Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0261%/8h= +28.6% APRpaid last 24h +0.116%

Price spread now: Deribit against edgeX+0.004%75s7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$370.367% of the position

Long on edgeX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.244%−$24 on $10k

Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.004%, 7d avg −0.015%

Together, before fees−0.343%+ Points / potential airdropedgeX: Active · farm board−$34 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.244%, so the current rate has only just turned in your favour. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MUUSDC	1,033.3	−0.0261	get 0.0131% / 4h	2h 18m	$1.3M	$695K	10x
Short	Deribit MU_USDC-PERPETUAL	1,033.3	0	get 0.0000% / 1h	18m 09s	$44K	$698K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.004%Rate

Funding earned: $54.82
Price spread: +0.004% → −0.015%: $1.9
Slippage, 4 orders: −$20.69
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $20.03
Costs to cover: 0.367%
Break-even: 4.4 days

Slippage from edgeX: live order book, 4 min ago; Deribit: live order book, 33 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, 4 min ago	0.29 bp	4.9 bp −$5	6.6 bp −$66	29.9 bp −$2,985	doesn't fit
Sell Deribit live order book, 33 min ago	4.02 bp	7.5 bp −$8	9.4 bp −$94	doesn't fit	doesn't fit

MU on 37 exchanges

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	−0.0261%	4h	1,033.3	long leg	$1.3M	$695K	10x
Aster MUUSD1	0.0000%	8h	1,034.1	+0.076%	$21.1M	$72.3M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,033.9	+0.055%	$120.6M	$550.1M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,034	+0.067%	$29.4M	$106.4M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,033.7	+0.035%	$61.6M	$28.0M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,033.9	+0.058%	$19.7M	$42.8M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,033.1	−0.017%	$2.6M	$2.6M	—	as long as short
StandX MU-USD	0.0000%	1h	1,033.3	+0.003%	$187K	$3.7M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,035.2	+0.189%	$11K	$5.1M	10x	as long as short
Deribit MU_USDC-PERPETUALshort	0.0000%	1h	1,033.3	+0.004%	$44K	$698K	10x

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,033.8	+0.045%	$119K	$486K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,033.8	+0.047%	$1.1M	$4.5M	10x	as long as short
Aftermath Perps MUUSD	+0.0032%	1h	1,033.2	−0.004%	$3K	$42K	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.749%	$19K	$5K	12x	as long as short
Bybit MUUSDT	+0.0044%	8h	1,033.9	+0.061%	$18.8M	$32.5M	100x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,034.1	+0.079%	—	$177K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,033.5	+0.021%	$167K	$178K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,033.5	+0.023%	$678K	$13K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,032	−0.124%	$1.9M	$3.2M	10x	as long as short
QFEX MU-USD	+0.0059%	1h	1,033.2	−0.004%	$7.0M	$19.0M	10x	as long as short
Paradex MU-USD-PERP	+0.0066%	8h	1,033.2	−0.011%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,033.4	+0.010%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,033.1	−0.014%	$146K	$223K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,033.2	−0.013%	$5.2M	$5.6M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,033.6	+0.026%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,033.4	+0.006%	$822	$799	20x	as long as short
RISEx MU/USDC	+0.0107%	1h	1,033.4	+0.014%	$295K	$350K	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,033.3	+0.005%	$1.4M	$2.4M	20x	as long as short
Nado MU-PERP	+0.0124%	1h	1,032.5	−0.072%	$269K	$840K	10x	as long as short
GRVT MU_USDT_Perp	+0.0130%	8h	1,033.4	+0.012%	$76K	$1.4M	10x	as long as short
Lighter MU	+0.0136%	1h	1,033.9	+0.055%	$1.0M	$5.0M	20x	as long as short
Arcus MU-USD	+0.0139%	1h	1,033.1	−0.018%	$90K	$148K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0152%	1h	1,033.5	+0.021%	$732K	$1.2M	10x	as long as short
tradeXYZ xyz:MU	+0.0179%	1h	1,033.7	+0.040%	$175.1M	$75.6M	10x	as long as short
Bullet MU-USD	+0.0214%	1h	1,033.8	+0.055%	$25K	$386K	10x	as long as short
Extended MU_24_5-USD	+0.0264%	1h	1,033	−0.029%	$549K	$1.1M	10x	as long as short
Phoenix MU	+0.0310%	1h	1,033.6	+0.030%	$529K	$269K	15x	as long as short