Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.030%

Price spread now: Binance against HTX+0.013%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

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

costs, in and out, $10k−$310.306% of the position

Long on HTX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.160%+$16 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now +0.013%, 7d avg −0.013%

Together, before fees+0.172%+$17 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.026% dearer against HTX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MU-USDT	1,040	0	get 0.0000% / 8h	2h 59m	$128K	$439K	50x
Short	Binance MUUSDT	1,040.2	0	get 0.0000% / 8h	2h 59m	$123.1M	$526.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → −0.013%: $2.59
Slippage, 4 orders: −$8.64
Fee HTX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$28.04
Costs to cover: 0.306%
Break-even: never at this rate

Slippage from HTX: live order book, 54 min ago; Binance: live order book, 14 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, 54 min ago	2.81 bp	10.5 bp −$11	15.3 bp −$153	22.0 bp −$2,200	doesn't fit
Sell Binance live order book, 14 min ago	0.05 bp	5.4 bp −$5	7.3 bp −$73	14.1 bp −$1,405	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	−0.0910%	4h	1,040.2	+0.017%	$1.3M	$673K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,040.5	+0.048%	$21.1M	$57.2M	20x	as long as short
Binance MUUSDTshort	0.0000%	8h	1,040.2	+0.013%	$123.1M	$526.5M	50x
Bybit MUUSDT	0.0000%	8h	1,040.3	+0.025%	$18.5M	$32.0M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,040.4	+0.036%	$30.4M	$99.8M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,040.3	+0.031%	$336K	$354K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,040.2	+0.016%	$61.8M	$27.8M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,040.5	+0.043%	$20.4M	$41.7M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,039.9	−0.016%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,040.5	+0.042%	$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	1,040.4	+0.035%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,042.1	+0.199%	$12K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,040	+0.001%	$73K	$494K	10x	as long as short
HTX MU-USDTlong	0.0000%	8h	1,040	long leg	$128K	$439K	50x
Aftermath Perps MUUSD	+0.0022%	1h	1,041.4	+0.129%	$3K	$44K	10x	as long as short
Nado MU-PERP	+0.0031%	1h	1,040.5	+0.041%	$280K	$823K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,040	−0.003%	$7.0M	$18.1M	10x	as long as short
Lighter MU	+0.0032%	1h	1,040.3	+0.026%	$1.1M	$4.7M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,040.2	+0.015%	$1.2M	$4.3M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,039.6	−0.039%	$546K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.089%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0035%	1h	1,040.6	+0.055%	$26K	$392K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,040.6	+0.059%	$70K	$232K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,040.7	+0.061%	—	$176K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,040.3	+0.026%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,040.1	+0.004%	$683K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,040.2	+0.018%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,038.9	−0.109%	$1.8M	$2.3M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,039.9	−0.011%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,040.2	+0.015%	$147K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,039.7	−0.029%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,040.2	+0.012%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,040.3	+0.023%	$827	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,040.1	+0.002%	$746K	$1.1M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,040.4	+0.037%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0305%	1h	1,043.1	+0.295%	$534K	$271K	15x	as long as short
tradeXYZ xyz:MU	+0.0320%	1h	1,039.9	−0.012%	$176.8M	$95.0M	10x	as long as short