Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h −0.022%

Price spread now: Injective against Binance+1.443%57s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.166%−$17 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 1.443% dearer against Binance than usual: you sell high and buy low: +$144 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.166%, so the current rate has only just turned in your favour. The two prices were read 57 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	Binance MUUSDT	1,036.4	0	get 0.0000% / 8h	1h 32m	$121.4M	$537.3M	50x
Short	Injective MU/USDC PERP	1,051.4	0.0033	get 0.0004% / 1h	32m 19s	$19K	$5K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.443%Rate

Funding earned: $7
Price spread: +1.443% → 0.000%: $144.32
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $141.3
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Binance: live order book, 12 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 Binance live order book, 12 min ago	0.05 bp	5.9 bp −$6	7.5 bp −$75	17.4 bp −$1,742	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	−0.0833%	4h	1,036.3	−0.013%	$1.3M	$672K	10x	as long as short
Bitget MUUSDT	−0.0214%	8h	1,037.1	+0.063%	$20.2M	$40.3M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,036.8	+0.035%	$21.1M	$58.8M	20x	as long as short
Binance MUUSDTlong	0.0000%	8h	1,036.4	long leg	$121.4M	$537.3M	50x
Bybit MUUSDT	0.0000%	8h	1,036.6	+0.017%	$18.5M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,036.3	−0.010%	$29.8M	$99.9M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,036.5	+0.008%	$314K	$387K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,036.3	−0.012%	$61.8M	$28.5M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,036.2	−0.024%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,036.4	−0.002%	$73K	$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	1,037	+0.059%	$187K	$3.5M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,036.5	+0.009%	$26K	$389K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,038.4	+0.191%	$11K	$5.6M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,036.5	+0.007%	$74K	$559K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,036.6	+0.015%	$127K	$441K	50x	as long as short
Nado MU-PERP	+0.0004%	1h	1,036.2	−0.015%	$277K	$815K	10x	as long as short
Aftermath Perps MUUSD	+0.0015%	1h	1,036	−0.040%	$3K	$44K	10x	as long as short
Lighter MU	+0.0032%	1h	1,036.8	+0.040%	$1.1M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,036.5	+0.011%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,036.2	−0.021%	$540K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,036.5	+0.009%	$7.0M	$18.6M	10x	as long as short
Injective MU/USDC PERPshort	+0.0033%	1h	1,051.4	+1.443%	$19K	$5K	12x
Arcus MU-USD	+0.0040%	1h	1,036.3	−0.013%	$70K	$230K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,036.5	+0.009%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,036.3	−0.010%	$176.0M	$88.0M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,036.2	−0.020%	$168K	$195K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,036.7	+0.024%	$680K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,036	−0.044%	$1.8M	$2.6M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,036.6	+0.020%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,036.2	−0.016%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,036.6	+0.018%	$147K	$190K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,036.2	−0.019%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,036.6	+0.014%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,036.3	−0.009%	$824	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0104%	1h	1,036	−0.037%	$731K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,037.1	+0.065%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,035.9	−0.049%	$530K	$270K	15x	as long as short