Funding arb · Price arb /

XMR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0338%/8h= −37.1% APRpaid last 24h +0.061%

Price spread now: Gate against Polymarket Perps−0.358%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$590.592% of the position

Long on Polymarket Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.087%−$9 on $10k

Price spread, last 7 days+0.341%+$34 · spread now −0.358%, 7d avg −0.055%

Together, before fees+0.254%+$25 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 Gate is 0.304% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of −0.055%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.087% in total (about -4.6% 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	597.29	0.0879	pay 0.0110% / 1h	20m 58s	$23K	$1.8M	5x
Short	Gate XMR_USDT	595.15	0.0541	get 0.0541% / 8h	1h 20m	$1.7M	$4.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.358%Rate

Funding earned: −$71.07
Price spread: −0.358% → −0.055%: −$30.37
Slippage, 4 orders: −$36.16
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$160.6
Costs to cover: 0.592%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 3 min ago; Gate: live order book, 2 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, 3 min ago	2.68 bp	7.5 bp −$7	7.6 bp −$76	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	5.71 bp	17.9 bp −$18	40.2 bp −$402	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	594.74	−0.426%	$44K	—	150x	as long as short
Bybit XMRUSDT	+0.0100%	8h	595.85	−0.241%	$48.4M	$61.7M	75x	as long as short
edgeX XMRUSDC	+0.0100%	4h	597.29	+0.001%	$1.1M	$664K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	594.76	−0.424%	$2K	$1.9M	20x	as long as short
Aevo XMR-PERP	+0.0168%	1h	595.93	−0.227%	$12K	—	3x	as long as short
Variational Omni XMR	+0.0282%	8h	597.79	+0.084%	$6.9M	$2.6M	—	as long as short
Binance XMRUSDT	+0.0331%	8h	595.45	−0.308%	$54.6M	$163.1M	75x	as long as short
MEXC XMR_USDT	+0.0333%	8h	595.76	−0.256%	$22.3M	$15.0M	100x	as long as short
Kraken Futures PF_XMRUSD	+0.0383%	1h	594.23	−0.513%	$5.7M	$20.4M	50x	as long as short
Pacifica XMR	+0.0387%	1h	597.03	−0.044%	$271K	$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	+0.0394%	8h	595.59	−0.285%	—	$5.7M	—	as long as short
Bitget XMRUSDT	+0.0416%	8h	595.75	−0.258%	$9.9M	$14.2M	50x	as long as short
BloFin XMR-USDT	+0.0467%	8h	595.47	−0.305%	$2.8M	$11.5M	75x	as long as short
Gate XMR_USDTshort	+0.0541%	8h	595.15	−0.358%	$1.7M	$4.6M	50x
KuCoin XMRUSDTM	+0.0541%	8h	595.29	−0.335%	$48.5M	$25.9M	50x	as long as short
Aster XMRUSDT	+0.0545%	8h	595.81	−0.248%	$679K	$2.4M	75x	as long as short
Lighter XMR	+0.0560%	1h	595.17	−0.354%	$3.4M	$6.9M	10x	as long as short
GRVT XMR_USDT_Perp	+0.0603%	8h	597.88	+0.099%	$355K	$785K	10x	as long as short
Injective XMR/USDC PERP	+0.0695%	1h	596.76	−0.089%	$3K	$6K	12x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0807% / S −0.1288%	1h	594.61	−0.449%	$330K	—	100x	as long as short
Paradex XMR-USD-PERP	+0.0879%	8h	597.05	−0.039%	$8K	$4K	20x	as long as short
Polymarket Perps XMR-USDlong	+0.0879%	1h	597.29	long leg	$23K	$1.8M	5x
SoDEX XMR-USD	+0.0918%	1h	595.48	−0.303%	$453K	$3K	5x	as long as short
Orderly PERP_XMR_USDC	+0.0945%	8h	595.33	−0.328%	$43K	$729K	10x	as long as short
Backpack XMR_USDC_PERP	+0.0985%	1h	595.35	−0.325%	$203K	$575K	20x	as long as short
Nado XMR-PERP	+0.1369%	1h	596.44	−0.143%	$1.3M	$482K	10x	as long as short
dYdX XMR-USD	+0.1779%	1h	596.25	−0.174%	$108K	$50K	5x	as long as short
Extended XMR-USD	+0.1896%	1h	595.64	−0.276%	$3.1M	$6.8M	25x	as long as short
Hyperliquid XMR	+0.1932%	1h	595.89	−0.234%	$88.9M	$68.8M	5x	as long as short
HTX XMR-USDT	+0.1976%	8h	594.78	−0.420%	$1.1M	$1.5M	20x	as long as short
Aftermath Perps XMRUSD	+0.2447%	1h	596.73	−0.093%	$2K	$47K	10x	as long as short