Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: KuCoin against Polymarket Perps+0.051%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$410.410% of the position

Long on Polymarket Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 on $10k

Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.051%, 7d avg +0.006%

Together, before fees+0.049%+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.045% dearer against Polymarket Perps than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MU-USD	1,040.2	0.0050	pay 0.0006% / 1h	10m 07s	$169K	$203K	10x
Short	KuCoin MUUSDTM	1,040.7	0.0100	get 0.0100% / 8h	2h 10m	$5.2M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.051%Rate

Funding earned: $10.5
Price spread: +0.051% → +0.006%: $4.54
Slippage, 4 orders: −$21.03
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$25.99
Costs to cover: 0.410%
Break-even: 24.3 days

Slippage from Polymarket Perps: live order book, 37 min ago; KuCoin: live order book, 3 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	2.40 bp	6.4 bp −$6	8.0 bp −$80	9.7 bp −$974	doesn't fit
Sell KuCoin live order book, 3 min ago	2.98 bp	15.5 bp −$15	28.1 bp −$281	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	−0.0148%	4h	1,038.9	−0.124%	$1.3M	$671K	10x	as long as short
Bitget MUUSDT	−0.0145%	8h	1,041	+0.076%	$20.3M	$41.2M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,041.5	+0.121%	$21.2M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,041.4	+0.117%	$122.2M	$535.6M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,041.6	+0.131%	$18.7M	$32.1M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,041.4	+0.119%	$30.0M	$101.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,040.6	+0.042%	$316K	$382K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,040.9	+0.063%	$61.6M	$28.6M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,040.3	+0.010%	$2.5M	$2.5M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,037.3	−0.275%	$84K	$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	1,041	+0.074%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,042.1	+0.184%	$11K	$5.7M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,040.4	+0.019%	$127K	$438K	50x	as long as short
Aftermath Perps MUUSD	+0.0015%	1h	1,038.1	−0.198%	$3K	$44K	10x	as long as short
Nado MU-PERP	+0.0022%	1h	1,040	−0.020%	$277K	$817K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,040.2	+0.004%	$7.0M	$18.2M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,041.1	+0.084%	$1.2M	$4.6M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,040.3	+0.012%	$538K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.073%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0037%	1h	1,040.6	+0.038%	$26K	$389K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,038.9	−0.127%	$70K	$231K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,040.4	+0.022%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,041	+0.077%	$177.0M	$92.0M	10x	as long as short
Polymarket Perps MU-USDlong	+0.0050%	1h	1,040.2	long leg	$169K	$203K	10x
SoDEX MU-USD	+0.0050%	1h	1,040.6	+0.039%	$683K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,039.7	−0.053%	$1.9M	$2.5M	10x	as long as short
Paradex MU-USD-PERP	+0.0054%	8h	1,040.7	+0.044%	$2K	—	5x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0058%	1h	1,040.5	+0.024%	$74K	$529K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,040.4	+0.019%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,039.9	−0.028%	$148K	$189K	10x	as long as short
KuCoin MUUSDTMshort	+0.0100%	8h	1,040.7	+0.051%	$5.2M	$3.8M	20x
ApeX Omni MUUSDT	+0.0100%	1h	1,039.5	−0.064%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,040.8	+0.054%	$827	$799	20x	as long as short
Lighter MU	+0.0104%	1h	1,040.8	+0.058%	$1.0M	$5.0M	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,040.8	+0.056%	$1.5M	$2.1M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,036	−0.407%	$731K	$1.3M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,039	−0.115%	$531K	$270K	15x	as long as short