Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0070%/8h= −7.7% APRpaid last 24h −0.043%

Price spread now: Polymarket Perps against BloFin−0.091%105s7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$290.287% of the position

Long on BloFin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.309%−$31 on $10k

Price spread, last 4 days (all we have)+0.097%+$10 · spread now −0.091%, 7d avg −0.053%

Together, before fees−0.212%−$21 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 Polymarket Perps is 0.038% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.053%). Swap the legs. The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MU-USDT	1,039.8	0.0120	pay 0.0120% / 8h	4h 55m	$1.5M	$2.7M	20x
Short	Polymarket Perps MU-USD	1,038.8	0.0050	get 0.0006% / 1h	55m 18s	$169K	$163K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against BloFin. 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 BloFinbpFee Polymarket PerpsbpOrdersPrice spread, now −0.091%Rate

Funding earned: −$14.7
Price spread: −0.091% → −0.053%: −$3.84
Slippage, 4 orders: −$8.7
Fee BloFin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$47.24
Costs to cover: 0.287%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; Polymarket Perps: live order book, 50 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 BloFin live order book, 6 min ago	0.05 bp	6.9 bp −$7	8.6 bp −$86	14.3 bp −$1,432	doesn't fit
Sell Polymarket Perps live order book, 50 min ago	2.89 bp	8.6 bp −$9	9.0 bp −$90	doesn't fit	doesn't fit

MU on 37 exchanges

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	−0.0543%	4h	1,039.5	−0.028%	$1.3M	$694K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,039.5	−0.025%	$21.2M	$73.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,039	−0.070%	$122.0M	$554.2M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,038.9	−0.081%	$29.8M	$106.7M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,038.8	−0.090%	$61.3M	$27.3M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,038.9	−0.081%	$19.8M	$43.7M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,038.8	−0.092%	$2.6M	$2.5M	—	as long as short
StandX MU-USD	0.0000%	1h	1,038.6	−0.109%	$188K	$3.7M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,040.8	+0.102%	$11K	$4.9M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,038.2	−0.150%	$32K	$733K	10x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,038.9	−0.084%	$119K	$473K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,038.6	−0.115%	$1.1M	$4.4M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.117%	$19K	$5K	12x	as long as short
Aftermath Perps MUUSD	+0.0037%	1h	1,039	−0.073%	$3K	$41K	10x	as long as short
RISEx MU/USDC	+0.0045%	1h	1,039.3	−0.044%	$298K	$334K	20x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,040	+0.024%	—	$177K	25x	as long as short
Polymarket Perps MU-USDshort	+0.0050%	1h	1,038.8	−0.091%	$169K	$163K	10x
SoDEX MU-USD	+0.0050%	1h	1,038.9	−0.087%	$683K	$14K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.9	−0.177%	$1.9M	$3.2M	10x	as long as short
QFEX MU-USD	+0.0059%	1h	1,038.6	−0.109%	$7.0M	$19.4M	10x	as long as short
Paradex MU-USD-PERP	+0.0079%	8h	1,038.7	−0.098%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,038.4	−0.126%	$32K	$1K	10x	as long as short
Bybit MUUSDT	+0.0088%	8h	1,039.2	−0.052%	$18.8M	$32.2M	100x	as long as short
Pacifica MU	+0.0100%	1h	1,038.5	−0.123%	$151K	$227K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,038.8	−0.089%	$5.2M	$6.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,039.4	−0.038%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.8	−0.088%	$826	$799	20x	as long as short
Lighter MU	+0.0120%	1h	1,038.9	−0.087%	$1.0M	$4.9M	20x	as long as short
BloFin MU-USDTlong	+0.0120%	8h	1,039.8	long leg	$1.5M	$2.7M	20x
Coinbase International MU-PERP-INTX	+0.0136%	1h	1,037.9	−0.180%	$727K	$1.2M	10x	as long as short
Nado MU-PERP	+0.0140%	1h	1,038.5	−0.118%	$276K	$834K	10x	as long as short
GRVT MU_USDT_Perp	+0.0158%	8h	1,039.9	+0.017%	$72K	$1.4M	10x	as long as short
Arcus MU-USD	+0.0186%	1h	1,038.6	−0.113%	$90K	$159K	10x	as long as short
Bullet MU-USD	+0.0235%	1h	1,039.1	−0.063%	$26K	$383K	10x	as long as short
tradeXYZ xyz:MU	+0.0247%	1h	1,038.8	−0.091%	$177.6M	$75.1M	10x	as long as short
Extended MU_24_5-USD	+0.0288%	1h	1,038	−0.166%	$551K	$1.1M	10x	as long as short
Phoenix MU	+0.0308%	1h	1,041.5	+0.168%	$533K	$159K	15x	as long as short