Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h −0.016%

Price spread now: Paradex against Deribit+0.004%7-day average — · you sell dearer than you buy

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

Long on Deribit 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MU_USDC-PERPETUAL	1,036.4	0.0020	pay 0.0003% / 1h	0m 37s	$74K	$583K	10x
Short	Paradex MU-USD-PERP	1,036.4	0.0051	get 0.0051% / 8h	1h 00m	$2K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Deribit. 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 DeribitbpFee ParadexbpOrdersPrice spread, now +0.004%Rate

Funding earned: $6.52
Price spread: +0.004% → 0.000%: $0.36
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$4.12
Costs to cover: 0.110%
Break-even: 11.4 days

Slippage unknown: Deribit: live order book, 43 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 Deribit live order book, 43 min ago	0.05 bp	14.3 bp −$14	17.9 bp −$179	doesn't fit	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	−0.0224%	4h	1,037	+0.064%	$1.3M	$673K	10x	as long as short
Bitget MUUSDT	−0.0163%	8h	1,036.7	+0.026%	$20.2M	$40.4M	50x	as long as short
Nado MU-PERP	−0.0003%	1h	1,036.5	+0.011%	$279K	$809K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,037	+0.063%	$21.1M	$64.0M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,036.6	+0.018%	$122.1M	$538.8M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,036.6	+0.025%	$18.7M	$32.3M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,036.5	+0.013%	$29.7M	$99.9M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,036.8	+0.037%	$313K	$386K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,036.4	−0.001%	$61.4M	$28.7M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,036.4	+0.005%	$2.5M	$2.5M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MU_USDT_Perp	0.0000%	8h	1,036.7	+0.036%	$83K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,037.1	+0.070%	$187K	$3.5M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,036.7	+0.028%	$24K	$390K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,038.5	+0.201%	$11K	$5.6M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,036.3	−0.009%	$127K	$442K	50x	as long as short
Aftermath Perps MUUSD	+0.0015%	1h	1,037.1	+0.074%	$3K	$44K	10x	as long as short
Deribit MU_USDC-PERPETUALlong	+0.0020%	1h	1,036.4	long leg	$74K	$583K	10x
Lighter MU	+0.0032%	1h	1,036.7	+0.030%	$1.0M	$5.0M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,036.5	+0.011%	$1.1M	$4.5M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,036.3	−0.005%	$554K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,036.6	+0.025%	$7.0M	$18.7M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.445%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,036.7	+0.027%	$90K	$244K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,036.7	+0.027%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,036.4	+0.002%	$176.2M	$85.6M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,036.5	+0.012%	$168K	$195K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,036.5	+0.013%	$680K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,036.4	+0.004%	$1.8M	$2.7M	10x	as long as short
Paradex MU-USD-PERPshort	+0.0051%	8h	1,036.4	+0.004%	$2K	—	5x
Aevo MU-PERP	+0.0080%	1h	1,036.2	−0.018%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,036.4	+0.006%	$147K	$189K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,036.4	+0.002%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,037.6	+0.119%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,036.7	+0.031%	$824	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0104%	1h	1,038.8	+0.232%	$734K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,036.7	+0.026%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,037.3	+0.089%	$531K	$270K	15x	as long as short