Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h +0.022%

Price spread now: tradeXYZ against Paradex−0.032%55s7-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 tradeXYZ

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 · tradeXYZ: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: tradeXYZ is 0.032% cheaper against Paradex than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex MU-USD-PERP	1,042.3	0.0051	pay 0.0051% / 8h	2h 45m	$2K	—	5x
Short	tradeXYZ xyz:MU	1,042	0.0050	get 0.0006% / 1h	45m 48s	$177.1M	$93.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$0.15
Price spread: −0.032% → 0.000%: −$3.2
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$25.35
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; tradeXYZ: 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 tradeXYZ live order book, 4 min ago	0.48 bp	9.5 bp −$9	10.3 bp −$103	15.1 bp −$1,509	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	−0.0861%	4h	1,043.3	+0.091%	$1.3M	$673K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,042.7	+0.035%	$21.2M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,042.4	+0.010%	$122.8M	$525.4M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,042.5	+0.020%	$18.6M	$32.0M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,042.3	0.000%	$30.4M	$99.8M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,042.4	+0.010%	$336K	$354K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,042.1	−0.025%	$61.9M	$27.9M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,042.3	−0.003%	$20.4M	$41.0M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,042	−0.037%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,043.6	+0.123%	$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	1,042.7	+0.035%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,043.7	+0.126%	$11K	$5.7M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,041.7	−0.059%	$73K	$503K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,042	−0.035%	$128K	$440K	50x	as long as short
Nado MU-PERP	+0.0006%	1h	1,042	−0.029%	$281K	$820K	10x	as long as short
Bullet MU-USD	+0.0014%	1h	1,042	−0.028%	$25K	$392K	10x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,042.2	−0.014%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,042.1	−0.022%	$7.0M	$17.9M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,042.2	−0.013%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,041.4	−0.088%	$546K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.866%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,042.3	−0.005%	$70K	$232K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,042.4	+0.002%	—	$175K	25x	as long as short
tradeXYZ xyz:MUshort	+0.0050%	1h	1,042	−0.032%	$177.1M	$93.6M	10x
Polymarket Perps MU-USD	+0.0050%	1h	1,041.8	−0.051%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,041.8	−0.050%	$684K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,041.6	−0.070%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERPlong	+0.0051%	8h	1,042.3	long leg	$2K	—	5x
Aevo MU-PERP	+0.0080%	1h	1,041.6	−0.067%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,042.1	−0.027%	$147K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,041.8	−0.047%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,043.3	+0.090%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,042	−0.033%	$828	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,041.8	−0.056%	$1.5M	$2.0M	20x	as long as short
Lighter MU	+0.0128%	1h	1,042.4	+0.008%	$1.1M	$4.9M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,043.3	+0.095%	$745K	$1.2M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,043.3	+0.093%	$534K	$270K	15x	as long as short