Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h −0.048%

Price spread now: Paradex against RISEx−0.025%7-day average — · you buy dearer than you sell

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

Long on RISEx Short on Paradex

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 · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.025% cheaper against RISEx than usual: you would sell low and buy high (spread −0.025% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 38 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx MU/USDC	1,052.5	0	get 0.0000% / 1h	1m 54s	$334K	$348K	20x
Short	Paradex MU-USD-PERP	1,052.2	0.0054	get 0.0054% / 8h	5h 01m	$2K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.025%Rate

Funding earned: $11.28
Price spread: −0.025% → 0.000%: −$2.52
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$1.24
Costs to cover: 0.100%
Break-even: 7.8 days

Slippage unknown: RISEx: live order book, 61 min ago; Paradex: no order-book sample. 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 RISEx live order book, 61 min ago	1.05 bp	4.0 bp −$4	4.4 bp −$44	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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	−0.0935%	4h	1,052.3	−0.022%	$1.3M	$672K	10x	as long as short
RISEx MU/USDClong	0.0000%	1h	1,052.5	long leg	$334K	$348K	20x
Gate MU_USDT	0.0000%	8h	1,052.4	−0.010%	$62.1M	$27.6M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.5	−0.001%	$78K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,051.9	−0.061%	$190K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,054	+0.140%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,051.9	−0.056%	$69K	$393K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,052.1	−0.039%	$130K	$431K	50x	as long as short
Bybit MUUSDT	+0.0009%	8h	1,052.8	+0.024%	$19.2M	$32.3M	100x	as long as short
OKX MU-USDT-SWAP	+0.0012%	8h	1,052.5	−0.001%	$31.1M	$100.0M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MUUSD	+0.0018%	1h	1,051.9	−0.055%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0030%	1h	1,052.2	−0.030%	$7.2M	$18.0M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,052.2	−0.030%	$1.3M	$4.5M	10x	as long as short
Aster MUUSD1	+0.0033%	8h	1,052.3	−0.017%	$21.4M	$55.0M	20x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.108%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,051.8	−0.067%	$71K	$234K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.5	+0.091%	—	$175K	25x	as long as short
Nado MU-PERP	+0.0046%	1h	1,052	−0.043%	$282K	$844K	10x	as long as short
Lighter MU	+0.0048%	1h	1,052.3	−0.023%	$1.1M	$5.1M	20x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,052	−0.048%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052.1	−0.034%	$690K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.6	−0.090%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERPshort	+0.0054%	8h	1,052.2	−0.025%	$2K	—	5x
Extended MU_24_5-USD	+0.0056%	1h	1,051.8	−0.065%	$564K	$1.1M	10x	as long as short
tradeXYZ xyz:MU	+0.0060%	1h	1,052.2	−0.029%	$178.6M	$99.0M	10x	as long as short
Bullet MU-USD	+0.0061%	1h	1,052.4	−0.010%	$26K	$398K	10x	as long as short
Variational Omni MU	+0.0071%	8h	1,052.2	−0.029%	$2.7M	$2.4M	—	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,051.9	−0.053%	$758K	$1.2M	10x	as long as short
Binance MUUSDT	+0.0099%	8h	1,052.5	−0.005%	$126.6M	$517.4M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,052.3	−0.021%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,052.3	−0.022%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,052	−0.052%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.2	−0.030%	$836	$799	20x	as long as short
Aevo MU-PERP	+0.0104%	1h	1,051.9	−0.057%	$32K	$1K	10x	as long as short
Bitget MUUSDT	+0.0137%	8h	1,052.5	−0.001%	$20.6M	$41.1M	50x	as long as short
BloFin MU-USDT	+0.0222%	8h	1,052.2	−0.029%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0229%	1h	1,052.5	0.000%	$538K	$271K	15x	as long as short