Funding you earn now, next payment 23:00 UTC−0.0103%/8h= −11.3% APRpaid last 24h −0.006%
Price spread now: Polymarket Perps against Binance−0.053%46s7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$220.222% of the position
Funding, last 7 days−0.070%−$7 on $10k
+Price spread, last 2 days (all we have)−0.018%−$2 · spread now −0.053%, 7d avg −0.036%
=The price spread sits at its 7-day average of −0.036%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MUUSDT | 1,044.4 | 0.0153 | pay 0.0153% / 8h | 1h 25m | $124.9M | $536.0M | 50x |
| Short | Polymarket Perps MU-USD | 1,043.8 | 0.0050 | get 0.0006% / 1h | 25m 42s | $165K | $193K | 10x |
Binance MUUSDT
Polymarket Perps MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21.7
- Price spread: −0.053% → −0.036%
- −$1.7
- Slippage, 4 orders
- −$4.2
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$45.6
- Costs to cover
- 0.222%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; Polymarket Perps: live order book, 56 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 Binance live order book, 3 min ago | 0.05 bp | 5.3 bp −$5 | 6.6 bp −$66 | 16.7 bp −$1,667 | doesn't fit |
| Sell Polymarket Perps live order book, 56 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 | −0.0856% | 4h | 1,044.1 | −0.027% | $1.3M | $671K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,044.2 | −0.012% | $62.9M | $29.0M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,043.5 | −0.084% | $189K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,046.4 | +0.197% | $11K | $6.6M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,044 | −0.032% | $125K | $441K | 50x | as long as short |
| OKX MU-USDT-SWAP | +0.0028% | 8h | 1,044.3 | −0.008% | $30.8M | $104.9M | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0031% | 1h | 1,043.9 | −0.048% | $3K | $45K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,044 | −0.030% | $1.2M | $4.2M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,050.7 | +0.609% | $14K | $302 | 12x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,043.9 | −0.048% | — | $194K | 25x | as long as short |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
OKX MU-USDT-SWAP
Aftermath Perps MUUSD
Lighter RH MU
Injective MU/USDC PERP
Vest MU-USD-PERPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MU-USDshort | +0.0050% | 1h | 1,043.8 | −0.053% | $165K | $193K | 10x | |
| SoDEX MU-USD | +0.0050% | 1h | 1,044.1 | −0.024% | $685K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,043.3 | −0.106% | $2.0M | $2.7M | 10x | as long as short |
| QFEX MU-USD | +0.0071% | 1h | 1,044.1 | −0.021% | $7.8M | $24.2M | 10x | as long as short |
| Aster MUUSD1 | +0.0076% | 8h | 1,044.8 | +0.047% | $21.5M | $47.4M | 20x | as long as short |
| Bitget MUUSDT | +0.0098% | 8h | 1,044.3 | −0.006% | $20.4M | $43.1M | 50x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,044 | −0.037% | $154K | $181K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,043.5 | −0.086% | $5.2M | $3.9M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,044 | −0.032% | $71K | $266K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,044.2 | −0.013% | $830 | $799 | 20x | as long as short |
| Aevo MU-PERP | +0.0120% | 1h | 1,044 | −0.037% | $33K | — | 10x | as long as short |
| Variational Omni MU | +0.0129% | 8h | 1,043.8 | −0.051% | $2.6M | $2.7M | — | as long as short |
| Paradex MU-USD-PERP | +0.0132% | 8h | 1,044.1 | −0.026% | $2K | — | 5x | as long as short |
| Binance MUUSDTlong | +0.0153% | 8h | 1,044.4 | long leg | $124.9M | $536.0M | 50x | |
| Coinbase International MU-PERP-INTX | +0.0184% | 1h | 1,043.9 | −0.043% | $756K | $1.4M | 10x | as long as short |
| Lighter MU | +0.0192% | 1h | 1,044.2 | −0.018% | $1.0M | $4.8M | 20x | as long as short |
| Nado MU-PERP | +0.0209% | 1h | 1,043.4 | −0.092% | $266K | $868K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0210% | 8h | 1,044.6 | +0.019% | $82K | $1.4M | 10x | as long as short |
| Bybit MUUSDT | +0.0238% | 8h | 1,044.4 | +0.007% | $19.2M | $32.6M | 100x | as long as short |
| Bullet MU-USD | +0.0266% | 1h | 1,044.3 | −0.005% | $26K | $398K | 10x | as long as short |
| BloFin MU-USDT | +0.0271% | 8h | 1,044.3 | −0.006% | $1.4M | $2.0M | 20x | as long as short |
| tradeXYZ xyz:MU | +0.0326% | 1h | 1,044 | −0.034% | $176.3M | $107.2M | 10x | as long as short |
| Phoenix MU | +0.0383% | 1h | 1,044.4 | +0.004% | $534K | $306K | 15x | as long as short |
| Arcus MU-USD | +0.0435% | 1h | 1,043.8 | −0.058% | $73K | $241K | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0440% | 1h | 1,044 | −0.031% | $61K | $247K | 10x | as long as short |
| RISEx MU/USDC | +0.0499% | 1h | 1,044.6 | +0.024% | $295K | $338K | 20x | as long as short |
| Extended MU_24_5-USD | +0.0648% | 1h | 1,043 | −0.125% | $541K | $1.1M | 10x | as long as short |
SoDEX MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
Aster MUUSD1
Bitget MUUSDT
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Aevo MU-PERP
Variational Omni MU
Paradex MU-USD-PERP
Coinbase International MU-PERP-INTX
Lighter MU
Nado MU-PERP
GRVT MU_USDT_Perp
Bybit MUUSDT
Bullet MU-USD
BloFin MU-USDT
tradeXYZ xyz:MU
Phoenix MU
Arcus MU-USD
Deribit MU_USDC-PERPETUAL
RISEx MU/USDC
Extended MU_24_5-USD