XMR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0984%/8h= −107.7% APRnext payment −$1.23 per $10,000 · paid last 24h +0.206%

Price spread now: dYdX against Polymarket Perps−0.157%7-day average −0.240% · you buy dearer than you sell

Net, funding: paid 7d − costs−$320as in the Funding arb table

Net, price: spread back to 7d avg − costs−$353as in the Price arb table

costs, in and out, $10k−$3623.618% of the position

Long on Polymarket Perps Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.422%+$42 on $10k

Price spread, last 4 days (all we have)−0.752%−$75 · spread now −0.157%, 7d avg −0.240%

Together, before fees−0.331%−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.083% dearer against Polymarket Perps than usual: you sell high and buy low (spread −0.157% now, against its 7-day average of −0.240%): +$8 on $10k if it goes back. Holding the pair costs −$30 a day in funding at the current rate, which eats that in about 7 hours. Mind the row above: over the last 7 days funding on this pair paid +0.422%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.422% in total (about 22.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.23 per $10,000. 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	588.16	0.1106	pay 0.0138% / 1h	4m 50s	$48K	$1.9M	5x
Short	dYdX XMR-USD	587.24	0.0122	get 0.0015% / 1h	4m 50s	$106K	$50K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.157%Rate

Funding earned: −$206.59
Price spread: −0.157% → −0.240%: $8.34
Slippage, 4 orders: −$343.81
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$560.06
Costs to cover: 3.618%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 4 min ago; dYdX: 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 Polymarket Perps live order book, 4 min ago	2.97 bp	7.1 bp −$7	7.6 bp −$76	doesn't fit	doesn't fit
Sell dYdX live order book, 4 min ago	78.18 bp	263.6 bp −$264	289.5 bp −$2,895	313.2 bp −$31.3K	799.5 bp −$399.8K

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	587.07	−0.185%	$34K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+1.462%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	588.69	+0.091%	$1.0M	$662K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	587.57	−0.100%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	587.39	−0.131%	$1.1M	$1.6M	20x	as long as short
dYdX XMR-USDshort	+0.0122%	1h	587.24	−0.157%	$106K	$50K	5x
Aevo XMR-PERP	+0.0192%	1h	588.35	+0.032%	$12K	—	3x	as long as short
Binance XMRUSDT	+0.0437%	8h	589.31	+0.196%	$53.8M	$167.0M	75x	as long as short
MEXC XMR_USDT	+0.0438%	8h	589.31	+0.196%	$21.3M	$15.3M	100x	as long as short
Bitget XMRUSDT	+0.0564%	8h	588.52	+0.061%	$9.7M	$14.4M	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XMRUSDT	+0.0632%	8h	588.00	−0.027%	$652K	$2.5M	75x	as long as short
Gate XMR_USDT	+0.0632%	8h	588.40	+0.041%	$1.6M	$4.7M	50x	as long as short
BloFin XMR-USDT	+0.0633%	8h	588.32	+0.027%	$2.7M	$11.5M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0648%	1h	586.98	−0.200%	$5.6M	$20.5M	50x	as long as short
Pacifica XMR	+0.0659%	1h	588.51	+0.059%	$270K	$1.1M	10x	as long as short
KuCoin XMRUSDTM	+0.0726%	8h	588.61	+0.077%	$48.2M	$26.0M	50x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0885% / S −0.2543%	1h	586.94	−0.207%	$548K	—	100x	as long as short
Variational Omni XMR	+0.0927%	8h	587.94	−0.038%	$6.7M	$2.6M	—	as long as short
GRVT XMR_USDT_Perp	+0.0953%	8h	588.84	+0.116%	$348K	$792K	10x	as long as short
Backpack XMR_USDC_PERP	+0.0986%	1h	587.59	−0.097%	$184K	$535K	20x	as long as short
Orderly PERP_XMR_USDC	+0.1041%	8h	588.08	−0.014%	$43K	$733K	10x	as long as short
Polymarket Perps XMR-USDlong	+0.1106%	1h	588.16	long leg	$48K	$1.9M	5x
Lighter XMR	+0.1160%	1h	589.09	+0.157%	$3.3M	$7.2M	10x	as long as short
BingX XMR-USDT	+0.1172%	8h	589.53	+0.233%	—	$5.8M	—	as long as short
Bybit XMRUSDT	+0.1193%	8h	589.50	+0.228%	$47.4M	$64.6M	75x	as long as short
Paradex XMR-USD-PERP	+0.1265%	8h	588.29	+0.022%	$8K	$4K	20x	as long as short
SoDEX XMR-USD	+0.1271%	1h	588.18	+0.003%	$447K	$3K	5x	as long as short
Nado XMR-PERP	+0.1377%	1h	588.49	+0.056%	$1.3M	$464K	10x	as long as short
Hyperliquid XMR	+0.1881%	1h	589.56	+0.238%	$89.4M	$72.7M	5x	as long as short
Extended XMR-USD	+0.2392%	1h	588.59	+0.073%	$3.1M	$8.0M	25x	as long as short
Aftermath Perps XMRUSD	+0.2641%	1h	588.39	+0.040%	$1K	$46K	10x	as long as short