MU

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0339%/8h= −37.2% APRnext payment −$0.42 per $10,000 · paid last 24h −0.023%

Price spread now: Polymarket Perps against Deribit−0.040%48s7-day average −0.021% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.023%−$2 on $10k

Price spread, last 4 days (all we have)+0.169%+$17 · spread now −0.040%, 7d avg −0.021%

Together, before fees+0.145%+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.023% in total (about -2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.42 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	Deribit MU_USDC-PERPETUAL	1,032.8	0.0389	pay 0.0049% / 1h	0m 22s	$72K	$636K	10x
Short	Polymarket Perps MU-USD	1,032.4	0.0050	get 0.0006% / 1h	0m 22s	$167K	$177K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 DeribitbpFee Polymarket PerpsbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$71.28
Price spread: −0.040% → −0.021%: −$1.88
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$88.17
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 33 min ago; Polymarket Perps: live order book, 33 min ago. Net counts fees only.

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 Deribit live order book, 33 min ago	4.77 bp	16.8 bp −$17	22.2 bp −$222	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 33 min ago	736.59 bp	doesn't fit	doesn't fit	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	−0.0053%	4h	1,033.2	+0.036%	$1.3M	$695K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,033.1	+0.030%	$21.1M	$69.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,032.9	+0.005%	$121.5M	$550.9M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,033.3	+0.044%	$29.1M	$104.5M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,032.9	+0.010%	$294K	$374K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,032.9	+0.005%	$61.6M	$28.8M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,033	+0.016%	$19.6M	$41.8M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,032.4	−0.040%	$2.5M	$2.7M	—	as long as short
StandX MU-USD	0.0000%	1h	1,032.4	−0.042%	$187K	$3.7M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,034.4	+0.151%	$11K	$5.3M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,032.9	+0.012%	$119K	$493K	50x	as long as short
QFEX MU-USD	+0.0027%	1h	1,032.4	−0.045%	$7.0M	$19.0M	10x	as long as short
Aftermath Perps MUUSD	+0.0029%	1h	1,032.4	−0.039%	$3K	$43K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,032.3	−0.047%	$1.1M	$4.6M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.796%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,032.1	−0.067%	$89K	$233K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,033	+0.020%	—	$179K	25x	as long as short
Polymarket Perps MU-USDshort	+0.0050%	1h	1,032.4	−0.040%	$167K	$177K	10x
Ondo Perps MU-USD.P	+0.0050%	1h	1,032.1	−0.074%	$1.9M	$3.2M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,032.7	−0.013%	$32K	$1K	10x	as long as short
Paradex MU-USD-PERP	+0.0088%	8h	1,032.3	−0.047%	$2K	—	5x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,030.9	−0.182%	$720K	$1.1M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,032	−0.078%	$146K	$214K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,032.2	−0.061%	$5.1M	$5.0M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,033.2	+0.034%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,033	+0.018%	$821	$799	20x	as long as short
Nado MU-PERP	+0.0116%	1h	1,031.5	−0.123%	$264K	$811K	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,033	+0.022%	$1.4M	$2.3M	20x	as long as short
Bybit MUUSDT	+0.0120%	8h	1,033	+0.022%	$18.7M	$32.5M	100x	as long as short
SoDEX MU-USD	+0.0124%	1h	1,032.8	+0.003%	$678K	$14K	10x	as long as short
tradeXYZ xyz:MU	+0.0131%	1h	1,032.8	−0.001%	$174.8M	$78.3M	10x	as long as short
Lighter MU	+0.0144%	1h	1,032.6	−0.025%	$997K	$5.1M	20x	as long as short
Bullet MU-USD	+0.0183%	1h	1,033.3	+0.047%	$26K	$388K	10x	as long as short
Extended MU_24_5-USD	+0.0224%	1h	1,031.6	−0.120%	$542K	$1.1M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,032.7	−0.011%	$529K	$270K	15x	as long as short
GRVT MU_USDT_Perp	+0.0373%	8h	1,033.3	+0.048%	$81K	$1.4M	10x	as long as short
Deribit MU_USDC-PERPETUALlong	+0.0389%	1h	1,032.8	long leg	$72K	$636K	10x