Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.007%

Price spread now: Polymarket Perps against OKX+0.030%47s7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as 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−$280.285% of the position

Long on OKX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 4 days (all we have)−0.098%−$10 · spread now +0.030%, 7d avg −0.042%

Together, before fees−0.118%−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.072% dearer against OKX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.042%. The two prices were read 47 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	OKX MU-USDT-SWAP	1,039.2	0	get 0.0000% / 8h	6h 04m	$29.5M	$107.6M	50x
Short	Polymarket Perps MU-USD	1,039.5	0.0050	get 0.0006% / 1h	4m 40s	$168K	$178K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against OKX. 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 OKXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.030%Rate

Funding earned: $10.5
Price spread: +0.030% → −0.042%: $7.22
Slippage, 4 orders: −$10.46
Fee OKX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$10.73
Costs to cover: 0.285%
Break-even: 14.2 days

Slippage from OKX: live order book, 2 min ago; Polymarket Perps: live order book, 45 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 OKX live order book, 2 min ago	0.05 bp	5.3 bp −$5	7.6 bp −$76	23.6 bp −$2,358	doesn't fit
Sell Polymarket Perps live order book, 45 min ago	3.88 bp	8.1 bp −$8	9.7 bp −$97	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	−0.0946%	4h	1,035.7	−0.340%	$1.3M	$695K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,039.7	+0.045%	$21.3M	$73.1M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,039.1	−0.010%	$121.5M	$553.5M	50x	as long as short
OKX MU-USDT-SWAPlong	0.0000%	8h	1,039.2	long leg	$29.5M	$107.6M	50x
Gate MU_USDT	0.0000%	8h	1,038.9	−0.033%	$61.7M	$28.2M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,038.8	−0.042%	$19.9M	$43.4M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,039.1	−0.010%	$2.6M	$2.6M	—	as long as short
StandX MU-USD	0.0000%	1h	1,037.4	−0.172%	$188K	$3.7M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,040.6	+0.135%	$11K	$5.1M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,039.2	0.000%	$119K	$475K	50x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH MU	+0.0032%	1h	1,038.8	−0.038%	$1.2M	$4.6M	10x	as long as short
Aftermath Perps MUUSD	+0.0032%	1h	1,036	−0.302%	$3K	$42K	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.171%	$19K	$5K	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,040.1	+0.084%	—	$177K	25x	as long as short
Polymarket Perps MU-USDshort	+0.0050%	1h	1,039.5	+0.030%	$168K	$178K	10x
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.9	−0.125%	$1.9M	$3.2M	10x	as long as short
QFEX MU-USD	+0.0059%	1h	1,039.4	+0.019%	$7.0M	$19.2M	10x	as long as short
Bybit MUUSDT	+0.0068%	8h	1,039	−0.016%	$18.9M	$32.6M	100x	as long as short
Paradex MU-USD-PERP	+0.0077%	8h	1,038.8	−0.041%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,039	−0.021%	$32K	$1K	10x	as long as short
SoDEX MU-USD	+0.0095%	1h	1,038.8	−0.034%	$682K	$13K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,039.1	−0.013%	$147K	$223K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,038.1	−0.108%	$5.2M	$5.8M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,038.6	−0.061%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.8	−0.034%	$826	$799	20x	as long as short
RISEx MU/USDC	+0.0107%	1h	1,039.7	+0.050%	$296K	$351K	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0116%	1h	1,038.8	−0.037%	$39K	$711K	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,039	−0.017%	$1.4M	$2.5M	20x	as long as short
Nado MU-PERP	+0.0124%	1h	1,038.9	−0.030%	$273K	$840K	10x	as long as short
Arcus MU-USD	+0.0139%	1h	1,039.2	+0.005%	$90K	$148K	10x	as long as short
Lighter MU	+0.0152%	1h	1,039.1	−0.013%	$1.0M	$5.1M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0152%	1h	1,035.4	−0.366%	$734K	$1.1M	10x	as long as short
tradeXYZ xyz:MU	+0.0186%	1h	1,038.7	−0.047%	$176.9M	$75.7M	10x	as long as short
Bullet MU-USD	+0.0211%	1h	1,039.8	+0.061%	$25K	$386K	10x	as long as short
GRVT MU_USDT_Perp	+0.0215%	8h	1,038.1	−0.100%	$81K	$1.4M	10x	as long as short
Phoenix MU	+0.0310%	1h	1,035.5	−0.355%	$530K	$269K	15x	as long as short
Extended MU_24_5-USD	+0.0328%	1h	1,037.3	−0.178%	$552K	$1.1M	10x	as long as short