Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0597%/8h= −65.3% APRpaid last 24h 0.000%

Price spread now: edgeX against SoDEX−0.032%45s7-day average +0.009% · 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−$330.334% of the position

Long on SoDEX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.211%+$21 on $10k

Price spread, last 4 days (all we have)+0.084%+$8 · spread now −0.032%, 7d avg +0.009%

Together, before fees+0.295%+ Points / potential airdropedgeX: Active · farm board+$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and edgeX is 0.042% cheaper against SoDEX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.009%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.211%, so the current rate has only just turned against you. The two prices were read 45 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	SoDEX MU-USD	1,036.5	0.0050	pay 0.0006% / 1h	49m 29s	$680K	$15K	10x
Short	edgeX MUUSDC	1,036.2	−0.0547	pay 0.0273% / 4h	49m 29s	$1.3M	$673K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against SoDEX. 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 SoDEXbpFee edgeXbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$125.3
Price spread: −0.032% → +0.009%: −$4.17
Slippage, 4 orders: −$16.41
Fee SoDEX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$162.88
Costs to cover: 0.334%
Break-even: never at this rate

Slippage from SoDEX: live order book, 54 min ago; edgeX: live order book, 4 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 SoDEX live order book, 54 min ago	0.05 bp	11.8 bp −$12	41.0 bp −$410	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	0.29 bp	4.9 bp −$5	6.7 bp −$67	28.5 bp −$2,855	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 MUUSDCshort	−0.0547%	4h	1,036.2	−0.032%	$1.3M	$673K	10x
Bitget MUUSDT	−0.0218%	8h	1,037.4	+0.083%	$20.2M	$40.1M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,037.7	+0.115%	$21.2M	$64.8M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,037.6	+0.105%	$122.1M	$538.3M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,037.5	+0.091%	$18.7M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,037.6	+0.099%	$29.8M	$100.1M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,037.5	+0.095%	$313K	$385K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,037	+0.046%	$61.4M	$28.2M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,036.2	−0.029%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,036.4	−0.012%	$71K	$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	1,036.5	−0.007%	$187K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,038.3	+0.172%	$11K	$5.6M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,036.5	−0.007%	$74K	$592K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,036.3	−0.021%	$127K	$460K	50x	as long as short
Aftermath Perps MUUSD	+0.0016%	1h	1,035.9	−0.060%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0021%	1h	1,037.3	+0.077%	$7.0M	$18.8M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,037.4	+0.079%	$1.1M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,036.7	+0.012%	$546K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.431%	$19K	$5K	12x	as long as short
Nado MU-PERP	+0.0034%	1h	1,037.2	+0.063%	$279K	$809K	10x	as long as short
Bullet MU-USD	+0.0039%	1h	1,036.6	+0.004%	$25K	$390K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,036	−0.051%	$90K	$244K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,036.1	−0.041%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,037.4	+0.084%	$176.4M	$84.0M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,036.2	−0.032%	$168K	$195K	10x	as long as short
SoDEX MU-USDlong	+0.0050%	1h	1,036.5	long leg	$680K	$15K	10x
Ondo Perps MU-USD.P	+0.0050%	1h	1,035.7	−0.085%	$1.8M	$2.7M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,037.6	+0.099%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,036.2	−0.031%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,038.8	+0.217%	$734K	$1.2M	10x	as long as short
Lighter MU	+0.0088%	1h	1,037.7	+0.116%	$1.0M	$4.9M	20x	as long as short
Pacifica MU	+0.0100%	1h	1,037.4	+0.080%	$147K	$188K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,037.1	+0.058%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,036.5	+0.001%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,036.4	−0.017%	$824	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,036.4	−0.013%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0232%	1h	1,035.6	−0.090%	$530K	$270K	15x	as long as short