Funding you earn now, next payment 23:00 UTC−0.0017%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h −0.011%
Price spread now: Injective against Polymarket Perps+0.672%111s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.134%−$13 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Injective is 0.672% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.672% now, against zero (this spread has no 7-day history yet)): +$67 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4 months. At the pace of the last 7 days (−0.134% in total) that is about 35 days. The two prices were read 111 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 | Polymarket Perps MU-USD | 1,043.7 | 0.0050 | pay 0.0006% / 1h | 23m 34s | $165K | $192K | 10x |
| Short | Injective MU/USDC PERP | 1,050.7 | 0.0033 | get 0.0004% / 1h | 23m 34s | $14K | $302 | 12x |
Polymarket Perps MU-USD
Injective MU/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$3.5
- Price spread: +0.672% → 0.000%
- $67.16
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $55.64
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: Polymarket Perps: live order book, 58 min ago; Injective: no order-book sample. Net counts fees only.
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, 58 min ago | 1.44 bp | 5.4 bp −$5 | 8.0 bp −$80 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0927% | 4h | 1,044.3 | +0.058% | $1.3M | $672K | 10x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,044 | +0.031% | $62.9M | $29.0M | 75x | as long as short |
| StandX MU-USD | 0.0000% | 1h | 1,043.3 | −0.039% | $189K | $3.3M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,046.6 | +0.274% | $11K | $6.6M | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,044 | +0.024% | $125K | $441K | 50x | as long as short |
| OKX MU-USDT-SWAP | +0.0030% | 8h | 1,044.1 | +0.034% | $30.8M | $104.9M | 50x | as long as short |
| Aftermath Perps MUUSD | +0.0031% | 1h | 1,044 | +0.030% | $3K | $45K | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,043.8 | +0.011% | $1.2M | $4.2M | 10x | as long as short |
| Injective MU/USDC PERPshort | +0.0033% | 1h | 1,050.7 | +0.672% | $14K | $302 | 12x | |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,043.6 | −0.013% | — | $194K | 25x | as long as short |
edgeX MUUSDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
HTX MU-USDT
OKX MU-USDT-SWAP
Aftermath Perps MUUSD
Lighter RH MU
Vest MU-USD-PERPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MU-USDlong | +0.0050% | 1h | 1,043.7 | long leg | $165K | $192K | 10x | |
| SoDEX MU-USD | +0.0050% | 1h | 1,044.2 | +0.044% | $685K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,043.1 | −0.062% | $2.0M | $2.7M | 10x | as long as short |
| QFEX MU-USD | +0.0071% | 1h | 1,043.9 | +0.020% | $7.8M | $24.2M | 10x | as long as short |
| Aster MUUSD1 | +0.0081% | 8h | 1,044.6 | +0.086% | $21.5M | $47.4M | 20x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,043.6 | −0.011% | $154K | $181K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,043.6 | −0.012% | $5.2M | $4.0M | 20x | as long as short |
| Bitget MUUSDT | +0.0100% | 8h | 1,044 | +0.028% | $20.4M | $43.0M | 50x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,044.9 | +0.110% | $71K | $266K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,044.4 | +0.064% | $830 | $799 | 20x | as long as short |
| Aevo MU-PERP | +0.0120% | 1h | 1,044 | +0.031% | $33K | — | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0133% | 8h | 1,043.9 | +0.022% | $2K | — | 5x | as long as short |
| Variational Omni MU | +0.0135% | 8h | 1,044.2 | +0.046% | $2.6M | $2.7M | — | as long as short |
| Binance MUUSDT | +0.0157% | 8h | 1,044.2 | +0.048% | $124.9M | $535.9M | 50x | as long as short |
| Coinbase International MU-PERP-INTX | +0.0184% | 1h | 1,043.9 | +0.019% | $756K | $1.4M | 10x | as long as short |
| Lighter MU | +0.0192% | 1h | 1,044 | +0.027% | $1.0M | $4.8M | 20x | as long as short |
| Nado MU-PERP | +0.0212% | 1h | 1,043 | −0.063% | $266K | $868K | 10x | as long as short |
| GRVT MU_USDT_Perp | +0.0215% | 8h | 1,044.5 | +0.076% | $82K | $1.4M | 10x | as long as short |
| Bybit MUUSDT | +0.0240% | 8h | 1,044.3 | +0.060% | $19.2M | $32.6M | 100x | as long as short |
| Bullet MU-USD | +0.0269% | 1h | 1,044.1 | +0.041% | $26K | $397K | 10x | as long as short |
| BloFin MU-USDT | +0.0273% | 8h | 1,044.6 | +0.088% | $1.4M | $2.0M | 20x | as long as short |
| tradeXYZ xyz:MU | +0.0323% | 1h | 1,043.8 | +0.010% | $176.3M | $106.7M | 10x | as long as short |
| Phoenix MU | +0.0383% | 1h | 1,044.4 | +0.067% | $534K | $306K | 15x | as long as short |
| Arcus MU-USD | +0.0435% | 1h | 1,043.6 | −0.010% | $73K | $241K | 10x | as long as short |
| RISEx MU/USDC | +0.0499% | 1h | 1,044.5 | +0.075% | $295K | $338K | 20x | as long as short |
| Deribit MU_USDC-PERPETUAL | +0.0642% | 1h | 1,044.1 | +0.035% | $61K | $247K | 10x | as long as short |
| Extended MU_24_5-USD | +0.0664% | 1h | 1,043 | −0.066% | $541K | $1.1M | 10x | as long as short |
SoDEX MU-USD
Ondo Perps MU-USD.P
QFEX MU-USD
Aster MUUSD1
Pacifica MU
KuCoin MUUSDTM
Bitget MUUSDT
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Aevo MU-PERP
Paradex MU-USD-PERP
Variational Omni MU
Binance MUUSDT
Coinbase International MU-PERP-INTX
Lighter MU
Nado MU-PERP
GRVT MU_USDT_Perp
Bybit MUUSDT
Bullet MU-USD
BloFin MU-USDT
tradeXYZ xyz:MU
Phoenix MU
Arcus MU-USD
RISEx MU/USDC
Deribit MU_USDC-PERPETUAL
Extended MU_24_5-USD