Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h −0.056%

Price spread now: StandX against edgeX−0.073%7-day average +0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$370.371% of the position

Long on edgeX Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.893%−$89 on $10k

Price spread, last 7 days+0.088%+$9 · spread now −0.073%, 7d avg +0.038%

Together, before fees−0.805%+ Points / potential airdropedgeX: Active · StandX: Active · farm board−$81 on $10k · with fees, hour by hour

Funding pays, the price is against you. StandX is 0.111% cheaper against edgeX than usual: you would sell low and buy high (spread −0.073% now, against its 7-day average of +0.038%). If the spread goes back, that is −$11 on $10k: about 37 days of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.893%, 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	1,043.5	−0.0010	get 0.0005% / 4h	1h 07m	$1.3M	$672K	10x
Short	StandX MU-USD	1,042.7	0	get 0.0000% / 1h	7m 03s	$188K	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.073%Rate

Funding earned: $2.1
Price spread: −0.073% → +0.038%: −$11.06
Slippage, 4 orders: −$20.13
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee StandX: 4 bp × 2 orders: −$8
Net: −$46.1
Costs to cover: 0.371%
Break-even: 161.0 days

Slippage from edgeX: live order book, 2 min ago; StandX: live order book, 2 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, 2 min ago	5.61 bp	10.2 bp −$10	11.8 bp −$118	34.6 bp −$3,455	doesn't fit
Sell StandX live order book, 2 min ago	3.02 bp	8.4 bp −$8	14.2 bp −$142	doesn't fit	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	−0.0010%	4h	1,043.5	long leg	$1.3M	$672K	10x
Gate MU_USDT	0.0000%	8h	1,043.4	−0.008%	$62.9M	$29.1M	75x	as long as short
StandX MU-USDshort	0.0000%	1h	1,042.7	−0.073%	$188K	$3.3M	20x
SunX MU-USDT	0.0000%	8h	1,045.6	+0.202%	$11K	$6.6M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,043.2	−0.023%	$125K	$442K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,043.3	−0.015%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.695%	$14K	$302	12x	as long as short
Aftermath Perps MUUSD	+0.0036%	1h	1,043.5	+0.004%	$3K	$45K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,043	−0.040%	—	$194K	25x	as long as short
OKX MU-USDT-SWAP	+0.0049%	8h	1,043.4	−0.005%	$30.9M	$104.9M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MU-USD	+0.0050%	1h	1,043.2	−0.025%	$165K	$197K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,043.4	−0.010%	$685K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,042.7	−0.078%	$2.0M	$2.7M	10x	as long as short
QFEX MU-USD	+0.0071%	1h	1,043.2	−0.023%	$7.8M	$24.1M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,043.4	−0.003%	$154K	$181K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,043.2	−0.028%	$5.2M	$4.0M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,043.5	+0.002%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,043.4	−0.010%	$829	$799	20x	as long as short
Aster MUUSD1	+0.0108%	8h	1,043.9	+0.046%	$21.5M	$47.4M	20x	as long as short
Bitget MUUSDT	+0.0114%	8h	1,043.4	−0.009%	$20.5M	$43.0M	50x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,043.3	−0.015%	$33K	—	10x	as long as short
Paradex MU-USD-PERP	+0.0144%	8h	1,043.3	−0.013%	$2K	—	5x	as long as short
Variational Omni MU	+0.0150%	8h	1,043.5	0.000%	$2.6M	$2.6M	—	as long as short
Binance MUUSDT	+0.0172%	8h	1,043.5	+0.008%	$124.6M	$535.2M	50x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,043.2	−0.022%	$755K	$1.4M	10x	as long as short
Lighter MU	+0.0208%	1h	1,043.4	−0.010%	$1.0M	$4.8M	20x	as long as short
GRVT MU_USDT_Perp	+0.0224%	8h	1,043.8	+0.030%	$77K	$1.4M	10x	as long as short
Nado MU-PERP	+0.0234%	1h	1,042.7	−0.077%	$273K	$872K	10x	as long as short
Bybit MUUSDT	+0.0260%	8h	1,043.8	+0.034%	$19.2M	$32.6M	100x	as long as short
Bullet MU-USD	+0.0282%	1h	1,043.4	−0.006%	$26K	$396K	10x	as long as short
BloFin MU-USDT	+0.0292%	8h	1,043.6	+0.009%	$1.4M	$2.0M	20x	as long as short
tradeXYZ xyz:MU	+0.0326%	1h	1,043.3	−0.015%	$176.2M	$106.5M	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0354%	1h	1,043.3	−0.016%	$62K	$251K	10x	as long as short
Phoenix MU	+0.0383%	1h	1,044	+0.052%	$534K	$306K	15x	as long as short
Arcus MU-USD	+0.0435%	1h	1,043	−0.042%	$73K	$241K	10x	as long as short
RISEx MU/USDC	+0.0499%	1h	1,043.7	+0.026%	$295K	$339K	20x	as long as short
Extended MU_24_5-USD	+0.0704%	1h	1,042.4	−0.099%	$547K	$1.1M	10x	as long as short