MU

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.01 per $10,000 · paid last 24h +0.023%

Price spread now: Bullet against Polymarket Perps+0.022%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$270.265% of the position

Long on Polymarket Perps Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.098%+$10 on $10k

Price spread, last 4 days (all we have)+0.040%+$4 · spread now +0.022%, 7d avg +0.056%

Together, before fees+0.139%+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Bullet is 0.034% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.056%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.098%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MU-USD	1,044.8	0.0050	pay 0.0006% / 1h	14m 22s	$170K	$203K	10x
Short	Bullet MU-USD	1,045	0.0038	get 0.0005% / 1h	14m 22s	$25K	$392K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$2.45
Price spread: +0.022% → +0.056%: −$3.37
Slippage, 4 orders: −$10.54
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$32.36
Costs to cover: 0.265%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 37 min ago; Bullet: live order book, 40 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, 37 min ago	2.86 bp	6.9 bp −$7	8.0 bp −$80	9.3 bp −$932	doesn't fit
Sell Bullet live order book, 40 min ago	0.48 bp	6.2 bp −$6	20.5 bp −$205	doesn't fit	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	−0.0649%	4h	1,044.1	−0.065%	$1.3M	$673K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,045	+0.016%	$21.2M	$56.7M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,044.8	+0.004%	$123.8M	$523.2M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,045.1	+0.031%	$18.7M	$31.8M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,044.9	+0.011%	$30.9M	$99.7M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,044.9	+0.011%	$337K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,045	+0.015%	$62.1M	$27.9M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,045.2	+0.033%	$20.5M	$41.6M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,045.2	+0.034%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,045.3	+0.052%	$83K	$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	1,045	+0.021%	$189K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,047.4	+0.253%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,044.8	−0.001%	$130K	$434K	50x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0018%	1h	1,044.6	−0.019%	$73K	$482K	10x	as long as short
Aftermath Perps MUUSD	+0.0023%	1h	1,044.8	+0.001%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,044.6	−0.024%	$7.0M	$18.0M	10x	as long as short
Lighter MU	+0.0032%	1h	1,044.7	−0.006%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,044.6	−0.017%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,044.4	−0.043%	$555K	$1.1M	10x	as long as short
Nado MU-PERP	+0.0033%	1h	1,044.6	−0.016%	$281K	$830K	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.628%	$19K	$5K	12x	as long as short
Bullet MU-USDshort	+0.0038%	1h	1,045	+0.022%	$25K	$392K	10x
Arcus MU-USD	+0.0040%	1h	1,044.5	−0.032%	$70K	$232K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,045.3	+0.046%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,044.7	−0.010%	$177.0M	$95.7M	10x	as long as short
Polymarket Perps MU-USDlong	+0.0050%	1h	1,044.8	long leg	$170K	$203K	10x
SoDEX MU-USD	+0.0050%	1h	1,044.8	−0.002%	$686K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,044.8	−0.003%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,044.1	−0.070%	$1.9M	$2.2M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,044.5	−0.031%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,044.6	−0.019%	$147K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,044.5	−0.029%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.6	+0.077%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,044.7	−0.011%	$831	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,044.6	−0.019%	$749K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,044.9	+0.011%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0305%	1h	1,044.2	−0.057%	$534K	$271K	15x	as long as short