Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0099%/8h= −10.9% APRpaid last 24h +0.036%

Price spread now: edgeX against OKX−0.041%51s7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs+$50as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$210.208% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.709%+$71 on $10k

Price spread, last 7 days+0.014%+$1 · spread now −0.041%, 7d avg −0.030%

Together, before fees+0.723%+ Points / potential airdropedgeX: Active · farm board+$72 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.030%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.709%, so the current rate has only just turned against you. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MU-USDT-SWAP	1,052.5	0.0017	pay 0.0017% / 8h	5h 06m	$31.1M	$100.0M	50x
Short	edgeX MUUSDC	1,052	−0.0083	pay 0.0041% / 4h	1h 06m	$1.3M	$671K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against OKX. 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 OKXbpFee edgeXbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$20.82
Price spread: −0.041% → −0.030%: −$1.08
Slippage, 4 orders: −$1.76
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$42.66
Costs to cover: 0.208%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; edgeX: live order book, 2 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 OKX live order book, 2 min ago	0.05 bp	5.3 bp −$5	7.3 bp −$73	20.2 bp −$2,021	doesn't fit
Sell edgeX live order book, 2 min ago	0.28 bp	4.9 bp −$5	6.8 bp −$68	29.9 bp −$2,989	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 MUUSDCshort	−0.0083%	4h	1,052	−0.041%	$1.3M	$671K	10x
RISEx MU/USDC	0.0000%	1h	1,052.5	+0.007%	$334K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,052.3	−0.018%	$62.0M	$27.6M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.3	−0.014%	$78K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,052.2	−0.029%	$190K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,054.3	+0.173%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,052	−0.043%	$130K	$430K	50x	as long as short
Bybit MUUSDT	+0.0009%	8h	1,052.8	+0.030%	$19.2M	$32.3M	100x	as long as short
OKX MU-USDT-SWAPlong	+0.0017%	8h	1,052.5	long leg	$31.1M	$100.0M	50x
Aftermath Perps MUUSD	+0.0018%	1h	1,051.7	−0.072%	$3K	$44K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MU-USD	+0.0030%	1h	1,052.2	−0.029%	$7.2M	$18.1M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,052.2	−0.029%	$1.3M	$4.5M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.105%	$19K	$5K	12x	as long as short
Aster MUUSD1	+0.0038%	8h	1,052.3	−0.017%	$21.4M	$54.7M	20x	as long as short
Arcus MU-USD	+0.0040%	1h	1,051.8	−0.060%	$71K	$234K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.4	+0.091%	—	$175K	25x	as long as short
Nado MU-PERP	+0.0047%	1h	1,052	−0.047%	$282K	$845K	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,052.2	−0.026%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052.4	−0.008%	$691K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.5	−0.090%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0054%	8h	1,052.5	+0.004%	$2K	—	5x	as long as short
Lighter MU	+0.0056%	1h	1,052.2	−0.022%	$1.1M	$5.1M	20x	as long as short
tradeXYZ xyz:MU	+0.0062%	1h	1,052.1	−0.035%	$178.5M	$98.9M	10x	as long as short
Bullet MU-USD	+0.0065%	1h	1,052.5	+0.005%	$26K	$398K	10x	as long as short
Extended MU_24_5-USD	+0.0072%	1h	1,051.6	−0.079%	$564K	$1.1M	10x	as long as short
Variational Omni MU	+0.0081%	8h	1,051.9	−0.054%	$2.7M	$2.4M	—	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,051.9	−0.050%	$758K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,052.5	−0.001%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,052	−0.042%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,051.8	−0.061%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.3	−0.017%	$837	$799	20x	as long as short
Aevo MU-PERP	+0.0104%	1h	1,052.1	−0.038%	$32K	$1K	10x	as long as short
Binance MUUSDT	+0.0105%	8h	1,052.4	−0.007%	$126.7M	$518.0M	50x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0111%	1h	1,052.3	−0.017%	$69K	$389K	10x	as long as short
Bitget MUUSDT	+0.0133%	8h	1,052.4	−0.011%	$20.6M	$41.0M	50x	as long as short
BloFin MU-USDT	+0.0227%	8h	1,052.2	−0.027%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0229%	1h	1,052.7	+0.022%	$538K	$271K	15x	as long as short