$7	7.8 bp −$78	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	8.05 bp	22.6 bp −$23	37.4 bp −$374	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	593.78	−0.219%	$44K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	591.89	−0.538%	$3K	$6K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	594.34	−0.126%	$47.9M	$61.2M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	597.83	+0.461%	$1.1M	$672K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	594.11	−0.165%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0168%	1h	594.96	−0.022%	$12K	—	3x	as long as short
Variational Omni XMR	+0.0257%	8h	594.64	−0.075%	$6.9M	$2.7M	—	as long as short
Lighter XMR	+0.0288%	1h	594.45	−0.108%	$3.5M	$6.7M	10x	as long as short
Polymarket Perps XMR-USDlong	+0.0315%	1h	595.09	long leg	$24K	$1.8M	5x
MEXC XMR_USDT	+0.0339%	8h	594.60	−0.082%	$22.6M	$15.3M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XMRUSDT	+0.0341%	8h	594.61	−0.081%	$54.5M	$162.5M	75x	as long as short
BingX XMR-USDT	+0.0358%	8h	594.82	−0.045%	—	$5.8M	—	as long as short
Bitget XMRUSDT	+0.0382%	8h	594.59	−0.084%	$9.9M	$14.2M	50x	as long as short
Gate XMR_USDTshort	+0.0427%	8h	594.09	−0.168%	$1.6M	$4.5M	50x
Backpack XMR_USDC_PERP	+0.0467%	1h	595.38	+0.049%	$202K	$574K	20x	as long as short
BloFin XMR-USDT	+0.0490%	8h	596.10	+0.170%	$2.8M	$11.4M	75x	as long as short
SoDEX XMR-USD	+0.0516%	1h	594.62	−0.079%	$452K	$3K	5x	as long as short
Aster XMRUSDT	+0.0531%	8h	594.76	−0.055%	$678K	$2.3M	75x	as long as short
KuCoin XMRUSDTM	+0.0575%	8h	594.05	−0.175%	$49.0M	$25.6M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0592%	8h	596.61	+0.256%	$347K	$782K	10x	as long as short
Kraken Futures PF_XMRUSD	+0.0613%	1h	593.58	−0.253%	$5.7M	$20.4M	50x	as long as short
Pacifica XMR	+0.0619%	1h	594.89	−0.033%	$271K	$1.0M	10x	as long as short
Paradex XMR-USD-PERP	+0.0814%	8h	594.83	−0.043%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0843% / S −0.1414%	1h	593.70	−0.234%	$354K	—	100x	as long as short
dYdX XMR-USD	+0.0880%	1h	594.60	−0.082%	$108K	$50K	5x	as long as short
Orderly PERP_XMR_USDC	+0.0885%	8h	594.88	−0.035%	$48K	$718K	10x	as long as short
Nado XMR-PERP	+0.1051%	1h	594.66	−0.071%	$1.3M	$479K	10x	as long as short
Extended XMR-USD	+0.1424%	1h	594.51	−0.097%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1581%	1h	595.73	+0.108%	$87.4M	$66.6M	5x	as long as short
HTX XMR-USDT	+0.2235%	8h	594.04	−0.176%	$1.1M	$1.4M	20x	as long as short
Aftermath Perps XMRUSD	+0.2362%	1h	595.17	+0.014%	$2K	$47K	10x	as long as short