Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0099%/8h= +10.8% APRpaid last 24h −0.018%

Price spread now: Polymarket Perps against Gate−0.068%48s7-day average +0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as 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−$580.581% of the position

Long on Gate Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 7 days+0.119%+$12 · spread now −0.068%, 7d avg +0.056%

Together, before fees+0.199%+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.125% cheaper against Gate than usual: you would sell low and buy high (spread −0.068% now, against its 7-day average of +0.056%). If the spread goes back, that is −$12 on $10k: about 4.2 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.081% in total) that is about 11 days. The two prices were read 48 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	Gate XMR_USDT	585.30	0.0799	pay 0.0799% / 8h	6h 04m	$1.6M	$4.6M	50x
Short	Polymarket Perps XMR-USD	584.90	0.0898	get 0.0112% / 1h	4m 42s	$32K	$2.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Gate. 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 GatebpFee Polymarket PerpsbpOrdersPrice spread, now −0.068%Rate

Funding earned: $20.76
Price spread: −0.068% → +0.056%: −$12.46
Slippage, 4 orders: −$35.08
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$49.78
Costs to cover: 0.581%
Break-even: 23.8 days

Slippage from Gate: live order book, 4 min ago; Polymarket Perps: 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 Gate live order book, 4 min ago	4.28 bp	22.8 bp −$23	44.4 bp −$444	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	2.40 bp	7.4 bp −$7	7.9 bp −$79	doesn't fit	doesn't fit

XMR on 30 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 −0.0010%	1h	584.31	−0.169%	$35K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.958%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	583.62	−0.286%	$1.0M	$668K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	584.73	−0.097%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	584.75	−0.094%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	585.91	+0.103%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0403%	1h	584.87	−0.073%	$106K	$50K	5x	as long as short
MEXC XMR_USDT	+0.0519%	8h	586.62	+0.226%	$20.9M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0522%	8h	586.41	+0.190%	$53.5M	$168.0M	75x	as long as short
Bitget XMRUSDT	+0.0621%	8h	585.66	+0.062%	$9.6M	$14.2M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XMRUSDT	+0.0707%	8h	585.20	−0.017%	$651K	$2.5M	75x	as long as short
BingX XMR-USDT	+0.0781%	8h	586.88	+0.270%	—	$5.8M	—	as long as short
KuCoin XMRUSDTM	+0.0785%	8h	585.74	+0.075%	$48.0M	$26.1M	50x	as long as short
Bybit XMRUSDT	+0.0797%	8h	586.49	+0.203%	$47.5M	$65.0M	75x	as long as short
Gate XMR_USDTlong	+0.0799%	8h	585.30	long leg	$1.6M	$4.6M	50x
Pacifica XMR	+0.0821%	1h	586.28	+0.168%	$270K	$1.1M	10x	as long as short
Polymarket Perps XMR-USDshort	+0.0898%	1h	584.90	−0.068%	$32K	$2.1M	5x
Backpack XMR_USDC_PERP	+0.0901%	1h	585.21	−0.015%	$173K	$539K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0956% / S −0.1211%	1h	584.05	−0.214%	$651K	—	100x	as long as short
Lighter XMR	+0.0976%	1h	586.22	+0.157%	$3.3M	$7.2M	10x	as long as short
GRVT XMR_USDT_Perp	+0.1031%	8h	584.44	−0.147%	$342K	$795K	10x	as long as short
Variational Omni XMR	+0.1058%	8h	586.20	+0.153%	$6.7M	$2.5M	—	as long as short
Orderly PERP_XMR_USDC	+0.1074%	8h	585.68	+0.065%	$42K	$736K	10x	as long as short
Paradex XMR-USD-PERP	+0.1212%	8h	585.82	+0.088%	$8K	$4K	20x	as long as short
Kraken Futures PF_XMRUSD	+0.1307%	1h	584.59	−0.121%	$5.5M	$20.5M	50x	as long as short
Nado XMR-PERP	+0.1425%	1h	585.32	+0.003%	$1.3M	$466K	10x	as long as short
SoDEX XMR-USD	+0.1583%	1h	585.54	+0.041%	$445K	$3K	5x	as long as short
Hyperliquid XMR	+0.1617%	1h	586.08	+0.133%	$88.5M	$73.1M	5x	as long as short
Extended XMR-USD	+0.1808%	1h	586.64	+0.228%	$3.1M	$8.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2737%	1h	585.07	−0.039%	$1K	$46K	10x	as long as short