MU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0034%/8h= +3.7% APRnext payment +$0.04 per $10,000 · paid last 24h +0.029%

Price spread now: Deribit against Polymarket Perps+0.033%48s7-day average +0.022% · 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—prices read too far apart to compare

costs, in and out, $10k−$410.414% of the position

Long on Polymarket Perps Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.024%+$2 on $10k

Price spread, last 3 days (all we have)−0.036%−$4 · spread now +0.033%, 7d avg +0.022%

Together, before fees−0.012%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 48 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	1,048.9	0.0050	pay 0.0006% / 1h	35m 28s	$170K	$202K	10x
Short	Deribit MU_USDC-PERPETUAL	1,049.3	0.0084	get 0.0010% / 1h	35m 28s	$63K	$299K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.033%Rate

Funding earned: $7.07
Price spread: +0.033% → +0.022%: $1.13
Slippage, 4 orders: −$26.44
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$33.23
Costs to cover: 0.414%
Break-even: 39.9 days

Slippage from Polymarket Perps: live order book, 36 min ago; Deribit: live order book, 38 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, 36 min ago	1.91 bp	6.4 bp −$6	7.7 bp −$77	9.8 bp −$976	doesn't fit
Sell Deribit live order book, 38 min ago	3.44 bp	14.8 bp −$15	18.3 bp −$183	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	−0.0674%	4h	1,050.2	+0.124%	$1.3M	$672K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,049.3	+0.033%	$62.8M	$28.8M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,049.3	+0.036%	$190K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.4	+0.235%	$11K	$6.2M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,049.5	+0.058%	$129K	$427K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,049.6	+0.062%	$3K	$45K	10x	as long as short
Lighter MU	+0.0032%	1h	1,049.5	+0.054%	$1.1M	$4.7M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,049.4	+0.050%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.235%	$19K	$5K	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,049.9	+0.092%	—	$179K	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	1,048.9	long leg	$170K	$202K	10x
Ondo Perps MU-USD.P	+0.0050%	1h	1,048.7	−0.022%	$1.9M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,049.2	+0.031%	$7.8M	$22.8M	10x	as long as short
Nado MU-PERP	+0.0076%	1h	1,049	+0.013%	$275K	$858K	10x	as long as short
Deribit MU_USDC-PERPETUALshort	+0.0084%	1h	1,049.3	+0.033%	$63K	$299K	10x
Paradex MU-USD-PERP	+0.0093%	8h	1,049.5	+0.054%	$2K	—	5x	as long as short
OKX MU-USDT-SWAP	+0.0097%	8h	1,049.1	+0.022%	$30.8M	$101.9M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,049.6	+0.064%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049.4	+0.051%	$5.3M	$3.6M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,049.8	+0.090%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,049.7	+0.079%	$835	$799	20x	as long as short
SoDEX MU-USD	+0.0128%	1h	1,049.5	+0.060%	$689K	$16K	10x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,049.3	+0.040%	$32K	$1K	10x	as long as short
Bybit MUUSDT	+0.0169%	8h	1,049.4	+0.045%	$19.1M	$32.6M	100x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,049.8	+0.087%	$760K	$1.2M	10x	as long as short
Variational Omni MU	+0.0210%	8h	1,049.5	+0.057%	$2.7M	$2.4M	—	as long as short
Aster MUUSD1	+0.0216%	8h	1,049	+0.009%	$21.6M	$48.3M	20x	as long as short
Binance MUUSDT	+0.0222%	8h	1,049.1	+0.017%	$125.9M	$524.2M	50x	as long as short
Arcus MU-USD	+0.0240%	1h	1,049.7	+0.073%	$71K	$243K	10x	as long as short
Bullet MU-USD	+0.0283%	1h	1,049.7	+0.076%	$26K	$395K	10x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,049.3	+0.041%	$315K	$339K	20x	as long as short
tradeXYZ xyz:MU	+0.0316%	1h	1,049.4	+0.048%	$178.0M	$101.1M	10x	as long as short
Bitget MUUSDT	+0.0333%	8h	1,049	+0.006%	$20.6M	$41.6M	50x	as long as short
BloFin MU-USDT	+0.0340%	8h	1,050.4	+0.142%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0383%	1h	1,050.3	+0.133%	$537K	$306K	15x	as long as short
Extended MU_24_5-USD	+0.0456%	1h	1,048.6	−0.030%	$568K	$1.2M	10x	as long as short
GRVT MU_USDT_Perp	+0.0639%	8h	1,050.2	+0.127%	$83K	$1.4M	10x	as long as short