Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0113%/8h= −12.4% APRpaid last 24h −0.004%

Price spread now: Paradex against Coinbase International+0.071%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 Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.071% dearer against Coinbase International than usual: you sell high and buy low (spread +0.071% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MU-PERP-INTX	1,044.9	0.0224	pay 0.0028% / 1h	19m 37s	$757K	$1.3M	10x
Short	Paradex MU-USD-PERP	1,045.7	0.0111	get 0.0111% / 8h	19m 37s	$2K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.071%Rate

Funding earned: −$23.81
Price spread: +0.071% → 0.000%: $7.08
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$30.72
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 4 min ago; Paradex: 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, 4 min ago	2.58 bp	8.1 bp −$8	13.9 bp −$139	48.1 bp −$4,812	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.0889%	4h	1,045.4	+0.042%	$1.3M	$673K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,045.8	+0.080%	$63.0M	$29.1M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,045.2	+0.026%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,047.7	+0.266%	$12K	$6.5M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,046	+0.103%	$129K	$456K	50x	as long as short
Aftermath Perps MUUSD	+0.0030%	1h	1,045.1	+0.014%	$3K	$45K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,045.8	+0.080%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.554%	$14K	$302	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,046.2	+0.122%	—	$194K	25x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0047%	1h	1,045.6	+0.063%	$62K	$277K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MU-USD	+0.0050%	1h	1,045.6	+0.065%	$169K	$193K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,045.9	+0.090%	$686K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,045	+0.006%	$2.0M	$2.7M	10x	as long as short
OKX MU-USDT-SWAP	+0.0073%	8h	1,045.9	+0.091%	$30.8M	$105.0M	50x	as long as short
Lighter MU	+0.0080%	1h	1,045.7	+0.078%	$1.0M	$4.9M	20x	as long as short
QFEX MU-USD	+0.0080%	1h	1,045.9	+0.093%	$7.8M	$23.9M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,045.5	+0.053%	$153K	$183K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,045.4	+0.050%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.8	+0.088%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,045.8	+0.087%	$831	$799	20x	as long as short
Paradex MU-USD-PERPshort	+0.0111%	8h	1,045.7	+0.071%	$2K	—	5x
Bullet MU-USD	+0.0114%	1h	1,046	+0.101%	$25K	$394K	10x	as long as short
Bitget MUUSDT	+0.0118%	8h	1,045.9	+0.094%	$20.5M	$43.5M	50x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,045.8	+0.085%	$33K	—	10x	as long as short
Nado MU-PERP	+0.0161%	1h	1,045.5	+0.055%	$271K	$875K	10x	as long as short
Aster MUUSD1	+0.0162%	8h	1,046.1	+0.109%	$21.5M	$47.3M	20x	as long as short
Variational Omni MU	+0.0178%	8h	1,045.7	+0.074%	$2.7M	$2.5M	—	as long as short
Binance MUUSDT	+0.0189%	8h	1,045.9	+0.093%	$124.4M	$532.7M	50x	as long as short
tradeXYZ xyz:MU	+0.0196%	1h	1,045.5	+0.056%	$176.7M	$104.5M	10x	as long as short
GRVT MU_USDT_Perp	+0.0220%	8h	1,045.5	+0.058%	$82K	$1.4M	10x	as long as short
Coinbase International MU-PERP-INTXlong	+0.0224%	1h	1,044.9	long leg	$757K	$1.3M	10x
Bybit MUUSDT	+0.0266%	8h	1,046	+0.104%	$19.2M	$32.4M	100x	as long as short
BloFin MU-USDT	+0.0309%	8h	1,045.9	+0.089%	$1.5M	$2.0M	20x	as long as short
Extended MU_24_5-USD	+0.0376%	1h	1,045	+0.008%	$541K	$1.1M	10x	as long as short
Phoenix MU	+0.0460%	1h	1,045.6	+0.065%	$535K	$306K	15x	as long as short
Arcus MU-USD	+0.0462%	1h	1,045.7	+0.071%	$70K	$244K	10x	as long as short
RISEx MU/USDC	+0.0525%	1h	1,046	+0.106%	$316K	$339K	20x	as long as short