Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0525%/8h= +57.5% APRpaid last 24h −0.013%

Price spread now: Polymarket Perps against Binance+0.023%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$390.387% of the position

Long on Binance Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.338%+$34 on $10k

Price spread, last 7 days−0.022%−$2 · spread now +0.023%, 7d avg −0.014%

Together, before fees+0.316%+$32 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Polymarket Perps is 0.037% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.014%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.338% in total (about 17.6% 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	Binance XMRUSDT	597.63	0.0339	pay 0.0339% / 8h	1h 13m	$54.8M	$163.1M	75x
Short	Polymarket Perps XMR-USD	597.77	0.0864	get 0.0108% / 1h	13m 46s	$23K	$1.8M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Binance. 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 BinancebpFee Polymarket PerpsbpOrdersPrice spread, now +0.023%Rate

Funding earned: $110.19
Price spread: +0.023% → −0.014%: $3.69
Slippage, 4 orders: −$20.74
Fee Binance: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $75.14
Costs to cover: 0.387%
Break-even: 2.2 days

Slippage from Binance: live order book, 14 min ago; Polymarket Perps: live order book, 5 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 Binance live order book, 14 min ago	0.08 bp	13.1 bp −$13	22.6 bp −$226	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 5 min ago	3.44 bp	7.4 bp −$7	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 −0.0009%	1h	596.54	−0.184%	$44K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	597.66	+0.004%	$48.6M	$61.9M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	597.17	−0.077%	$1.1M	$666K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	596.82	−0.136%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0168%	1h	597.74	+0.019%	$12K	—	3x	as long as short
Variational Omni XMR	+0.0314%	8h	597.50	−0.022%	$6.9M	$2.6M	—	as long as short
MEXC XMR_USDT	+0.0336%	8h	597.29	−0.057%	$22.3M	$15.0M	100x	as long as short
Binance XMRUSDTlong	+0.0339%	8h	597.63	long leg	$54.8M	$163.1M	75x
Kraken Futures PF_XMRUSD	+0.0382%	1h	595.98	−0.277%	$5.7M	$20.4M	50x	as long as short
Pacifica XMR	+0.0387%	1h	597.73	+0.016%	$271K	$1.0M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX XMR-USDT	+0.0392%	8h	597.85	+0.036%	—	$5.7M	—	as long as short
Bitget XMRUSDT	+0.0418%	8h	597.61	−0.004%	$10.0M	$14.2M	50x	as long as short
BloFin XMR-USDT	+0.0473%	8h	597.97	+0.056%	$2.8M	$11.6M	75x	as long as short
Gate XMR_USDT	+0.0539%	8h	597.08	−0.093%	$1.7M	$4.6M	50x	as long as short
KuCoin XMRUSDTM	+0.0545%	8h	596.96	−0.113%	$48.6M	$25.8M	50x	as long as short
Lighter XMR	+0.0560%	1h	596.78	−0.143%	$3.4M	$6.9M	10x	as long as short
Aster XMRUSDT	+0.0563%	8h	597.87	+0.040%	$684K	$2.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0614%	8h	597.80	+0.029%	$348K	$797K	10x	as long as short
Injective XMR/USDC PERP	+0.0695%	1h	596.76	−0.146%	$3K	$6K	12x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0809% / S −0.1288%	1h	596.20	−0.240%	$331K	—	100x	as long as short
Polymarket Perps XMR-USDshort	+0.0864%	1h	597.77	+0.023%	$23K	$1.8M	5x
Paradex XMR-USD-PERP	+0.0871%	8h	597.35	−0.048%	$8K	$4K	20x	as long as short
SoDEX XMR-USD	+0.0881%	1h	597.12	−0.086%	$454K	$3K	5x	as long as short
Orderly PERP_XMR_USDC	+0.0948%	8h	596.92	−0.119%	$44K	$729K	10x	as long as short
Backpack XMR_USDC_PERP	+0.1022%	1h	596.67	−0.161%	$203K	$575K	20x	as long as short
Nado XMR-PERP	+0.1279%	1h	597.63	−0.001%	$1.3M	$475K	10x	as long as short
Extended XMR-USD	+0.1880%	1h	597.68	+0.008%	$3.1M	$6.8M	25x	as long as short
dYdX XMR-USD	+0.1880%	1h	596.66	−0.163%	$108K	$50K	5x	as long as short
Hyperliquid XMR	+0.1926%	1h	598.60	+0.162%	$89.5M	$69.3M	5x	as long as short
HTX XMR-USDT	+0.1976%	8h	595.95	−0.282%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2415%	1h	597.19	−0.074%	$2K	$47K	10x	as long as short