Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.032%

Price spread now: Orderly against Coinbase International+0.018%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MU-PERP-INTX	1,051.9	0.0096	pay 0.0012% / 1h	11m 14s	$758K	$1.2M	10x
Short	Orderly PERP_MU_USDC_mythos	1,052.1	0.0100	get 0.0100% / 8h	5h 11m	$836	$799	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Coinbase International. 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 Coinbase InternationalbpFee OrderlybpOrdersPrice spread, now +0.018%Rate

Funding earned: $0.84
Price spread: +0.018% → 0.000%: $1.81
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$13.35
Costs to cover: 0.160%
Break-even: 118.3 days

Slippage unknown: Coinbase International: live order book, 2 min ago; Orderly: 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 Coinbase International live order book, 2 min ago	4.51 bp	9.6 bp −$10	13.7 bp −$137	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.0275%	4h	1,051.8	−0.009%	$1.3M	$671K	10x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.3	+0.036%	$333K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,051.9	0.000%	$62.0M	$27.6M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.2	+0.027%	$85K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,051.9	−0.001%	$190K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,053.9	+0.190%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,051.8	−0.013%	$68K	$386K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,052	+0.006%	$130K	$430K	50x	as long as short
Bybit MUUSDT	+0.0006%	8h	1,052.6	+0.060%	$19.2M	$32.3M	100x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,051.1	−0.077%	$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
OKX MU-USDT-SWAP	+0.0019%	8h	1,052.3	+0.034%	$31.1M	$99.9M	50x	as long as short
QFEX MU-USD	+0.0030%	1h	1,051.8	−0.010%	$7.2M	$18.1M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,052.1	+0.019%	$1.3M	$4.4M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.055%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,051.4	−0.048%	$71K	$235K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.1	+0.109%	—	$175K	25x	as long as short
Aster MUUSD1	+0.0046%	8h	1,052.1	+0.014%	$21.4M	$54.4M	20x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,051.8	−0.013%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052.2	+0.022%	$690K	$16K	10x	as long as short
Nado MU-PERP	+0.0050%	1h	1,051.8	−0.015%	$282K	$845K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.1	−0.076%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0055%	8h	1,052.1	+0.014%	$2K	—	5x	as long as short
tradeXYZ xyz:MU	+0.0061%	1h	1,051.8	−0.013%	$178.4M	$99.1M	10x	as long as short
Lighter MU	+0.0064%	1h	1,052.2	+0.023%	$1.1M	$5.1M	20x	as long as short
Bullet MU-USD	+0.0068%	1h	1,052.1	+0.015%	$25K	$398K	10x	as long as short
Extended MU_24_5-USD	+0.0080%	1h	1,051.6	−0.033%	$564K	$1.1M	10x	as long as short
Variational Omni MU	+0.0087%	8h	1,051.4	−0.053%	$2.7M	$2.4M	—	as long as short
Coinbase International MU-PERP-INTXlong	+0.0096%	1h	1,051.9	long leg	$758K	$1.2M	10x
Pacifica MU	+0.0100%	1h	1,051.7	−0.019%	$149K	$184K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,051.9	−0.005%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,051.8	−0.010%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythosshort	+0.0100%	8h	1,052.1	+0.018%	$836	$799	20x
Aevo MU-PERP	+0.0112%	1h	1,051.7	−0.027%	$32K	$1K	10x	as long as short
Binance MUUSDT	+0.0114%	8h	1,052.1	+0.020%	$126.6M	$518.2M	50x	as long as short
Bitget MUUSDT	+0.0123%	8h	1,052.1	+0.016%	$20.6M	$41.1M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,051.7	−0.023%	$538K	$271K	15x	as long as short
BloFin MU-USDT	+0.0234%	8h	1,052.2	+0.024%	$1.5M	$2.0M	20x	as long as short