MU

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0228%/8h= +24.9% APRnext payment +$0.28 per $10,000 · paid last 24h +0.031%

Price spread now: Bullet against Polymarket Perps+0.036%7-day average +0.058% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$270.265% of the position

Long on Polymarket Perps Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.094%+$9 on $10k

Price spread, last 3 days (all we have)+0.027%+$3 · spread now +0.036%, 7d avg +0.058%

Together, before fees+0.120%+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bullet is 0.022% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.036% now, against its 7-day average of +0.058%). If the spread goes back, that is −$2 on $10k: about 8 hours of funding at the current rate (+$7 a day). At the pace of the last 3 days (+0.094% in total) that is about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MU-USD	1,043.1	0.0050	pay 0.0006% / 1h	14m 53s	$165K	$197K	10x
Short	Bullet MU-USD	1,043.5	0.0278	get 0.0035% / 1h	14m 53s	$26K	$396K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now +0.036%Rate

Funding earned: $47.82
Price spread: +0.036% → +0.058%: −$2.23
Slippage, 4 orders: −$10.55
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bullet: 4 bp × 2 orders: −$8
Net: $19.04
Costs to cover: 0.265%
Break-even: 4.2 days

Slippage from Polymarket Perps: live order book, 2 min ago; Bullet: 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, 2 min ago	1.92 bp	7.8 bp −$8	7.9 bp −$79	9.7 bp −$973	doesn't fit
Sell Bullet live order book, 4 min ago	0.48 bp	6.4 bp −$6	21.5 bp −$215	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	−0.0377%	4h	1,043.4	+0.029%	$1.3M	$674K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,043.4	+0.030%	$62.9M	$29.1M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,042.7	−0.035%	$188K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,045.7	+0.247%	$11K	$6.6M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,043.4	+0.025%	$125K	$442K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,043.3	+0.016%	$1.2M	$4.2M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.730%	$14K	$302	12x	as long as short
Aftermath Perps MUUSD	+0.0034%	1h	1,043.5	+0.038%	$3K	$45K	10x	as long as short
OKX MU-USDT-SWAP	+0.0040%	8h	1,043.6	+0.051%	$30.8M	$104.8M	50x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,042.9	−0.019%	—	$194K	25x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MU-USDlong	+0.0050%	1h	1,043.1	long leg	$165K	$197K	10x
SoDEX MU-USD	+0.0050%	1h	1,043.4	+0.024%	$685K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,042.3	−0.077%	$2.0M	$2.7M	10x	as long as short
QFEX MU-USD	+0.0071%	1h	1,043.4	+0.030%	$7.8M	$24.1M	10x	as long as short
Aster MUUSD1	+0.0090%	8h	1,043.9	+0.075%	$21.5M	$47.4M	20x	as long as short
Pacifica MU	+0.0100%	1h	1,043.5	+0.039%	$154K	$181K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,043.2	+0.008%	$5.2M	$4.0M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,043.7	+0.055%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,043.5	+0.040%	$830	$799	20x	as long as short
Bitget MUUSDT	+0.0105%	8h	1,043.7	+0.057%	$20.5M	$43.0M	50x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,043.3	+0.020%	$33K	—	10x	as long as short
Paradex MU-USD-PERP	+0.0135%	8h	1,043.2	+0.007%	$2K	—	5x	as long as short
Variational Omni MU	+0.0144%	8h	1,043.4	+0.030%	$2.6M	$2.6M	—	as long as short
Binance MUUSDT	+0.0161%	8h	1,043.7	+0.059%	$124.7M	$535.7M	50x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,043.2	+0.012%	$755K	$1.4M	10x	as long as short
Lighter MU	+0.0208%	1h	1,043.4	+0.031%	$1.0M	$4.8M	20x	as long as short
GRVT MU_USDT_Perp	+0.0217%	8h	1,043.6	+0.052%	$77K	$1.4M	10x	as long as short
Nado MU-PERP	+0.0223%	1h	1,042.5	−0.061%	$273K	$872K	10x	as long as short
Bybit MUUSDT	+0.0247%	8h	1,043.9	+0.078%	$19.2M	$32.6M	100x	as long as short
Bullet MU-USDshort	+0.0278%	1h	1,043.5	+0.036%	$26K	$396K	10x
BloFin MU-USDT	+0.0281%	8h	1,043.8	+0.067%	$1.4M	$2.0M	20x	as long as short
tradeXYZ xyz:MU	+0.0325%	1h	1,043.2	+0.010%	$176.2M	$106.7M	10x	as long as short
Phoenix MU	+0.0383%	1h	1,043.8	+0.067%	$534K	$306K	15x	as long as short
Arcus MU-USD	+0.0435%	1h	1,043	−0.012%	$73K	$241K	10x	as long as short
RISEx MU/USDC	+0.0499%	1h	1,043.8	+0.066%	$295K	$338K	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0537%	1h	1,043.2	+0.007%	$61K	$247K	10x	as long as short
Extended MU_24_5-USD	+0.0688%	1h	1,042.4	−0.065%	$547K	$1.1M	10x	as long as short