Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Ondo Perps against Polymarket Perps−0.090%7-day average −0.064% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 3 days (all we have)+0.059%+$6 · spread now −0.090%, 7d avg −0.064%

Together, before fees+0.040%+ Points / potential airdropOndo Perps: Active · farm board+$4 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: Ondo Perps is 0.026% 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 −0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MU-USD	1,051.3	0.0050	pay 0.0006% / 1h	5m 28s	$171K	$203K	10x
Short	Ondo Perps MU-USD.P	1,050.4	0.0050	get 0.0006% / 1h	5m 28s	$2.0M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.090%Rate

Funding earned: $0.08
Price spread: −0.090% → −0.064%: −$2.62
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$15.54
Costs to cover: 0.130%
Break-even: 1302.0 days

Slippage unknown: Polymarket Perps: live order book, 1 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 1 min ago	2.86 bp	6.9 bp −$7	7.6 bp −$76	9.4 bp −$943	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0631%	4h	1,051.5	+0.018%	$1.3M	$671K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,051.4	+0.008%	$62.7M	$29.1M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,050.4	−0.084%	$190K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.3	+0.098%	$11K	$6.1M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,051.2	−0.007%	$130K	$424K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,051	−0.033%	$3K	$45K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,051.3	−0.002%	$1.2M	$4.2M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.006%	$19K	$5K	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,052.3	+0.090%	—	$179K	25x	as long as short
Lighter MU	+0.0048%	1h	1,051.4	+0.009%	$1.1M	$4.8M	20x	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	1,051.3	long leg	$171K	$203K	10x
Ondo Perps MU-USD.Pshort	+0.0050%	1h	1,050.4	−0.090%	$2.0M	$2.3M	10x
QFEX MU-USD	+0.0054%	1h	1,051.4	+0.008%	$7.6M	$21.1M	10x	as long as short
SoDEX MU-USD	+0.0063%	1h	1,051.5	+0.014%	$690K	$16K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0064%	1h	1,051.3	−0.004%	$65K	$312K	10x	as long as short
Paradex MU-USD-PERP	+0.0085%	8h	1,051.4	+0.005%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0087%	1h	1,051	−0.030%	$274K	$858K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,051.5	+0.017%	$149K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,051.2	−0.010%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.6	−0.063%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,051.4	+0.007%	$836	$799	20x	as long as short
OKX MU-USDT-SWAP	+0.0108%	8h	1,051.7	+0.033%	$31.0M	$101.7M	50x	as long as short
Aevo MU-PERP	+0.0144%	1h	1,051.3	+0.004%	$32K	$1K	10x	as long as short
Bullet MU-USD	+0.0177%	1h	1,051.5	+0.019%	$26K	$396K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,050.5	−0.078%	$762K	$1.2M	10x	as long as short
tradeXYZ xyz:MU	+0.0201%	1h	1,051.3	0.000%	$178.5M	$100.1M	10x	as long as short
Bybit MUUSDT	+0.0202%	8h	1,051.8	+0.049%	$19.4M	$32.6M	100x	as long as short
Arcus MU-USD	+0.0240%	1h	1,051.2	−0.013%	$71K	$242K	10x	as long as short
Variational Omni MU	+0.0256%	8h	1,051.6	+0.024%	$2.7M	$2.4M	—	as long as short
Aster MUUSD1	+0.0266%	8h	1,050.9	−0.038%	$21.6M	$48.4M	20x	as long as short
Binance MUUSDT	+0.0269%	8h	1,051.5	+0.023%	$126.4M	$521.4M	50x	as long as short
Extended MU_24_5-USD	+0.0304%	1h	1,050.8	−0.046%	$564K	$1.2M	10x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,051.6	+0.026%	$316K	$339K	20x	as long as short
Phoenix MU	+0.0383%	1h	1,051.6	+0.029%	$538K	$306K	15x	as long as short
BloFin MU-USDT	+0.0386%	8h	1,051.6	+0.027%	$1.5M	$2.0M	20x	as long as short
Bitget MUUSDT	+0.0417%	8h	1,051.5	+0.014%	$20.6M	$41.6M	50x	as long as short
GRVT MU_USDT_Perp	+0.0569%	8h	1,051.2	−0.010%	$83K	$1.3M	10x	as long as short