Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.1002%/8h= +109.8% APRpaid last 24h +0.134%

Price spread now: Orderly against Polymarket Perps+0.115%7-day average −0.017% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.543%+$54 on $10k

Price spread, last 4 days (all we have)−0.087%−$9 · spread now +0.115%, 7d avg −0.017%

Together, before fees+0.457%+$46 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and Orderly is 0.133% dearer against Polymarket Perps than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.017%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.543% in total (about 28.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps XMR-USD	572.83	0.0100	pay 0.0013% / 1h	42m 08s	$30K	$1.7M	5x
Short	Orderly PERP_XMR_USDC	573.49	0.1102	get 0.1102% / 8h	7h 42m	$40K	$423K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.115%Rate

Funding earned: $210.49
Price spread: +0.115% → −0.017%: $13.25
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: $209.74
Costs to cover: 0.140%
Break-even: 0.0 days

Slippage unknown: Polymarket Perps: live order book, 21 min ago; Orderly: no order-book sample. Net counts fees only.

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, 21 min ago	1.84 bp	7.8 bp −$8	8.0 bp −$80	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	572.88	+0.008%	$34K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.697%	$3K	$3K	12x	as long as short
Gate XMR_USDT	+0.0100%	8h	573.28	+0.079%	$1.6M	$2.6M	50x	as long as short
edgeX XMRUSDC	+0.0100%	4h	572.85	+0.004%	$1.0M	$544K	10x	as long as short
Polymarket Perps XMR-USDlong	+0.0100%	1h	572.83	long leg	$30K	$1.7M	5x
SunX XMR-USDT	+0.0100%	8h	572.78	−0.009%	$2K	$1.2M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	572.91	+0.014%	$1.1M	$1.1M	20x	as long as short
Bybit XMRUSDT	+0.0101%	8h	573.14	+0.054%	$46.4M	$49.2M	75x	as long as short
Aevo XMR-PERP	+0.0200%	1h	573.37	+0.094%	$12K	—	3x	as long as short
Extended XMR-USD	+0.0360%	1h	573.44	+0.107%	$3.0M	$7.5M	25x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XMRUSDTM	+0.0363%	8h	573.55	+0.126%	$45.4M	$17.6M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0371%	1h	572.69	−0.025%	$5.4M	$8.8M	50x	as long as short
Lighter XMR	+0.0400%	1h	573.16	+0.058%	$3.0M	$5.5M	10x	as long as short
Binance XMRUSDT	+0.0490%	8h	573.53	+0.122%	$52.4M	$104.4M	75x	as long as short
MEXC XMR_USDT	+0.0490%	8h	573.53	+0.122%	$20.1M	$9.7M	100x	as long as short
BingX XMR-USDT	+0.0507%	8h	573.44	+0.106%	—	$5.2M	—	as long as short
Bitget XMRUSDT	+0.0537%	8h	573.78	+0.166%	$9.5M	$10.1M	50x	as long as short
Pacifica XMR	+0.0550%	1h	573.05	+0.038%	$270K	$751K	10x	as long as short
Aster XMRUSDT	+0.0615%	8h	573.47	+0.112%	$644K	$1.6M	75x	as long as short
Hyperliquid XMR	+0.0637%	1h	573.70	+0.152%	$87.0M	$58.8M	5x	as long as short
Paradex XMR-USD-PERP	+0.0668%	8h	573.29	+0.081%	$8K	$2K	20x	as long as short
GRVT XMR_USDT_Perp	+0.0728%	8h	573.13	+0.052%	$334K	$631K	10x	as long as short
BloFin XMR-USDT	+0.0793%	8h	572.95	+0.021%	$2.7M	$9.8M	75x	as long as short
Variational Omni XMR	+0.0804%	8h	573.01	+0.032%	$6.2M	$2.3M	—	as long as short
SoDEX XMR-USD	+0.0990%	1h	573.67	+0.147%	$436K	$4K	5x	as long as short
Nado XMR-PERP	+0.0994%	1h	573.29	+0.080%	$1.2M	$313K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1077% / S −0.1372%	1h	572.58	−0.043%	$596K	—	100x	as long as short
Orderly PERP_XMR_USDCshort	+0.1102%	8h	573.49	+0.115%	$40K	$423K	10x
Backpack XMR_USDC_PERP	+0.1281%	1h	573.14	+0.054%	$136K	$429K	20x	as long as short
dYdX XMR-USD	+0.1495%	1h	572.65	−0.032%	$104K	$28K	5x	as long as short
Aftermath Perps XMRUSD	+0.2039%	1h	573.36	+0.092%	$1K	$38K	10x	as long as short