Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0018%/8h= +1.9% APRpaid last 24h +0.015%

Price spread now: Binance against Polymarket Perps+0.047%46s7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as 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−$240.240% of the position

Long on Polymarket Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)+0.291%+$29 · spread now +0.047%, 7d avg +0.039%

Together, before fees+0.348%+$35 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.039%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 46 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	Polymarket Perps MU-USD	1,051.8	0.0050	pay 0.0006% / 1h	36m 43s	$171K	$202K	10x
Short	Binance MUUSDT	1,052.3	0.0068	get 0.0068% / 8h	4h 36m	$126.8M	$517.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Polymarket Perps. 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 Polymarket PerpsbpFee BinancebpOrdersPrice spread, now +0.047%Rate

Funding earned: $3.7
Price spread: +0.047% → +0.039%: $0.78
Slippage, 4 orders: −$6.03
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$19.55
Costs to cover: 0.240%
Break-even: 44.0 days

Slippage from Polymarket Perps: live order book, 20 min ago; Binance: live order book, 7 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 Polymarket Perps live order book, 20 min ago	2.38 bp	6.4 bp −$6	7.7 bp −$77	9.6 bp −$956	doesn't fit
Sell Binance live order book, 7 min ago	0.05 bp	5.7 bp −$6	6.9 bp −$69	13.7 bp −$1,372	doesn't fit

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	−0.0053%	4h	1,052.1	+0.032%	$1.3M	$671K	10x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,052.2	+0.041%	$31.2M	$99.8M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.3	+0.049%	$333K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,052.1	+0.030%	$62.3M	$27.4M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.6	+0.072%	$82K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,051.7	−0.009%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,053.9	+0.200%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,052.3	+0.047%	$131K	$436K	50x	as long as short
Aster MUUSD1	+0.0004%	8h	1,052.1	+0.028%	$21.4M	$55.0M	20x	as long as short
Aftermath Perps MUUSD	+0.0018%	1h	1,052.3	+0.044%	$3K	$45K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MUUSDT	+0.0023%	8h	1,052.6	+0.072%	$19.1M	$32.3M	100x	as long as short
Lighter RH MU	+0.0032%	1h	1,052.1	+0.029%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,051.7	−0.010%	$564K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.042%	$19K	$5K	12x	as long as short
QFEX MU-USD	+0.0034%	1h	1,052	+0.017%	$7.2M	$17.9M	10x	as long as short
Variational Omni MU	+0.0036%	8h	1,052.5	+0.065%	$2.7M	$2.4M	—	as long as short
Bullet MU-USD	+0.0038%	1h	1,052.2	+0.036%	$25K	$398K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,052	+0.017%	$71K	$234K	10x	as long as short
Nado MU-PERP	+0.0043%	1h	1,051.6	−0.015%	$282K	$842K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.1	+0.119%	—	$176K	25x	as long as short
Lighter MU	+0.0048%	1h	1,052.1	+0.032%	$1.1M	$5.1M	20x	as long as short
Polymarket Perps MU-USDlong	+0.0050%	1h	1,051.8	long leg	$171K	$202K	10x
SoDEX MU-USD	+0.0050%	1h	1,052.1	+0.024%	$690K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.6	−0.024%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,052.3	+0.046%	$2K	—	5x	as long as short
Binance MUUSDTshort	+0.0068%	8h	1,052.3	+0.047%	$126.8M	$517.1M	50x
tradeXYZ xyz:MU	+0.0078%	1h	1,052	+0.019%	$178.8M	$99.0M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,052.1	+0.031%	$758K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0096%	1h	1,051.8	−0.003%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,052.3	+0.046%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,051.9	+0.006%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,052.3	+0.051%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.1	+0.027%	$836	$799	20x	as long as short
Bitget MUUSDT	+0.0116%	8h	1,052.3	+0.048%	$20.6M	$41.1M	50x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0149%	1h	1,052	+0.016%	$69K	$419K	10x	as long as short
BloFin MU-USDT	+0.0188%	8h	1,052.3	+0.047%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0304%	1h	1,052.6	+0.076%	$538K	$271K	15x	as long as short