Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: StandX against HTX−0.063%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$350.353% of the position

Long on HTX Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 3 days (all we have)+0.004%$0 · spread now −0.063%, 7d avg −0.011%

Together, before fees−0.024%+ Points / potential airdropStandX: Active · farm board−$2 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: StandX is 0.052% cheaper against HTX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MU-USDT	1,049.9	0	get 0.0000% / 8h	5h 58m	$129K	$427K	50x
Short	StandX MU-USD	1,049.2	0	get 0.0000% / 1h	58m 43s	$190K	$3.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.063%Rate

Funding earned: $0
Price spread: −0.063% → −0.011%: −$5.2
Slippage, 4 orders: −$15.31
Fee HTX: 6 bp × 2 orders: −$12
Fee StandX: 4 bp × 2 orders: −$8
Net: −$40.51
Costs to cover: 0.353%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; StandX: live order book, just now.

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, 5 min ago	3.43 bp	10.1 bp −$10	15.5 bp −$155	27.6 bp −$2,762	doesn't fit
Sell StandX live order book, just now	2.57 bp	7.6 bp −$8	13.9 bp −$139	doesn't fit	doesn't fit

MU on 36 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	−0.0458%	4h	1,050.3	+0.041%	$1.3M	$672K	10x	as long as short
RISEx MU/USDC	0.0000%	1h	1,049.6	−0.027%	$334K	$347K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.1	+0.022%	$62.1M	$27.3M	75x	as long as short
StandX MU-USDshort	0.0000%	1h	1,049.2	−0.063%	$190K	$3.4M	20x
SunX MU-USDT	0.0000%	8h	1,051.2	+0.124%	$11K	$5.9M	10x	as long as short
HTX MU-USDTlong	0.0000%	8h	1,049.9	long leg	$129K	$427K	50x
Bybit MUUSDT	+0.0002%	8h	1,050.8	+0.087%	$19.2M	$32.5M	100x	as long as short
GRVT MU_USDT_Perp	+0.0011%	8h	1,050.4	+0.054%	$79K	$1.3M	10x	as long as short
Aftermath Perps MUUSD	+0.0017%	1h	1,049.2	−0.069%	$3K	$45K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.5	+0.056%	$1.2M	$4.2M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MU_24_5-USD	+0.0032%	1h	1,049.1	−0.071%	$564K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.141%	$19K	$5K	12x	as long as short
QFEX MU-USD	+0.0040%	1h	1,049.3	−0.051%	$7.3M	$18.7M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,049.7	−0.015%	$71K	$235K	10x	as long as short
OKX MU-USDT-SWAP	+0.0042%	8h	1,050.5	+0.059%	$31.0M	$100.3M	50x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,050.1	+0.023%	—	$175K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049.4	−0.046%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,049.6	−0.026%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.4	−0.044%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0059%	8h	1,049.5	−0.035%	$2K	—	5x	as long as short
Lighter MU	+0.0088%	1h	1,050.5	+0.060%	$1.1M	$4.8M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.5	−0.037%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,048.9	−0.098%	$148K	$187K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049.9	−0.002%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.3	+0.038%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,049.9	−0.002%	$835	$799	20x	as long as short
Aster MUUSD1	+0.0120%	8h	1,050.1	+0.021%	$21.7M	$51.9M	20x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,049.6	−0.025%	$32K	$1K	10x	as long as short
Nado MU-PERP	+0.0149%	1h	1,048.7	−0.108%	$278K	$851K	10x	as long as short
Variational Omni MU	+0.0151%	8h	1,050.2	+0.030%	$2.7M	$2.4M	—	as long as short
Binance MUUSDT	+0.0170%	8h	1,050.7	+0.074%	$126.7M	$521.2M	50x	as long as short
Bitget MUUSDT	+0.0175%	8h	1,050.1	+0.024%	$20.6M	$41.2M	50x	as long as short
Bullet MU-USD	+0.0187%	1h	1,049.6	−0.022%	$26K	$396K	10x	as long as short
tradeXYZ xyz:MU	+0.0231%	1h	1,050.2	+0.030%	$178.3M	$99.4M	10x	as long as short
Phoenix MU	+0.0304%	1h	1,050.8	+0.088%	$537K	$271K	15x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0312%	1h	1,049.8	−0.010%	$66K	$350K	10x	as long as short