Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h +0.004%

Price spread now: OKX against Polymarket Perps+0.012%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$240.241% of the position

Long on Polymarket Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$4 on $10k

Price spread, last 3 days (all we have)+0.059%+$6 · spread now +0.012%, 7d avg +0.044%

Together, before fees+0.104%+$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.033% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MU-USD	1,043.2	0.0050	pay 0.0006% / 1h	7m 26s	$165K	$197K	10x
Short	OKX MU-USDT-SWAP	1,043.3	0.0049	get 0.0049% / 8h	1h 07m	$30.9M	$104.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$0.23
Price spread: +0.012% → +0.044%: −$3.27
Slippage, 4 orders: −$6.12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$27.62
Costs to cover: 0.241%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 9 min ago; OKX: live order book, 1 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, 9 min ago	1.92 bp	7.8 bp −$8	7.9 bp −$79	9.7 bp −$973	doesn't fit
Sell OKX live order book, 1 min ago	0.05 bp	5.1 bp −$5	6.2 bp −$62	16.7 bp −$1,666	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	−0.0010%	4h	1,043.5	+0.025%	$1.3M	$672K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,043.3	+0.007%	$62.9M	$29.1M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,042.7	−0.048%	$188K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,045.9	+0.255%	$11K	$6.6M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,043.3	+0.009%	$125K	$442K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,043.2	−0.003%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.720%	$14K	$302	12x	as long as short
Aftermath Perps MUUSD	+0.0036%	1h	1,043.5	+0.029%	$3K	$45K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,043	−0.015%	—	$194K	25x	as long as short
OKX MU-USDT-SWAPshort	+0.0049%	8h	1,043.3	+0.012%	$30.9M	$104.8M	50x

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	1,043.2	long leg	$165K	$197K	10x
Ondo Perps MU-USD.P	+0.0050%	1h	1,042.7	−0.053%	$2.0M	$2.7M	10x	as long as short
SoDEX MU-USD	+0.0053%	1h	1,043.4	+0.016%	$685K	$16K	10x	as long as short
QFEX MU-USD	+0.0071%	1h	1,043.2	+0.002%	$7.8M	$24.1M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,043.4	+0.022%	$154K	$181K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,043.2	−0.001%	$5.2M	$4.0M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,043.5	+0.027%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,043.4	+0.014%	$829	$799	20x	as long as short
Aster MUUSD1	+0.0108%	8h	1,044.2	+0.091%	$21.5M	$47.4M	20x	as long as short
Bitget MUUSDT	+0.0114%	8h	1,043.3	+0.008%	$20.4M	$43.0M	50x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,043.4	+0.019%	$33K	—	10x	as long as short
Paradex MU-USD-PERP	+0.0144%	8h	1,043.3	+0.011%	$2K	—	5x	as long as short
Variational Omni MU	+0.0150%	8h	1,043.5	+0.024%	$2.6M	$2.6M	—	as long as short
Binance MUUSDT	+0.0172%	8h	1,043.4	+0.024%	$124.6M	$535.2M	50x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,043.2	+0.003%	$755K	$1.4M	10x	as long as short
Lighter MU	+0.0208%	1h	1,043.2	+0.003%	$1.0M	$4.8M	20x	as long as short
GRVT MU_USDT_Perp	+0.0224%	8h	1,043.8	+0.055%	$77K	$1.4M	10x	as long as short
Nado MU-PERP	+0.0234%	1h	1,042.7	−0.052%	$273K	$872K	10x	as long as short
Bybit MUUSDT	+0.0260%	8h	1,043.7	+0.047%	$19.2M	$32.6M	100x	as long as short
Bullet MU-USD	+0.0282%	1h	1,043.4	+0.019%	$26K	$396K	10x	as long as short
BloFin MU-USDT	+0.0289%	8h	1,043.9	+0.069%	$1.4M	$2.0M	20x	as long as short
tradeXYZ xyz:MU	+0.0326%	1h	1,043.3	+0.010%	$176.2M	$106.5M	10x	as long as short
Phoenix MU	+0.0383%	1h	1,044	+0.077%	$534K	$306K	15x	as long as short
Arcus MU-USD	+0.0435%	1h	1,043	−0.017%	$73K	$241K	10x	as long as short
RISEx MU/USDC	+0.0499%	1h	1,043.7	+0.051%	$295K	$339K	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0642%	1h	1,043.5	+0.027%	$62K	$251K	10x	as long as short
Extended MU_24_5-USD	+0.0712%	1h	1,042.4	−0.074%	$547K	$1.1M	10x	as long as short