Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0336%/8h= −36.8% APRpaid last 24h +0.079%

Price spread now: BloFin against Polymarket Perps−0.102%45s7-day average +0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as 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−$400.403% of the position

Long on Polymarket Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 3 days (all we have)+0.133%+$13 · spread now −0.102%, 7d avg +0.037%

Together, before fees+0.136%+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and BloFin is 0.139% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.037%). 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 0.003% in total (about 0.2% 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	Polymarket Perps XMR-USD	598.61	0.0800	pay 0.0100% / 1h	3m 43s	$23K	$1.8M	5x
Short	BloFin XMR-USDT	598.00	0.0464	get 0.0464% / 8h	1h 03m	$2.8M	$11.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.102%Rate

Funding earned: −$70.61
Price spread: −0.102% → +0.037%: −$13.9
Slippage, 4 orders: −$20.34
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$124.85
Costs to cover: 0.403%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 5 min ago; BloFin: live order book, 10 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, 5 min ago	2.68 bp	6.8 bp −$7	7.5 bp −$75	doesn't fit	doesn't fit
Sell BloFin live order book, 10 min ago	0.17 bp	15.7 bp −$16	24.1 bp −$241	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	597.42	−0.198%	$45K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	598.69	+0.013%	$48.7M	$62.2M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	597.86	−0.126%	$1.1M	$665K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	597.67	−0.157%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0160%	1h	597.81	−0.134%	$12K	—	3x	as long as short
Binance XMRUSDT	+0.0325%	8h	598.58	−0.004%	$54.9M	$163.4M	75x	as long as short
MEXC XMR_USDT	+0.0327%	8h	598.59	−0.003%	$22.4M	$15.0M	100x	as long as short
Variational Omni XMR	+0.0338%	8h	597.86	−0.125%	$6.9M	$2.6M	—	as long as short
Kraken Futures PF_XMRUSD	+0.0381%	1h	597.04	−0.263%	$5.7M	$20.3M	50x	as long as short
Pacifica XMR	+0.0387%	1h	598.71	+0.017%	$282K	$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	+0.0396%	8h	598.77	+0.027%	—	$5.7M	—	as long as short
Bitget XMRUSDT	+0.0419%	8h	598.42	−0.032%	$10.0M	$14.2M	50x	as long as short
BloFin XMR-USDTshort	+0.0464%	8h	598.00	−0.102%	$2.8M	$11.6M	75x
Lighter XMR	+0.0480%	1h	598.16	−0.075%	$3.4M	$6.9M	10x	as long as short
Gate XMR_USDT	+0.0548%	8h	598.04	−0.095%	$1.7M	$4.6M	50x	as long as short
KuCoin XMRUSDTM	+0.0560%	8h	598.02	−0.099%	$48.7M	$25.8M	50x	as long as short
Aster XMRUSDT	+0.0570%	8h	598.34	−0.045%	$685K	$2.4M	75x	as long as short
GRVT XMR_USDT_Perp	+0.0615%	8h	598.15	−0.076%	$349K	$797K	10x	as long as short
Injective XMR/USDC PERP	+0.0695%	1h	596.76	−0.309%	$3K	$6K	12x	as long as short
SoDEX XMR-USD	+0.0776%	1h	598.28	−0.055%	$455K	$3K	5x	as long as short
Polymarket Perps XMR-USDlong	+0.0800%	1h	598.61	long leg	$23K	$1.8M	5x
GMX XMR/USD [WBTC.b-USDC]	L +0.0810% / S −0.1291%	1h	597.43	−0.197%	$332K	—	100x	as long as short
Paradex XMR-USD-PERP	+0.0838%	8h	598.58	−0.006%	$8K	$4K	20x	as long as short
Orderly PERP_XMR_USDC	+0.0955%	8h	597.99	−0.104%	$44K	$729K	10x	as long as short
Backpack XMR_USDC_PERP	+0.0985%	1h	597.71	−0.150%	$204K	$575K	20x	as long as short
Nado XMR-PERP	+0.1198%	1h	598.10	−0.085%	$1.3M	$475K	10x	as long as short
Extended XMR-USD	+0.1824%	1h	598.56	−0.008%	$3.2M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1884%	1h	598.98	+0.062%	$89.9M	$69.6M	5x	as long as short
HTX XMR-USDT	+0.1954%	8h	596.69	−0.321%	$1.1M	$1.5M	20x	as long as short
dYdX XMR-USD	+0.2107%	1h	597.32	−0.215%	$108K	$50K	5x	as long as short
Aftermath Perps XMRUSD	+0.2386%	1h	597.71	−0.150%	$2K	$47K	10x	as long as short