Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0156%/8h= +17.0% APRpaid last 24h −0.082%

Price spread now: HTX against edgeX+0.131%77s7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$115as in the Funding arb table

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

costs, in and out, $10k−$290.295% of the position

Long on edgeX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.854%−$85 on $10k

Price spread, last 3 days (all we have)−0.124%−$12 · spread now +0.131%, 7d avg +0.010%

Together, before fees−0.978%+ Points / potential airdropedgeX: Active · farm board−$98 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and HTX is 0.121% dearer against edgeX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.010%. Mind the row above: over the last 7 days funding on this pair cost −0.854%, so the current rate has only just turned in your favour. The two prices were read 77 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	1,048.4	−0.0156	get 0.0078% / 4h	3h 50m	$1.3M	$672K	10x
Short	HTX MU-USDT	1,049.7	0	get 0.0000% / 8h	7h 50m	$130K	$419K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.131%Rate

Funding earned: $32.68
Price spread: +0.131% → +0.010%: $12.14
Slippage, 4 orders: −$8.46
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: $15.36
Costs to cover: 0.295%
Break-even: 3.7 days

Slippage from edgeX: live order book, 4 min ago; HTX: live order book, 23 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	6.9 bp −$69	29.3 bp −$2,930	doesn't fit
Sell HTX live order book, 23 min ago	1.72 bp	9.4 bp −$9	9.4 bp −$94	14.9 bp −$1,487	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	−0.0156%	4h	1,048.4	long leg	$1.3M	$672K	10x
Gate MU_USDT	0.0000%	8h	1,050.1	+0.161%	$63.3M	$28.4M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,048.6	+0.018%	$190K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.7	+0.314%	$11K	$6.3M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,049.7	+0.130%	$62K	$293K	10x	as long as short
HTX MU-USDTshort	0.0000%	8h	1,049.7	+0.131%	$130K	$419K	50x
Aftermath Perps MUUSD	+0.0021%	1h	1,047.6	−0.077%	$3K	$45K	10x	as long as short
Lighter MU	+0.0032%	1h	1,050.1	+0.164%	$1.1M	$4.7M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.1	+0.169%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.224%	$14K	$251	12x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MU-USD-PERP	+0.0046%	1h	1,050.6	+0.209%	—	$195K	25x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.1	+0.071%	$1.9M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,049.7	+0.125%	$7.8M	$23.3M	10x	as long as short
Nado MU-PERP	+0.0059%	1h	1,049.6	+0.117%	$272K	$859K	10x	as long as short
OKX MU-USDT-SWAP	+0.0091%	8h	1,050.2	+0.172%	$31.0M	$101.6M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,049.3	+0.089%	$154K	$180K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049.4	+0.095%	$5.3M	$3.7M	20x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,049.6	+0.118%	$834	$799	20x	as long as short
Paradex MU-USD-PERP	+0.0104%	8h	1,049.6	+0.115%	$2K	—	5x	as long as short
Bybit MUUSDT	+0.0111%	8h	1,050.4	+0.190%	$19.3M	$32.5M	100x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,049.8	+0.139%	$32K	$1K	10x	as long as short
Variational Omni MU	+0.0177%	8h	1,049.9	+0.148%	$2.7M	$2.4M	—	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,049.6	+0.117%	$760K	$1.3M	10x	as long as short
Aster MUUSD1	+0.0185%	8h	1,049.4	+0.097%	$21.6M	$47.8M	20x	as long as short
Bitget MUUSDT	+0.0191%	8h	1,050.2	+0.177%	$20.6M	$41.4M	50x	as long as short
Binance MUUSDT	+0.0192%	8h	1,050.1	+0.162%	$125.8M	$524.2M	50x	as long as short
Arcus MU-USD	+0.0240%	1h	1,048.4	+0.004%	$71K	$243K	10x	as long as short
SoDEX MU-USD	+0.0300%	1h	1,050.1	+0.163%	$689K	$16K	10x	as long as short
BloFin MU-USDT	+0.0311%	8h	1,049.6	+0.114%	$1.5M	$2.1M	20x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,049.8	+0.138%	$316K	$339K	20x	as long as short
Polymarket Perps MU-USD	+0.0363%	1h	1,050.1	+0.165%	$170K	$202K	10x	as long as short
Phoenix MU	+0.0383%	1h	1,048.9	+0.051%	$536K	$306K	15x	as long as short
GRVT MU_USDT_Perp	+0.0533%	8h	1,048.8	+0.038%	$83K	$1.4M	10x	as long as short
Extended MU_24_5-USD	+0.0552%	1h	1,049.4	+0.102%	$548K	$1.1M	10x	as long as short
Bullet MU-USD	+0.0595%	1h	1,050.5	+0.204%	$26K	$394K	10x	as long as short
tradeXYZ xyz:MU	+0.0620%	1h	1,049.9	+0.146%	$178.5M	$101.1M	10x	as long as short
ApeX Omni MUUSDT	+0.0705%	1h	1,047.7	−0.060%	$71K	$267K	50x	as long as short