Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against HTX+0.065%46s7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as 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−$350.346% of the position

Long on HTX 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)−0.132%−$13 · spread now +0.065%, 7d avg −0.042%

Together, before fees−0.030%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.106% dearer against HTX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.042%. The two prices were read 46 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	HTX MU-USDT	1,036.5	0	get 0.0000% / 8h	1h 31m	$127K	$441K	50x
Short	Polymarket Perps MU-USD	1,037.2	0.0050	get 0.0006% / 1h	31m 23s	$168K	$195K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against HTX. 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 HTXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.065%Rate

Funding earned: $10.5
Price spread: +0.065% → −0.042%: $10.65
Slippage, 4 orders: −$14.61
Fee HTX: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$13.46
Costs to cover: 0.346%
Break-even: 16.0 days

Slippage from HTX: live order book, 12 min ago; Polymarket Perps: live order book, 11 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 HTX live order book, 12 min ago	0.19 bp	7.0 bp −$7	11.2 bp −$112	22.7 bp −$2,274	doesn't fit
Sell Polymarket Perps live order book, 11 min ago	2.90 bp	7.1 bp −$7	8.1 bp −$81	9.8 bp −$984	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	−0.0296%	4h	1,036.7	+0.013%	$1.3M	$673K	10x	as long as short
Bitget MUUSDT	−0.0216%	8h	1,037.6	+0.098%	$20.2M	$40.3M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,037.8	+0.123%	$21.1M	$58.9M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,037.5	+0.089%	$121.5M	$537.4M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,037.5	+0.096%	$18.5M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,037.3	+0.072%	$29.9M	$100.0M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,037.5	+0.098%	$314K	$387K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,037	+0.045%	$61.8M	$28.5M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,036.2	−0.036%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,037	+0.045%	$73K	$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	1,036.5	−0.004%	$187K	$3.5M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,037.5	+0.092%	$26K	$389K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,037.8	+0.126%	$11K	$5.6M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,036.3	−0.020%	$74K	$561K	10x	as long as short
HTX MU-USDTlong	0.0000%	8h	1,036.5	long leg	$127K	$441K	50x
Nado MU-PERP	+0.0003%	1h	1,037.1	+0.052%	$277K	$815K	10x	as long as short
Aftermath Perps MUUSD	+0.0015%	1h	1,036.1	−0.042%	$3K	$44K	10x	as long as short
Lighter MU	+0.0032%	1h	1,037.2	+0.065%	$1.1M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,037.1	+0.053%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,036.9	+0.034%	$540K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,037.1	+0.050%	$7.0M	$18.6M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.431%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,036.4	−0.013%	$70K	$230K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,037.2	+0.063%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,037.3	+0.074%	$176.2M	$88.0M	10x	as long as short
Polymarket Perps MU-USDshort	+0.0050%	1h	1,037.2	+0.065%	$168K	$195K	10x
SoDEX MU-USD	+0.0050%	1h	1,036.7	+0.018%	$680K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,035.9	−0.060%	$1.8M	$2.6M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,037.1	+0.052%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,036.2	−0.028%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,036.9	+0.033%	$147K	$190K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,037.1	+0.058%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,037.2	+0.060%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,036.3	−0.021%	$824	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0104%	1h	1,036	−0.049%	$731K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,037.1	+0.053%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,037	+0.045%	$530K	$270K	15x	as long as short