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% APRpaid last 24h +0.049%

Price spread now: RISEx against OKX+0.025%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$180.182% of the position

Long on OKX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.005%+$1 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.025%, 7d avg +0.012%

Together, before fees−0.016%−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MU-USDT-SWAP	1,036.1	0	get 0.0000% / 8h	51m 24s	$29.7M	$100.0M	50x
Short	RISEx MU/USDC	1,036.4	0	get 0.0000% / 1h	51m 24s	$313K	$385K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.025%Rate

Funding earned: $0
Price spread: +0.025% → +0.012%: $1.3
Slippage, 4 orders: −$2.24
Fee OKX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$16.94
Costs to cover: 0.182%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; RISEx: live order book, 52 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	5.9 bp −$6	8.2 bp −$82	19.8 bp −$1,981	doesn't fit
Sell RISEx live order book, 52 min ago	0.63 bp	3.6 bp −$4	5.1 bp −$51	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	−0.0721%	4h	1,036	−0.010%	$1.3M	$672K	10x	as long as short
Bitget MUUSDT	−0.0215%	8h	1,036.7	+0.055%	$20.2M	$40.0M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,036.7	+0.056%	$21.1M	$64.5M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,036.4	+0.028%	$122.0M	$538.2M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,036.4	+0.029%	$18.7M	$32.2M	100x	as long as short
OKX MU-USDT-SWAPlong	0.0000%	8h	1,036.1	long leg	$29.7M	$100.0M	50x
RISEx MU/USDCshort	0.0000%	1h	1,036.4	+0.025%	$313K	$385K	20x
Gate MU_USDT	0.0000%	8h	1,036.2	+0.005%	$61.4M	$28.2M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,035.7	−0.042%	$2.5M	$2.5M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,035.8	−0.035%	$82K	$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	1,036.1	−0.001%	$187K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,037.7	+0.152%	$11K	$5.6M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,035.7	−0.037%	$74K	$592K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,035.7	−0.043%	$127K	$460K	50x	as long as short
Aftermath Perps MUUSD	+0.0016%	1h	1,035.9	−0.021%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0021%	1h	1,036.1	+0.002%	$7.0M	$18.8M	10x	as long as short
Nado MU-PERP	+0.0028%	1h	1,036	−0.016%	$277K	$807K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,036.3	+0.014%	$1.1M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,035.7	−0.042%	$546K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.471%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0037%	1h	1,036.4	+0.023%	$24K	$390K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,035.6	−0.051%	$90K	$244K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,036.1	−0.004%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,036	−0.012%	$176.2M	$84.0M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,036	−0.012%	$168K	$195K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,035.9	−0.024%	$680K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,034.7	−0.141%	$1.8M	$2.7M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,036.5	+0.038%	$2K	—	5x	as long as short
Lighter MU	+0.0056%	1h	1,036.7	+0.058%	$1.0M	$4.9M	20x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,036	−0.012%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,038.8	+0.257%	$734K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,036.4	+0.022%	$147K	$188K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,036	−0.016%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,036.6	+0.046%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,036.2	+0.010%	$824	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,036.2	+0.004%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0232%	1h	1,035.6	−0.050%	$530K	$270K	15x	as long as short