Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0332%/8h= −36.3% APRpaid last 24h −0.071%

Price spread now: KuCoin against Polymarket Perps−0.010%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$480.484% of the position

Long on Polymarket Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.460%−$46 on $10k

Price spread, last 7 days+0.024%+$2 · spread now −0.010%, 7d avg −0.061%

Together, before fees−0.436%−$44 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.050% dearer against Polymarket Perps than usual: you sell high and buy low (spread −0.010% now, against its 7-day average of −0.061%): +$5 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps XMR-USD	574.20	0.0656	pay 0.0082% / 1h	24m 54s	$27K	$2.2M	5x
Short	KuCoin XMRUSDTM	574.14	0.0324	get 0.0324% / 8h	2h 24m	$45.0M	$26.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$69.64
Price spread: −0.010% → −0.061%: $5.02
Slippage, 4 orders: −$28.36
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$112.98
Costs to cover: 0.484%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 4 min ago; KuCoin: 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	2.35 bp	6.4 bp −$6	7.9 bp −$79	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	3.40 bp	19.1 bp −$19	52.8 bp −$528	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	573.55	−0.114%	$37K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.454%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	573.27	−0.163%	$1.0M	$640K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	573.82	−0.066%	$2K	$1.8M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	573.95	−0.044%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0232%	1h	574.58	+0.067%	$12K	—	3x	as long as short
KuCoin XMRUSDTMshort	+0.0324%	8h	574.14	−0.010%	$45.0M	$26.2M	50x
dYdX XMR-USD	+0.0411%	1h	572.21	−0.346%	$104K	$44K	5x	as long as short
Bitget XMRUSDT	+0.0576%	8h	574.52	+0.056%	$9.5M	$13.3M	50x	as long as short
MEXC XMR_USDT	+0.0616%	8h	574.41	+0.037%	$19.8M	$14.6M	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	+0.0617%	8h	574.46	+0.045%	$52.6M	$160.9M	75x	as long as short
Gate XMR_USDT	+0.0646%	8h	574.05	−0.026%	$1.6M	$4.3M	50x	as long as short
Polymarket Perps XMR-USDlong	+0.0656%	1h	574.20	long leg	$27K	$2.2M	5x
BingX XMR-USDT	+0.0676%	8h	574.36	+0.028%	—	$5.6M	—	as long as short
Extended XMR-USD	+0.0680%	1h	574.16	−0.006%	$3.0M	$8.1M	25x	as long as short
Bybit XMRUSDT	+0.0709%	8h	574.14	−0.010%	$46.5M	$64.1M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0746%	1h	573.48	−0.125%	$5.4M	$19.1M	50x	as long as short
Aster XMRUSDT	+0.0767%	8h	573.54	−0.115%	$642K	$2.2M	75x	as long as short
Lighter XMR	+0.0864%	1h	574.42	+0.038%	$3.1M	$7.6M	10x	as long as short
Paradex XMR-USD-PERP	+0.0891%	8h	573.49	−0.124%	$8K	$4K	20x	as long as short
Pacifica XMR	+0.0912%	1h	573.30	−0.156%	$265K	$1.0M	10x	as long as short
GRVT XMR_USDT_Perp	+0.1009%	8h	573.87	−0.057%	$345K	$727K	10x	as long as short
BloFin XMR-USDT	+0.1015%	8h	574.79	+0.103%	$2.7M	$11.2M	75x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1079% / S −0.1440%	1h	573.25	−0.166%	$594K	—	100x	as long as short
Hyperliquid XMR	+0.1084%	1h	574.31	+0.019%	$86.6M	$71.0M	5x	as long as short
Variational Omni XMR	+0.1182%	8h	573.18	−0.178%	$6.3M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1190%	8h	574.23	+0.005%	$40K	$682K	10x	as long as short
Nado XMR-PERP	+0.1247%	1h	574.39	+0.033%	$1.3M	$452K	10x	as long as short
SoDEX XMR-USD	+0.1255%	1h	574.57	+0.064%	$437K	$3K	5x	as long as short
Backpack XMR_USDC_PERP	+0.1375%	1h	574.37	+0.030%	$169K	$531K	20x	as long as short
Aftermath Perps XMRUSD	+0.2052%	1h	572.91	−0.224%	$1K	$43K	10x	as long as short