Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0191%/8h= −21.0% APRpaid last 24h −0.016%

Price spread now: StandX against Bybit−0.086%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$350.346% of the position

Long on Bybit Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.152%−$15 on $10k

Price spread, last 7 days+0.109%+$11 · spread now −0.086%, 7d avg +0.003%

Together, before fees−0.043%+ Points / potential airdropStandX: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and StandX is 0.089% cheaper against Bybit than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.003%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MUUSDT	1,043.5	0.0191	pay 0.0191% / 8h	1h 58m	$19.1M	$32.5M	100x
Short	StandX MU-USD	1,042.6	0	get 0.0000% / 1h	58m 29s	$188K	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX against Bybit. 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 BybitbpFee StandXbpOrdersPrice spread, now −0.086%Rate

Funding earned: −$40.2
Price spread: −0.086% → +0.003%: −$8.9
Slippage, 4 orders: −$15.63
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee StandX: 4 bp × 2 orders: −$8
Net: −$83.72
Costs to cover: 0.346%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; StandX: live order book, 1 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 Bybit live order book, 5 min ago	0.53 bp	9.7 bp −$10	11.3 bp −$113	27.4 bp −$2,738	doesn't fit
Sell StandX live order book, 1 min ago	2.88 bp	8.4 bp −$8	14.7 bp −$147	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	−0.0011%	4h	1,042.9	−0.057%	$1.3M	$674K	10x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,043.2	−0.034%	$30.7M	$104.3M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,043.2	−0.032%	$62.9M	$28.8M	75x	as long as short
StandX MU-USDshort	0.0000%	1h	1,042.6	−0.086%	$188K	$3.3M	20x
SunX MU-USDT	0.0000%	8h	1,045.4	+0.175%	$11K	$6.7M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,043.5	−0.007%	$125K	$441K	50x	as long as short
Aster MUUSD1	+0.0011%	8h	1,043.7	+0.012%	$21.5M	$46.9M	20x	as long as short
Aftermath Perps MUUSD	+0.0029%	1h	1,042.5	−0.103%	$3K	$44K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,043.1	−0.037%	$1.1M	$4.2M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.688%	$14K	$302	12x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MU-USD-PERP	+0.0046%	1h	1,043	−0.051%	—	$193K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,043	−0.051%	$165K	$180K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,042.4	−0.107%	$2.0M	$2.7M	10x	as long as short
QFEX MU-USD	+0.0071%	1h	1,043.4	−0.016%	$7.8M	$24.1M	10x	as long as short
Bitget MUUSDT	+0.0074%	8h	1,043.3	−0.020%	$20.4M	$43.0M	50x	as long as short
Variational Omni MU	+0.0089%	8h	1,042.9	−0.056%	$2.7M	$2.7M	—	as long as short
Pacifica MU	+0.0100%	1h	1,042.9	−0.060%	$154K	$182K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,042.5	−0.101%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,042.4	−0.107%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,043.1	−0.039%	$829	$799	20x	as long as short
Paradex MU-USD-PERP	+0.0109%	8h	1,043.3	−0.023%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0112%	1h	1,043	−0.049%	$33K	—	10x	as long as short
Binance MUUSDT	+0.0116%	8h	1,043.4	−0.011%	$124.8M	$540.5M	50x	as long as short
GRVT MU_USDT_Perp	+0.0178%	8h	1,043	−0.054%	$82K	$1.4M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,043.8	+0.028%	$756K	$1.4M	10x	as long as short
Bybit MUUSDTlong	+0.0191%	8h	1,043.5	long leg	$19.1M	$32.5M	100x
SoDEX MU-USD	+0.0192%	1h	1,043.3	−0.024%	$685K	$16K	10x	as long as short
Nado MU-PERP	+0.0225%	1h	1,042.4	−0.106%	$307K	$845K	10x	as long as short
Phoenix MU	+0.0230%	1h	1,043	−0.051%	$533K	$303K	15x	as long as short
Lighter MU	+0.0232%	1h	1,043.2	−0.034%	$998K	$4.8M	20x	as long as short
BloFin MU-USDT	+0.0232%	8h	1,043.5	−0.002%	$1.5M	$2.1M	20x	as long as short
Bullet MU-USD	+0.0240%	1h	1,043.5	−0.002%	$25K	$400K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0277%	1h	1,043.2	−0.029%	$60K	$237K	10x	as long as short
tradeXYZ xyz:MU	+0.0324%	1h	1,043.1	−0.041%	$176.2M	$107.4M	10x	as long as short
Arcus MU-USD	+0.0435%	1h	1,042.8	−0.066%	$63K	$230K	10x	as long as short
RISEx MU/USDC	+0.0499%	1h	1,043.4	−0.010%	$285K	$333K	20x	as long as short
Extended MU_24_5-USD	+0.0624%	1h	1,042.3	−0.117%	$540K	$1.1M	10x	as long as short