Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.015%

Price spread now: Polymarket Perps against Binance−0.024%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$250.254% of the position

Long on Binance Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 4 days (all we have)−0.240%−$24 · spread now −0.024%, 7d avg −0.038%

Together, before fees−0.298%−$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.038%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.058%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MUUSDT	1,041.3	0	get 0.0000% / 8h	2h 44m	$122.6M	$525.5M	50x
Short	Polymarket Perps MU-USD	1,041	0.0050	get 0.0006% / 1h	44m 26s	$169K	$203K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Binance. 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 BinancebpFee Polymarket PerpsbpOrdersPrice spread, now −0.024%Rate

Funding earned: $10.5
Price spread: −0.024% → −0.038%: $1.4
Slippage, 4 orders: −$7.36
Fee Binance: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$13.46
Costs to cover: 0.254%
Break-even: 16.0 days

Slippage from Binance: live order book, 14 min ago; Polymarket Perps: 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 Binance live order book, 14 min ago	0.05 bp	5.6 bp −$6	7.1 bp −$71	16.7 bp −$1,672	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	2.40 bp	7.3 bp −$7	7.7 bp −$77	9.7 bp −$970	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	−0.0373%	4h	1,042.1	+0.081%	$1.3M	$673K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,041.8	+0.054%	$21.2M	$57.2M	20x	as long as short
Binance MUUSDTlong	0.0000%	8h	1,041.3	long leg	$122.6M	$525.5M	50x
Bybit MUUSDT	0.0000%	8h	1,041.3	+0.001%	$18.6M	$32.0M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,041.1	−0.019%	$30.4M	$99.7M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,041.4	+0.015%	$336K	$354K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,041.4	+0.009%	$61.8M	$27.9M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,041.7	+0.040%	$20.4M	$41.0M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,042	+0.067%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,042.2	+0.093%	$83K	$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	1,042.5	+0.120%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,043.7	+0.231%	$11K	$5.7M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,042	+0.072%	$73K	$503K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,041.5	+0.027%	$128K	$443K	50x	as long as short
Nado MU-PERP	+0.0007%	1h	1,041	−0.021%	$280K	$820K	10x	as long as short
Bullet MU-USD	+0.0016%	1h	1,042.2	+0.091%	$25K	$392K	10x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,042.1	+0.080%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,041.4	+0.012%	$7.0M	$17.9M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,041.4	+0.010%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,041	−0.026%	$546K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.971%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,041.9	+0.058%	$70K	$232K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,041.7	+0.047%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,041.2	−0.005%	$176.9M	$93.6M	10x	as long as short
Polymarket Perps MU-USDshort	+0.0050%	1h	1,041	−0.024%	$169K	$203K	10x
SoDEX MU-USD	+0.0050%	1h	1,041.8	+0.051%	$684K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,041.5	+0.027%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,041.5	+0.028%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,041.7	+0.039%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,041.2	−0.003%	$147K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,041.2	−0.002%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,042.3	+0.101%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,042.1	+0.080%	$828	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,041.8	+0.049%	$1.5M	$2.0M	20x	as long as short
Lighter MU	+0.0128%	1h	1,041.6	+0.030%	$1.1M	$4.9M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,043.3	+0.199%	$745K	$1.2M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,043.3	+0.197%	$534K	$270K	15x	as long as short