Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0658%/8h= +72.0% APRpaid last 24h −0.082%

Price spread now: SunX against edgeX+0.104%7-day average +0.156% · you sell dearer than you buy

Net, funding: paid 7d − costs−$153as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$680.681% of the position

Long on edgeX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.854%−$85 on $10k

Price spread, last 3 days (all we have)−0.023%−$2 · spread now +0.104%, 7d avg +0.156%

Together, before fees−0.876%+ Points / potential airdropedgeX: Active · farm board−$88 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 0.052% cheaper against edgeX than usual: you would sell low and buy high (spread +0.104% now, against its 7-day average of +0.156%). If the spread goes back, that is −$5 on $10k: about 6 hours of funding at the current rate (+$20 a day). Mind the row above: over the last 7 days funding on this pair cost −0.854%, 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	1,049.1	−0.0658	get 0.0329% / 4h	2h 41m	$1.3M	$670K	10x
Short	SunX MU-USDT	1,050.2	0	get 0.0000% / 8h	6h 41m	$11K	$6.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.104%Rate

Funding earned: $138.18
Price spread: +0.104% → +0.156%: −$5.22
Slippage, 4 orders: −$51.08
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: $64.87
Costs to cover: 0.681%
Break-even: 3.7 days

Slippage from edgeX: live order book, 3 min ago; SunX: live order book, 7 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	0.29 bp	4.9 bp −$5	6.5 bp −$65	28.9 bp −$2,889	doesn't fit
Sell SunX live order book, 7 min ago	21.56 bp	32.8 bp −$33	doesn't fit	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	−0.0658%	4h	1,049.1	long leg	$1.3M	$670K	10x
Nado MU-PERP	−0.0002%	1h	1,048.7	−0.041%	$273K	$858K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,049.1	+0.001%	$62.3M	$27.5M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,048.9	−0.023%	$190K	$3.4M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,049.3	+0.014%	$26K	$396K	10x	as long as short
SunX MU-USDTshort	0.0000%	8h	1,050.2	+0.104%	$11K	$6.1M	10x
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,048.8	−0.029%	$65K	$325K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,048.8	−0.028%	$129K	$429K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,049	−0.012%	$3K	$45K	10x	as long as short
Bybit MUUSDT	+0.0029%	8h	1,049.4	+0.029%	$19.2M	$32.6M	100x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MU	+0.0032%	1h	1,048.8	−0.032%	$1.1M	$4.8M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,048.8	−0.029%	$1.1M	$4.1M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,048.5	−0.055%	$559K	$1.2M	10x	as long as short
QFEX MU-USD	+0.0040%	1h	1,048.7	−0.036%	$7.5M	$20.2M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,049	−0.008%	$71K	$242K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,050	+0.081%	—	$176K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,048.9	−0.019%	$170K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,048.9	−0.020%	$688K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,048.2	−0.090%	$1.9M	$2.4M	10x	as long as short
tradeXYZ xyz:MU	+0.0065%	1h	1,049	−0.009%	$178.2M	$100.1M	10x	as long as short
Paradex MU-USD-PERP	+0.0070%	8h	1,048.9	−0.017%	$2K	—	5x	as long as short
OKX MU-USDT-SWAP	+0.0077%	8h	1,049	−0.006%	$30.8M	$100.6M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,048.7	−0.040%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049.1	−0.005%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,048.5	−0.060%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,049.2	+0.006%	$834	$799	20x	as long as short
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.216%	$19K	$5K	12x	as long as short
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,050.3	+0.112%	$761K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,048.8	−0.026%	$32K	$1K	10x	as long as short
Aster MUUSD1	+0.0219%	8h	1,049.3	+0.020%	$21.6M	$49.6M	20x	as long as short
Variational Omni MU	+0.0219%	8h	1,049	−0.005%	$2.7M	$2.4M	—	as long as short
Binance MUUSDT	+0.0232%	8h	1,049.1	−0.001%	$126.3M	$524.5M	50x	as long as short
GRVT MU_USDT_Perp	+0.0233%	8h	1,049.7	+0.062%	$81K	$1.3M	10x	as long as short
Phoenix MU	+0.0304%	1h	1,049.3	+0.019%	$537K	$273K	15x	as long as short
Bitget MUUSDT	+0.0312%	8h	1,049.1	0.000%	$20.3M	$41.9M	50x	as long as short
BloFin MU-USDT	+0.0368%	8h	1,049.8	+0.068%	$1.5M	$2.0M	20x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,049.3	+0.016%	$333K	$348K	20x	as long as short