Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0088%/8h= +9.7% APRpaid last 24h +0.031%

Price spread now: Extended against edgeX−0.219%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$180.181% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.657%−$66 on $10k

Price spread, last 7 days+0.244%+$24 · spread now −0.219%, 7d avg −0.024%

Together, before fees−0.413%+ Points / potential airdropedgeX: Active · Extended: Active · farm board−$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.195% cheaper against edgeX than usual: you would sell low and buy high (spread −0.219% now, against its 7-day average of −0.024%). If the spread goes back, that is −$19 on $10k: about 7.4 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.657%, 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	1,039	−0.0056	get 0.0028% / 4h	2h 34m	$1.3M	$672K	10x
Short	Extended MU_24_5-USD	1,036.7	0.0032	get 0.0004% / 1h	34m 54s	$546K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.219%Rate

Funding earned: $18.53
Price spread: −0.219% → −0.024%: −$19.49
Slippage, 4 orders: −$4.09
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$19.05
Costs to cover: 0.181%
Break-even: 14.2 days

Slippage from edgeX: live order book, 4 min ago; Extended: 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, 4 min ago	0.34 bp	4.9 bp −$5	6.7 bp −$67	29.6 bp −$2,955	doesn't fit
Sell Extended live order book, 3 min ago	0.19 bp	4.2 bp −$4	16.3 bp −$163	doesn't fit	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	−0.0056%	4h	1,039	long leg	$1.3M	$672K	10x
Aster MUUSD1	0.0000%	8h	1,037.7	−0.123%	$21.1M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,037.2	−0.175%	$121.3M	$527.2M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,037.2	−0.175%	$18.5M	$32.0M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,036.8	−0.207%	$30.0M	$99.8M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,039	−0.003%	$335K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,037.3	−0.163%	$61.6M	$28.2M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,038.4	−0.060%	$20.4M	$41.0M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,038.2	−0.071%	$2.6M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,039.6	+0.057%	$75K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,039.4	+0.038%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,040.1	+0.103%	$11K	$5.7M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,038.7	−0.030%	$127K	$447K	50x	as long as short
Aftermath Perps MUUSD	+0.0020%	1h	1,038.7	−0.032%	$3K	$44K	10x	as long as short
Nado MU-PERP	+0.0022%	1h	1,038.4	−0.053%	$278K	$819K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,038.9	−0.012%	$7.0M	$17.9M	10x	as long as short
Bullet MU-USD	+0.0025%	1h	1,039	0.000%	$26K	$391K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,038.6	−0.040%	$1.2M	$4.5M	10x	as long as short
Extended MU_24_5-USDshort	+0.0032%	1h	1,036.7	−0.219%	$546K	$1.1M	10x
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.191%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,038.5	−0.052%	$70K	$232K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,038.6	−0.038%	—	$174K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,037.5	−0.143%	$176.3M	$92.2M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,038.4	−0.057%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,038.8	−0.016%	$682K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.7	−0.124%	$1.9M	$2.4M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,039	+0.002%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,038.7	−0.027%	$32K	$1K	10x	as long as short
Lighter MU	+0.0088%	1h	1,038.8	−0.016%	$1.0M	$4.9M	20x	as long as short
Pacifica MU	+0.0100%	1h	1,038.7	−0.030%	$146K	$187K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,037.7	−0.120%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,038.8	−0.023%	$70K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,039	−0.004%	$826	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,038.3	−0.067%	$1.5M	$2.0M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,037.9	−0.108%	$741K	$1.1M	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0174%	1h	1,038.8	−0.021%	$73K	$510K	10x	as long as short
Phoenix MU	+0.0231%	1h	1,037.9	−0.105%	$531K	$270K	15x	as long as short