Settings8H · net · $10k
Funding arb · Price arb /

MU

RWAall MU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0157%/8h= −17.2% APRnext payment $0.20 per $10,000 · paid last 24h −0.029%
Price spread now: Extended against RISEx−0.096%7-day average −0.052% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$170.174% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.010%+$1 on $10k
Price spread, last 4 days (all we have)+0.005%+$1 · spread now −0.096%, 7d avg −0.052%
Together, before fees+0.015%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Extended is 0.044% cheaper against RISEx than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.052%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx MU/USDC1,046.30.0525pay 0.0066% / 1h17m 08s$317K$339K20x
ShortExtended MU_24_5-USD1,045.30.0368get 0.0046% / 1h17m 08s$541K$1.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
−$33.07
Price spread: −0.096% → −0.052%
−$4.36
Slippage, 4 orders
−$6.43
Fee RISEx: 3 bp × 2 orders
−$6
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$54.87
Costs to cover
0.174%
Break-even
never at this rate
Slippage from RISEx: live order book, 61 min ago; Extended: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 61 min ago1.01 bp4.0 bp −$45.0 bp −$50doesn't fitdoesn't fit
Sell Extended live order book, 1 min ago0.05 bp4.0 bp −$49.7 bp −$97doesn't fitdoesn't fit

MU on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX MUUSDC−0.0645%4h1,045.9−0.037%$1.3M$673K10xas long as short
Gate MU_USDT0.0000%8h1,045.8−0.048%$63.0M$29.1M75xas long as short
StandX MU-USD0.0000%1h1,045.3−0.101%$189K$3.3M20xas long as short
SunX MU-USDT0.0000%8h1,047.7+0.130%$11K$6.5M10xas long as short
HTX MU-USDT0.0000%8h1,045.5−0.076%$129K$455K50xas long as short
Aftermath Perps MUUSD+0.0028%1h1,045.2−0.106%$3K$45K10xas long as short
Lighter RH MU+0.0032%1h1,045.7−0.054%$1.2M$4.3M10xas long as short
Injective MU/USDC PERP+0.0033%1h1,050.7+0.421%$14K$30212xas long as short
Vest MU-USD-PERP+0.0046%1h1,046.2−0.014%$194K25xas long as short
Polymarket Perps MU-USD+0.0050%1h1,045.6−0.067%$169K$193K10xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX MU-USD+0.0050%1h1,045.7−0.056%$686K$16K10xas long as short
Ondo Perps MU-USD.P+0.0050%1h1,045−0.127%$2.0M$2.7M10xas long as short
OKX MU-USDT-SWAP+0.0071%8h1,045.9−0.042%$30.8M$104.7M50xas long as short
Lighter MU+0.0072%1h1,045.7−0.060%$1.0M$4.9M20xas long as short
QFEX MU-USD+0.0080%1h1,045.9−0.036%$7.9M$23.9M10xas long as short
Pacifica MU+0.0100%1h1,045.6−0.069%$153K$183K10xas long as short
KuCoin MUUSDTM+0.0100%8h1,045.7−0.058%$5.2M$3.9M20xas long as short
ApeX Omni MUUSDT+0.0100%1h1,045.6−0.067%$71K$266K50xas long as short
Orderly PERP_MU_USDC_mythos+0.0100%8h1,045.8−0.051%$831$79920xas long as short
Deribit MU_USDC-PERPETUAL+0.0104%1h1,045.7−0.058%$62K$280K10xas long as short
Paradex MU-USD-PERP+0.0108%8h1,045.9−0.038%$2K5xas long as short
Bullet MU-USD+0.0110%1h1,046.1−0.020%$25K$395K10xas long as short
Bitget MUUSDT+0.0118%8h1,045.7−0.054%$20.5M$43.5M50xas long as short
Aevo MU-PERP+0.0128%1h1,045.7−0.061%$33K10xas long as short
Nado MU-PERP+0.0157%1h1,045.4−0.084%$271K$875K10xas long as short
Aster MUUSD1+0.0166%8h1,046.3−0.003%$21.5M$47.3M20xas long as short
Variational Omni MU+0.0178%8h1,045.7−0.058%$2.7M$2.5Mas long as short
tradeXYZ xyz:MU+0.0189%1h1,045.6−0.067%$176.7M$104.6M10xas long as short
Binance MUUSDT+0.0190%8h1,045.9−0.041%$124.4M$532.5M50xas long as short
GRVT MU_USDT_Perp+0.0219%8h1,046.1−0.017%$82K$1.4M10xas long as short
Coinbase International MU-PERP-INTX+0.0224%1h1,044.9−0.132%$757K$1.3M10xas long as short
Bybit MUUSDT+0.0265%8h1,046.1−0.016%$19.2M$32.4M100xas long as short
BloFin MU-USDT+0.0310%8h1,045.9−0.037%$1.5M$2.0M20xas long as short
Extended MU_24_5-USDshort+0.0368%1h1,045.3−0.096%$541K$1.1M10x
Phoenix MU+0.0460%1h1,045.6−0.067%$535K$306K15xas long as short
Arcus MU-USD+0.0462%1h1,045.9−0.043%$71K$244K10xas long as short
RISEx MU/USDClong+0.0525%1h1,046.3long leg$317K$339K20x