Settings8H · net · $10k
Funding arb · Price arb /

MU

RWAall MU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%
Price spread now: Polymarket Perps against SunX−0.217%7-day average −0.187% · you buy dearer than you sell
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$145as in the Price arb table
costs, in and out, $10k−$1421.425% of the position
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)+0.258%+$26 · spread now −0.217%, 7d avg −0.187%
Together, before fees+0.360%+$36 on $10k · with fees, hour by hour
Funding pays, the price is against you. Polymarket Perps is 0.030% cheaper against SunX than usual: you would sell low and buy high (spread −0.217% now, against its 7-day average of −0.187%). If the spread goes back, that is −$3 on $10k: about 48 hours of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX MU-USDT1,031.20get 0.0000% / 8h7h 46m$11K$5.4M10x
ShortPolymarket Perps MU-USD1,0290.0050get 0.0006% / 1h46m 17s$166K$177K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against SunX. 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

Funding earned
$10.5
Price spread: −0.217% → −0.187%
−$3
Slippage, 4 orders
−$126.49
Fee SunX: 4 bp × 2 orders
−$8
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$134.99
Costs to cover
1.425%
Break-even
97.0 days
Slippage from SunX: live order book, 12 min ago; Polymarket Perps: live order book, 51 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 12 min ago56.58 bp60.6 bp −$61doesn't fitdoesn't fitdoesn't fit
Sell Polymarket Perps live order book, 51 min ago2.41 bp7.3 bp −$77.7 bp −$7710.2 bp −$1,015doesn't fit

MU on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX MUUSDC−0.0134%4h1,031.6+0.032%$1.3M$673K10xas long as short
Bitget MUUSDT−0.0092%8h1,030.2−0.099%$19.8M$40.0M50xas long as short
Aster MUUSD10.0000%8h1,030.7−0.052%$21.1M$68.5M20xas long as short
Binance MUUSDT0.0000%8h1,030.2−0.099%$121.3M$542.4M50xas long as short
Bybit MUUSDT0.0000%8h1,030.3−0.094%$18.6M$32.1M100xas long as short
OKX MU-USDT-SWAP0.0000%8h1,030.1−0.114%$29.5M$100.7M50xas long as short
RISEx MU/USDC0.0000%1h1,030.2−0.097%$310K$380K20xas long as short
Gate MU_USDT0.0000%8h1,030.1−0.113%$61.9M$27.8M75xas long as short
Variational Omni MU0.0000%8h1,032.2+0.095%$2.5M$2.6Mas long as short
GRVT MU_USDT_Perp0.0000%8h1,031.9+0.060%$72K$1.4M10xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
StandX MU-USD0.0000%1h1,030.6−0.059%$186K$3.6M20xas long as short
SunX MU-USDTlong0.0000%8h1,031.2long leg$11K$5.4M10x
HTX MU-USDT0.0000%8h1,029.9−0.135%$119K$492K50xas long as short
Aftermath Perps MUUSD+0.0024%1h1,031.1−0.014%$3K$43K10xas long as short
QFEX MU-USD+0.0027%1h1,029.5−0.171%$6.9M$18.8M10xas long as short
Lighter RH MU+0.0032%1h1,030−0.125%$1.1M$4.4M10xas long as short
Extended MU_24_5-USD+0.0032%1h1,029.5−0.166%$550K$1.1M10xas long as short
Injective MU/USDC PERP+0.0033%1h1,051.4+1.951%$19K$5K12xas long as short
Arcus MU-USD+0.0040%1h1,029.6−0.164%$89K$244K10xas long as short
Vest MU-USD-PERP+0.0046%1h1,029.7−0.152%$177K25xas long as short
Polymarket Perps MU-USDshort+0.0050%1h1,029−0.217%$166K$177K10x
SoDEX MU-USD+0.0050%1h1,029.9−0.129%$676K$15K10xas long as short
Ondo Perps MU-USD.P+0.0050%1h1,028.9−0.228%$1.9M$2.8M10xas long as short
Paradex MU-USD-PERP+0.0055%8h1,029.6−0.160%$2K5xas long as short
Lighter MU+0.0056%1h1,030.1−0.108%$991K$4.9M20xas long as short
tradeXYZ xyz:MU+0.0065%1h1,030.3−0.091%$174.4M$80.4M10xas long as short
Aevo MU-PERP+0.0080%1h1,029.9−0.128%$32K$1K10xas long as short
Nado MU-PERP+0.0088%1h1,029.6−0.163%$272K$806K10xas long as short
Bullet MU-USD+0.0092%1h1,030.3−0.091%$25K$390K10xas long as short
Coinbase International MU-PERP-INTX+0.0096%1h1,030.8−0.048%$720K$1.1M10xas long as short
Pacifica MU+0.0100%1h1,029.3−0.187%$146K$194K10xas long as short
KuCoin MUUSDTM+0.0100%8h1,029.8−0.142%$5.1M$4.4M20xas long as short
ApeX Omni MUUSDT+0.0100%1h1,030.9−0.029%$70K$270K50xas long as short
Orderly PERP_MU_USDC_mythos+0.0100%8h1,030.1−0.107%$819$79920xas long as short
BloFin MU-USDT+0.0120%8h1,030.4−0.080%$1.5M$2.2M20xas long as short
Phoenix MU+0.0231%1h1,030.5−0.072%$527K$270K15xas long as short
Deribit MU_USDC-PERPETUAL+0.0362%1h1,030.2−0.103%$73K$625K10xas long as short