Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0606%/8h= +66.4% APRpaid last 24h +0.093%

Price spread now: Paradex against edgeX+0.024%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 Paradex

What this pair did over the last

the charts below follow

Funding, last 4 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 · Paradex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Paradex is 0.024% dearer against edgeX than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MUUSDC	1,040.2	−0.0524	get 0.0262% / 4h	1h 49m	$1.3M	$695K	10x
Short	Paradex MU-USD-PERP	1,040.5	0.0082	get 0.0082% / 8h	5h 49m	$2K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.024%Rate

Funding earned: $127.29
Price spread: +0.024% → 0.000%: $2.35
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: $116.64
Costs to cover: 0.130%
Break-even: 0.6 days

Slippage unknown: edgeX: live order book, 3 min ago; Paradex: 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, 3 min ago	0.38 bp	5.0 bp −$5	6.8 bp −$68	31.1 bp −$3,106	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.0524%	4h	1,040.2	long leg	$1.3M	$695K	10x
Aster MUUSD1	0.0000%	8h	1,041	+0.072%	$21.2M	$73.4M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,040.7	+0.045%	$121.8M	$555.5M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,040.6	+0.029%	$29.7M	$107.9M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,040.6	+0.037%	$61.3M	$27.9M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,040.5	+0.021%	$19.8M	$43.6M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,040.3	+0.010%	$2.6M	$2.6M	—	as long as short
StandX MU-USD	0.0000%	1h	1,039.5	−0.072%	$188K	$3.7M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,042.3	+0.194%	$11K	$5.0M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,039.9	−0.037%	$36K	$718K	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	1,040.3	+0.005%	$120K	$474K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,040.4	+0.017%	$1.2M	$4.5M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.068%	$19K	$5K	12x	as long as short
Aftermath Perps MUUSD	+0.0034%	1h	1,040	−0.024%	$3K	$41K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,041.8	+0.149%	—	$177K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,040.5	+0.024%	$170K	$180K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,039.6	−0.065%	$1.9M	$3.2M	10x	as long as short
SoDEX MU-USD	+0.0058%	1h	1,040.4	+0.010%	$684K	$14K	10x	as long as short
QFEX MU-USD	+0.0058%	1h	1,040.4	+0.014%	$7.0M	$19.3M	10x	as long as short
Bybit MUUSDT	+0.0075%	8h	1,040.7	+0.046%	$18.8M	$32.3M	100x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,040	−0.021%	$32K	$1K	10x	as long as short
Paradex MU-USD-PERPshort	+0.0082%	8h	1,040.5	+0.024%	$2K	—	5x
Pacifica MU	+0.0100%	1h	1,040	−0.026%	$151K	$227K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,040	−0.025%	$5.2M	$6.0M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,040.3	+0.009%	$71K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,040.6	+0.029%	$827	$799	20x	as long as short
RISEx MU/USDC	+0.0118%	1h	1,040.8	+0.049%	$300K	$351K	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,040.7	+0.041%	$1.4M	$2.6M	20x	as long as short
Nado MU-PERP	+0.0126%	1h	1,040.2	−0.005%	$277K	$841K	10x	as long as short
Arcus MU-USD	+0.0139%	1h	1,040.2	−0.006%	$90K	$148K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0192%	1h	1,039.9	−0.030%	$728K	$1.2M	10x	as long as short
Lighter MU	+0.0208%	1h	1,040.6	+0.032%	$1.0M	$5.0M	20x	as long as short
Bullet MU-USD	+0.0223%	1h	1,040.8	+0.053%	$24K	$386K	10x	as long as short
GRVT MU_USDT_Perp	+0.0224%	8h	1,040.8	+0.053%	$81K	$1.4M	10x	as long as short
tradeXYZ xyz:MU	+0.0252%	1h	1,040.5	+0.024%	$177.4M	$75.7M	10x	as long as short
Phoenix MU	+0.0308%	1h	1,040.4	+0.015%	$532K	$159K	15x	as long as short
Extended MU_24_5-USD	+0.0352%	1h	1,039.5	−0.068%	$551K	$1.1M	10x	as long as short