Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0240%/8h= +26.2% APRpaid last 24h +0.036%

Price spread now: Arcus against HTX+0.009%7-day average −0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on HTX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.140%+$14 on $10k

Price spread, last 3 days (all we have)−0.040%−$4 · spread now +0.009%, 7d avg −0.039%

Together, before fees+0.101%+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Arcus is 0.048% dearer against HTX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MU-USDT	1,051	0	get 0.0000% / 8h	7h 08m	$129K	$425K	50x
Short	Arcus MU-USD	1,051.1	0.0240	get 0.0030% / 1h	8m 04s	$71K	$242K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against HTX. 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 HTXbpFee ArcusbpOrdersPrice spread, now +0.009%Rate

Funding earned: $50.33
Price spread: +0.009% → −0.039%: $4.79
Slippage, 4 orders: −$16.67
Fee HTX: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $21.95
Costs to cover: 0.332%
Break-even: 3.9 days

Slippage from HTX: live order book, 65 min ago; Arcus: live order book, 65 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 HTX live order book, 65 min ago	1.72 bp	10.3 bp −$10	14.8 bp −$148	20.1 bp −$2,006	doesn't fit
Sell Arcus live order book, 65 min ago	2.49 bp	7.6 bp −$8	9.3 bp −$93	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	−0.0562%	4h	1,050.9	−0.011%	$1.3M	$671K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,051.4	+0.035%	$62.7M	$29.1M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,050.3	−0.071%	$190K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.6	+0.146%	$11K	$6.1M	10x	as long as short
HTX MU-USDTlong	0.0000%	8h	1,051	long leg	$129K	$425K	50x
Aftermath Perps MUUSD	+0.0022%	1h	1,050.9	−0.013%	$3K	$45K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,051.3	+0.025%	$1.2M	$4.2M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.032%	$19K	$5K	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,052.1	+0.104%	—	$179K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,051.2	+0.017%	$171K	$203K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MU-USD.P	+0.0050%	1h	1,050.5	−0.047%	$1.9M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,051.1	+0.009%	$7.6M	$21.2M	10x	as long as short
Lighter MU	+0.0056%	1h	1,051.4	+0.040%	$1.1M	$4.8M	20x	as long as short
SoDEX MU-USD	+0.0068%	1h	1,051.4	+0.033%	$690K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0086%	8h	1,051.3	+0.028%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0087%	1h	1,050.9	−0.012%	$274K	$857K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,051.3	+0.023%	$149K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,051.1	+0.010%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.6	−0.036%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,051.3	+0.026%	$836	$799	20x	as long as short
OKX MU-USDT-SWAP	+0.0107%	8h	1,051.8	+0.071%	$31.0M	$101.7M	50x	as long as short
Aevo MU-PERP	+0.0144%	1h	1,051.1	+0.009%	$32K	$1K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0169%	1h	1,051.2	+0.020%	$65K	$311K	10x	as long as short
Bullet MU-USD	+0.0179%	1h	1,051.5	+0.046%	$26K	$396K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,050.5	−0.051%	$762K	$1.2M	10x	as long as short
tradeXYZ xyz:MU	+0.0206%	1h	1,051.3	+0.027%	$178.5M	$100.1M	10x	as long as short
Bybit MUUSDT	+0.0209%	8h	1,051.9	+0.080%	$19.4M	$32.6M	100x	as long as short
Arcus MU-USDshort	+0.0240%	1h	1,051.1	+0.009%	$71K	$242K	10x
Variational Omni MU	+0.0248%	8h	1,051.1	+0.003%	$2.7M	$2.4M	—	as long as short
Aster MUUSD1	+0.0260%	8h	1,050.8	−0.021%	$21.6M	$48.4M	20x	as long as short
Binance MUUSDT	+0.0264%	8h	1,051.7	+0.063%	$126.5M	$521.3M	50x	as long as short
Extended MU_24_5-USD	+0.0304%	1h	1,050.8	−0.021%	$559K	$1.2M	10x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,051.5	+0.044%	$316K	$339K	20x	as long as short
BloFin MU-USDT	+0.0381%	8h	1,051.3	+0.029%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0383%	1h	1,051.5	+0.046%	$538K	$306K	15x	as long as short
Bitget MUUSDT	+0.0414%	8h	1,051.6	+0.052%	$20.6M	$41.6M	50x	as long as short
GRVT MU_USDT_Perp	+0.0590%	8h	1,051.8	+0.076%	$83K	$1.3M	10x	as long as short