Funding you earn now, next payment 10:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: Polymarket Perps against Orderly−0.066%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Polymarket Perps is 0.066% cheaper against Orderly than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_MU_USDC_mythos | 1,032 | 0.0100 | pay 0.0100% / 8h | 6h 54m | $820 | $799 | 20x |
| Short | Polymarket Perps MU-USD | 1,031.3 | 0.0050 | get 0.0006% / 1h | 54m 13s | $167K | $177K | 10x |
Orderly PERP_MU_USDC_mythos
Polymarket Perps MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Orderly. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
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: −0.066% → 0.000%
- −$6.59
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$31.09
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Polymarket Perps: live order book, 39 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Polymarket Perps live order book, 39 min ago | 736.59 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0959% | 4h | 1,032.8 | +0.078% | $1.3M | $694K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,032.4 | +0.044% | $21.1M | $69.9M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,031.9 | −0.007% | $121.3M | $552.5M | 50x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,032.3 | +0.035% | $29.2M | $104.9M | 50x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,031.6 | −0.042% | $61.5M | $27.5M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,031.9 | −0.008% | $19.6M | $42.1M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,033.1 | +0.108% | $2.6M | $2.7M | — | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,032.8 | +0.075% | $187K | $3.7M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,033.2 | +0.115% | $11K | $5.2M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,031.9 | −0.005% | $119K | $489K | 50x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
OKX MU-USDT-SWAP
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
StandX MU-USD
SunX MU-USDT
HTX MU-USDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps MUUSD | +0.0030% | 1h | 1,031.6 | −0.037% | $3K | $42K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,031.8 | −0.016% | $1.1M | $4.5M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +1.878% | $19K | $5K | 12x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,031.9 | −0.004% | — | $178K | 25x | as long as short |
| Polymarket Perps MU-USDshort | +0.0050% | 1h | 1,031.3 | −0.066% | $167K | $177K | 10x | |
| SoDEX MU-USD | +0.0050% | 1h | 1,031.6 | −0.033% | $677K | $13K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,030.4 | −0.157% | $1.9M | $3.2M | 10x | as long as short |
| QFEX MU-USD | +0.0059% | 1h | 1,031.3 | −0.064% | $7.0M | $19.0M | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,031.6 | −0.036% | $32K | $1K | 10x | as long as short |
| Lighter MU | +0.0088% | 1h | 1,032 | −0.002% | $1.0M | $5.0M | 20x | as long as short |
| Paradex MU-USD-PERP | +0.0090% | 8h | 1,031.2 | −0.075% | $2K | — | 5x | as long as short |
| Bybit MUUSDT | +0.0091% | 8h | 1,032 | +0.001% | $18.7M | $32.6M | 100x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,031.3 | −0.069% | $146K | $227K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,031.4 | −0.061% | $5.2M | $5.1M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,032.8 | +0.078% | $70K | $270K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythoslong | +0.0100% | 8h | 1,032 | long leg | $820 | $799 | 20x | |
| RISEx MU/USDC | +0.0107% | 1h | 1,031.8 | −0.022% | $295K | $373K | 20x | as long as short |
| tradeXYZ xyz:MU | +0.0118% | 1h | 1,031.2 | −0.076% | $174.4M | $77.3M | 10x | as long as short |
| Nado MU-PERP | +0.0119% | 1h | 1,031.1 | −0.083% | $263K | $809K | 10x | as long as short |
| BloFin MU-USDT | +0.0120% | 8h | 1,031.2 | −0.073% | $1.4M | $2.3M | 20x | as long as short |
| Arcus MU-USD | +0.0139% | 1h | 1,030.9 | −0.105% | $89K | $233K | 10x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0152% | 1h | 1,031.6 | −0.033% | $730K | $1.2M | 10x | as long as short |
| Bullet MU-USD | +0.0212% | 1h | 1,032 | 0.000% | $26K | $387K | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0225% | 1h | 1,031.5 | −0.047% | $72K | $636K | 10x | as long as short |
| Phoenix MU | +0.0231% | 1h | 1,033.1 | +0.109% | $529K | $269K | 15x | as long as short |
| Extended MU_24_5-USD | +0.0240% | 1h | 1,031 | −0.095% | $542K | $1.1M | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0356% | 8h | 1,033.3 | +0.132% | $73K | $1.4M | 10x | as long as short |
Aftermath Perps MUUSD
Lighter RH MU
Injective MU/USDC PERP
Vest MU-USD-PERP
SoDEX MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
Aevo MU-PERP
Lighter MU
Paradex MU-USD-PERP
Bybit MUUSDT
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
RISEx MU/USDC
tradeXYZ xyz:MU
Nado MU-PERP
BloFin MU-USDT
Arcus MU-USD
Coinbase International MU-PERP-INTX
Bullet MU-USD
Deribit MU_USDC-PERPETUAL
Phoenix MU
Extended MU_24_5-USD
GRVT MU_USDT_Perp