Funding you earn now, next payment 03:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.04 per $10,000 · paid last 24h −0.045%
Price spread now: Polymarket Perps against Coinbase International+0.064%47s7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as 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−$290.286% of the position
Funding, last 7 days−0.259%−$26 on $10k
+Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.064%, 7d avg −0.008%
=The price spread pays, funding is against you. Polymarket Perps is 0.072% dearer against Coinbase International than usual: you sell high and buy low (spread +0.064% now, against its 7-day average of −0.008%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.0 days. At the pace of the last 7 days (−0.259% in total) that is about 46 hours. The two prices were read 47 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 | Coinbase International MU-PERP-INTX | 1,052.1 | 0.0080 | pay 0.0010% / 1h | 22m 28s | $758K | $1.2M | 10x |
| Short | Polymarket Perps MU-USD | 1,052.8 | 0.0050 | get 0.0006% / 1h | 22m 28s | $171K | $202K | 10x |
Coinbase International MU-PERP-INTX
Polymarket Perps MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Coinbase International. 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
- −$6.3
- Price spread: +0.064% → −0.008%
- $7.16
- Slippage, 4 orders
- −$10.57
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$27.71
- Costs to cover
- 0.286%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 1 min ago; Polymarket Perps: live order book, 34 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 Coinbase International live order book, 1 min ago | 2.71 bp | 7.7 bp −$8 | 13.0 bp −$130 | 74.5 bp −$7,455 | doesn't fit |
| Sell Polymarket Perps live order book, 34 min ago | 2.38 bp | 6.6 bp −$7 | 7.5 bp −$75 | 9.1 bp −$905 | 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 | −0.0799% | 4h | 1,052 | −0.014% | $1.3M | $671K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,053.1 | +0.097% | $21.5M | $55.0M | 20x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,053.1 | +0.091% | $31.2M | $99.7M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,053.3 | +0.111% | $334K | $348K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,052.9 | +0.068% | $62.4M | $27.5M | 75x | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,052.6 | +0.044% | $82K | $1.3M | 10x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,052.2 | +0.010% | $190K | $3.4M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,053 | +0.079% | $11K | $5.8M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,052.9 | +0.069% | $131K | $434K | 50x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0007% | 1h | 1,052.3 | +0.019% | $70K | $432K | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
GRVT MU_USDT_Perp
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Deribit MU_USDC-PERPETUALShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MU | +0.0020% | 8h | 1,052 | −0.014% | $2.7M | $2.4M | — | as long as short |
| Aftermath Perps MUUSD | +0.0021% | 1h | 1,052.1 | −0.001% | $3K | $44K | 10x | as long as short |
| Bybit MUUSDT | +0.0029% | 8h | 1,053.4 | +0.122% | $19.1M | $32.3M | 100x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,052.9 | +0.075% | $1.3M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,052.4 | +0.023% | $566K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | −0.073% | $19K | $5K | 12x | as long as short |
| QFEX MU-USD | +0.0034% | 1h | 1,052.8 | +0.067% | $7.2M | $17.9M | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,052.2 | +0.009% | $71K | $234K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,054.1 | +0.189% | — | $176K | 25x | as long as short |
| Bullet MU-USD | +0.0048% | 1h | 1,053.2 | +0.101% | $25K | $396K | 10x | as long as short |
| Nado MU-PERP | +0.0050% | 1h | 1,052.5 | +0.039% | $282K | $837K | 10x | as long as short |
| Polymarket Perps MU-USDshort | +0.0050% | 1h | 1,052.8 | +0.064% | $171K | $202K | 10x | |
| SoDEX MU-USD | +0.0050% | 1h | 1,052.5 | +0.038% | $691K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,051.6 | −0.052% | $1.9M | $2.2M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0052% | 8h | 1,053.1 | +0.088% | $2K | — | 5x | as long as short |
| Binance MUUSDT | +0.0053% | 8h | 1,053.4 | +0.116% | $126.9M | $516.6M | 50x | as long as short |
| Lighter MU | +0.0056% | 1h | 1,053 | +0.084% | $1.1M | $5.1M | 20x | as long as short |
| tradeXYZ xyz:MU | +0.0076% | 1h | 1,052.9 | +0.073% | $179.0M | $98.9M | 10x | as long as short |
| Coinbase International MU-PERP-INTXlong | +0.0080% | 1h | 1,052.1 | long leg | $758K | $1.2M | 10x | |
| Bitget MUUSDT | +0.0093% | 8h | 1,053.1 | +0.092% | $20.5M | $41.1M | 50x | as long as short |
| Aevo MU-PERP | +0.0096% | 1h | 1,052.2 | +0.007% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,052.4 | +0.030% | $148K | $185K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,052.9 | +0.070% | $5.3M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,052.4 | +0.027% | $71K | $268K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,052.5 | +0.036% | $837 | $799 | 20x | as long as short |
| BloFin MU-USDT | +0.0174% | 8h | 1,052.9 | +0.073% | $1.5M | $2.0M | 20x | as long as short |
| Phoenix MU | +0.0304% | 1h | 1,052.5 | +0.035% | $538K | $271K | 15x | as long as short |
Variational Omni MU
Aftermath Perps MUUSD
Bybit MUUSDT
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
QFEX MU-USD
Arcus MU-USD
Vest MU-USD-PERP
Bullet MU-USD
Nado MU-PERP
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
Binance MUUSDT
Lighter MU
tradeXYZ xyz:MU
Bitget MUUSDT
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Phoenix MU