Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h −0.016%

Price spread now: Orderly against Extended+0.033%7-day average — · you sell dearer than you buy

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

Long on Extended 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 airdropExtended: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.033% dearer against Extended than usual: you sell high and buy low: +$3 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	Extended MU_24_5-USD	1,043.3	0.0032	pay 0.0004% / 1h	50m 40s	$546K	$1.1M	10x
Short	Orderly PERP_MU_USDC_mythos	1,043.7	0.0100	get 0.0100% / 8h	2h 50m	$830	$799	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.033%Rate

Funding earned: $14.28
Price spread: +0.033% → 0.000%: $3.31
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: $6.59
Costs to cover: 0.110%
Break-even: 3.8 days

Slippage unknown: Extended: live order book, 2 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 Extended live order book, 2 min ago	0.05 bp	5.0 bp −$5	12.5 bp −$125	doesn't fit	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 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	−0.0859%	4h	1,043	−0.027%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,044.3	+0.094%	$21.2M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,044	+0.064%	$123.1M	$526.3M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,044.1	+0.071%	$18.6M	$32.1M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,043.9	+0.060%	$30.5M	$100.1M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,044.2	+0.082%	$337K	$354K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,043.8	+0.050%	$62.0M	$27.9M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,043.9	+0.059%	$20.5M	$41.1M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,043.4	+0.010%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,043.5	+0.018%	$83K	$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	1,043.6	+0.029%	$189K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,045.5	+0.210%	$11K	$5.7M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,043.6	+0.031%	$73K	$501K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,043.3	0.000%	$128K	$440K	50x	as long as short
Nado MU-PERP	+0.0018%	1h	1,043.3	−0.001%	$281K	$821K	10x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,042.2	−0.104%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,043.8	+0.048%	$7.0M	$18.0M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,043.8	+0.050%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USDlong	+0.0032%	1h	1,043.3	long leg	$546K	$1.1M	10x
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.772%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0034%	1h	1,043.6	+0.028%	$26K	$392K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,042.9	−0.043%	$70K	$232K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,044.2	+0.088%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,043.7	+0.038%	$177.4M	$93.5M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,043.5	+0.019%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,043.3	0.000%	$685K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,043.1	−0.016%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,043.9	+0.058%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,043.2	−0.014%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,043.9	+0.054%	$147K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,043.6	+0.029%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,043.1	−0.016%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythosshort	+0.0100%	8h	1,043.7	+0.033%	$830	$799	20x
BloFin MU-USDT	+0.0120%	8h	1,043.6	+0.028%	$1.5M	$2.0M	20x	as long as short
Lighter MU	+0.0128%	1h	1,044.2	+0.086%	$1.1M	$4.9M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,043.3	+0.001%	$745K	$1.2M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,043	−0.029%	$534K	$270K	15x	as long as short