Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0383%/8h= +42.0% APRpaid last 24h −0.045%

Price spread now: Polymarket Perps against edgeX−0.040%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$210.211% of the position

Long on edgeX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.765%−$77 on $10k

Price spread, last 3 days (all we have)−0.033%−$3 · spread now −0.040%, 7d avg −0.035%

Together, before fees−0.799%+ Points / potential airdropedgeX: Active · farm board−$80 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.035%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.765%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MUUSDC	1,042.6	−0.0333	get 0.0167% / 4h	2h 06m	$1.3M	$672K	10x
Short	Polymarket Perps MU-USD	1,042.2	0.0050	get 0.0006% / 1h	6m 36s	$165K	$180K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against edgeX. 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 edgeXbpFee Polymarket PerpsbpOrdersPrice spread, now −0.040%Rate

Funding earned: $80.48
Price spread: −0.040% → −0.035%: −$0.54
Slippage, 4 orders: −$4.1
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $58.84
Costs to cover: 0.211%
Break-even: 1.9 days

Slippage from edgeX: live order book, 2 min ago; Polymarket Perps: live order book, 15 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 edgeX live order book, 2 min ago	0.29 bp	4.9 bp −$5	6.6 bp −$66	28.8 bp −$2,879	doesn't fit
Sell Polymarket Perps live order book, 15 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 MUUSDClong	−0.0333%	4h	1,042.6	long leg	$1.3M	$672K	10x
OKX MU-USDT-SWAP	0.0000%	8h	1,042.5	−0.010%	$30.7M	$104.2M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,042.5	−0.014%	$62.9M	$29.1M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,042.6	−0.002%	$188K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,044.3	+0.165%	$11K	$6.7M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,042.3	−0.032%	$125K	$442K	50x	as long as short
Aster MUUSD1	+0.0002%	8h	1,043	+0.036%	$21.5M	$46.4M	20x	as long as short
Aftermath Perps MUUSD	+0.0028%	1h	1,042.6	+0.002%	$3K	$44K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,042.4	−0.019%	$1.1M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.776%	$14K	$302	12x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MU-USD-PERP	+0.0046%	1h	1,042.1	−0.047%	—	$193K	25x	as long as short
Polymarket Perps MU-USDshort	+0.0050%	1h	1,042.2	−0.040%	$165K	$180K	10x
SoDEX MU-USD	+0.0050%	1h	1,042.4	−0.017%	$684K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,041.6	−0.097%	$2.0M	$2.6M	10x	as long as short
QFEX MU-USD	+0.0057%	1h	1,042.7	+0.008%	$7.8M	$24.1M	10x	as long as short
Bitget MUUSDT	+0.0073%	8h	1,042.5	−0.007%	$20.4M	$42.9M	50x	as long as short
Variational Omni MU	+0.0082%	8h	1,043	+0.037%	$2.7M	$2.7M	—	as long as short
Pacifica MU	+0.0100%	1h	1,041.9	−0.072%	$153K	$182K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,042.3	−0.033%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,041.9	−0.071%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,042.6	−0.005%	$829	$799	20x	as long as short
Binance MUUSDT	+0.0109%	8h	1,042.7	+0.005%	$124.7M	$540.4M	50x	as long as short
Aevo MU-PERP	+0.0112%	1h	1,042.3	−0.026%	$33K	—	10x	as long as short
Paradex MU-USD-PERP	+0.0116%	8h	1,042.4	−0.019%	$2K	—	5x	as long as short
Coinbase International MU-PERP-INTX	+0.0152%	1h	1,043.8	+0.115%	$756K	$1.4M	10x	as long as short
GRVT MU_USDT_Perp	+0.0176%	8h	1,042.8	+0.019%	$82K	$1.4M	10x	as long as short
Bybit MUUSDT	+0.0190%	8h	1,042.8	+0.021%	$19.1M	$32.5M	100x	as long as short
Lighter MU	+0.0192%	1h	1,042.4	−0.019%	$998K	$4.8M	20x	as long as short
Nado MU-PERP	+0.0193%	1h	1,041.8	−0.081%	$306K	$845K	10x	as long as short
RISEx MU/USDC	+0.0202%	1h	1,042.8	+0.020%	$285K	$333K	20x	as long as short
tradeXYZ xyz:MU	+0.0212%	1h	1,042.4	−0.021%	$176.3M	$107.2M	10x	as long as short
Arcus MU-USD	+0.0226%	1h	1,042.5	−0.013%	$63K	$230K	10x	as long as short
BloFin MU-USDT	+0.0228%	8h	1,042.6	+0.002%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0230%	1h	1,042.7	+0.008%	$533K	$303K	15x	as long as short
Bullet MU-USD	+0.0231%	1h	1,042.6	−0.002%	$25K	$400K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0326%	1h	1,042.6	−0.006%	$60K	$232K	10x	as long as short
Extended MU_24_5-USD	+0.0688%	1h	1,041.9	−0.073%	$540K	$1.1M	10x	as long as short