Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0725%/8h= −79.3% APRpaid last 24h −0.042%

Price spread now: Polymarket Perps against BloFin−0.103%45s7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$400.396% of the position

Long on BloFin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$4 on $10k

Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.103%, 7d avg −0.025%

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

Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Polymarket Perps is 0.079% cheaper against BloFin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.025%). Swap the legs. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.035% in total (about 1.8% 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	BloFin XMR-USDT	572.04	0.0825	pay 0.0825% / 8h	11m 43s	$2.7M	$10.1M	75x
Short	Polymarket Perps XMR-USD	571.45	0.0100	get 0.0013% / 1h	11m 43s	$30K	$1.7M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against BloFin. 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 BloFinbpFee Polymarket PerpsbpOrdersPrice spread, now −0.103%Rate

Funding earned: −$152.15
Price spread: −0.103% → −0.025%: −$7.86
Slippage, 4 orders: −$19.58
Fee BloFin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$199.59
Costs to cover: 0.396%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Polymarket Perps: live order book, 2 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 BloFin live order book, 2 min ago	0.17 bp	12.0 bp −$12	22.0 bp −$220	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	3.59 bp	7.7 bp −$8	7.8 bp −$78	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 −0.0005%	1h	570.85	−0.208%	$33K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.837%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	572.48	+0.078%	$1.0M	$550K	10x	as long as short
Polymarket Perps XMR-USDshort	+0.0100%	1h	571.45	−0.103%	$30K	$1.7M	5x
SunX XMR-USDT	+0.0100%	8h	571.29	−0.131%	$2K	$1.3M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	571.72	−0.056%	$1.1M	$1.1M	20x	as long as short
Extended XMR-USD	+0.0104%	1h	571.60	−0.077%	$3.0M	$7.8M	25x	as long as short
Aevo XMR-PERP	+0.0208%	1h	571.97	−0.013%	$12K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0290%	8h	571.45	−0.103%	$45.2M	$18.6M	50x	as long as short
Lighter XMR	+0.0336%	1h	571.65	−0.068%	$3.1M	$5.9M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit XMRUSDT	+0.0432%	8h	571.64	−0.070%	$46.4M	$51.3M	75x	as long as short
Gate XMR_USDT	+0.0465%	8h	570.96	−0.189%	$1.5M	$2.9M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0487%	1h	571.60	−0.077%	$155K	$427K	20x	as long as short
BingX XMR-USDT	+0.0494%	8h	571.73	−0.054%	—	$5.3M	—	as long as short
Binance XMRUSDT	+0.0507%	8h	571.84	−0.035%	$52.2M	$110.9M	75x	as long as short
MEXC XMR_USDT	+0.0510%	8h	571.79	−0.044%	$20.1M	$11.1M	100x	as long as short
Hyperliquid XMR	+0.0515%	1h	571.51	−0.093%	$86.7M	$60.9M	5x	as long as short
Bitget XMRUSDT	+0.0516%	8h	571.94	−0.017%	$9.4M	$10.6M	50x	as long as short
Kraken Futures PF_XMRUSD	+0.0620%	1h	570.98	−0.185%	$5.4M	$9.6M	50x	as long as short
Aster XMRUSDT	+0.0642%	8h	571.45	−0.103%	$639K	$1.7M	75x	as long as short
Paradex XMR-USD-PERP	+0.0659%	8h	571.83	−0.037%	$8K	$2K	20x	as long as short
Pacifica XMR	+0.0735%	1h	571.83	−0.037%	$267K	$788K	10x	as long as short
SoDEX XMR-USD	+0.0773%	1h	571.80	−0.042%	$435K	$3K	5x	as long as short
dYdX XMR-USD	+0.0795%	1h	571.10	−0.165%	$103K	$29K	5x	as long as short
BloFin XMR-USDTlong	+0.0825%	8h	572.04	long leg	$2.7M	$10.1M	75x
GRVT XMR_USDT_Perp	+0.0841%	8h	573.09	+0.184%	$332K	$639K	10x	as long as short
Variational Omni XMR	+0.0855%	8h	572.61	+0.099%	$6.2M	$2.3M	—	as long as short
Nado XMR-PERP	+0.0972%	1h	571.99	−0.009%	$1.2M	$330K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1122% / S −0.1459%	1h	570.71	−0.233%	$594K	—	100x	as long as short
Orderly PERP_XMR_USDC	+0.1150%	8h	571.69	−0.061%	$40K	$448K	10x	as long as short
Aftermath Perps XMRUSD	+0.2013%	1h	571.63	−0.071%	$1K	$39K	10x	as long as short