Funding you earn now, next payment 04:00 UTC−0.0070%/8h= −7.7% APRnext payment −$0.09 per $10,000 · paid last 24h −0.043%
Price spread now: Polymarket Perps against Coinbase International−0.124%47s7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as 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−$310.315% of the position
Funding, last 7 days−0.257%−$26 on $10k
+Price spread, last 4 days (all we have)+0.131%+$13 · spread now −0.124%, 7d avg −0.010%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Polymarket Perps is 0.115% cheaper against Coinbase International than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.010%). Swap the legs. 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 | Coinbase International MU-PERP-INTX | 1,044.6 | 0.0120 | pay 0.0015% / 1h | 6m 21s | $749K | $1.2M | 10x |
| Short | Polymarket Perps MU-USD | 1,043.3 | 0.0050 | get 0.0006% / 1h | 6m 21s | $169K | $203K | 10x |
Coinbase International MU-PERP-INTX
Polymarket Perps MU-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Coinbase International. 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
- −$14.7
- Price spread: −0.124% → −0.010%
- −$11.48
- Slippage, 4 orders
- −$13.45
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$57.63
- Costs to cover
- 0.315%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 2 min ago; Polymarket Perps: live order book, 46 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 Coinbase International live order book, 2 min ago | 3.74 bp | 8.7 bp −$9 | 13.0 bp −$130 | 75.0 bp −$7,503 | doesn't fit |
| Sell Polymarket Perps live order book, 46 min ago | 2.86 bp | 7.1 bp −$7 | 8.0 bp −$80 | 9.8 bp −$976 | 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 | −0.0615% | 4h | 1,042.3 | −0.216% | $1.3M | $672K | 10x | as long as short |
| Aster MUUSD1 | 0.0000% | 8h | 1,043.8 | −0.076% | $21.2M | $56.8M | 20x | as long as short |
| Binance MUUSDT | 0.0000% | 8h | 1,043.6 | −0.101% | $123.3M | $525.3M | 50x | as long as short |
| Bybit MUUSDT | 0.0000% | 8h | 1,043.5 | −0.102% | $18.6M | $31.9M | 100x | as long as short |
| OKX MU-USDT-SWAP | 0.0000% | 8h | 1,043.3 | −0.123% | $30.7M | $99.7M | 50x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,043.5 | −0.107% | $337K | $353K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,043.4 | −0.114% | $62.0M | $28.0M | 75x | as long as short |
| Bitget MUUSDT | 0.0000% | 8h | 1,043.6 | −0.096% | $20.5M | $41.6M | 50x | as long as short |
| Variational Omni MU | 0.0000% | 8h | 1,042.5 | −0.197% | $2.7M | $2.4M | — | as long as short |
| GRVT MU_USDT_Perp | 0.0000% | 8h | 1,042.3 | −0.222% | $83K | $1.4M | 10x | as long as short |
edgeX MUUSDC
Aster MUUSD1
Binance MUUSDT
Bybit MUUSDT
OKX MU-USDT-SWAP
RISEx MU/USDC
Gate MU_USDT
Bitget MUUSDT
Variational Omni MU
GRVT MU_USDT_PerpShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX MU-USD | 0.0000% | 1h | 1,041.8 | −0.267% | $188K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,045.4 | +0.076% | $11K | $5.8M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,042.2 | −0.232% | $129K | $435K | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0023% | 1h | 1,042.9 | −0.164% | $3K | $44K | 10x | as long as short |
| Nado MU-PERP | +0.0031% | 1h | 1,042.8 | −0.175% | $281K | $824K | 10x | as long as short |
| QFEX MU-USD | +0.0032% | 1h | 1,043.2 | −0.135% | $7.0M | $18.0M | 10x | as long as short |
| Lighter MU | +0.0032% | 1h | 1,043.2 | −0.137% | $1.1M | $5.1M | 20x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,043.1 | −0.142% | $1.3M | $4.4M | 10x | as long as short |
| Extended MU_24_5-USD | +0.0032% | 1h | 1,042.7 | −0.184% | $555K | $1.1M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | +0.647% | $19K | $5K | 12x | as long as short |
| Bullet MU-USD | +0.0037% | 1h | 1,043.6 | −0.096% | $26K | $392K | 10x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,042.6 | −0.191% | $70K | $232K | 10x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,043.3 | −0.123% | — | $176K | 25x | as long as short |
| tradeXYZ xyz:MU | +0.0050% | 1h | 1,043.3 | −0.124% | $177.4M | $94.9M | 10x | as long as short |
| Polymarket Perps MU-USDshort | +0.0050% | 1h | 1,043.3 | −0.124% | $169K | $203K | 10x | |
| SoDEX MU-USD | +0.0050% | 1h | 1,043 | −0.153% | $684K | $16K | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0050% | 8h | 1,043.4 | −0.113% | $2K | — | 5x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,041.8 | −0.271% | $1.9M | $2.3M | 10x | as long as short |
| Aevo MU-PERP | +0.0080% | 1h | 1,043 | −0.157% | $32K | $1K | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,042.9 | −0.159% | $147K | $185K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,043.2 | −0.132% | $5.2M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,042.1 | −0.237% | $71K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,043.4 | −0.115% | $830 | $799 | 20x | as long as short |
| Coinbase International MU-PERP-INTXlong | +0.0120% | 1h | 1,044.6 | long leg | $749K | $1.2M | 10x | |
| BloFin MU-USDT | +0.0120% | 8h | 1,042.5 | −0.206% | $1.5M | $2.0M | 20x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0201% | 1h | 1,043.5 | −0.105% | $73K | $490K | 10x | as long as short |
| Phoenix MU | +0.0305% | 1h | 1,042.6 | −0.191% | $533K | $271K | 15x | as long as short |
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
Aftermath Perps MUUSD
Nado MU-PERP
QFEX MU-USD
Lighter MU
Lighter RH MU
Extended MU_24_5-USD
Injective MU/USDC PERP
Bullet MU-USD
Arcus MU-USD
Vest MU-USD-PERP
tradeXYZ xyz:MU
SoDEX MU-USD
Paradex MU-USD-PERP
Ondo Perps MU-USD.P
Aevo MU-PERP
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
BloFin MU-USDT
Deribit MU_USDC-PERPETUAL
Phoenix MU