Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0086%/8h= −9.4% APRpaid last 24h −0.007%

Price spread now: Polymarket Perps against Bitget−0.039%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$300.297% of the position

Long on Bitget Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 4 days (all we have)−0.054%−$5 · spread now −0.039%, 7d avg −0.048%

Together, before fees−0.117%−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.048%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MUUSDT	1,050.4	0.0136	pay 0.0136% / 8h	5h 35m	$20.6M	$41.1M	50x
Short	Polymarket Perps MU-USD	1,050	0.0050	get 0.0006% / 1h	35m 09s	$170K	$202K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bitget. 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 BitgetbpFee Polymarket PerpsbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$18.06
Price spread: −0.039% → −0.048%: $0.91
Slippage, 4 orders: −$9.69
Fee Bitget: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$46.84
Costs to cover: 0.297%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Polymarket Perps: live order book, 27 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 Bitget live order book, 4 min ago	0.05 bp	7.7 bp −$8	11.3 bp −$113	24.3 bp −$2,434	doesn't fit
Sell Polymarket Perps live order book, 27 min ago	2.86 bp	7.6 bp −$8	7.8 bp −$78	9.5 bp −$954	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	−0.0394%	4h	1,050.5	+0.011%	$1.3M	$671K	10x	as long as short
RISEx MU/USDC	0.0000%	1h	1,050.5	+0.013%	$333K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.3	−0.007%	$62.1M	$27.4M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,050.7	+0.028%	$85K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,050.2	−0.018%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052	+0.155%	$11K	$5.9M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,050	−0.035%	$67K	$367K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.3	−0.015%	$129K	$428K	50x	as long as short
Bybit MUUSDT	+0.0004%	8h	1,050.6	+0.013%	$19.1M	$32.3M	100x	as long as short
Aftermath Perps MUUSD	+0.0021%	1h	1,050.2	−0.022%	$3K	$45K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MU-USDT-SWAP	+0.0029%	8h	1,050.5	+0.006%	$31.0M	$99.8M	50x	as long as short
QFEX MU-USD	+0.0030%	1h	1,050.2	−0.020%	$7.2M	$18.2M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.2	−0.016%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.090%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.2	−0.017%	$71K	$235K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.2	+0.071%	—	$175K	25x	as long as short
Polymarket Perps MU-USDshort	+0.0050%	1h	1,050	−0.039%	$170K	$202K	10x
SoDEX MU-USD	+0.0050%	1h	1,050.3	−0.012%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.5	−0.084%	$1.9M	$2.3M	10x	as long as short
Lighter MU	+0.0056%	1h	1,050.4	−0.002%	$1.1M	$4.9M	20x	as long as short
Extended MU_24_5-USD	+0.0056%	1h	1,049.7	−0.064%	$564K	$1.1M	10x	as long as short
Paradex MU-USD-PERP	+0.0057%	8h	1,050.5	+0.007%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0067%	1h	1,050	−0.043%	$282K	$848K	10x	as long as short
tradeXYZ xyz:MU	+0.0070%	1h	1,050.1	−0.030%	$178.2M	$99.1M	10x	as long as short
Aster MUUSD1	+0.0082%	8h	1,050.3	−0.008%	$21.4M	$52.1M	20x	as long as short
Bullet MU-USD	+0.0087%	1h	1,050.5	+0.005%	$25K	$398K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	−0.045%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050.4	−0.004%	$149K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.2	−0.025%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,051.1	+0.065%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.4	+0.001%	$835	$799	20x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,050	−0.036%	$32K	$1K	10x	as long as short
Variational Omni MU	+0.0122%	8h	1,050.5	+0.006%	$2.7M	$2.4M	—	as long as short
Bitget MUUSDTlong	+0.0136%	8h	1,050.4	long leg	$20.6M	$41.1M	50x
Binance MUUSDT	+0.0145%	8h	1,050.4	+0.002%	$126.5M	$518.6M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.7	+0.028%	$537K	$271K	15x	as long as short
BloFin MU-USDT	+0.0265%	8h	1,050.5	+0.010%	$1.5M	$2.0M	20x	as long as short