Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.1002%/8h= +109.7% APRpaid last 24h +0.102%

Price spread now: Orderly against edgeX−0.014%7-day average — · you buy dearer than you sell

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

Long on edgeX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$30 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MUUSDC	1,039.3	−0.0902	get 0.0451% / 4h	1h 57m	$1.3M	$696K	10x
Short	Orderly PERP_MU_USDC_mythos	1,039.1	0.0100	get 0.0100% / 8h	5h 57m	$826	$799	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.014%Rate

Funding earned: $210.35
Price spread: −0.014% → 0.000%: −$1.37
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: $193.98
Costs to cover: 0.150%
Break-even: 0.5 days

Slippage unknown: edgeX: live order book, 5 min ago; Orderly: 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, 5 min ago	0.29 bp	4.9 bp −$5	6.8 bp −$68	29.7 bp −$2,975	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 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	−0.0902%	4h	1,039.3	long leg	$1.3M	$696K	10x
Aster MUUSD1	0.0000%	8h	1,039.6	+0.031%	$21.2M	$73.3M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,039.2	−0.013%	$121.4M	$555.1M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,039.3	−0.003%	$29.6M	$107.8M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,039	−0.028%	$61.1M	$27.9M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,039.2	−0.010%	$19.8M	$43.6M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,039.6	+0.027%	$2.6M	$2.6M	—	as long as short
StandX MU-USD	0.0000%	1h	1,038.6	−0.069%	$188K	$3.7M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,040.5	+0.120%	$11K	$5.1M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,038.5	−0.079%	$37K	$716K	10x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,039.1	−0.018%	$119K	$474K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,039.1	−0.020%	$1.2M	$4.5M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.162%	$19K	$5K	12x	as long as short
Aftermath Perps MUUSD	+0.0034%	1h	1,038.8	−0.048%	$3K	$42K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,040.2	+0.085%	—	$177K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,038.8	−0.046%	$168K	$178K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,039.1	−0.021%	$682K	$13K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,038.2	−0.108%	$1.9M	$3.2M	10x	as long as short
QFEX MU-USD	+0.0058%	1h	1,038.9	−0.039%	$7.0M	$19.2M	10x	as long as short
Bybit MUUSDT	+0.0066%	8h	1,039.3	+0.002%	$18.8M	$32.6M	100x	as long as short
Paradex MU-USD-PERP	+0.0080%	8h	1,038.8	−0.046%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,038.8	−0.046%	$32K	$1K	10x	as long as short
Nado MU-PERP	+0.0086%	1h	1,038.7	−0.056%	$276K	$842K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,038.8	−0.043%	$151K	$227K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,038.8	−0.043%	$5.2M	$5.8M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,038.5	−0.073%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythosshort	+0.0100%	8h	1,039.1	−0.014%	$826	$799	20x
RISEx MU/USDC	+0.0118%	1h	1,039.2	−0.008%	$299K	$350K	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,039.4	+0.011%	$1.4M	$2.5M	20x	as long as short
Bullet MU-USD	+0.0136%	1h	1,039.4	+0.010%	$24K	$386K	10x	as long as short
Arcus MU-USD	+0.0139%	1h	1,038.5	−0.075%	$90K	$148K	10x	as long as short
tradeXYZ xyz:MU	+0.0171%	1h	1,039.1	−0.018%	$177.2M	$76.0M	10x	as long as short
Lighter MU	+0.0192%	1h	1,039.2	−0.008%	$1.0M	$5.0M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0192%	1h	1,040.5	+0.118%	$741K	$1.1M	10x	as long as short
GRVT MU_USDT_Perp	+0.0230%	8h	1,039.4	+0.011%	$81K	$1.4M	10x	as long as short
Phoenix MU	+0.0310%	1h	1,039.4	+0.011%	$532K	$159K	15x	as long as short
Extended MU_24_5-USD	+0.0336%	1h	1,038.5	−0.079%	$551K	$1.1M	10x	as long as short