Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0983%/8h= +107.7% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against edgeX−0.116%64s7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as 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 edgeX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.741%−$74 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now −0.116%, 7d avg −0.036%

Together, before fees−0.697%+ Points / potential airdropedgeX: Active · farm board−$70 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.080% cheaper against edgeX than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of −0.036%). If the spread goes back, that is −$8 on $10k: about 7 hours of funding at the current rate (+$29 a day). Mind the row above: over the last 7 days funding on this pair cost −0.741%, so the current rate has only just turned in your favour. The two prices were read 64 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	edgeX MUUSDC	1,048.6	−0.0933	get 0.0467% / 4h	3h 44m	$1.3M	$673K	10x
Short	Polymarket Perps MU-USD	1,047.4	0.0050	get 0.0006% / 1h	44m 15s	$170K	$202K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against edgeX. 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 edgeXbpFee Polymarket PerpsbpOrdersPrice spread, now −0.116%Rate

Funding earned: $206.47
Price spread: −0.116% → −0.036%: −$8.03
Slippage, 4 orders: −$6.96
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $174.48
Costs to cover: 0.240%
Break-even: 1.1 days

Slippage from edgeX: live order book, 5 min ago; Polymarket Perps: live order book, 8 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 edgeX live order book, 5 min ago	0.38 bp	5.1 bp −$5	7.0 bp −$70	29.0 bp −$2,903	doesn't fit
Sell Polymarket Perps live order book, 8 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 MUUSDClong	−0.0933%	4h	1,048.6	long leg	$1.3M	$673K	10x
Aster MUUSD1	0.0000%	8h	1,048.3	−0.034%	$21.3M	$55.9M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,047.6	−0.093%	$125.5M	$517.9M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,047.7	−0.090%	$19.0M	$31.9M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,047.7	−0.089%	$31.1M	$99.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,048	−0.061%	$338K	$354K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,047.7	−0.091%	$62.3M	$27.6M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,047.8	−0.077%	$20.5M	$41.3M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,048.6	−0.004%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,048	−0.061%	$82K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,048.5	−0.015%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,048.5	−0.013%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,047.8	−0.083%	$130K	$431K	50x	as long as short
BloFin MU-USDT	+0.0003%	8h	1,048.3	−0.035%	$1.5M	$2.0M	20x	as long as short
Aftermath Perps MUUSD	+0.0024%	1h	1,048	−0.055%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,047.4	−0.112%	$7.1M	$17.8M	10x	as long as short
Lighter MU	+0.0032%	1h	1,047.2	−0.139%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,047.1	−0.143%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,047.2	−0.140%	$553K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.262%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,048.1	−0.049%	$71K	$233K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,048.4	−0.024%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,047.3	−0.125%	$177.6M	$97.4M	10x	as long as short
Polymarket Perps MU-USDshort	+0.0050%	1h	1,047.4	−0.116%	$170K	$202K	10x
SoDEX MU-USD	+0.0050%	1h	1,047.6	−0.094%	$688K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,047.4	−0.114%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,047.9	−0.064%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0054%	1h	1,047.7	−0.087%	$282K	$830K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0056%	1h	1,047.5	−0.108%	$73K	$464K	10x	as long as short
Bullet MU-USD	+0.0061%	1h	1,047.9	−0.070%	$26K	$394K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,047.3	−0.125%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,047.8	−0.076%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,047.7	−0.086%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,048.1	−0.051%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,047.9	−0.073%	$833	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,050	+0.135%	$757K	$1.2M	10x	as long as short
Phoenix MU	+0.0305%	1h	1,048.5	−0.011%	$536K	$271K	15x	as long as short