Funding arb · Price arb /

MU

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: StandX against Orderly−0.164%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 StandX

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 airdropStandX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and StandX is 0.164% cheaper against Orderly than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_MU_USDC_mythos	1,027.6	0.0100	pay 0.0100% / 8h	7h 21m	$817	$799	20x
Short	StandX MU-USD	1,025.9	0	get 0.0000% / 1h	21m 56s	$185K	$3.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.164%Rate

Funding earned: −$21
Price spread: −0.164% → 0.000%: −$16.45
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee StandX: 4 bp × 2 orders: −$8
Net: −$51.45
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; StandX: live order book, 2 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 StandX live order book, 2 min ago	2.48 bp	8.2 bp −$8	14.2 bp −$142	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	−0.0955%	4h	1,025.2	−0.229%	$1.3M	$695K	10x	as long as short
Bitget MUUSDT	−0.0001%	8h	1,028.4	+0.075%	$19.8M	$41.1M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,028.4	+0.076%	$21.0M	$69.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,028.5	+0.092%	$121.6M	$548.8M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,028.5	+0.091%	$18.6M	$32.4M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,028.6	+0.093%	$29.1M	$103.1M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,028	+0.037%	$293K	$387K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,028.1	+0.051%	$61.7M	$28.3M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,024.7	−0.279%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,025.4	−0.214%	$73K	$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-USDshort	0.0000%	1h	1,025.9	−0.164%	$185K	$3.6M	20x
SunX MU-USDT	0.0000%	8h	1,029.1	+0.142%	$11K	$5.3M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,027.9	+0.027%	$118K	$494K	50x	as long as short
QFEX MU-USD	+0.0027%	1h	1,028.6	+0.097%	$6.9M	$18.9M	10x	as long as short
Aftermath Perps MUUSD	+0.0029%	1h	1,025.9	−0.164%	$3K	$43K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,027.9	+0.026%	$1.1M	$4.5M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,027.2	−0.035%	$544K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+2.313%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,028	+0.038%	$89K	$243K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,027.6	+0.004%	—	$179K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,027.6	+0.001%	$166K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,028	+0.035%	$675K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,026.9	−0.064%	$1.9M	$3.1M	10x	as long as short
Paradex MU-USD-PERP	+0.0065%	8h	1,028.5	+0.088%	$2K	—	5x	as long as short
Lighter MU	+0.0080%	1h	1,028.2	+0.056%	$994K	$5.0M	20x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,027.6	+0.003%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,024.5	−0.301%	$716K	$1.1M	10x	as long as short
tradeXYZ xyz:MU	+0.0098%	1h	1,027.9	+0.030%	$173.7M	$78.8M	10x	as long as short
Nado MU-PERP	+0.0100%	1h	1,027.7	+0.008%	$265K	$813K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,028	+0.038%	$146K	$194K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,027.3	−0.033%	$5.1M	$4.7M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,025.8	−0.175%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythoslong	+0.0100%	8h	1,027.6	long leg	$817	$799	20x
BloFin MU-USDT	+0.0120%	8h	1,027.2	−0.042%	$1.5M	$2.3M	20x	as long as short
Bullet MU-USD	+0.0143%	1h	1,028.1	+0.045%	$25K	$388K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0217%	1h	1,028	+0.041%	$72K	$630K	10x	as long as short
Phoenix MU	+0.0231%	1h	1,025	−0.252%	$525K	$270K	15x	as long as short