Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0038%/8h= −4.1% APRpaid last 24h −0.054%

Price spread now: MEXC against Polymarket Perps+0.061%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$450.454% of the position

Long on Polymarket Perps Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.372%−$37 on $10k

Price spread, last 7 days−0.017%−$2 · spread now +0.061%, 7d avg +0.020%

Together, before fees−0.388%−$39 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.040% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.061% now, against its 7-day average of +0.020%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.6 days. At the pace of the last 7 days (−0.372% in total) that is about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps XMR-USD	574.96	0.0680	pay 0.0085% / 1h	2m 43s	$23K	$2.1M	5x
Short	MEXC XMR_USDT	575.31	0.0642	get 0.0642% / 8h	2h 02m	$20.1M	$14.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.061%Rate

Funding earned: −$7.95
Price spread: +0.061% → +0.020%: $4.04
Slippage, 4 orders: −$33.44
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$49.34
Costs to cover: 0.454%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 1 min ago; MEXC: live order book, 1 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, 1 min ago	3.39 bp	7.6 bp −$8	7.8 bp −$78	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.09 bp	14.6 bp −$15	33.1 bp −$331	80.9 bp −$8,092	233.3 bp −$116.7K

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 −0.0003%	1h	574.24	−0.126%	$38K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	582.55	+1.320%	$3K	$3K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	576.61	+0.287%	$1.0M	$641K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	574.84	−0.021%	$2K	$1.8M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	575.00	+0.007%	$1.1M	$1.5M	20x	as long as short
Aevo XMR-PERP	+0.0240%	1h	575.97	+0.176%	$12K	—	3x	as long as short
KuCoin XMRUSDTM	+0.0331%	8h	575.05	+0.016%	$45.3M	$26.3M	50x	as long as short
dYdX XMR-USD	+0.0430%	1h	574.44	−0.091%	$104K	$43K	5x	as long as short
Bitget XMRUSDT	+0.0592%	8h	575.19	+0.040%	$9.5M	$12.9M	50x	as long as short
MEXC XMR_USDTshort	+0.0642%	8h	575.31	+0.061%	$20.1M	$14.7M	100x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance XMRUSDT	+0.0643%	8h	575.22	+0.045%	$52.5M	$158.4M	75x	as long as short
BingX XMR-USDT	+0.0665%	8h	575.20	+0.042%	—	$5.5M	—	as long as short
Gate XMR_USDT	+0.0675%	8h	575.39	+0.075%	$1.6M	$4.3M	50x	as long as short
Polymarket Perps XMR-USDlong	+0.0680%	1h	574.96	long leg	$23K	$2.1M	5x
Extended XMR-USD	+0.0688%	1h	575.06	+0.018%	$3.0M	$8.2M	25x	as long as short
Bybit XMRUSDT	+0.0698%	8h	574.94	−0.003%	$46.8M	$63.7M	75x	as long as short
Kraken Futures PF_XMRUSD	+0.0745%	1h	574.62	−0.060%	$5.4M	$18.6M	50x	as long as short
Lighter XMR	+0.0760%	1h	574.98	+0.003%	$3.1M	$7.7M	10x	as long as short
Aster XMRUSDT	+0.0801%	8h	575.00	+0.007%	$639K	$2.2M	75x	as long as short
Paradex XMR-USD-PERP	+0.0889%	8h	575.58	+0.108%	$8K	$4K	20x	as long as short
Pacifica XMR	+0.0912%	1h	575.32	+0.063%	$267K	$1.0M	10x	as long as short
GRVT XMR_USDT_Perp	+0.1026%	8h	576.36	+0.244%	$347K	$718K	10x	as long as short
Hyperliquid XMR	+0.1030%	1h	575.07	+0.019%	$87.0M	$69.2M	5x	as long as short
BloFin XMR-USDT	+0.1060%	8h	575.35	+0.068%	$2.7M	$11.1M	75x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.1129% / S −0.1543%	1h	574.04	−0.160%	$594K	—	100x	as long as short
Variational Omni XMR	+0.1170%	8h	576.89	+0.336%	$6.2M	$2.4M	—	as long as short
Orderly PERP_XMR_USDC	+0.1201%	8h	575.31	+0.061%	$40K	$649K	10x	as long as short
Nado XMR-PERP	+0.1213%	1h	575.39	+0.074%	$1.3M	$448K	10x	as long as short
SoDEX XMR-USD	+0.1286%	1h	575.52	+0.097%	$437K	$3K	5x	as long as short
Backpack XMR_USDC_PERP	+0.1379%	1h	574.91	−0.009%	$174K	$534K	20x	as long as short
Aftermath Perps XMRUSD	+0.1998%	1h	575.75	+0.138%	$1K	$42K	10x	as long as short