MU

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0334%/8h= +36.6% APRnext payment +$0.42 per $10,000 · paid last 24h +0.028%

Price spread now: Extended against Polymarket Perps−0.016%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$190.192% of the position

Long on Polymarket Perps Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 3 days (all we have)+0.003%$0 · spread now −0.016%, 7d avg +0.006%

Together, before fees+0.084%+ Points / potential airdropExtended: Active · farm board+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.022% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.016% now, against its 7-day average of +0.006%). If the spread goes back, that is −$2 on $10k: about 5 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.081% in total) that is about 45 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.081% in total (about 4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.42 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MU-USD	1,050	0.0050	pay 0.0006% / 1h	24m 11s	$171K	$203K	10x
Short	Extended MU_24_5-USD	1,049.8	0.0384	get 0.0048% / 1h	24m 11s	$570K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.016%Rate

Funding earned: $70.14
Price spread: −0.016% → +0.006%: −$2.16
Slippage, 4 orders: −$6.18
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $48.8
Costs to cover: 0.192%
Break-even: 2.1 days

Slippage from Polymarket Perps: live order book, 48 min ago; Extended: live order book, 4 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, 48 min ago	1.91 bp	6.4 bp −$6	7.7 bp −$77	9.8 bp −$976	doesn't fit
Sell Extended live order book, 4 min ago	0.05 bp	2.6 bp −$3	8.7 bp −$87	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	−0.0576%	4h	1,052.5	+0.241%	$1.3M	$672K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.2	+0.023%	$62.8M	$28.9M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,050.3	+0.031%	$190K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.7	+0.158%	$11K	$6.2M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.2	+0.022%	$129K	$424K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,050.4	+0.042%	$3K	$45K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.2	+0.018%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.130%	$19K	$5K	12x	as long as short
Lighter MU	+0.0040%	1h	1,050.3	+0.030%	$1.1M	$4.8M	20x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.4	+0.136%	—	$179K	25x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MU-USDlong	+0.0050%	1h	1,050	long leg	$171K	$203K	10x
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.7	−0.030%	$1.9M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,050.5	+0.043%	$7.7M	$22.0M	10x	as long as short
Nado MU-PERP	+0.0085%	1h	1,049.7	−0.031%	$274K	$857K	10x	as long as short
Paradex MU-USD-PERP	+0.0092%	8h	1,050.5	+0.047%	$2K	—	5x	as long as short
Pacifica MU	+0.0100%	1h	1,050.6	+0.060%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.2	+0.016%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,052	+0.187%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.5	+0.047%	$835	$799	20x	as long as short
OKX MU-USDT-SWAP	+0.0104%	8h	1,050.4	+0.040%	$30.9M	$101.8M	50x	as long as short
SoDEX MU-USD	+0.0119%	1h	1,050.3	+0.030%	$689K	$16K	10x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,050	+0.001%	$32K	$1K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0169%	1h	1,049.9	−0.007%	$64K	$304K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,048.4	−0.156%	$759K	$1.2M	10x	as long as short
Bybit MUUSDT	+0.0197%	8h	1,050.6	+0.052%	$19.4M	$32.6M	100x	as long as short
Bullet MU-USD	+0.0219%	1h	1,050.5	+0.047%	$26K	$396K	10x	as long as short
Variational Omni MU	+0.0224%	8h	1,051.7	+0.157%	$2.7M	$2.4M	—	as long as short
Aster MUUSD1	+0.0235%	8h	1,050.1	+0.013%	$21.6M	$48.3M	20x	as long as short
Binance MUUSDT	+0.0237%	8h	1,050.5	+0.043%	$126.0M	$522.6M	50x	as long as short
Arcus MU-USD	+0.0240%	1h	1,051.1	+0.103%	$71K	$243K	10x	as long as short
tradeXYZ xyz:MU	+0.0250%	1h	1,050.1	+0.010%	$178.3M	$100.3M	10x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,050.4	+0.041%	$316K	$339K	20x	as long as short
BloFin MU-USDT	+0.0355%	8h	1,051.3	+0.121%	$1.5M	$2.0M	20x	as long as short
Bitget MUUSDT	+0.0377%	8h	1,050.3	+0.029%	$20.6M	$41.6M	50x	as long as short
Phoenix MU	+0.0383%	1h	1,050.2	+0.019%	$537K	$306K	15x	as long as short
Extended MU_24_5-USDshort	+0.0384%	1h	1,049.8	−0.016%	$570K	$1.2M	10x
GRVT MU_USDT_Perp	+0.0551%	8h	1,052.6	+0.245%	$83K	$1.3M	10x	as long as short