Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0293%/8h= −32.1% APRpaid last 24h 0.000%

Price spread now: edgeX against Ondo Perps+0.065%7-day average +0.052% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.760%+$76 on $10k

Price spread, last 7 days−0.122%−$12 · spread now +0.065%, 7d avg +0.052%

Together, before fees+0.637%+ Points / potential airdropOndo Perps: Active · edgeX: Active · farm board+$64 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.052%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.760%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps MU-USD.P	1,035.9	0.0050	pay 0.0006% / 1h	59m 17s	$1.8M	$2.7M	10x
Short	edgeX MUUSDC	1,036.6	−0.0242	pay 0.0121% / 4h	59m 17s	$1.3M	$674K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Ondo Perps. 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 Ondo PerpsbpFee edgeXbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$61.5
Price spread: +0.065% → +0.052%: $1.3
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$74.2
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; edgeX: live order book, 5 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell edgeX live order book, 5 min ago	0.34 bp	4.9 bp −$5	6.6 bp −$66	27.7 bp −$2,766	doesn't fit

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX MUUSDCshort	−0.0242%	4h	1,036.6	+0.065%	$1.3M	$674K	10x
Bitget MUUSDT	−0.0168%	8h	1,036.4	+0.044%	$20.2M	$40.3M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,036.4	+0.046%	$21.1M	$64.1M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,036.2	+0.021%	$122.0M	$538.9M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,036.3	+0.031%	$18.7M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,036.2	+0.020%	$29.7M	$99.9M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,036.3	+0.031%	$313K	$386K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,036.1	+0.015%	$61.4M	$28.2M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,036.4	+0.048%	$2.5M	$2.5M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,036.8	+0.087%	$83K	$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	1,036.6	+0.064%	$187K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,038	+0.202%	$11K	$5.6M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,036	+0.001%	$74K	$584K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,035.9	0.000%	$127K	$460K	50x	as long as short
Aftermath Perps MUUSD	+0.0015%	1h	1,036.7	+0.076%	$3K	$44K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,036.1	+0.016%	$1.1M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,035.7	−0.019%	$547K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,036.2	+0.021%	$7.0M	$18.8M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.489%	$19K	$5K	12x	as long as short
Lighter MU	+0.0040%	1h	1,036.2	+0.029%	$1.0M	$4.9M	20x	as long as short
Arcus MU-USD	+0.0040%	1h	1,036.5	+0.057%	$90K	$244K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,036.3	+0.030%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,035.9	−0.004%	$176.1M	$85.6M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,035.9	−0.004%	$168K	$195K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,036.2	+0.028%	$680K	$15K	10x	as long as short
Ondo Perps MU-USD.Plong	+0.0050%	1h	1,035.9	long leg	$1.8M	$2.7M	10x
Paradex MU-USD-PERP	+0.0051%	8h	1,036.2	+0.023%	$2K	—	5x	as long as short
Bullet MU-USD	+0.0061%	1h	1,036.3	+0.039%	$25K	$390K	10x	as long as short
Nado MU-PERP	+0.0075%	1h	1,035.8	−0.013%	$278K	$809K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,035.8	−0.010%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,038.8	+0.274%	$734K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,036.3	+0.035%	$147K	$188K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,036	+0.003%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,036.1	+0.019%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,036.2	+0.027%	$824	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,036.5	+0.054%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,036.8	+0.083%	$530K	$270K	15x	as long as short