Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0517%/8h= +56.6% APRpaid last 24h −0.018%

Price spread now: Extended against Paradex−0.094%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Extended

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 · Extended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.094% cheaper against Paradex than usual: you would sell low and buy high (spread −0.094% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 15 hours of funding at the current rate (+$16 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex MU-USD-PERP	1,043.1	0.0107	pay 0.0107% / 8h	1h 59m	$2K	—	5x
Short	Extended MU_24_5-USD	1,042.2	0.0624	get 0.0078% / 1h	59m 30s	$540K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.094%Rate

Funding earned: $108.59
Price spread: −0.094% → 0.000%: −$9.45
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $90.15
Costs to cover: 0.090%
Break-even: 1.2 days

Slippage unknown: Paradex: no order-book sample; Extended: live order book, 4 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 Extended live order book, 4 min ago	0.05 bp	3.3 bp −$3	7.8 bp −$78	doesn't fit	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 MUUSDC	−0.0011%	4h	1,042.9	−0.019%	$1.3M	$674K	10x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,043.5	+0.034%	$30.7M	$104.4M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,043.4	+0.021%	$62.9M	$28.8M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,042.6	−0.049%	$188K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,044.8	+0.162%	$11K	$6.7M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,042.7	−0.041%	$125K	$441K	50x	as long as short
Aster MUUSD1	+0.0011%	8h	1,043.6	+0.039%	$21.5M	$46.9M	20x	as long as short
Aftermath Perps MUUSD	+0.0029%	1h	1,042.5	−0.066%	$3K	$44K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,043	−0.017%	$1.1M	$4.2M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.726%	$14K	$302	12x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MU-USD-PERP	+0.0046%	1h	1,042.9	−0.025%	—	$193K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,043	−0.013%	$165K	$180K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,042.9	−0.019%	$684K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,042	−0.110%	$2.0M	$2.7M	10x	as long as short
QFEX MU-USD	+0.0057%	1h	1,043.1	−0.001%	$7.8M	$24.1M	10x	as long as short
Bitget MUUSDT	+0.0072%	8h	1,043.3	+0.012%	$20.4M	$43.0M	50x	as long as short
Variational Omni MU	+0.0089%	8h	1,042.9	−0.018%	$2.7M	$2.7M	—	as long as short
Pacifica MU	+0.0100%	1h	1,042.7	−0.046%	$153K	$182K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,042.5	−0.064%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,042.4	−0.070%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,043.1	−0.002%	$829	$799	20x	as long as short
Paradex MU-USD-PERPlong	+0.0107%	8h	1,043.1	long leg	$2K	—	5x
Aevo MU-PERP	+0.0112%	1h	1,042.8	−0.033%	$33K	—	10x	as long as short
Binance MUUSDT	+0.0112%	8h	1,043.4	+0.026%	$124.8M	$540.8M	50x	as long as short
Nado MU-PERP	+0.0129%	1h	1,042.5	−0.061%	$307K	$845K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0143%	1h	1,043	−0.013%	$60K	$237K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0152%	1h	1,043.8	+0.065%	$756K	$1.4M	10x	as long as short
Lighter MU	+0.0168%	1h	1,043	−0.014%	$998K	$4.7M	20x	as long as short
GRVT MU_USDT_Perp	+0.0178%	8h	1,043	−0.017%	$82K	$1.4M	10x	as long as short
Bybit MUUSDT	+0.0190%	8h	1,043.5	+0.032%	$19.1M	$32.5M	100x	as long as short
Phoenix MU	+0.0230%	1h	1,043	−0.013%	$533K	$303K	15x	as long as short
BloFin MU-USDT	+0.0231%	8h	1,042.9	−0.023%	$1.5M	$2.1M	20x	as long as short
Bullet MU-USD	+0.0240%	1h	1,043.5	+0.035%	$25K	$400K	10x	as long as short
tradeXYZ xyz:MU	+0.0276%	1h	1,043	−0.013%	$176.2M	$107.4M	10x	as long as short
Arcus MU-USD	+0.0435%	1h	1,042.8	−0.030%	$63K	$230K	10x	as long as short
RISEx MU/USDC	+0.0499%	1h	1,043.3	+0.014%	$285K	$333K	20x	as long as short
Extended MU_24_5-USDshort	+0.0624%	1h	1,042.2	−0.094%	$540K	$1.1M	10x