Funding arb · Price arb /

XMR

all XMR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0062%/8h= +6.7% APRpaid last 24h +0.173%

Price spread now: Orderly against Polymarket Perps+0.019%7-day average −0.019% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.474%+$47 on $10k

Price spread, last 3 days (all we have)−0.084%−$8 · spread now +0.019%, 7d avg −0.019%

Together, before fees+0.390%+$39 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.038% dearer against Polymarket Perps than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps XMR-USD	582.02	0.0986	pay 0.0123% / 1h	41m 54s	$66K	$2.0M	5x
Short	Orderly PERP_XMR_USDC	582.13	0.1048	get 0.1048% / 8h	6h 41m	$42K	$735K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.019%Rate

Funding earned: $12.93
Price spread: +0.019% → −0.019%: $3.75
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: $2.68
Costs to cover: 0.140%
Break-even: 5.5 days

Slippage unknown: Polymarket Perps: live order book, 2 min ago; Orderly: no order-book sample. Net counts fees only.

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, 2 min ago	2.23 bp	10.3 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	580.88	−0.197%	$33K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+2.533%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	588.96	+1.192%	$1.0M	$666K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	581.52	−0.086%	$2K	$2.0M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	581.89	−0.022%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0200%	1h	582.52	+0.086%	$12K	—	3x	as long as short
MEXC XMR_USDT	+0.0467%	8h	582.32	+0.052%	$21.0M	$15.2M	100x	as long as short
Binance XMRUSDT	+0.0468%	8h	582.38	+0.062%	$53.2M	$168.1M	75x	as long as short
Gate XMR_USDT	+0.0489%	8h	581.88	−0.024%	$1.6M	$4.6M	50x	as long as short
dYdX XMR-USD	+0.0547%	1h	581.28	−0.127%	$105K	$50K	5x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XMRUSDT	+0.0576%	8h	582.50	+0.082%	$9.6M	$14.4M	50x	as long as short
Aster XMRUSDT	+0.0644%	8h	581.69	−0.057%	$645K	$2.5M	75x	as long as short
BloFin XMR-USDT	+0.0679%	8h	591.31	+1.596%	$2.7M	$11.6M	75x	as long as short
KuCoin XMRUSDTM	+0.0728%	8h	582.22	+0.034%	$47.7M	$26.2M	50x	as long as short
Backpack XMR_USDC_PERP	+0.0762%	1h	581.79	−0.040%	$182K	$535K	20x	as long as short
Pacifica XMR	+0.0821%	1h	582.42	+0.069%	$268K	$1.1M	10x	as long as short
GMX XMR/USD [WBTC.b-USDC]	L +0.0914% / S −0.1124%	1h	580.77	−0.214%	$658K	—	100x	as long as short
BingX XMR-USDT	+0.0938%	8h	582.55	+0.091%	—	$5.8M	—	as long as short
GRVT XMR_USDT_Perp	+0.0949%	8h	585.49	+0.596%	$347K	$789K	10x	as long as short
Variational Omni XMR	+0.0967%	8h	588.98	+1.196%	$6.7M	$2.7M	—	as long as short
Polymarket Perps XMR-USDlong	+0.0986%	1h	582.02	long leg	$66K	$2.0M	5x
Bybit XMRUSDT	+0.0991%	8h	582.58	+0.096%	$46.9M	$65.1M	75x	as long as short
Lighter XMR	+0.0992%	1h	582.19	+0.029%	$3.3M	$7.2M	10x	as long as short
Orderly PERP_XMR_USDCshort	+0.1048%	8h	582.13	+0.019%	$42K	$735K	10x
Paradex XMR-USD-PERP	+0.1230%	8h	582.54	+0.089%	$8K	$4K	20x	as long as short
Kraken Futures PF_XMRUSD	+0.1315%	1h	581.12	−0.154%	$5.5M	$20.5M	50x	as long as short
Nado XMR-PERP	+0.1412%	1h	582.27	+0.044%	$1.3M	$464K	10x	as long as short
SoDEX XMR-USD	+0.1435%	1h	582.30	+0.048%	$443K	$3K	5x	as long as short
Hyperliquid XMR	+0.1641%	1h	582.40	+0.066%	$88.0M	$73.4M	5x	as long as short
Extended XMR-USD	+0.2088%	1h	582.30	+0.049%	$3.2M	$8.2M	25x	as long as short
Aftermath Perps XMRUSD	+0.2745%	1h	585.25	+0.555%	$1K	$46K	10x	as long as short