Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h −0.036%

Price spread now: OKX against edgeX+0.041%111s7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as 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−$210.208% of the position

Long on edgeX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.709%−$71 on $10k

Price spread, last 7 days−0.014%−$1 · spread now +0.041%, 7d avg +0.030%

Together, before fees−0.723%+ Points / potential airdropedgeX: Active · farm board−$72 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.709%, so the current rate has only just turned in your favour. The two prices were read 111 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	1,052	−0.0083	get 0.0041% / 4h	1h 05m	$1.3M	$671K	10x
Short	OKX MU-USDT-SWAP	1,052.5	0.0017	get 0.0017% / 8h	5h 05m	$31.1M	$99.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.041%Rate

Funding earned: $20.82
Price spread: +0.041% → +0.030%: $1.08
Slippage, 4 orders: −$1.76
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: $1.14
Costs to cover: 0.208%
Break-even: 6.6 days

Slippage from edgeX: live order book, 3 min ago; OKX: 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	0.28 bp	5.0 bp −$5	6.9 bp −$69	29.5 bp −$2,952	doesn't fit
Sell OKX live order book, 3 min ago	0.05 bp	5.6 bp −$6	7.5 bp −$75	19.9 bp −$1,986	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	−0.0083%	4h	1,052	long leg	$1.3M	$671K	10x
RISEx MU/USDC	0.0000%	1h	1,052.5	+0.049%	$334K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,052.2	+0.019%	$62.0M	$27.6M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.3	+0.027%	$78K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,052	−0.003%	$190K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,054.2	+0.205%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,052.1	+0.007%	$130K	$430K	50x	as long as short
Bybit MUUSDT	+0.0010%	8h	1,052.7	+0.067%	$19.2M	$32.3M	100x	as long as short
OKX MU-USDT-SWAPshort	+0.0017%	8h	1,052.5	+0.041%	$31.1M	$99.9M	50x
Aftermath Perps MUUSD	+0.0018%	1h	1,051.9	−0.010%	$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
QFEX MU-USD	+0.0030%	1h	1,052.2	+0.013%	$7.2M	$18.1M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,052.3	+0.029%	$1.3M	$4.5M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.064%	$19K	$5K	12x	as long as short
Aster MUUSD1	+0.0036%	8h	1,052.3	+0.022%	$21.4M	$54.9M	20x	as long as short
Arcus MU-USD	+0.0040%	1h	1,051.9	−0.018%	$71K	$234K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.3	+0.123%	—	$175K	25x	as long as short
Nado MU-PERP	+0.0048%	1h	1,051.9	−0.015%	$282K	$844K	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,052.1	+0.006%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052.2	+0.014%	$691K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.5	−0.049%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0054%	8h	1,052.5	+0.049%	$2K	—	5x	as long as short
Lighter MU	+0.0056%	1h	1,052.4	+0.035%	$1.1M	$5.1M	20x	as long as short
tradeXYZ xyz:MU	+0.0064%	1h	1,052.2	+0.016%	$178.6M	$98.9M	10x	as long as short
Bullet MU-USD	+0.0065%	1h	1,052.4	+0.031%	$26K	$398K	10x	as long as short
Variational Omni MU	+0.0071%	8h	1,052.2	+0.015%	$2.7M	$2.4M	—	as long as short
Extended MU_24_5-USD	+0.0072%	1h	1,051.6	−0.042%	$564K	$1.1M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,051.9	−0.009%	$758K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,052.5	+0.039%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,052	−0.001%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,051.8	−0.020%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.2	+0.013%	$836	$799	20x	as long as short
Aevo MU-PERP	+0.0104%	1h	1,051.9	−0.012%	$32K	$1K	10x	as long as short
Binance MUUSDT	+0.0104%	8h	1,052.4	+0.034%	$126.7M	$518.1M	50x	as long as short
Bitget MUUSDT	+0.0135%	8h	1,052.4	+0.030%	$20.6M	$41.0M	50x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0140%	1h	1,052	−0.001%	$69K	$390K	10x	as long as short
BloFin MU-USDT	+0.0227%	8h	1,052.2	+0.015%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0229%	1h	1,052.7	+0.063%	$538K	$271K	15x	as long as short