Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against Gate−0.016%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$350.346% of the position

Long on Gate Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.102%+$10 on $10k

Price spread, last 4 days (all we have)−0.048%−$5 · spread now −0.016%, 7d avg −0.018%

Together, before fees+0.054%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.018%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MU_USDT	1,040.2	0	get 0.0000% / 8h	3h 01m	$61.8M	$28.1M	75x
Short	Polymarket Perps MU-USD	1,040	0.0050	get 0.0006% / 1h	1m 11s	$169K	$203K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Gate. 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 GatebpFee Polymarket PerpsbpOrdersPrice spread, now −0.016%Rate

Funding earned: $10.5
Price spread: −0.016% → −0.018%: $0.17
Slippage, 4 orders: −$11.56
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$23.89
Costs to cover: 0.346%
Break-even: 22.9 days

Slippage from Gate: live order book, 3 min ago; Polymarket Perps: live order book, 51 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 Gate live order book, 3 min ago	0.96 bp	11.2 bp −$11	19.2 bp −$192	45.4 bp −$4,544	78.0 bp −$39.0K
Sell Polymarket Perps live order book, 51 min ago	2.86 bp	7.1 bp −$7	8.0 bp −$80	9.8 bp −$976	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	−0.0495%	4h	1,042.1	+0.186%	$1.3M	$673K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,040.8	+0.059%	$21.1M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,040.4	+0.020%	$123.1M	$526.4M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,040.4	+0.020%	$18.5M	$32.0M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,040.2	+0.007%	$30.5M	$99.8M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,040.5	+0.031%	$336K	$354K	20x	as long as short
Gate MU_USDTlong	0.0000%	8h	1,040.2	long leg	$61.8M	$28.1M	75x
Bitget MUUSDT	0.0000%	8h	1,040.4	+0.020%	$20.4M	$41.7M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,043.3	+0.301%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,043	+0.275%	$83K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,041.5	+0.130%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,041.9	+0.166%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,040	−0.020%	$73K	$493K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,040.1	−0.004%	$129K	$438K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,041.7	+0.147%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,040.1	−0.011%	$7.0M	$18.1M	10x	as long as short
Lighter MU	+0.0032%	1h	1,040.5	+0.028%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,040.2	+0.006%	$1.2M	$4.5M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,039.5	−0.062%	$553K	$1.1M	10x	as long as short
Nado MU-PERP	+0.0032%	1h	1,040.1	−0.009%	$280K	$823K	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.076%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0036%	1h	1,040.2	+0.003%	$26K	$392K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,041.6	+0.133%	$70K	$232K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,040.7	+0.048%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,040	−0.016%	$176.9M	$95.0M	10x	as long as short
Polymarket Perps MU-USDshort	+0.0050%	1h	1,040	−0.016%	$169K	$203K	10x
SoDEX MU-USD	+0.0050%	1h	1,040.2	+0.004%	$683K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,040.4	+0.021%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,039.7	−0.049%	$1.8M	$2.3M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,039.7	−0.047%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,040.2	+0.001%	$147K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,040	−0.012%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,041.1	+0.090%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,040.1	−0.012%	$827	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,040.1	−0.012%	$746K	$1.1M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,040.4	+0.024%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0305%	1h	1,043.1	+0.282%	$534K	$271K	15x	as long as short