Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.046%

Price spread now: SunX against Extended+0.114%7-day average +0.185% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$670.672% of the position

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.186%−$19 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now +0.114%, 7d avg +0.185%

Together, before fees−0.172%+ Points / potential airdropExtended: Active · farm board−$17 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 SunX is 0.071% cheaper against Extended than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.185%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MU_24_5-USD	1,047.4	0.0032	pay 0.0004% / 1h	49m 11s	$563K	$1.1M	10x
Short	SunX MU-USDT	1,048.6	0	get 0.0000% / 8h	3h 49m	$11K	$5.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.114%Rate

Funding earned: −$6.72
Price spread: +0.114% → +0.185%: −$7.09
Slippage, 4 orders: −$54.23
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$81.04
Costs to cover: 0.672%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; SunX: live order book, 10 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, 4 min ago	0.14 bp	3.5 bp −$4	10.2 bp −$102	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	21.59 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 MUUSDC	−0.0827%	4h	1,049.7	+0.219%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,048.3	+0.085%	$21.3M	$55.7M	20x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,047.7	+0.029%	$31.2M	$99.4M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,048.3	+0.081%	$338K	$351K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,048	+0.050%	$62.5M	$27.6M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,048.1	+0.065%	$20.5M	$41.3M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,049.1	+0.155%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,049.9	+0.232%	$82K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,048.3	+0.082%	$189K	$3.4M	20x	as long as short
SunX MU-USDTshort	0.0000%	8h	1,048.6	+0.114%	$11K	$5.8M	10x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,047.8	+0.034%	$73K	$461K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,048.3	+0.085%	$130K	$430K	50x	as long as short
Bybit MUUSDT	+0.0002%	8h	1,048	+0.057%	$19.0M	$31.9M	100x	as long as short
Binance MUUSDT	+0.0005%	8h	1,047.8	+0.030%	$125.7M	$516.9M	50x	as long as short
BloFin MU-USDT	+0.0020%	8h	1,048	+0.053%	$1.5M	$2.0M	20x	as long as short
Aftermath Perps MUUSD	+0.0024%	1h	1,048.8	+0.133%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,048	+0.054%	$7.1M	$17.8M	10x	as long as short
Lighter MU	+0.0032%	1h	1,047.8	+0.032%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,047.6	+0.017%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USDlong	+0.0032%	1h	1,047.4	long leg	$563K	$1.1M	10x
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.375%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,048.9	+0.135%	$71K	$233K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,049	+0.152%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,047.7	+0.025%	$177.8M	$97.1M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,047.8	+0.035%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,047.8	+0.036%	$688K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,047.7	+0.022%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,048.2	+0.070%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0059%	1h	1,047.8	+0.033%	$281K	$832K	10x	as long as short
Bullet MU-USD	+0.0065%	1h	1,048.1	+0.063%	$26K	$395K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,047.6	+0.018%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,048	+0.057%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,047.9	+0.045%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.1	+0.252%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,048	+0.053%	$833	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,050	+0.248%	$757K	$1.2M	10x	as long as short
Phoenix MU	+0.0305%	1h	1,050.1	+0.254%	$537K	$271K	15x	as long as short