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

MU

RWAall MU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0298%/8h= +32.6% APRpaid last 24h 0.000%
Price spread now: Polymarket Perps against edgeX−0.004%64s7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$230.234% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.741%−$74 on $10k
Price spread, last 4 days (all we have)−0.115%−$11 · spread now −0.004%, 7d avg −0.036%
Together, before fees−0.856%+ Points / potential airdropedgeX: Active · farm board−$86 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Polymarket Perps is 0.032% dearer against edgeX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.036%. Mind the row above: over the last 7 days funding on this pair cost −0.741%, so the current rate has only just turned in your favour. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX MUUSDC1,037.9−0.0248get 0.0124% / 4h34m 14s$1.3M$673K10x
ShortPolymarket Perps MU-USD1,037.90.0050get 0.0006% / 1h34m 14s$168K$195K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against edgeX. 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
$62.59
Price spread: −0.004% → −0.036%
$3.16
Slippage, 4 orders
−$6.43
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
$42.32
Costs to cover
0.234%
Break-even
2.3 days
Slippage from edgeX: live order book, 5 min ago; Polymarket Perps: live order book, 3 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 edgeX live order book, 5 min ago0.29 bp4.9 bp −$56.7 bp −$6729.4 bp −$2,944doesn't fit
Sell Polymarket Perps live order book, 3 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 MUUSDClong−0.0248%4h1,037.9long leg$1.3M$673K10x
Bitget MUUSDT−0.0178%8h1,038.3+0.034%$20.2M$40.0M50xas long as short
Aster MUUSD10.0000%8h1,038+0.007%$21.2M$65.5M20xas long as short
Binance MUUSDT0.0000%8h1,037.9−0.002%$122.1M$538.6M50xas long as short
Bybit MUUSDT0.0000%8h1,037.8−0.017%$18.8M$32.3M100xas long as short
OKX MU-USDT-SWAP0.0000%8h1,037.9−0.005%$29.8M$100.1M50xas long as short
RISEx MU/USDC0.0000%1h1,038.4+0.042%$313K$385K20xas long as short
Gate MU_USDT0.0000%8h1,038+0.002%$61.5M$28.3M75xas long as short
Variational Omni MU0.0000%8h1,037.7−0.024%$2.5M$2.6Mas long as short
GRVT MU_USDT_Perp0.0000%8h1,038+0.007%$71K$1.4M10xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
StandX MU-USD0.0000%1h1,037.7−0.024%$188K$3.5M20xas long as short
SunX MU-USDT0.0000%8h1,039.8+0.183%$11K$5.6M10xas long as short
Deribit MU_USDC-PERPETUAL0.0000%1h1,037.8−0.013%$74K$608K10xas long as short
HTX MU-USDT0.0000%8h1,037.8−0.017%$126K$481K50xas long as short
Bullet MU-USD+0.0012%1h1,038.1+0.014%$25K$390K10xas long as short
Aftermath Perps MUUSD+0.0017%1h1,038+0.006%$3K$44K10xas long as short
Nado MU-PERP+0.0018%1h1,038.1+0.012%$279K$807K10xas long as short
QFEX MU-USD+0.0021%1h1,038+0.007%$7.0M$18.8M10xas long as short
Lighter MU+0.0032%1h1,038.1+0.013%$1.0M$4.9M20xas long as short
Lighter RH MU+0.0032%1h1,037.9−0.006%$1.1M$4.4M10xas long as short
Extended MU_24_5-USD+0.0032%1h1,037.5−0.041%$545K$1.1M10xas long as short
Injective MU/USDC PERP+0.0033%1h1,051.4+1.293%$19K$5K12xas long as short
Arcus MU-USD+0.0040%1h1,037.5−0.047%$90K$245K10xas long as short
Vest MU-USD-PERP+0.0046%1h1,038.3+0.031%$175K25xas long as short
tradeXYZ xyz:MU+0.0050%1h1,037.9−0.004%$176.4M$82.7M10xas long as short
Polymarket Perps MU-USDshort+0.0050%1h1,037.9−0.004%$168K$195K10x
SoDEX MU-USD+0.0050%1h1,038+0.001%$681K$15K10xas long as short
Ondo Perps MU-USD.P+0.0050%1h1,037.5−0.046%$1.8M$2.7M10xas long as short
Paradex MU-USD-PERP+0.0051%8h1,038.1+0.013%$2K5xas long as short
Aevo MU-PERP+0.0080%1h1,037.6−0.030%$32K$1K10xas long as short
Coinbase International MU-PERP-INTX+0.0080%1h1,037.4−0.049%$725K$1.2M10xas long as short
Pacifica MU+0.0100%1h1,038+0.006%$147K$188K10xas long as short
KuCoin MUUSDTM+0.0100%8h1,037.9−0.001%$5.2M$3.9M20xas long as short
ApeX Omni MUUSDT+0.0100%1h1,037.9−0.007%$70K$270K50xas long as short
Orderly PERP_MU_USDC_mythos+0.0100%8h1,037.9−0.003%$825$79920xas long as short
BloFin MU-USDT+0.0120%8h1,038.3+0.034%$1.4M$2.1M20xas long as short
Phoenix MU+0.0232%1h1,038.3+0.034%$531K$270K15xas long as short