MU

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0136%/8h= +14.9% APRnext payment +$0.17 per $10,000 · paid last 24h +0.021%

Price spread now: Arcus against Polymarket Perps−0.137%50s7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$280.284% of the position

Long on Polymarket Perps Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.107%+$11 on $10k

Price spread, last 4 days (all we have)+0.204%+$20 · spread now −0.137%, 7d avg +0.007%

Together, before fees+0.310%+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.144% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.137% now, against its 7-day average of +0.007%). If the spread goes back, that is −$14 on $10k: about 3.5 days of funding at the current rate (+$4 a day). The two prices were read 50 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	Polymarket Perps MU-USD	1,038.1	0.0050	pay 0.0006% / 1h	49m 39s	$169K	$163K	10x
Short	Arcus MU-USD	1,036.7	0.0186	get 0.0023% / 1h	49m 39s	$90K	$160K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Polymarket Perps. 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 Polymarket PerpsbpFee ArcusbpOrdersPrice spread, now −0.137%Rate

Funding earned: $28.66
Price spread: −0.137% → +0.007%: −$14.39
Slippage, 4 orders: −$15.92
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$14.15
Costs to cover: 0.284%
Break-even: 10.5 days

Slippage from Polymarket Perps: live order book, 55 min ago; Arcus: live order book, 56 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 Polymarket Perps live order book, 55 min ago	2.89 bp	6.9 bp −$7	7.2 bp −$72	doesn't fit	doesn't fit
Sell Arcus live order book, 56 min ago	2.94 bp	6.7 bp −$7	6.8 bp −$68	doesn't fit	doesn't fit

MU on 37 exchanges

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	−0.0171%	4h	1,038.9	+0.078%	$1.3M	$695K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,037.4	−0.064%	$21.2M	$73.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,037	−0.110%	$121.8M	$554.7M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,036.8	−0.121%	$29.8M	$106.8M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,036.6	−0.144%	$61.3M	$27.4M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,036.8	−0.123%	$19.8M	$43.8M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,038.2	+0.012%	$2.6M	$2.5M	—	as long as short
StandX MU-USD	0.0000%	1h	1,038.3	+0.022%	$188K	$3.7M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,040.3	+0.212%	$11K	$4.9M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,036.5	−0.159%	$32K	$734K	10x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,038	−0.010%	$119K	$473K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,036.6	−0.142%	$1.1M	$4.4M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.277%	$19K	$5K	12x	as long as short
Aftermath Perps MUUSD	+0.0038%	1h	1,038.2	+0.013%	$3K	$41K	10x	as long as short
RISEx MU/USDC	+0.0045%	1h	1,037.3	−0.073%	$298K	$333K	20x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,039.1	+0.098%	—	$177K	25x	as long as short
Polymarket Perps MU-USDlong	+0.0050%	1h	1,038.1	long leg	$169K	$163K	10x
SoDEX MU-USD	+0.0050%	1h	1,037.4	−0.070%	$682K	$14K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.3	−0.077%	$1.9M	$3.2M	10x	as long as short
QFEX MU-USD	+0.0059%	1h	1,036.7	−0.133%	$7.0M	$19.4M	10x	as long as short
Paradex MU-USD-PERP	+0.0077%	8h	1,036.6	−0.148%	$2K	—	5x	as long as short
Bybit MUUSDT	+0.0079%	8h	1,036.8	−0.128%	$18.8M	$32.2M	100x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,038	−0.013%	$32K	$1K	10x	as long as short
Lighter MU	+0.0096%	1h	1,036.5	−0.153%	$1.0M	$5.0M	20x	as long as short
Pacifica MU	+0.0100%	1h	1,036.6	−0.145%	$151K	$222K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,036.6	−0.144%	$5.2M	$6.6M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,038.4	+0.025%	$70K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,037.4	−0.072%	$825	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,038.5	+0.040%	$1.5M	$2.7M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0136%	1h	1,037.5	−0.057%	$728K	$1.2M	10x	as long as short
Nado MU-PERP	+0.0136%	1h	1,037.7	−0.043%	$275K	$835K	10x	as long as short
GRVT MU_USDT_Perp	+0.0156%	8h	1,039.1	+0.101%	$72K	$1.4M	10x	as long as short
Arcus MU-USDshort	+0.0186%	1h	1,036.7	−0.137%	$90K	$160K	10x
Bullet MU-USD	+0.0245%	1h	1,038.6	+0.048%	$25K	$383K	10x	as long as short
Extended MU_24_5-USD	+0.0248%	1h	1,036.3	−0.174%	$551K	$1.1M	10x	as long as short
tradeXYZ xyz:MU	+0.0255%	1h	1,036.4	−0.164%	$177.0M	$74.7M	10x	as long as short
Phoenix MU	+0.0461%	1h	1,038.6	+0.048%	$532K	$159K	15x	as long as short