Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against SunX−0.096%7-day average −0.190% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$730.728% of the position

Long on SunX Short on Polymarket Perps

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.043%−$4 · spread now −0.096%, 7d avg −0.190%

Together, before fees+0.059%+$6 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 Polymarket Perps is 0.094% dearer against SunX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.190%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MU-USDT	1,049.4	0	get 0.0000% / 8h	6h 39m	$11K	$6.1M	10x
Short	Polymarket Perps MU-USD	1,048.4	0.0050	get 0.0006% / 1h	39m 45s	$170K	$203K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against SunX. 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 SunXbpFee Polymarket PerpsbpOrdersPrice spread, now −0.096%Rate

Funding earned: $10.5
Price spread: −0.096% → −0.190%: $9.37
Slippage, 4 orders: −$56.78
Fee SunX: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$52.91
Costs to cover: 0.728%
Break-even: 42.3 days

Slippage from SunX: live order book, 9 min ago; Polymarket Perps: live order book, 27 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 SunX live order book, 9 min ago	21.56 bp	25.6 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 27 min ago	2.86 bp	7.6 bp −$8	8.1 bp −$81	10.1 bp −$1,006	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	−0.0658%	4h	1,049.1	−0.030%	$1.3M	$670K	10x	as long as short
Nado MU-PERP	−0.0003%	1h	1,048.7	−0.072%	$273K	$858K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,048.4	−0.096%	$62.1M	$27.6M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,048.9	−0.046%	$190K	$3.4M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,048.6	−0.077%	$26K	$396K	10x	as long as short
SunX MU-USDTlong	0.0000%	8h	1,049.4	long leg	$11K	$6.1M	10x
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,048	−0.131%	$65K	$326K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,048.6	−0.077%	$129K	$429K	50x	as long as short
Bybit MUUSDT	+0.0011%	8h	1,048.8	−0.062%	$19.2M	$32.7M	100x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,048.9	−0.049%	$3K	$45K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MU	+0.0032%	1h	1,048.3	−0.105%	$1.1M	$4.8M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,048.4	−0.098%	$1.1M	$4.1M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,048.1	−0.122%	$566K	$1.2M	10x	as long as short
QFEX MU-USD	+0.0040%	1h	1,048.7	−0.071%	$7.5M	$20.1M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,048.8	−0.062%	$71K	$242K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,049.7	+0.027%	—	$176K	25x	as long as short
Polymarket Perps MU-USDshort	+0.0050%	1h	1,048.4	−0.096%	$170K	$203K	10x
SoDEX MU-USD	+0.0050%	1h	1,048.5	−0.090%	$688K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,047.9	−0.147%	$1.9M	$2.4M	10x	as long as short
tradeXYZ xyz:MU	+0.0059%	1h	1,048.4	−0.096%	$178.0M	$99.9M	10x	as long as short
Paradex MU-USD-PERP	+0.0069%	8h	1,048.6	−0.079%	$2K	—	5x	as long as short
OKX MU-USDT-SWAP	+0.0074%	8h	1,048.5	−0.091%	$30.8M	$100.6M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,048.5	−0.086%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,048.6	−0.082%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,048.5	−0.090%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,048.5	−0.088%	$834	$799	20x	as long as short
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.186%	$19K	$5K	12x	as long as short
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,048.1	−0.127%	$759K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,048.2	−0.117%	$32K	$1K	10x	as long as short
Aster MUUSD1	+0.0210%	8h	1,048.9	−0.052%	$21.6M	$49.9M	20x	as long as short
Variational Omni MU	+0.0219%	8h	1,049	−0.035%	$2.7M	$2.4M	—	as long as short
Binance MUUSDT	+0.0227%	8h	1,048.6	−0.076%	$126.3M	$524.7M	50x	as long as short
GRVT MU_USDT_Perp	+0.0233%	8h	1,049.7	+0.032%	$81K	$1.3M	10x	as long as short
Bitget MUUSDT	+0.0298%	8h	1,048.6	−0.080%	$20.3M	$41.9M	50x	as long as short
Phoenix MU	+0.0304%	1h	1,049.3	−0.010%	$537K	$273K	15x	as long as short
BloFin MU-USDT	+0.0368%	8h	1,049.8	+0.038%	$1.5M	$2.0M	20x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,048.6	−0.075%	$333K	$348K	20x	as long as short