Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: HTX against Polymarket Perps−0.018%7-day average +0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$330.327% of the position

Long on Polymarket Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.102%−$10 on $10k

Price spread, last 4 days (all we have)+0.048%+$5 · spread now −0.018%, 7d avg +0.042%

Together, before fees−0.054%−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and HTX is 0.060% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.042%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MU-USD	1,051.7	0.0050	pay 0.0006% / 1h	11m 53s	$171K	$202K	10x
Short	HTX MU-USDT	1,051.5	0	get 0.0000% / 8h	4h 11m	$131K	$434K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$10.5
Price spread: −0.018% → +0.042%: −$6.03
Slippage, 4 orders: −$12.7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$49.24
Costs to cover: 0.327%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 45 min ago; HTX: 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 Polymarket Perps live order book, 45 min ago	2.38 bp	6.4 bp −$6	7.7 bp −$77	9.6 bp −$956	doesn't fit
Sell HTX live order book, 46 min ago	3.18 bp	10.5 bp −$10	10.5 bp −$105	15.3 bp −$1,532	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	−0.0084%	4h	1,051.4	−0.025%	$1.3M	$673K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,052.5	+0.075%	$21.4M	$55.0M	20x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,052.1	+0.033%	$31.2M	$99.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052	+0.032%	$341K	$354K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,052	+0.029%	$62.3M	$27.5M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,051.7	−0.002%	$81K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,051.5	−0.020%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.1	+0.041%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,051.6	−0.008%	$72K	$443K	10x	as long as short
HTX MU-USDTshort	0.0000%	8h	1,051.5	−0.018%	$131K	$434K	50x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MU	+0.0003%	8h	1,051.8	+0.007%	$2.7M	$2.4M	—	as long as short
Bybit MUUSDT	+0.0021%	8h	1,052.1	+0.038%	$19.1M	$32.3M	100x	as long as short
Aftermath Perps MUUSD	+0.0023%	1h	1,051.9	+0.016%	$3K	$44K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,052	+0.030%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,051.6	−0.014%	$566K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.032%	$19K	$5K	12x	as long as short
QFEX MU-USD	+0.0034%	1h	1,051.7	−0.002%	$7.1M	$17.8M	10x	as long as short
Binance MUUSDT	+0.0039%	8h	1,052.2	+0.046%	$126.6M	$516.5M	50x	as long as short
Arcus MU-USD	+0.0040%	1h	1,051.6	−0.011%	$71K	$234K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053	+0.127%	—	$176K	25x	as long as short
Nado MU-PERP	+0.0047%	1h	1,051.5	−0.019%	$282K	$836K	10x	as long as short
Polymarket Perps MU-USDlong	+0.0050%	1h	1,051.7	long leg	$171K	$202K	10x
SoDEX MU-USD	+0.0050%	1h	1,051.9	+0.017%	$690K	$16K	10x	as long as short
Bullet MU-USD	+0.0050%	1h	1,052	+0.029%	$26K	$395K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051	−0.063%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,051.9	+0.022%	$2K	—	5x	as long as short
Lighter MU	+0.0056%	1h	1,052.1	+0.033%	$1.1M	$5.1M	20x	as long as short
Bitget MUUSDT	+0.0069%	8h	1,052.1	+0.041%	$20.5M	$41.1M	50x	as long as short
tradeXYZ xyz:MU	+0.0071%	1h	1,051.9	+0.019%	$178.8M	$99.0M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,052.9	+0.113%	$759K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0088%	1h	1,051.5	−0.019%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,051.8	+0.010%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,051.9	+0.018%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,051	−0.065%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,051.9	+0.019%	$836	$799	20x	as long as short
BloFin MU-USDT	+0.0161%	8h	1,051.9	+0.017%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0304%	1h	1,052.5	+0.076%	$538K	$271K	15x	as long as short