Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.062%

Price spread now: RISEx against HTX+0.071%7-day average +0.012% · 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−$22as in the Price arb table

costs, in and out, $10k−$280.279% of the position

Long on HTX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.055%+$5 on $10k

Price spread, last 4 days (all we have)−0.085%−$9 · spread now +0.071%, 7d avg +0.012%

Together, before fees−0.031%−$3 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: RISEx is 0.060% dearer against HTX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MU-USDT	1,037.4	0	get 0.0000% / 8h	1h 28m	$128K	$441K	50x
Short	RISEx MU/USDC	1,038.2	0	get 0.0000% / 1h	28m 33s	$314K	$387K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.071%Rate

Funding earned: $0
Price spread: +0.071% → +0.012%: $5.95
Slippage, 4 orders: −$9.85
Fee HTX: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$21.9
Costs to cover: 0.279%
Break-even: never at this rate

Slippage from HTX: live order book, 15 min ago; RISEx: live order book, 15 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, 15 min ago	0.19 bp	7.0 bp −$7	11.2 bp −$112	22.7 bp −$2,274	doesn't fit
Sell RISEx live order book, 15 min ago	0.63 bp	3.6 bp −$4	5.1 bp −$51	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	−0.0853%	4h	1,037.1	−0.032%	$1.3M	$673K	10x	as long as short
Bitget MUUSDT	−0.0212%	8h	1,038.3	+0.082%	$20.2M	$40.3M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,038.6	+0.110%	$21.2M	$59.1M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,038.1	+0.069%	$121.6M	$537.5M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,038.3	+0.083%	$18.5M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,038.1	+0.064%	$29.9M	$100.0M	50x	as long as short
RISEx MU/USDCshort	0.0000%	1h	1,038.2	+0.071%	$314K	$387K	20x
Gate MU_USDT	0.0000%	8h	1,038	+0.055%	$61.6M	$28.5M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,037.4	−0.005%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,037.6	+0.018%	$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	1,038.1	+0.067%	$188K	$3.5M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,038.1	+0.064%	$26K	$389K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,039.6	+0.209%	$11K	$5.6M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,037.7	+0.025%	$74K	$563K	10x	as long as short
HTX MU-USDTlong	0.0000%	8h	1,037.4	long leg	$128K	$441K	50x
Nado MU-PERP	+0.0001%	1h	1,037.9	+0.048%	$278K	$815K	10x	as long as short
Aftermath Perps MUUSD	+0.0014%	1h	1,036.5	−0.084%	$3K	$44K	10x	as long as short
Lighter MU	+0.0032%	1h	1,038.3	+0.080%	$1.1M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,038.1	+0.067%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,037.8	+0.037%	$540K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,038.1	+0.064%	$7.0M	$18.6M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.344%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,037.2	−0.017%	$70K	$230K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,037.9	+0.045%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,037.9	+0.046%	$176.3M	$88.1M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,037.8	+0.037%	$168K	$195K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,038	+0.051%	$681K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.5	+0.006%	$1.8M	$2.6M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,038.3	+0.080%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,037.6	+0.014%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,037.9	+0.044%	$147K	$190K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,037.9	+0.043%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,037.2	−0.026%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,037.9	+0.045%	$825	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0104%	1h	1,036	−0.135%	$731K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,038.1	+0.069%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,037.8	+0.037%	$531K	$270K	15x	as long as short