Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0338%/8h= +37.0% APRpaid last 24h +0.050%

Price spread now: BloFin against Polymarket Perps+0.076%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs+$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$270.273% of the position

Long on Polymarket Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.301%+$30 on $10k

Price spread, last 3 days (all we have)−0.062%−$6 · spread now +0.076%, 7d avg +0.056%

Together, before fees+0.239%+$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.056%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MU-USD	1,048.8	0.0050	pay 0.0006% / 1h	56m 34s	$170K	$203K	10x
Short	BloFin MU-USDT	1,049.6	0.0388	get 0.0388% / 8h	6h 56m	$1.5M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.076%Rate

Funding earned: $71.02
Price spread: +0.076% → +0.056%: $2
Slippage, 4 orders: −$7.32
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $45.7
Costs to cover: 0.273%
Break-even: 2.5 days

Slippage from Polymarket Perps: live order book, 10 min ago; BloFin: live order book, 6 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, 10 min ago	2.86 bp	6.9 bp −$7	7.6 bp −$76	9.4 bp −$943	doesn't fit
Sell BloFin live order book, 6 min ago	0.33 bp	6.5 bp −$7	7.7 bp −$77	12.3 bp −$1,227	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	−0.0855%	4h	1,050.5	+0.158%	$1.3M	$670K	10x	as long as short
Nado MU-PERP	−0.0014%	1h	1,048.9	+0.009%	$271K	$859K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,048.6	−0.015%	$62.3M	$27.3M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,049.5	+0.068%	$190K	$3.3M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,049.1	+0.029%	$26K	$397K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,050.1	+0.122%	$11K	$6.1M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,048.7	−0.010%	$65K	$315K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,048.7	−0.007%	$129K	$424K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,050	+0.112%	$3K	$45K	10x	as long as short
Lighter MU	+0.0032%	1h	1,048.5	−0.030%	$1.1M	$4.8M	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH MU	+0.0032%	1h	1,048.5	−0.031%	$1.2M	$4.1M	10x	as long as short
QFEX MU-USD	+0.0040%	1h	1,048.3	−0.045%	$7.5M	$20.9M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,049.6	+0.078%	$71K	$242K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,050.2	+0.136%	—	$179K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,048.4	−0.038%	$177.9M	$100.3M	10x	as long as short
Polymarket Perps MU-USDlong	+0.0050%	1h	1,048.8	long leg	$170K	$203K	10x
SoDEX MU-USD	+0.0050%	1h	1,049	+0.020%	$688K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.1	+0.026%	$1.9M	$2.4M	10x	as long as short
Paradex MU-USD-PERP	+0.0078%	8h	1,048.5	−0.031%	$2K	—	5x	as long as short
OKX MU-USDT-SWAP	+0.0096%	8h	1,048.6	−0.024%	$30.9M	$101.3M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,048.8	−0.001%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,048.8	−0.003%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.4	+0.151%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,049.2	+0.039%	$834	$799	20x	as long as short
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.244%	$19K	$5K	12x	as long as short
Bybit MUUSDT	+0.0113%	8h	1,048.9	+0.009%	$19.3M	$32.7M	100x	as long as short
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,049.6	+0.074%	$761K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0152%	1h	1,048.7	−0.007%	$32K	$1K	10x	as long as short
Extended MU_24_5-USD	+0.0184%	1h	1,048.1	−0.066%	$563K	$1.2M	10x	as long as short
Variational Omni MU	+0.0260%	8h	1,050.4	+0.149%	$2.7M	$2.4M	—	as long as short
Aster MUUSD1	+0.0262%	8h	1,049.4	+0.055%	$21.6M	$49.1M	20x	as long as short
Binance MUUSDT	+0.0266%	8h	1,048.7	−0.009%	$125.8M	$523.1M	50x	as long as short
Phoenix MU	+0.0383%	1h	1,050.9	+0.200%	$538K	$273K	15x	as long as short
Bitget MUUSDT	+0.0386%	8h	1,048.9	+0.009%	$20.5M	$41.6M	50x	as long as short
BloFin MU-USDTshort	+0.0388%	8h	1,049.6	+0.076%	$1.5M	$2.0M	20x
RISEx MU/USDC	+0.0507%	1h	1,048.7	−0.012%	$315K	$340K	20x	as long as short
GRVT MU_USDT_Perp	+0.0514%	8h	1,050.4	+0.153%	$83K	$1.3M	10x	as long as short