Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0330%/8h= +36.1% APRpaid last 24h −0.019%

Price spread now: Bybit against edgeX+0.075%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.712%−$71 on $10k

Price spread, last 7 days−0.041%−$4 · spread now +0.075%, 7d avg +0.035%

Together, before fees−0.753%+ Points / potential airdropedgeX: Active · farm board−$75 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Bybit is 0.039% dearer against edgeX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.035%. Mind the row above: over the last 7 days funding on this pair cost −0.712%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MUUSDC	1,050.5	−0.0330	get 0.0165% / 4h	1h 31m	$1.3M	$672K	10x
Short	Bybit MUUSDT	1,051.3	0	get 0.0000% / 8h	5h 31m	$19.2M	$32.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against edgeX. 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 edgeXbpFee BybitbpOrdersPrice spread, now +0.075%Rate

Funding earned: $69.27
Price spread: +0.075% → +0.035%: $3.92
Slippage, 4 orders: −$6.74
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $46.44
Costs to cover: 0.267%
Break-even: 2.3 days

Slippage from edgeX: live order book, 3 min ago; Bybit: live order book, 3 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 edgeX live order book, 3 min ago	0.43 bp	5.1 bp −$5	7.0 bp −$70	28.4 bp −$2,843	doesn't fit
Sell Bybit live order book, 3 min ago	0.86 bp	8.3 bp −$8	11.1 bp −$111	26.4 bp −$2,636	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 MUUSDClong	−0.0330%	4h	1,050.5	long leg	$1.3M	$672K	10x
Bybit MUUSDTshort	0.0000%	8h	1,051.3	+0.075%	$19.2M	$32.3M	100x
RISEx MU/USDC	0.0000%	1h	1,051.3	+0.076%	$333K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.9	+0.041%	$62.1M	$27.4M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,050.8	+0.027%	$85K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,050.3	−0.015%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.9	+0.225%	$11K	$5.9M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,050.6	+0.009%	$67K	$372K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.9	+0.034%	$129K	$428K	50x	as long as short
Aftermath Perps MUUSD	+0.0020%	1h	1,050.1	−0.040%	$3K	$44K	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	+0.0026%	8h	1,051.2	+0.067%	$31.0M	$99.9M	50x	as long as short
QFEX MU-USD	+0.0030%	1h	1,050.7	+0.023%	$7.2M	$18.2M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.9	+0.037%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.082%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.4	−0.013%	$71K	$235K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.8	+0.126%	—	$175K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,050.8	+0.029%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,051	+0.045%	$690K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.8	−0.069%	$1.9M	$2.3M	10x	as long as short
Lighter MU	+0.0056%	1h	1,051	+0.052%	$1.1M	$4.9M	20x	as long as short
Paradex MU-USD-PERP	+0.0056%	8h	1,051	+0.046%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0058%	1h	1,050.7	+0.016%	$282K	$848K	10x	as long as short
tradeXYZ xyz:MU	+0.0063%	1h	1,050.8	+0.029%	$178.2M	$99.2M	10x	as long as short
Extended MU_24_5-USD	+0.0064%	1h	1,050.3	−0.017%	$564K	$1.1M	10x	as long as short
Aster MUUSD1	+0.0075%	8h	1,051	+0.046%	$21.4M	$52.2M	20x	as long as short
Bullet MU-USD	+0.0077%	1h	1,051.1	+0.056%	$26K	$398K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	−0.053%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050.5	−0.001%	$149K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.8	+0.030%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050	−0.047%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.9	+0.037%	$835	$799	20x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,050.7	+0.015%	$32K	$1K	10x	as long as short
Variational Omni MU	+0.0122%	8h	1,050.5	−0.002%	$2.7M	$2.4M	—	as long as short
Bitget MUUSDT	+0.0131%	8h	1,051.1	+0.059%	$20.6M	$41.1M	50x	as long as short
Binance MUUSDT	+0.0138%	8h	1,051.1	+0.053%	$126.6M	$518.8M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.8	+0.029%	$537K	$271K	15x	as long as short
BloFin MU-USDT	+0.0258%	8h	1,051.2	+0.068%	$1.5M	$2.0M	20x	as long as short