data as of
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Funding arb /

MU

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 14:00 UTC−0.0179%/8h
next payment, per $10,000−$0.22paid, last 24h−0.035%paid, last 7 days−0.332%to open and close $10k−$38
Long on PhoenixShort on Polymarket Perps
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix MU1,040.10.0229pay 0.0029% / 1h22m 49s$527K$187K15x
ShortPolymarket Perps MU-USD1,040.20.0050get 0.0006% / 1h22m 49s$166K$170K10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$37.62
Slippage, 4 orders
−$23.47
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$76.09
Break-even
never at this rate
Slippage from Phoenix: live order book, 32 min ago; Polymarket Perps: live order book, 31 min ago.

Price risk

price view
Price gap now
+0.010%
Avg gap 7d
−0.060%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix live order book, 32 min ago2.88 bp11.3 bp −$1124.2 bp −$242doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 31 min ago3.84 bp8.1 bp −$88.7 bp −$879.6 bp −$963doesn't fit

MU on 36 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective MU/USDC PERP−0.0220%1h$14K$225K12xas long as short
Aster MUUSD10.0000%8h$21.4M$9.0M20xas long as short
Bybit MUUSDT0.0000%8h$18.7M$27.4M100xas long as short
OKX MU-USDT-SWAP0.0000%8h$30.8M$83.9M50xas long as short
Gate MU_USDT0.0000%8h$66.5M$23.0M75xas long as short
StandX MU-USD0.0000%1h$188K$1.1M20xas long as short
SunX MU-USDT0.0000%8h$11K$5.5M10xas long as short
HTX MU-USDT0.0000%8h$129K$424K50xas long as short
Deribit MU_USDC-PERPETUAL+0.0010%1h$53K$76K10xas long as short
Variational Omni MU+0.0021%8h$2.7M$2.6M—as long as short
Show all 36 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Lighter RH MU+0.0032%1h$1.2M$4.1M10xas long as short
Extended MU_24_5-USD+0.0032%1h$513K$921K10xas long as short
QFEX MU-USD+0.0036%1h$7.8M$22.0M10xas long as short
Arcus MU-USD+0.0040%1h$65K$172K10xas long as short
Vest MU-USD-PERP+0.0046%1h—$150K25xas long as short
Binance MUUSDT+0.0047%8h$130.9M$404.4M50xas long as short
tradeXYZ xyz:MU+0.0050%1h$175.2M$89.4M10xas long as short
Polymarket Perps MU-USDshort+0.0050%1h$166K$170K10x
SoDEX MU-USD+0.0050%1h$690K$9K10xas long as short
Ondo Perps MU-USD.P+0.0050%1h$2.0M$2.3M10xas long as short
Lighter MU+0.0072%1h$975K$4.3M20xas long as short
Paradex MU-USD-PERP+0.0072%8h$2K—5xas long as short
RISEx MU/USDC+0.0077%1h$282K$298K20xas long as short
Aevo MU-PERP+0.0096%1h$33K—10xas long as short
Pacifica MU+0.0100%1h$157K$95K10xas long as short
KuCoin MUUSDTM+0.0100%8h$5.2M$3.4M20xas long as short
ApeX Omni MUUSDT+0.0100%1h$70K$267K50xas long as short
Orderly PERP_MU_USDC_mythos+0.0100%8h$828$79920xas long as short
Bitget MUUSDT+0.0104%8h$20.5M$34.0M50xas long as short
BloFin MU-USDT+0.0167%8h$1.5M$1.3M20xas long as short
Nado MU-PERP+0.0170%1h$284K$662K10xas long as short
edgeX MUUSDC+0.0176%4h$1.3M$668K10xas long as short
Coinbase International MU-PERP-INTX+0.0192%1h$822K$1.3M10xas long as short
Bullet MU-USD+0.0196%1h$25K$398K10xas long as short
Aftermath Perps MUUSD+0.0217%1h$3K$43K10xas long as short
Phoenix MUlong+0.0229%1h$527K$187K15x