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 0.000%

Price spread now: SunX against HTX+0.190%7-day average +0.149% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

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

costs, in and out, $10k−$780.780% of the position

Long on HTX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.135%−$14 · spread now +0.190%, 7d avg +0.149%

Together, before fees−0.135%−$14 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: SunX is 0.041% dearer against HTX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.149%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MU-USDT	1,048	0	get 0.0000% / 8h	7h 54m	$130K	$418K	50x
Short	SunX MU-USDT	1,049.9	0	get 0.0000% / 8h	7h 54m	$11K	$6.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.190%Rate

Funding earned: $0
Price spread: +0.190% → +0.149%: $4.13
Slippage, 4 orders: −$57.95
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$73.82
Costs to cover: 0.780%
Break-even: never at this rate

Slippage from HTX: live order book, 19 min ago; SunX: live order book, 4 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, 19 min ago	1.72 bp	10.3 bp −$10	14.8 bp −$148	20.1 bp −$2,006	doesn't fit
Sell SunX live order book, 4 min ago	21.54 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	−0.0946%	4h	1,047	−0.095%	$1.3M	$671K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,048.6	+0.060%	$63.2M	$28.3M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,046.9	−0.102%	$189K	$3.3M	20x	as long as short
SunX MU-USDTshort	0.0000%	8h	1,049.9	+0.190%	$11K	$6.4M	10x
HTX MU-USDTlong	0.0000%	8h	1,048	long leg	$130K	$418K	50x
Aftermath Perps MUUSD	+0.0024%	1h	1,045.8	−0.206%	$3K	$44K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,048.2	+0.020%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.263%	$14K	$251	12x	as long as short
Lighter MU	+0.0040%	1h	1,048.3	+0.031%	$1.1M	$4.7M	20x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,048.7	+0.068%	—	$194K	25x	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	1,046.4	−0.145%	$2.0M	$2.2M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,048.5	+0.048%	$7.9M	$23.5M	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0055%	1h	1,048	+0.003%	$62K	$291K	10x	as long as short
Nado MU-PERP	+0.0063%	1h	1,047.8	−0.012%	$271K	$863K	10x	as long as short
OKX MU-USDT-SWAP	+0.0088%	8h	1,049.1	+0.109%	$31.0M	$101.8M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,048.1	+0.012%	$153K	$180K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,047.6	−0.034%	$5.3M	$3.7M	20x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,048.3	+0.031%	$833	$799	20x	as long as short
Paradex MU-USD-PERP	+0.0106%	8h	1,048.2	+0.027%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,047.3	−0.065%	$34K	—	10x	as long as short
Bitget MUUSDT	+0.0138%	8h	1,048.8	+0.082%	$20.6M	$41.6M	50x	as long as short
Variational Omni MU	+0.0168%	8h	1,048.2	+0.019%	$2.7M	$2.5M	—	as long as short
Aster MUUSD1	+0.0175%	8h	1,048	+0.007%	$21.6M	$47.8M	20x	as long as short
Binance MUUSDT	+0.0183%	8h	1,048.9	+0.090%	$125.4M	$526.5M	50x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,046.7	−0.123%	$759K	$1.3M	10x	as long as short
GRVT MU_USDT_Perp	+0.0195%	8h	1,048	+0.002%	$82K	$1.4M	10x	as long as short
Arcus MU-USD	+0.0240%	1h	1,046.7	−0.116%	$71K	$243K	10x	as long as short
Bybit MUUSDT	+0.0265%	8h	1,049.1	+0.112%	$19.3M	$32.6M	100x	as long as short
BloFin MU-USDT	+0.0303%	8h	1,048.4	+0.044%	$1.5M	$2.0M	20x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,048.5	+0.053%	$315K	$339K	20x	as long as short
SoDEX MU-USD	+0.0439%	1h	1,048.2	+0.019%	$688K	$16K	10x	as long as short
ApeX Omni MUUSDT	+0.0451%	1h	1,048.3	+0.036%	$71K	$267K	50x	as long as short
Phoenix MU	+0.0460%	1h	1,048	+0.005%	$536K	$306K	15x	as long as short
Extended MU_24_5-USD	+0.0536%	1h	1,044.4	−0.343%	$550K	$1.0M	10x	as long as short
Polymarket Perps MU-USD	+0.0708%	1h	1,047.3	−0.062%	$169K	$202K	10x	as long as short
Bullet MU-USD	+0.0984%	1h	1,048.2	+0.028%	$26K	$394K	10x	as long as short
tradeXYZ xyz:MU	+0.1138%	1h	1,047.7	−0.024%	$177.6M	$100.3M	10x	as long as short