Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0045%/8h= +5.0% APRpaid last 24h −0.011%

Price spread now: Polymarket Perps against Bybit−0.029%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

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

costs, in and out, $10k−$310.307% of the position

Long on Bybit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)−0.051%−$5 · spread now −0.029%, 7d avg −0.047%

Together, before fees−0.068%−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.047%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MUUSDT	1,052.2	0.0005	pay 0.0005% / 8h	5h 11m	$19.2M	$32.3M	100x
Short	Polymarket Perps MU-USD	1,051.9	0.0050	get 0.0006% / 1h	11m 43s	$171K	$202K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bybit. 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 BybitbpFee Polymarket PerpsbpOrdersPrice spread, now −0.029%Rate

Funding earned: $9.5
Price spread: −0.029% → −0.047%: $1.79
Slippage, 4 orders: −$11.68
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$19.39
Costs to cover: 0.307%
Break-even: 21.3 days

Slippage from Bybit: live order book, 2 min ago; Polymarket Perps: live order book, 50 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 Bybit live order book, 2 min ago	0.38 bp	7.8 bp −$8	9.9 bp −$99	28.3 bp −$2,826	doesn't fit
Sell Polymarket Perps live order book, 50 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	−0.0194%	4h	1,051.6	−0.061%	$1.3M	$673K	10x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.3	+0.011%	$333K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,051.9	−0.032%	$62.0M	$27.6M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,051.8	−0.043%	$85K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,051.2	−0.094%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,053.8	+0.152%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,051.8	−0.042%	$68K	$385K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,052.1	−0.011%	$130K	$430K	50x	as long as short
Bybit MUUSDTlong	+0.0005%	8h	1,052.2	long leg	$19.2M	$32.3M	100x
Aftermath Perps MUUSD	+0.0019%	1h	1,051	−0.112%	$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	+0.0019%	8h	1,052	−0.023%	$31.0M	$99.9M	50x	as long as short
QFEX MU-USD	+0.0030%	1h	1,052	−0.021%	$7.2M	$18.1M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,052.1	−0.014%	$1.3M	$4.4M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.081%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,051.4	−0.078%	$71K	$235K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.2	+0.094%	—	$175K	25x	as long as short
Aster MUUSD1	+0.0046%	8h	1,052.2	+0.001%	$21.4M	$54.3M	20x	as long as short
Polymarket Perps MU-USDshort	+0.0050%	1h	1,051.9	−0.029%	$171K	$202K	10x
SoDEX MU-USD	+0.0050%	1h	1,052	−0.021%	$690K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,050.9	−0.123%	$1.9M	$2.3M	10x	as long as short
Nado MU-PERP	+0.0052%	1h	1,051.9	−0.032%	$282K	$845K	10x	as long as short
Paradex MU-USD-PERP	+0.0055%	8h	1,052.2	+0.003%	$2K	—	5x	as long as short
tradeXYZ xyz:MU	+0.0062%	1h	1,052	−0.020%	$178.4M	$99.1M	10x	as long as short
Lighter MU	+0.0064%	1h	1,052.1	−0.011%	$1.1M	$5.1M	20x	as long as short
Bullet MU-USD	+0.0069%	1h	1,052.2	−0.001%	$25K	$398K	10x	as long as short
Variational Omni MU	+0.0087%	8h	1,051.4	−0.079%	$2.7M	$2.4M	—	as long as short
Extended MU_24_5-USD	+0.0088%	1h	1,051.3	−0.083%	$564K	$1.1M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,051.9	−0.026%	$758K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,051.7	−0.049%	$149K	$184K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,051.8	−0.039%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,051.3	−0.084%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,051.9	−0.029%	$836	$799	20x	as long as short
Aevo MU-PERP	+0.0112%	1h	1,051.7	−0.052%	$32K	$1K	10x	as long as short
Binance MUUSDT	+0.0114%	8h	1,052.2	−0.006%	$126.6M	$518.3M	50x	as long as short
Bitget MUUSDT	+0.0122%	8h	1,052	−0.022%	$20.6M	$41.1M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,051.7	−0.048%	$538K	$271K	15x	as long as short
BloFin MU-USDT	+0.0236%	8h	1,052.2	−0.001%	$1.5M	$2.0M	20x	as long as short