MU

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0385%/8h= −42.1% APRnext payment −$0.48 per $10,000 · paid last 24h −0.001%

Price spread now: Polymarket Perps against Arcus+0.025%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$260.259% of the position

Long on Arcus Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.094%−$9 on $10k

Price spread, last 3 days (all we have)−0.092%−$9 · spread now +0.025%, 7d avg −0.005%

Together, before fees−0.186%−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.030% dearer against Arcus than usual: you sell high and buy low (spread +0.025% now, against its 7-day average of −0.005%): +$3 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 3 days (−0.094% in total) that is about 25 hours.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.094% in total (about -10.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.48 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	Arcus MU-USD	1,043.3	0.0435	pay 0.0054% / 1h	20m 26s	$73K	$241K	10x
Short	Polymarket Perps MU-USD	1,043.6	0.0050	get 0.0006% / 1h	20m 26s	$165K	$197K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Arcus. 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 ArcusbpFee Polymarket PerpsbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$80.77
Price spread: +0.025% → −0.005%: $2.96
Slippage, 4 orders: −$13.41
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$103.72
Costs to cover: 0.259%
Break-even: never at this rate

Slippage from Arcus: live order book, 63 min ago; Polymarket Perps: live order book, 61 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 Arcus live order book, 63 min ago	3.02 bp	5.9 bp −$6	7.9 bp −$79	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 61 min ago	1.44 bp	5.9 bp −$6	7.8 bp −$78	doesn't fit	doesn't fit

MU on 37 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
edgeX MUUSDC	−0.0927%	4h	1,044.3	+0.092%	$1.3M	$672K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,043.6	+0.029%	$62.9M	$29.0M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,043.3	−0.009%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,046.3	+0.287%	$11K	$6.6M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,043.8	+0.043%	$125K	$442K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,043.5	+0.017%	$1.2M	$4.2M	10x	as long as short
Aftermath Perps MUUSD	+0.0032%	1h	1,043.8	+0.042%	$3K	$45K	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.706%	$14K	$302	12x	as long as short
OKX MU-USDT-SWAP	+0.0035%	8h	1,043.8	+0.046%	$30.8M	$104.8M	50x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,043.5	+0.012%	—	$194K	25x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MU-USDshort	+0.0050%	1h	1,043.6	+0.025%	$165K	$197K	10x
SoDEX MU-USD	+0.0050%	1h	1,044	+0.058%	$685K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,042.9	−0.044%	$2.0M	$2.7M	10x	as long as short
QFEX MU-USD	+0.0071%	1h	1,043.9	+0.058%	$7.8M	$24.2M	10x	as long as short
Aster MUUSD1	+0.0086%	8h	1,044.5	+0.112%	$21.5M	$47.4M	20x	as long as short
Pacifica MU	+0.0100%	1h	1,043.6	+0.023%	$154K	$181K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,043.7	+0.035%	$5.2M	$4.0M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,044.9	+0.145%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,043.9	+0.057%	$830	$799	20x	as long as short
Bitget MUUSDT	+0.0102%	8h	1,043.8	+0.039%	$20.4M	$43.0M	50x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,043.7	+0.035%	$33K	—	10x	as long as short
Variational Omni MU	+0.0135%	8h	1,044.2	+0.081%	$2.6M	$2.7M	—	as long as short
Paradex MU-USD-PERP	+0.0135%	8h	1,043.6	+0.025%	$2K	—	5x	as long as short
Binance MUUSDT	+0.0160%	8h	1,044	+0.058%	$124.8M	$535.8M	50x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,043.9	+0.054%	$756K	$1.4M	10x	as long as short
Lighter MU	+0.0200%	1h	1,043.8	+0.041%	$999K	$4.8M	20x	as long as short
GRVT MU_USDT_Perp	+0.0215%	8h	1,044.5	+0.110%	$82K	$1.4M	10x	as long as short
Nado MU-PERP	+0.0216%	1h	1,042.9	−0.043%	$266K	$868K	10x	as long as short
Bybit MUUSDT	+0.0243%	8h	1,044	+0.064%	$19.2M	$32.6M	100x	as long as short
Bullet MU-USD	+0.0274%	1h	1,043.8	+0.045%	$27K	$397K	10x	as long as short
BloFin MU-USDT	+0.0278%	8h	1,044.2	+0.083%	$1.4M	$2.0M	20x	as long as short
tradeXYZ xyz:MU	+0.0323%	1h	1,043.6	+0.025%	$176.2M	$106.7M	10x	as long as short
Phoenix MU	+0.0383%	1h	1,044.2	+0.082%	$534K	$306K	15x	as long as short
Arcus MU-USDlong	+0.0435%	1h	1,043.3	long leg	$73K	$241K	10x
RISEx MU/USDC	+0.0499%	1h	1,044.2	+0.085%	$295K	$338K	20x	as long as short
Extended MU_24_5-USD	+0.0680%	1h	1,042.7	−0.060%	$541K	$1.0M	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0699%	1h	1,043.9	+0.054%	$61K	$247K	10x	as long as short