Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1091%/8h= +119.4% APRpaid last 24h −0.069%

Price spread now: Injective against edgeX+0.193%7-day average — · you sell dearer than you buy

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

Long on edgeX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.877%−$88 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and Injective is 0.193% dearer against edgeX than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.877%, 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	1,049.3	−0.0984	get 0.0492% / 4h	2h 01m	$1.3M	$671K	10x
Short	Injective MU/USDC PERP	1,051.4	0.0107	get 0.0013% / 1h	1m 53s	$19K	$5K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.193%Rate

Funding earned: $229.06
Price spread: +0.193% → 0.000%: $19.28
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $239.32
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: edgeX: live order book, 2 min ago; Injective: 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 edgeX live order book, 2 min ago	0.29 bp	4.9 bp −$5	6.6 bp −$66	29.1 bp −$2,910	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 36 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	−0.0984%	4h	1,049.3	long leg	$1.3M	$671K	10x
Bybit MUUSDT	0.0000%	8h	1,050.6	+0.118%	$19.2M	$32.5M	100x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.4	+0.100%	$62.1M	$27.8M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,049.7	+0.034%	$190K	$3.4M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,050.8	+0.143%	$26K	$395K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.5	+0.298%	$11K	$5.9M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.5	+0.113%	$129K	$426K	50x	as long as short
GRVT MU_USDT_Perp	+0.0008%	8h	1,050.1	+0.075%	$79K	$1.3M	10x	as long as short
Nado MU-PERP	+0.0009%	1h	1,049.9	+0.054%	$279K	$854K	10x	as long as short
Aftermath Perps MUUSD	+0.0017%	1h	1,049.4	+0.006%	$3K	$45K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MU	+0.0032%	1h	1,050	+0.062%	$1.1M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.2	+0.086%	$1.2M	$4.3M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,049.7	+0.035%	$564K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0040%	1h	1,050.4	+0.101%	$7.3M	$18.9M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,049.8	+0.046%	$71K	$235K	10x	as long as short
OKX MU-USDT-SWAP	+0.0043%	8h	1,050.6	+0.121%	$30.9M	$100.2M	50x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.2	+0.178%	—	$175K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,050.4	+0.101%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.7	+0.126%	$690K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.9	+0.053%	$1.9M	$2.3M	10x	as long as short
tradeXYZ xyz:MU	+0.0052%	1h	1,050.2	+0.082%	$178.3M	$99.4M	10x	as long as short
Paradex MU-USD-PERP	+0.0059%	8h	1,050.6	+0.122%	$2K	—	5x	as long as short
Pacifica MU	+0.0100%	1h	1,050.2	+0.083%	$149K	$187K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.1	+0.074%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050	+0.063%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.8	+0.137%	$835	$799	20x	as long as short
Injective MU/USDC PERPshort	+0.0107%	1h	1,051.4	+0.193%	$19K	$5K	12x
Aster MUUSD1	+0.0124%	8h	1,050.4	+0.099%	$21.6M	$51.8M	20x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,050.4	+0.105%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,048.1	−0.123%	$755K	$1.2M	10x	as long as short
Variational Omni MU	+0.0154%	8h	1,049.9	+0.057%	$2.7M	$2.4M	—	as long as short
Binance MUUSDT	+0.0172%	8h	1,050.5	+0.113%	$126.6M	$521.5M	50x	as long as short
Bitget MUUSDT	+0.0180%	8h	1,050.4	+0.104%	$20.6M	$41.2M	50x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0236%	1h	1,050.5	+0.111%	$66K	$349K	10x	as long as short
Phoenix MU	+0.0304%	1h	1,049.7	+0.035%	$537K	$273K	15x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,050.8	+0.140%	$334K	$347K	20x	as long as short