Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0046%/8h= +5.1% APRpaid last 24h +0.017%

Price spread now: BingX against Polymarket Perps+0.025%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$440.436% of the position

Long on Polymarket Perps Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.319%−$32 on $10k

Price spread, last 7 days+0.016%+$2 · spread now +0.025%, 7d avg +0.010%

Together, before fees−0.303%−$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.319%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps XMR-USD	595.86	0.0312	pay 0.0039% / 1h	4m 56s	$24K	$1.8M	5x
Short	BingX XMR-USDT	596.01	0.0358	get 0.0358% / 8h	2h 04m	—	$5.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.025%Rate

Funding earned: $9.71
Price spread: +0.025% → +0.010%: $1.55
Slippage, 4 orders: −$25.65
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$32.38
Costs to cover: 0.436%
Break-even: 30.3 days

Slippage from Polymarket Perps: live order book, 4 min ago; BingX: live order book, 15 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 Polymarket Perps live order book, 4 min ago	3.35 bp	7.4 bp −$7	7.8 bp −$78	doesn't fit	doesn't fit
Sell BingX live order book, 15 min ago	0.08 bp	12.2 bp −$12	28.5 bp −$285	86.1 bp −$8,611	653.9 bp −$327.0K

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	595.12	−0.125%	$44K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	591.89	−0.666%	$3K	$6K	12x	as long as short
Bybit XMRUSDT	+0.0100%	8h	595.53	−0.055%	$48.0M	$61.2M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	597.83	+0.331%	$1.1M	$672K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	595.19	−0.112%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0168%	1h	596.04	+0.030%	$12K	—	3x	as long as short
Variational Omni XMR	+0.0257%	8h	594.64	−0.204%	$6.9M	$2.7M	—	as long as short
Lighter XMR	+0.0288%	1h	595.49	−0.062%	$3.5M	$6.7M	10x	as long as short
Polymarket Perps XMR-USDlong	+0.0312%	1h	595.86	long leg	$24K	$1.8M	5x
MEXC XMR_USDT	+0.0338%	8h	595.50	−0.060%	$22.6M	$15.3M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XMRUSDT	+0.0340%	8h	595.88	+0.004%	$54.6M	$162.5M	75x	as long as short
BingX XMR-USDTshort	+0.0358%	8h	596.01	+0.025%	—	$5.8M	—
Bitget XMRUSDT	+0.0382%	8h	595.57	−0.049%	$9.9M	$14.2M	50x	as long as short
Gate XMR_USDT	+0.0432%	8h	594.86	−0.168%	$1.6M	$4.5M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0467%	1h	595.38	−0.081%	$202K	$574K	20x	as long as short
BloFin XMR-USDT	+0.0490%	8h	596.10	+0.040%	$2.8M	$11.4M	75x	as long as short
SoDEX XMR-USD	+0.0515%	1h	595.83	−0.005%	$453K	$3K	5x	as long as short
Aster XMRUSDT	+0.0531%	8h	595.18	−0.113%	$679K	$2.3M	75x	as long as short
KuCoin XMRUSDTM	+0.0580%	8h	595.17	−0.116%	$49.0M	$25.6M	50x	as long as short
GRVT XMR_USDT_Perp	+0.0592%	8h	596.61	+0.127%	$347K	$782K	10x	as long as short
Kraken Futures PF_XMRUSD	+0.0612%	1h	594.60	−0.211%	$5.7M	$20.4M	50x	as long as short
Pacifica XMR	+0.0619%	1h	595.77	−0.015%	$272K	$1.0M	10x	as long as short
Paradex XMR-USD-PERP	+0.0808%	8h	595.53	−0.056%	$8K	$4K	20x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0843% / S −0.1414%	1h	595.02	−0.140%	$354K	—	100x	as long as short
dYdX XMR-USD	+0.0869%	1h	594.60	−0.211%	$108K	$50K	5x	as long as short
Orderly PERP_XMR_USDC	+0.0886%	8h	595.73	−0.022%	$48K	$718K	10x	as long as short
Nado XMR-PERP	+0.1047%	1h	595.64	−0.036%	$1.3M	$479K	10x	as long as short
Extended XMR-USD	+0.1416%	1h	595.41	−0.075%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1582%	1h	596.35	+0.082%	$87.5M	$66.6M	5x	as long as short
HTX XMR-USDT	+0.2243%	8h	594.00	−0.312%	$1.1M	$1.4M	20x	as long as short
Aftermath Perps XMRUSD	+0.2354%	1h	595.98	+0.019%	$2K	$47K	10x	as long as short