Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Gate against Polymarket Perps+0.042%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$370.373% of the position

Long on Polymarket Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.102%−$10 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now +0.042%, 7d avg +0.018%

Together, before fees−0.060%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.024% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of +0.018%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 38 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MU-USD	1,050.2	0.0050	pay 0.0006% / 1h	36m 51s	$170K	$202K	10x
Short	Gate MU_USDT	1,050.6	0	get 0.0000% / 8h	5h 36m	$62.1M	$27.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.042%Rate

Funding earned: −$10.5
Price spread: +0.042% → +0.018%: $2.38
Slippage, 4 orders: −$14.33
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$45.46
Costs to cover: 0.373%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 25 min ago; Gate: live order book, 2 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, 25 min ago	2.86 bp	6.9 bp −$7	8.2 bp −$82	9.6 bp −$956	doesn't fit
Sell Gate live order book, 2 min ago	0.90 bp	10.8 bp −$11	15.7 bp −$157	35.9 bp −$3,595	62.5 bp −$31.2K

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	−0.0447%	4h	1,050	−0.023%	$1.3M	$671K	10x	as long as short
RISEx MU/USDC	0.0000%	1h	1,050.7	+0.045%	$333K	$348K	20x	as long as short
Gate MU_USDTshort	0.0000%	8h	1,050.6	+0.042%	$62.1M	$27.4M	75x
GRVT MU_USDT_Perp	0.0000%	8h	1,050.7	+0.050%	$85K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,050.1	−0.010%	$190K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.5	+0.219%	$11K	$5.9M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.8	+0.054%	$129K	$428K	50x	as long as short
Bybit MUUSDT	+0.0006%	8h	1,051	+0.071%	$19.2M	$32.3M	100x	as long as short
Aftermath Perps MUUSD	+0.0020%	1h	1,050.1	−0.007%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0030%	1h	1,050.4	+0.014%	$7.2M	$18.2M	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	+0.0030%	8h	1,050.7	+0.050%	$31.0M	$99.9M	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.6	+0.034%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.110%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.1	−0.009%	$71K	$235K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.3	+0.108%	—	$175K	25x	as long as short
Extended MU_24_5-USD	+0.0048%	1h	1,049.9	−0.031%	$564K	$1.1M	10x	as long as short
Polymarket Perps MU-USDlong	+0.0050%	1h	1,050.2	long leg	$170K	$202K	10x
SoDEX MU-USD	+0.0050%	1h	1,050.7	+0.043%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.9	−0.027%	$1.9M	$2.3M	10x	as long as short
Lighter MU	+0.0056%	1h	1,050.7	+0.048%	$1.1M	$4.9M	20x	as long as short
Paradex MU-USD-PERP	+0.0057%	8h	1,050.5	+0.027%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0066%	1h	1,050	−0.020%	$282K	$849K	10x	as long as short
tradeXYZ xyz:MU	+0.0075%	1h	1,050.5	+0.029%	$178.3M	$99.1M	10x	as long as short
Aster MUUSD1	+0.0086%	8h	1,050.5	+0.024%	$21.4M	$52.1M	20x	as long as short
Bullet MU-USD	+0.0090%	1h	1,050.8	+0.057%	$25K	$398K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	−0.025%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050	−0.021%	$149K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.3	+0.011%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.3	+0.007%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.6	+0.042%	$835	$799	20x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,050.4	+0.015%	$32K	$1K	10x	as long as short
Variational Omni MU	+0.0128%	8h	1,049.8	−0.042%	$2.7M	$2.4M	—	as long as short
Bitget MUUSDT	+0.0137%	8h	1,050.8	+0.055%	$20.6M	$41.1M	50x	as long as short
Binance MUUSDT	+0.0147%	8h	1,050.8	+0.061%	$126.5M	$518.3M	50x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0150%	1h	1,050.5	+0.024%	$67K	$364K	10x	as long as short
Phoenix MU	+0.0229%	1h	1,050.7	+0.048%	$537K	$271K	15x	as long as short
BloFin MU-USDT	+0.0267%	8h	1,050.8	+0.058%	$1.5M	$2.0M	20x	as long as short