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 KuCoin−0.031%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$410.407% of the position

Long on KuCoin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now −0.031%, 7d avg −0.006%

Together, before fees−0.062%−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Polymarket Perps is 0.025% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.006%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MUUSDTM	1,036.1	0.0100	pay 0.0100% / 8h	1h 40m	$5.2M	$3.9M	20x
Short	Polymarket Perps MU-USD	1,035.8	0.0050	get 0.0006% / 1h	40m 46s	$168K	$196K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against KuCoin. 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 KuCoinbpFee Polymarket PerpsbpOrdersPrice spread, now −0.031%Rate

Funding earned: −$10.5
Price spread: −0.031% → −0.006%: −$2.54
Slippage, 4 orders: −$20.74
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$53.78
Costs to cover: 0.407%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; Polymarket Perps: live order book, 1 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 KuCoin live order book, 7 min ago	2.89 bp	13.7 bp −$14	105.7 bp −$1,057	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 1 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	−0.0796%	4h	1,036.5	+0.041%	$1.3M	$674K	10x	as long as short
Bitget MUUSDT	−0.0164%	8h	1,036.5	+0.034%	$20.2M	$41.4M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,037.2	+0.101%	$21.1M	$58.0M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,036.7	+0.052%	$121.4M	$537.1M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,036.6	+0.047%	$18.5M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,036.5	+0.037%	$29.9M	$100.3M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,036.3	+0.020%	$315K	$386K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,036.1	−0.005%	$61.6M	$28.4M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,036	−0.011%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,036.1	+0.002%	$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	1,035.9	−0.019%	$187K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,037.2	+0.103%	$11K	$5.6M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,035.7	−0.039%	$74K	$553K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,035.9	−0.026%	$127K	$441K	50x	as long as short
Bullet MU-USD	+0.0007%	1h	1,036.2	+0.008%	$26K	$389K	10x	as long as short
Aftermath Perps MUUSD	+0.0018%	1h	1,036.3	+0.015%	$3K	$44K	10x	as long as short
Nado MU-PERP	+0.0020%	1h	1,035.4	−0.073%	$277K	$816K	10x	as long as short
Lighter MU	+0.0032%	1h	1,036.7	+0.051%	$1.1M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,036.4	+0.030%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,035.8	−0.033%	$540K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,036.1	−0.003%	$7.0M	$18.6M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.471%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,036.1	−0.005%	$70K	$230K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,036.1	−0.006%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,036.2	+0.008%	$176.1M	$89.2M	10x	as long as short
Polymarket Perps MU-USDshort	+0.0050%	1h	1,035.8	−0.031%	$168K	$196K	10x
SoDEX MU-USD	+0.0050%	1h	1,035.9	−0.019%	$680K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,034.8	−0.126%	$1.8M	$2.6M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,036.4	+0.024%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,035.6	−0.048%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,036.4	+0.030%	$147K	$190K	10x	as long as short
KuCoin MUUSDTMlong	+0.0100%	8h	1,036.1	long leg	$5.2M	$3.9M	20x
ApeX Omni MUUSDT	+0.0100%	1h	1,036.8	+0.066%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,036.1	−0.005%	$824	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0104%	1h	1,036	−0.010%	$731K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,036.1	−0.003%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,036.2	+0.008%	$530K	$270K	15x	as long as short