Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h +0.007%

Price spread now: Bitget against Polymarket Perps+0.034%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$300.297% of the position

Long on Polymarket Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now +0.034%, 7d avg +0.048%

Together, before fees+0.122%+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.048%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MU-USD	1,050	0.0050	pay 0.0006% / 1h	35m 21s	$170K	$202K	10x
Short	Bitget MUUSDT	1,050.4	0.0136	get 0.0136% / 8h	5h 35m	$20.6M	$41.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.034%Rate

Funding earned: $18.06
Price spread: +0.034% → +0.048%: −$1.39
Slippage, 4 orders: −$9.69
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$13.01
Costs to cover: 0.297%
Break-even: 12.0 days

Slippage from Polymarket Perps: live order book, 27 min ago; Bitget: live order book, 4 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, 27 min ago	2.86 bp	6.9 bp −$7	8.2 bp −$82	9.6 bp −$956	doesn't fit
Sell Bitget live order book, 4 min ago	0.05 bp	7.6 bp −$8	9.4 bp −$94	doesn't fit	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	−0.0394%	4h	1,050.5	+0.050%	$1.3M	$671K	10x	as long as short
RISEx MU/USDC	0.0000%	1h	1,050.5	+0.052%	$333K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.2	+0.023%	$62.1M	$27.4M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,050.7	+0.067%	$85K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,050.2	+0.021%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052	+0.194%	$11K	$5.9M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,050	+0.004%	$67K	$367K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.5	+0.043%	$129K	$428K	50x	as long as short
Bybit MUUSDT	+0.0004%	8h	1,050.6	+0.052%	$19.1M	$32.3M	100x	as long as short
Aftermath Perps MUUSD	+0.0021%	1h	1,050.2	+0.017%	$3K	$45K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MU-USDT-SWAP	+0.0029%	8h	1,050.4	+0.033%	$31.0M	$99.8M	50x	as long as short
QFEX MU-USD	+0.0030%	1h	1,050.2	+0.019%	$7.2M	$18.2M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.1	+0.012%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.130%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.2	+0.022%	$71K	$235K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.2	+0.110%	—	$175K	25x	as long as short
Polymarket Perps MU-USDlong	+0.0050%	1h	1,050	long leg	$170K	$202K	10x
SoDEX MU-USD	+0.0050%	1h	1,050.5	+0.049%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.5	−0.045%	$1.9M	$2.3M	10x	as long as short
Lighter MU	+0.0056%	1h	1,050.3	+0.026%	$1.1M	$4.9M	20x	as long as short
Extended MU_24_5-USD	+0.0056%	1h	1,049.7	−0.030%	$564K	$1.1M	10x	as long as short
Paradex MU-USD-PERP	+0.0057%	8h	1,050.5	+0.046%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0067%	1h	1,050	−0.004%	$282K	$848K	10x	as long as short
tradeXYZ xyz:MU	+0.0070%	1h	1,050	0.000%	$178.2M	$99.1M	10x	as long as short
Aster MUUSD1	+0.0082%	8h	1,050.4	+0.039%	$21.4M	$52.1M	20x	as long as short
Bullet MU-USD	+0.0087%	1h	1,050.5	+0.044%	$25K	$398K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	−0.006%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050.4	+0.035%	$149K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.1	+0.012%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,051.1	+0.104%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.4	+0.040%	$835	$799	20x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,050	+0.003%	$32K	$1K	10x	as long as short
Variational Omni MU	+0.0122%	8h	1,050.5	+0.045%	$2.7M	$2.4M	—	as long as short
Bitget MUUSDTshort	+0.0136%	8h	1,050.4	+0.034%	$20.6M	$41.1M	50x
Binance MUUSDT	+0.0145%	8h	1,050.4	+0.035%	$126.5M	$518.5M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.7	+0.067%	$537K	$271K	15x	as long as short
BloFin MU-USDT	+0.0267%	8h	1,050.8	+0.077%	$1.5M	$2.0M	20x	as long as short