Settings8H · net · $10k
Funding arb · Price arb /

MU

RWAall MU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0017%/8h= +1.9% APRnext payment +$0.02 per $10,000 · paid last 24h +0.019%
Price spread now: Ondo Perps against Injective−0.584%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.111%+$11 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Funding pays, the price is against you. Ondo Perps is 0.584% cheaper against Injective than usual: you would sell low and buy high (spread −0.584% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$58 on $10k: about 4 months of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.111% in total) that is about 37 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective MU/USDC PERP1,050.70.0033pay 0.0004% / 1h23m 10s$14K$30212x
ShortOndo Perps MU-USD.P1,044.60.0050get 0.0006% / 1h23m 10s$2.0M$2.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against Injective. 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

Funding earned
$3.58
Price spread: −0.584% → 0.000%
−$58.44
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$59.87
Costs to cover
0.050%
Break-even
123.9 days
Slippage unknown: Injective: no order-book sample; Ondo Perps: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell Ondo Perps no order-book sample
Injective and Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MU on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX MUUSDC−0.0561%4h1,045.3−0.512%$1.3M$672K10xas long as short
Gate MU_USDT0.0000%8h1,045.3−0.511%$63.0M$29.1M75xas long as short
StandX MU-USD0.0000%1h1,045.3−0.518%$189K$3.3M20xas long as short
SunX MU-USDT0.0000%8h1,047.1−0.341%$11K$6.5M10xas long as short
Deribit MU_USDC-PERPETUAL0.0000%1h1,045.2−0.521%$62K$274K10xas long as short
HTX MU-USDT0.0000%8h1,045.3−0.517%$129K$455K50xas long as short
Aftermath Perps MUUSD+0.0030%1h1,045−0.540%$3K$45K10xas long as short
Lighter RH MU+0.0032%1h1,045.4−0.506%$1.2M$4.3M10xas long as short
Injective MU/USDC PERPlong+0.0033%1h1,050.7long leg$14K$30212x
Vest MU-USD-PERP+0.0046%1h1,045.7−0.481%$194K25xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps MU-USD+0.0050%1h1,045.2−0.524%$169K$189K10xas long as short
SoDEX MU-USD+0.0050%1h1,045.3−0.520%$686K$16K10xas long as short
Ondo Perps MU-USD.Pshort+0.0050%1h1,044.6−0.584%$2.0M$2.7M10x
OKX MU-USDT-SWAP+0.0073%8h1,045.4−0.502%$30.8M$105.0M50xas long as short
Lighter MU+0.0080%1h1,045.2−0.523%$1.0M$4.9M20xas long as short
QFEX MU-USD+0.0080%1h1,045.5−0.498%$7.8M$23.9M10xas long as short
Pacifica MU+0.0100%1h1,045.5−0.493%$153K$182K10xas long as short
KuCoin MUUSDTM+0.0100%8h1,045.2−0.522%$5.2M$3.9M20xas long as short
ApeX Omni MUUSDT+0.0100%1h1,045.9−0.460%$71K$266K50xas long as short
Orderly PERP_MU_USDC_mythos+0.0100%8h1,045.3−0.513%$831$79920xas long as short
Paradex MU-USD-PERP+0.0116%8h1,045.4−0.508%$2K5xas long as short
Bitget MUUSDT+0.0120%8h1,045.4−0.507%$20.4M$43.5M50xas long as short
Bullet MU-USD+0.0121%1h1,045.4−0.505%$25K$394K10xas long as short
Aevo MU-PERP+0.0128%1h1,045.2−0.524%$33K10xas long as short
Aster MUUSD1+0.0161%8h1,045.9−0.461%$21.5M$47.3M20xas long as short
Nado MU-PERP+0.0167%1h1,045.2−0.525%$271K$875K10xas long as short
Variational Omni MU+0.0183%8h1,045.3−0.517%$2.7M$2.5Mas long as short
Binance MUUSDT+0.0190%8h1,045.5−0.500%$124.3M$533.1M50xas long as short
tradeXYZ xyz:MU+0.0206%1h1,045.2−0.524%$176.6M$104.5M10xas long as short
Coinbase International MU-PERP-INTX+0.0224%1h1,044.9−0.551%$757K$1.3M10xas long as short
GRVT MU_USDT_Perp+0.0226%8h1,045.3−0.519%$82K$1.4M10xas long as short
Bybit MUUSDT+0.0268%8h1,045.5−0.493%$19.2M$32.4M100xas long as short
BloFin MU-USDT+0.0310%8h1,045.5−0.500%$1.5M$2.0M20xas long as short
Extended MU_24_5-USD+0.0408%1h1,045−0.543%$541K$1.1M10xas long as short
Phoenix MU+0.0460%1h1,046.1−0.439%$535K$306K15xas long as short
Arcus MU-USD+0.0462%1h1,045.1−0.535%$70K$244K10xas long as short
RISEx MU/USDC+0.0525%1h1,045.8−0.471%$316K$339K20xas long as short