Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: HTX against Polymarket Perps−0.027%7-day average +0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$340.336% of the position

Long on Polymarket Perps Short on HTX

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)+0.073%+$7 · spread now −0.027%, 7d avg +0.042%

Together, before fees−0.029%−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and HTX is 0.069% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.042%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MU-USD	1,043.6	0.0050	pay 0.0006% / 1h	19m 06s	$169K	$203K	10x
Short	HTX MU-USDT	1,043.3	0	get 0.0000% / 8h	3h 19m	$130K	$435K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$10.5
Price spread: −0.027% → +0.042%: −$6.89
Slippage, 4 orders: −$13.64
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$51.03
Costs to cover: 0.336%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 33 min ago; HTX: live order book, 34 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, 33 min ago	2.86 bp	6.9 bp −$7	8.0 bp −$80	9.3 bp −$932	doesn't fit
Sell HTX live order book, 34 min ago	2.81 bp	9.2 bp −$9	9.2 bp −$92	14.0 bp −$1,402	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	−0.0350%	4h	1,044.9	+0.128%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,044	+0.034%	$21.2M	$56.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,043.6	−0.001%	$123.9M	$522.6M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,043.8	+0.022%	$18.7M	$31.8M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,043.6	−0.001%	$30.9M	$99.4M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,043.9	+0.028%	$337K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,043.5	−0.006%	$61.9M	$27.9M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,043.7	+0.011%	$20.5M	$41.6M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,045.1	+0.139%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,044.9	+0.126%	$79K	$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	1,045	+0.132%	$189K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,046.1	+0.236%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,043.3	−0.026%	$73K	$479K	10x	as long as short
HTX MU-USDTshort	0.0000%	8h	1,043.3	−0.027%	$130K	$435K	50x
Aftermath Perps MUUSD	+0.0023%	1h	1,044.3	+0.071%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,043.6	−0.002%	$7.0M	$18.0M	10x	as long as short
Lighter MU	+0.0032%	1h	1,043.7	+0.011%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,043.6	+0.002%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,043.1	−0.052%	$548K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.744%	$19K	$5K	12x	as long as short
Nado MU-PERP	+0.0037%	1h	1,043.5	−0.005%	$281K	$828K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,044.2	+0.059%	$70K	$233K	10x	as long as short
Bullet MU-USD	+0.0041%	1h	1,043.7	+0.010%	$25K	$392K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,044.3	+0.068%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,043.4	−0.019%	$176.6M	$95.3M	10x	as long as short
Polymarket Perps MU-USDlong	+0.0050%	1h	1,043.6	long leg	$169K	$203K	10x
SoDEX MU-USD	+0.0050%	1h	1,043.5	−0.007%	$685K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,043.8	+0.018%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,044.3	+0.067%	$1.9M	$2.2M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,043.2	−0.037%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,043.7	+0.006%	$147K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,043.5	−0.007%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,044.5	+0.084%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,043.5	−0.010%	$830	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,044.8	+0.110%	$749K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,044.2	+0.058%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0305%	1h	1,044.9	+0.125%	$534K	$271K	15x	as long as short