Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0588%/8h= +64.4% APRpaid last 24h +0.030%

Price spread now: Extended against Orderly−0.119%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.119% cheaper against Orderly than usual: you would sell low and buy high (spread −0.119% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 16 hours of funding at the current rate (+$18 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_MU_USDC_mythos	1,043.8	0.0100	pay 0.0100% / 8h	1h 18m	$830	$799	20x
Short	Extended MU_24_5-USD	1,042.5	0.0688	get 0.0086% / 1h	18m 37s	$544K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Orderly. 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 OrderlybpFee ExtendedbpOrdersPrice spread, now −0.119%Rate

Funding earned: $123.48
Price spread: −0.119% → 0.000%: −$11.89
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $100.59
Costs to cover: 0.110%
Break-even: 1.3 days

Slippage unknown: Orderly: no order-book sample; Extended: 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 Orderly no order-book sample	—	—	—	—	—
Sell Extended live order book, 5 min ago	0.05 bp	2.9 bp −$3	9.8 bp −$98	doesn't fit	doesn't fit

Orderly: 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 MUUSDC	−0.0865%	4h	1,044.1	+0.027%	$1.3M	$673K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,043.6	−0.016%	$62.9M	$29.1M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,043.1	−0.065%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,046	+0.214%	$11K	$6.6M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,043.7	−0.009%	$125K	$442K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,043.4	−0.035%	$1.2M	$4.2M	10x	as long as short
Aftermath Perps MUUSD	+0.0033%	1h	1,043.8	−0.001%	$3K	$45K	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.664%	$14K	$302	12x	as long as short
OKX MU-USDT-SWAP	+0.0036%	8h	1,043.7	−0.011%	$30.8M	$104.8M	50x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,043.3	−0.042%	—	$194K	25x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MU-USD	+0.0050%	1h	1,043.4	−0.036%	$165K	$197K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,043.6	−0.017%	$685K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,042.5	−0.119%	$2.0M	$2.7M	10x	as long as short
QFEX MU-USD	+0.0071%	1h	1,043.5	−0.026%	$7.8M	$24.1M	10x	as long as short
Aster MUUSD1	+0.0089%	8h	1,044.4	+0.060%	$21.5M	$47.4M	20x	as long as short
Pacifica MU	+0.0100%	1h	1,043.5	−0.023%	$154K	$181K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,043.5	−0.032%	$5.2M	$4.0M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,043.5	−0.028%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythoslong	+0.0100%	8h	1,043.8	long leg	$830	$799	20x
Bitget MUUSDT	+0.0103%	8h	1,043.6	−0.017%	$20.4M	$43.0M	50x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,043.6	−0.017%	$33K	—	10x	as long as short
Paradex MU-USD-PERP	+0.0136%	8h	1,043.5	−0.029%	$2K	—	5x	as long as short
Variational Omni MU	+0.0141%	8h	1,044	+0.022%	$2.6M	$2.6M	—	as long as short
Binance MUUSDT	+0.0161%	8h	1,043.8	+0.004%	$124.8M	$535.8M	50x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,043.2	−0.053%	$755K	$1.4M	10x	as long as short
Lighter MU	+0.0200%	1h	1,043.6	−0.016%	$999K	$4.8M	20x	as long as short
Nado MU-PERP	+0.0217%	1h	1,042.8	−0.096%	$266K	$868K	10x	as long as short
GRVT MU_USDT_Perp	+0.0218%	8h	1,044.2	+0.042%	$77K	$1.4M	10x	as long as short
Bybit MUUSDT	+0.0244%	8h	1,043.9	+0.011%	$19.2M	$32.6M	100x	as long as short
Bullet MU-USD	+0.0276%	1h	1,043.7	−0.012%	$27K	$396K	10x	as long as short
BloFin MU-USDT	+0.0280%	8h	1,043.8	+0.002%	$1.4M	$2.0M	20x	as long as short
tradeXYZ xyz:MU	+0.0323%	1h	1,043.5	−0.027%	$176.2M	$106.7M	10x	as long as short
Phoenix MU	+0.0383%	1h	1,044.2	+0.040%	$534K	$306K	15x	as long as short
Arcus MU-USD	+0.0435%	1h	1,043.3	−0.049%	$73K	$241K	10x	as long as short
RISEx MU/USDC	+0.0499%	1h	1,043.9	+0.016%	$295K	$338K	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0613%	1h	1,043.6	−0.021%	$61K	$247K	10x	as long as short
Extended MU_24_5-USDshort	+0.0688%	1h	1,042.5	−0.119%	$544K	$1.1M	10x