Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.031%

Price spread now: Binance against RISEx−0.063%55s7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$200.196% of the position

Long on RISEx Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.016%+$2 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now −0.063%, 7d avg −0.001%

Together, before fees−0.008%−$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.061% cheaper against RISEx than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.001%. 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	RISEx MU/USDC	1,030.7	0	get 0.0000% / 1h	42m 49s	$310K	$380K	20x
Short	Binance MUUSDT	1,030.1	0	get 0.0000% / 8h	7h 42m	$121.3M	$543.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against RISEx. 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 RISExbpFee BinancebpOrdersPrice spread, now −0.063%Rate

Funding earned: $0
Price spread: −0.063% → −0.001%: −$6.13
Slippage, 4 orders: −$3.62
Fee RISEx: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$25.76
Costs to cover: 0.196%
Break-even: never at this rate

Slippage from RISEx: live order book, 55 min ago; Binance: live order book, 16 min ago.

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 RISEx live order book, 55 min ago	0.92 bp	3.9 bp −$4	4.5 bp −$45	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	0.05 bp	6.3 bp −$6	8.4 bp −$84	21.3 bp −$2,131	doesn't fit

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	−0.0734%	4h	1,030.8	+0.013%	$1.3M	$674K	10x	as long as short
Bitget MUUSDT	−0.0082%	8h	1,030.1	−0.057%	$19.9M	$40.2M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,030.8	+0.012%	$21.1M	$68.7M	20x	as long as short
Binance MUUSDTshort	0.0000%	8h	1,030.1	−0.063%	$121.3M	$543.0M	50x
Bybit MUUSDT	0.0000%	8h	1,030.1	−0.060%	$18.6M	$32.1M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,030	−0.069%	$29.5M	$100.9M	50x	as long as short
RISEx MU/USDClong	0.0000%	1h	1,030.7	long leg	$310K	$380K	20x
Gate MU_USDT	0.0000%	8h	1,030.1	−0.055%	$61.9M	$27.8M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,030.2	−0.046%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,031.3	+0.060%	$72K	$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	1,031.4	+0.071%	$187K	$3.6M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,031.6	+0.085%	$11K	$5.4M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,030.6	−0.015%	$73K	$626K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,030.4	−0.028%	$119K	$492K	50x	as long as short
Aftermath Perps MUUSD	+0.0024%	1h	1,030.7	+0.004%	$3K	$43K	10x	as long as short
QFEX MU-USD	+0.0027%	1h	1,030.8	+0.007%	$6.9M	$18.7M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,030	−0.067%	$1.1M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,029.7	−0.098%	$543K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+2.004%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,030	−0.065%	$89K	$244K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,030.4	−0.027%	—	$176K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,030	−0.068%	$167K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,030.5	−0.021%	$676K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,029.9	−0.074%	$1.9M	$2.9M	10x	as long as short
Paradex MU-USD-PERP	+0.0057%	8h	1,030.8	+0.010%	$2K	—	5x	as long as short
tradeXYZ xyz:MU	+0.0063%	1h	1,029.9	−0.078%	$174.2M	$80.5M	10x	as long as short
Lighter MU	+0.0064%	1h	1,030.2	−0.054%	$989K	$4.9M	20x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,030.2	−0.050%	$32K	$1K	10x	as long as short
Nado MU-PERP	+0.0085%	1h	1,030.1	−0.063%	$272K	$806K	10x	as long as short
Bullet MU-USD	+0.0093%	1h	1,030.7	0.000%	$25K	$389K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,030.1	−0.057%	$719K	$1.1M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,029.7	−0.100%	$146K	$194K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,030.3	−0.036%	$5.1M	$4.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,032	+0.127%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,030.6	−0.014%	$819	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,030.8	+0.007%	$1.5M	$2.2M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,031.9	+0.116%	$528K	$270K	15x	as long as short