Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.015%

Price spread now: Binance against Polymarket Perps+0.057%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$250.248% of the position

Long on Polymarket Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)+0.207%+$21 · spread now +0.057%, 7d avg +0.038%

Together, before fees+0.264%+$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.038%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.058%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MU-USD	1,039	0.0050	pay 0.0006% / 1h	12m 53s	$169K	$203K	10x
Short	Binance MUUSDT	1,039.6	0	get 0.0000% / 8h	2h 12m	$122.0M	$534.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.057%Rate

Funding earned: −$10.5
Price spread: +0.057% → +0.038%: $1.9
Slippage, 4 orders: −$6.78
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$33.37
Costs to cover: 0.248%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 34 min ago; Binance: live order book, 16 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, 34 min ago	2.40 bp	6.4 bp −$6	8.0 bp −$80	9.7 bp −$974	doesn't fit
Sell Binance live order book, 16 min ago	0.05 bp	5.2 bp −$5	7.8 bp −$78	12.7 bp −$1,273	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
Bitget MUUSDT	−0.0162%	8h	1,039.4	+0.035%	$20.3M	$41.2M	50x	as long as short
edgeX MUUSDC	−0.0146%	4h	1,036.6	−0.228%	$1.3M	$673K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,039.1	+0.014%	$21.1M	$57.2M	20x	as long as short
Binance MUUSDTshort	0.0000%	8h	1,039.6	+0.057%	$122.0M	$534.9M	50x
Bybit MUUSDT	0.0000%	8h	1,040	+0.096%	$18.6M	$32.1M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,039.6	+0.058%	$30.0M	$101.3M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,039.2	+0.019%	$315K	$383K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,039.4	+0.034%	$61.5M	$28.5M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,036.4	−0.251%	$2.5M	$2.5M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,037.3	−0.160%	$84K	$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	1,038.1	−0.085%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,040.6	+0.150%	$11K	$5.7M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,038.8	−0.015%	$74K	$527K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,038.8	−0.024%	$127K	$449K	50x	as long as short
Aftermath Perps MUUSD	+0.0015%	1h	1,037	−0.188%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,039	+0.002%	$7.0M	$18.2M	10x	as long as short
Nado MU-PERP	+0.0024%	1h	1,038.9	−0.012%	$277K	$818K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,039	0.000%	$1.2M	$4.6M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,039.2	+0.018%	$538K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.190%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0036%	1h	1,039.3	+0.031%	$25K	$389K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,037.3	−0.163%	$70K	$231K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,038.9	−0.007%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,039	0.000%	$176.7M	$91.9M	10x	as long as short
Polymarket Perps MU-USDlong	+0.0050%	1h	1,039	long leg	$169K	$203K	10x
SoDEX MU-USD	+0.0050%	1h	1,038.8	−0.022%	$682K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.1	−0.188%	$1.9M	$2.5M	10x	as long as short
Paradex MU-USD-PERP	+0.0054%	8h	1,039.2	+0.017%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,038.6	−0.035%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,038.5	−0.053%	$147K	$189K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,038.9	−0.011%	$5.2M	$3.8M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,037.1	−0.181%	$70K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.7	−0.034%	$826	$799	20x	as long as short
Lighter MU	+0.0104%	1h	1,039.1	+0.011%	$1.0M	$5.0M	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,039	−0.002%	$1.5M	$2.0M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,036	−0.292%	$731K	$1.3M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,039	0.000%	$531K	$270K	15x	as long as short