Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0815%/8h= −89.2% APRpaid last 24h −0.010%

Price spread now: edgeX against Paradex+0.146%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

The price spread pays, funding is against you. edgeX is 0.146% dearer against Paradex than usual: you sell high and buy low (spread +0.146% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex MU-USD-PERP	1,036.8	0.0053	pay 0.0053% / 8h	1h 46m	$2K	—	5x
Short	edgeX MUUSDC	1,038.3	−0.0762	pay 0.0381% / 4h	1h 46m	$1.3M	$673K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Paradex. 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 ParadexbpFee edgeXbpOrdersPrice spread, now +0.146%Rate

Funding earned: −$171.13
Price spread: +0.146% → 0.000%: $14.63
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$169.49
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; edgeX: 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 Paradex no order-book sample	—	—	—	—	—
Sell edgeX live order book, 2 min ago	0.29 bp	4.9 bp −$5	6.9 bp −$69	31.2 bp −$3,120	doesn't fit

Paradex: 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	−0.0762%	4h	1,038.3	+0.146%	$1.3M	$673K	10x
Bitget MUUSDT	−0.0111%	8h	1,036.3	−0.043%	$20.2M	$41.4M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,036.6	−0.012%	$21.1M	$57.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,036.2	−0.056%	$121.4M	$537.2M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,036.2	−0.054%	$18.5M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,036	−0.071%	$29.9M	$101.3M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,036.8	+0.004%	$315K	$384K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,036.1	−0.065%	$61.4M	$28.3M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,037.8	+0.097%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,037.8	+0.104%	$75K	$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	1,038.5	+0.172%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,037.8	+0.100%	$11K	$5.6M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,036.4	−0.032%	$74K	$548K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,036.4	−0.034%	$127K	$441K	50x	as long as short
Aftermath Perps MUUSD	+0.0018%	1h	1,037.5	+0.067%	$3K	$44K	10x	as long as short
Bullet MU-USD	+0.0022%	1h	1,036.6	−0.014%	$25K	$389K	10x	as long as short
Nado MU-PERP	+0.0030%	1h	1,037.2	+0.039%	$276K	$816K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,036.4	−0.032%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,035.6	−0.116%	$541K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,036.5	−0.028%	$7.0M	$18.5M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.409%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,037.2	+0.047%	$70K	$230K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,036.6	−0.015%	—	$175K	25x	as long as short
Lighter MU	+0.0048%	1h	1,036.5	−0.021%	$1.1M	$4.9M	20x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,036	−0.073%	$176.1M	$89.2M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,036.3	−0.044%	$168K	$196K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,036.5	−0.023%	$680K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,035.9	−0.082%	$1.9M	$2.6M	10x	as long as short
Paradex MU-USD-PERPlong	+0.0053%	8h	1,036.8	long leg	$2K	—	5x
Aevo MU-PERP	+0.0080%	1h	1,036.3	−0.047%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,036.6	−0.017%	$147K	$190K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,036	−0.077%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,037.4	+0.057%	$70K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,036.4	−0.031%	$824	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0104%	1h	1,037.6	+0.079%	$732K	$1.3M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,036.8	+0.003%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,037.7	+0.091%	$531K	$270K	15x	as long as short