Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.036%

Price spread now: Extended against OKX−0.048%7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$200.196% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 7 days+0.035%+$4 · spread now −0.048%, 7d avg −0.054%

Together, before fees+0.098%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.054%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MU-USDT-SWAP	1,045.2	0	get 0.0000% / 8h	3h 25m	$31.0M	$99.3M	50x
Short	Extended MU_24_5-USD	1,044.7	0.0032	get 0.0004% / 1h	25m 35s	$549K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.048%Rate

Funding earned: $6.72
Price spread: −0.048% → −0.054%: $0.53
Slippage, 4 orders: −$4.58
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$12.33
Costs to cover: 0.196%
Break-even: 19.8 days

Slippage from OKX: live order book, 3 min ago; Extended: live order book, 3 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, 3 min ago	0.05 bp	5.2 bp −$5	7.8 bp −$78	18.5 bp −$1,847	doesn't fit
Sell Extended live order book, 3 min ago	0.05 bp	2.8 bp −$3	9.1 bp −$91	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	−0.0080%	4h	1,046.5	+0.120%	$1.3M	$671K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,046.1	+0.079%	$21.3M	$56.5M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,045.5	+0.022%	$124.4M	$521.1M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,045.6	+0.037%	$18.8M	$31.8M	100x	as long as short
OKX MU-USDT-SWAPlong	0.0000%	8h	1,045.2	long leg	$31.0M	$99.3M	50x
RISEx MU/USDC	0.0000%	1h	1,045.6	+0.031%	$338K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,045.3	+0.001%	$62.1M	$27.8M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,045.4	+0.019%	$20.5M	$41.5M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,045.4	+0.019%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,046.9	+0.155%	$79K	$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	1,047.2	+0.183%	$189K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,046	+0.069%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,045.3	+0.006%	$73K	$475K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.2	−0.002%	$130K	$432K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,045.9	+0.064%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,045.2	−0.001%	$7.0M	$17.9M	10x	as long as short
Lighter MU	+0.0032%	1h	1,045.4	+0.014%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,045.3	+0.007%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USDshort	+0.0032%	1h	1,044.7	−0.048%	$549K	$1.1M	10x
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.586%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,045.9	+0.058%	$71K	$233K	10x	as long as short
Nado MU-PERP	+0.0042%	1h	1,045.4	+0.013%	$281K	$828K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,046.4	+0.113%	—	$176K	25x	as long as short
Bullet MU-USD	+0.0049%	1h	1,045.7	+0.044%	$25K	$394K	10x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,045.1	−0.013%	$176.9M	$96.6M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,045.4	+0.015%	$170K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,045.5	+0.024%	$686K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,045.4	+0.018%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,045.9	+0.063%	$1.9M	$2.2M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,045.1	−0.012%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,045.4	+0.016%	$147K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,045.5	+0.021%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,046.6	+0.125%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,045.8	+0.051%	$831	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,045.6	+0.030%	$752K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,046.1	+0.077%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0305%	1h	1,046.4	+0.111%	$535K	$271K	15x	as long as short