Funding you earn now, next payment 09:00 UTC+0.0017%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h +0.007%
Price spread now: Polymarket Perps against Injective−1.813%51s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.102%+$10 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Polymarket Perps is 1.813% cheaper against Injective than usual: you would sell low and buy high (spread −1.813% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$181 on $10k: about 12 months of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.102% in total) that is about 4 months. The two prices were read 51 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 | Injective MU/USDC PERP | 1,051.4 | 0.0033 | pay 0.0004% / 1h | 2m 18s | $19K | $5K | 12x |
| Short | Polymarket Perps MU-USD | 1,032.3 | 0.0050 | get 0.0006% / 1h | 2m 18s | $167K | $177K | 10x |
Injective MU/USDC PERP
Polymarket Perps MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Injective. 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
- $3.5
- Price spread: −1.813% → 0.000%
- −$181.29
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$185.81
- Costs to cover
- 0.080%
- Break-even
- 378.6 days
Slippage unknown: Injective: no order-book sample; Polymarket Perps: live order book, 31 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 Injective no order-book sample | — | — | — | — | — |
| Sell Polymarket Perps live order book, 31 min ago | 736.59 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −1.729% | $1.3M | $695K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,033 | −1.743% | $21.1M | $69.5M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,032.9 | −1.757% | $121.5M | $550.6M | 50x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,032.8 | −1.769% | $29.1M | $104.3M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,032.8 | −1.769% | $294K | $375K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,032.6 | −1.782% | $61.6M | $28.8M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,032.7 | −1.780% | $19.5M | $41.7M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,032.5 | −1.795% | $2.5M | $2.6M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,032.1 | −1.828% | $187K | $3.7M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,033.8 | −1.669% | $11K | $5.3M | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
StandX MU-USD
SunX MU-USDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MU-USDT | 0.0000% | 8h | 1,032.6 | −1.789% | $119K | $493K | 50x | as long as short |
| QFEX MU-USD | +0.0027% | 1h | 1,032.9 | −1.758% | $7.0M | $19.0M | 10x | as long as short |
| Aftermath Perps MUUSD | +0.0029% | 1h | 1,032.1 | −1.829% | $3K | $43K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,032.6 | −1.787% | $1.1M | $4.6M | 10x | as long as short |
| Injective MU/USDC PERPlong | +0.0033% | 1h | 1,051.4 | long leg | $19K | $5K | 12x | |
| Arcus MU-USD | +0.0040% | 1h | 1,032.4 | −1.805% | $89K | $234K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,033.1 | −1.738% | — | $179K | 25x | as long as short |
| Polymarket Perps MU-USDshort | +0.0050% | 1h | 1,032.3 | −1.813% | $167K | $177K | 10x | |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,032.6 | −1.783% | $1.9M | $3.2M | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,032.2 | −1.825% | $32K | $1K | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0088% | 8h | 1,032.9 | −1.755% | $2K | — | 5x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0096% | 1h | 1,030.9 | −1.943% | $720K | $1.1M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,032.9 | −1.756% | $146K | $214K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,032.1 | −1.837% | $5.1M | $5.0M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,033.2 | −1.731% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,032.7 | −1.775% | $821 | $799 | 20x | as long as short |
| Nado MU-PERP | +0.0116% | 1h | 1,032.2 | −1.823% | $264K | $811K | 10x | as long as short |
| Bybit MUUSDT | +0.0117% | 8h | 1,032.9 | −1.759% | $18.7M | $32.5M | 100x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,033.1 | −1.742% | $1.4M | $2.3M | 20x | as long as short |
| SoDEX MU-USD | +0.0124% | 1h | 1,032.4 | −1.800% | $678K | $15K | 10x | as long as short |
| tradeXYZ xyz:MU | +0.0129% | 1h | 1,032.3 | −1.813% | $174.7M | $78.3M | 10x | as long as short |
| Lighter MU | +0.0136% | 1h | 1,032.8 | −1.763% | $996K | $5.1M | 20x | as long as short |
| Bullet MU-USD | +0.0180% | 1h | 1,032.7 | −1.777% | $26K | $388K | 10x | as long as short |
| Extended MU_24_5-USD | +0.0216% | 1h | 1,031.7 | −1.868% | $542K | $1.1M | 10x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,033.2 | −1.727% | $529K | $270K | 15x | as long as short |
| GRVT MU_USDT_Perp | +0.0373% | 8h | 1,033.3 | −1.717% | $81K | $1.4M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0399% | 1h | 1,032.5 | −1.797% | $72K | $635K | 10x | as long as short |
HTX MU-USDT
QFEX MU-USD
Aftermath Perps MUUSD
Lighter RH MU
Arcus MU-USD
Vest MU-USD-PERP
Ondo Perps MU-USD.P
Aevo MU-PERP
Paradex MU-USD-PERP
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Nado MU-PERP
Bybit MUUSDT
BloFin MU-USDT
SoDEX MU-USD
tradeXYZ xyz:MU
Lighter MU
Bullet MU-USD
Extended MU_24_5-USD
Phoenix MU
GRVT MU_USDT_Perp
Deribit MU_USDC-PERPETUAL