Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.016%

Price spread now: Binance against Extended+0.038%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$190.193% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 7 days−0.019%−$2 · spread now +0.038%, 7d avg +0.060%

Together, before fees−0.045%+ Points / potential airdropExtended: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.022% cheaper against Extended than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.060%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MU_24_5-USD	1,036.6	0.0032	pay 0.0004% / 1h	32m 12s	$540K	$1.1M	10x
Short	Binance MUUSDT	1,037	0	get 0.0000% / 8h	1h 32m	$121.4M	$537.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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 ExtendedbpFee BinancebpOrdersPrice spread, now +0.038%Rate

Funding earned: −$6.72
Price spread: +0.038% → +0.060%: −$2.23
Slippage, 4 orders: −$4.29
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$28.23
Costs to cover: 0.193%
Break-even: never at this rate

Slippage from Extended: live order book, 1 min ago; Binance: live order book, 12 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 Extended live order book, 1 min ago	0.05 bp	4.6 bp −$5	16.7 bp −$167	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.05 bp	5.1 bp −$5	6.9 bp −$69	16.5 bp −$1,646	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 MUUSDC	−0.0833%	4h	1,036.3	−0.028%	$1.3M	$672K	10x	as long as short
Bitget MUUSDT	−0.0214%	8h	1,037.1	+0.047%	$20.2M	$40.3M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,037.3	+0.074%	$21.1M	$58.8M	20x	as long as short
Binance MUUSDTshort	0.0000%	8h	1,037	+0.038%	$121.4M	$537.4M	50x
Bybit MUUSDT	0.0000%	8h	1,037.1	+0.048%	$18.5M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,037	+0.039%	$29.9M	$100.0M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,036.5	−0.007%	$314K	$387K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,036.3	−0.027%	$61.8M	$28.5M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,036.2	−0.039%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,036.4	−0.017%	$73K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,037	+0.043%	$187K	$3.5M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,036.5	−0.006%	$26K	$389K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,037.8	+0.123%	$11K	$5.6M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,036.3	−0.023%	$74K	$561K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,036.5	−0.003%	$127K	$441K	50x	as long as short
Nado MU-PERP	+0.0004%	1h	1,036.2	−0.030%	$277K	$815K	10x	as long as short
Aftermath Perps MUUSD	+0.0015%	1h	1,036	−0.055%	$3K	$44K	10x	as long as short
Lighter MU	+0.0032%	1h	1,036.9	+0.036%	$1.1M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,037	+0.041%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USDlong	+0.0032%	1h	1,036.6	long leg	$540K	$1.1M	10x
QFEX MU-USD	+0.0032%	1h	1,036.5	−0.006%	$7.0M	$18.6M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.428%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,036.3	−0.028%	$70K	$230K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,036.5	−0.006%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,036.3	−0.025%	$176.0M	$88.0M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,036.2	−0.035%	$168K	$195K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,036.7	+0.015%	$680K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,036	−0.059%	$1.8M	$2.6M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,036.6	+0.005%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,036.2	−0.031%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,036.6	+0.003%	$147K	$190K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,036.3	−0.029%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,036.6	−0.001%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,036.3	−0.024%	$824	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0104%	1h	1,036	−0.052%	$731K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,037.1	+0.050%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,035.9	−0.064%	$530K	$270K	15x	as long as short