Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0136%/8h= +14.9% APRpaid last 24h +0.026%

Price spread now: Extended against Binance−0.085%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$210.213% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 7 days+0.039%+$4 · spread now −0.085%, 7d avg −0.062%

Together, before fees+0.066%+ Points / potential airdropExtended: Active · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.022% cheaper against Binance than usual: you would sell low and buy high (spread −0.085% now, against its 7-day average of −0.062%). If the spread goes back, that is −$2 on $10k: about 13 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.027% in total) that is about 5.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MUUSDT	1,034.2	0	get 0.0000% / 8h	4h 09m	$121.1M	$552.7M	50x
Short	Extended MU_24_5-USD	1,033.4	0.0136	get 0.0017% / 1h	9m 32s	$545K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Binance. 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 BinancebpFee ExtendedbpOrdersPrice spread, now −0.085%Rate

Funding earned: $28.56
Price spread: −0.085% → −0.062%: −$2.24
Slippage, 4 orders: −$6.34
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $4.99
Costs to cover: 0.213%
Break-even: 5.8 days

Slippage from Binance: live order book, 12 min ago; Extended: live order book, 2 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 Binance live order book, 12 min ago	0.05 bp	5.2 bp −$5	7.2 bp −$72	16.1 bp −$1,615	doesn't fit
Sell Extended live order book, 2 min ago	0.14 bp	6.2 bp −$6	12.1 bp −$121	doesn't fit	doesn't fit

MU on 37 exchanges

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	−0.0583%	4h	1,034.9	+0.069%	$1.3M	$694K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,034.6	+0.034%	$21.1M	$74.1M	20x	as long as short
Binance MUUSDTlong	0.0000%	8h	1,034.2	long leg	$121.1M	$552.7M	50x
OKX MU-USDT-SWAP	0.0000%	8h	1,034.2	−0.009%	$29.8M	$106.3M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,034.2	−0.002%	$61.0M	$27.9M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,034.1	−0.014%	$19.8M	$43.1M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,034.1	−0.014%	$2.6M	$2.4M	—	as long as short
StandX MU-USD	0.0000%	1h	1,034.4	+0.012%	$187K	$3.8M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,035.9	+0.156%	$11K	$4.7M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,033.6	−0.066%	$31K	$762K	10x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,034	−0.021%	$119K	$456K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,034	−0.026%	$1.1M	$4.4M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.655%	$19K	$5K	12x	as long as short
Aftermath Perps MUUSD	+0.0038%	1h	1,034.3	+0.007%	$3K	$41K	10x	as long as short
RISEx MU/USDC	+0.0045%	1h	1,034.4	+0.015%	$295K	$330K	20x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,034.5	+0.025%	—	$175K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,033.7	−0.052%	$168K	$173K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,034	−0.026%	$680K	$14K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,033.4	−0.084%	$1.9M	$3.2M	10x	as long as short
QFEX MU-USD	+0.0059%	1h	1,034.2	−0.007%	$7.0M	$19.4M	10x	as long as short
Paradex MU-USD-PERP	+0.0070%	8h	1,034.1	−0.014%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,033.6	−0.062%	$32K	$1K	10x	as long as short
Bybit MUUSDT	+0.0081%	8h	1,034.2	0.000%	$18.7M	$31.5M	100x	as long as short
GRVT MU_USDT_Perp	+0.0098%	8h	1,034.8	+0.051%	$84K	$1.4M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,034.1	−0.015%	$151K	$211K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,033.8	−0.046%	$5.2M	$7.1M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,033.9	−0.031%	$70K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,034	−0.021%	$822	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,034.8	+0.058%	$1.5M	$2.8M	20x	as long as short
Extended MU_24_5-USDshort	+0.0136%	1h	1,033.4	−0.085%	$545K	$1.1M	10x
Coinbase International MU-PERP-INTX	+0.0136%	1h	1,036	+0.165%	$726K	$1.2M	10x	as long as short
Nado MU-PERP	+0.0142%	1h	1,033.5	−0.071%	$275K	$831K	10x	as long as short
tradeXYZ xyz:MU	+0.0147%	1h	1,034	−0.023%	$176.0M	$70.8M	10x	as long as short
Lighter MU	+0.0160%	1h	1,034.1	−0.010%	$1.0M	$5.0M	20x	as long as short
Arcus MU-USD	+0.0186%	1h	1,033.8	−0.043%	$90K	$166K	10x	as long as short
Bullet MU-USD	+0.0253%	1h	1,034.2	−0.003%	$25K	$385K	10x	as long as short
Phoenix MU	+0.0461%	1h	1,034.9	+0.064%	$530K	$159K	15x	as long as short