Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0113%/8h= +12.4% APRpaid last 24h +0.144%

Price spread now: Polymarket Perps against Bybit+0.080%57s7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs+$26as 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−$350.348% of the position

Long on Bybit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.604%+$60 on $10k

Price spread, last 7 days−0.088%−$9 · spread now +0.080%, 7d avg +0.002%

Together, before fees+0.516%+$52 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Polymarket Perps is 0.079% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.002%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XMRUSDT	572.08	0.0624	pay 0.0624% / 8h	3h 22m	$46.6M	$64.4M	75x
Short	Polymarket Perps XMR-USD	572.54	0.0737	get 0.0092% / 1h	22m 36s	$25K	$2.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bybit. 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 BybitbpFee Polymarket PerpsbpOrdersPrice spread, now +0.080%Rate

Funding earned: $23.72
Price spread: +0.080% → +0.002%: $7.89
Slippage, 4 orders: −$15.84
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$3.23
Costs to cover: 0.348%
Break-even: 8.0 days

Slippage from Bybit: live order book, 1 min ago; Polymarket Perps: live order book, 1 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 Bybit live order book, 1 min ago	0.35 bp	9.4 bp −$9	17.4 bp −$174	88.8 bp −$8,877	doesn't fit
Sell Polymarket Perps live order book, 1 min ago	2.79 bp	8.2 bp −$8	8.2 bp −$82	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	571.91	−0.029%	$37K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.830%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	573.10	+0.178%	$1.0M	$643K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	572.36	+0.049%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	573.41	+0.232%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0216%	1h	572.94	+0.150%	$12K	—	3x	as long as short
Kraken Futures PF_XMRUSD	+0.0226%	1h	571.60	−0.084%	$5.4M	$19.5M	50x	as long as short
Paradex XMR-USD-PERP	+0.0309%	8h	572.60	+0.090%	$8K	$4K	20x	as long as short
KuCoin XMRUSDTM	+0.0317%	8h	572.12	+0.007%	$45.0M	$26.4M	50x	as long as short
Gate XMR_USDT	+0.0508%	8h	572.50	+0.073%	$1.5M	$4.5M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0517%	8h	572.47	+0.068%	$9.4M	$13.5M	50x	as long as short
MEXC XMR_USDT	+0.0552%	8h	572.45	+0.065%	$19.8M	$14.7M	100x	as long as short
Binance XMRUSDT	+0.0553%	8h	572.38	+0.052%	$52.3M	$163.5M	75x	as long as short
Lighter XMR	+0.0576%	1h	572.49	+0.071%	$3.1M	$7.5M	10x	as long as short
BingX XMR-USDT	+0.0579%	8h	572.58	+0.087%	—	$5.6M	—	as long as short
Backpack XMR_USDC_PERP	+0.0583%	1h	572.19	+0.019%	$169K	$532K	20x	as long as short
Bybit XMRUSDTlong	+0.0624%	8h	572.08	long leg	$46.6M	$64.4M	75x
Extended XMR-USD	+0.0664%	1h	572.11	+0.004%	$3.1M	$8.3M	25x	as long as short
Pacifica XMR	+0.0682%	1h	572.44	+0.063%	$265K	$1.0M	10x	as long as short
Aster XMRUSDT	+0.0703%	8h	572.38	+0.053%	$638K	$2.3M	75x	as long as short
Polymarket Perps XMR-USDshort	+0.0737%	1h	572.54	+0.080%	$25K	$2.2M	5x
BloFin XMR-USDT	+0.0910%	8h	573.02	+0.164%	$2.7M	$11.1M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0952%	8h	573.10	+0.178%	$339K	$739K	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0989% / S −0.1217%	1h	571.61	−0.082%	$595K	—	100x	as long as short
dYdX XMR-USD	+0.1037%	1h	571.66	−0.074%	$104K	$44K	5x	as long as short
Nado XMR-PERP	+0.1084%	1h	572.34	+0.045%	$1.3M	$458K	10x	as long as short
Variational Omni XMR	+0.1129%	8h	572.77	+0.120%	$6.3M	$2.3M	—	as long as short
Orderly PERP_XMR_USDC	+0.1133%	8h	572.71	+0.110%	$40K	$735K	10x	as long as short
Hyperliquid XMR	+0.1259%	1h	572.58	+0.087%	$86.3M	$71.2M	5x	as long as short
SoDEX XMR-USD	+0.1390%	1h	572.86	+0.136%	$435K	$3K	5x	as long as short
Aftermath Perps XMRUSD	+0.1932%	1h	572.80	+0.125%	$1K	$43K	10x	as long as short