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

MU

RWAall MU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0517%/8h= −56.7% APRpaid last 24h −0.015%
Price spread now: HTX against SoDEX+0.008%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$440.436% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.061%−$6 on $10k
Price spread, last 3 days (all we have)+0.058%+$6 · spread now +0.008%, 7d avg +0.016%
Together, before fees−0.003%$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: −$16 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.061% in total (about -7.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX MU-USD1,052.60.0517pay 0.0065% / 1h47m 22s$691K$16K10x
ShortHTX MU-USDT1,052.70get 0.0000% / 8h7h 47m$130K$426K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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

Funding earned
−$108.66
Price spread: +0.008% → +0.016%
−$0.87
Slippage, 4 orders
−$23.63
Fee SoDEX: 4 bp × 2 orders
−$8
Fee HTX: 6 bp × 2 orders
−$12
Net
−$153.15
Costs to cover
0.436%
Break-even
never at this rate
Slippage from SoDEX: live order book, 26 min ago; HTX: live order book, 26 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 SoDEX live order book, 26 min ago0.05 bp12.2 bp −$1243.9 bp −$439doesn't fitdoesn't fit
Sell HTX live order book, 26 min ago1.72 bp9.4 bp −$99.4 bp −$9414.9 bp −$1,487doesn'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−0.0892%4h1,050.2−0.224%$1.3M$673K10xas long as short
Gate MU_USDT0.0000%8h1,052.8+0.020%$63.1M$28.5M75xas long as short
StandX MU-USD0.0000%1h1,050.6−0.195%$190K$3.3M20xas long as short
SunX MU-USDT0.0000%8h1,054.5+0.183%$11K$6.3M10xas long as short
Deribit MU_USDC-PERPETUAL0.0000%1h1,052.8+0.021%$63K$294K10xas long as short
HTX MU-USDTshort0.0000%8h1,052.7+0.008%$130K$426K50x
Aftermath Perps MUUSD+0.0020%1h1,049.6−0.287%$3K$45K10xas long as short
Lighter MU+0.0032%1h1,052.9+0.030%$1.1M$4.7M20xas long as short
Lighter RH MU+0.0032%1h1,052.8+0.020%$1.2M$4.1M10xas long as short
Injective MU/USDC PERP+0.0033%1h1,051.4−0.118%$19K$5K12xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest MU-USD-PERP+0.0046%1h1,053.7+0.105%$195K25xas long as short
Ondo Perps MU-USD.P+0.0050%1h1,052.2−0.042%$1.9M$2.3M10xas long as short
QFEX MU-USD+0.0054%1h1,053+0.039%$7.8M$23.2M10xas long as short
Nado MU-PERP+0.0059%1h1,052.8+0.023%$275K$862K10xas long as short
OKX MU-USDT-SWAP+0.0094%8h1,053+0.037%$30.9M$102.4M50xas long as short
Pacifica MU+0.0100%1h1,053+0.036%$153K$177K10xas long as short
KuCoin MUUSDTM+0.0100%8h1,052.2−0.037%$5.3M$3.6M20xas long as short
Orderly PERP_MU_USDC_mythos+0.0100%8h1,053+0.037%$837$79920xas long as short
Paradex MU-USD-PERP+0.0102%8h1,053.2+0.059%$2K5xas long as short
Aevo MU-PERP+0.0128%1h1,052.7+0.009%$32K$1K10xas long as short
Bybit MUUSDT+0.0135%8h1,053.2+0.055%$19.2M$32.6M100xas long as short
Variational Omni MU+0.0177%8h1,049.9−0.254%$2.7M$2.4Mas long as short
Coinbase International MU-PERP-INTX+0.0184%1h1,052.2−0.042%$762K$1.3M10xas long as short
Aster MUUSD1+0.0199%8h1,052.1−0.043%$21.6M$47.8M20xas long as short
Binance MUUSDT+0.0206%8h1,052.9+0.031%$126.2M$526.7M50xas long as short
Polymarket Perps MU-USD+0.0238%1h1,052.7+0.010%$170K$202K10xas long as short
Arcus MU-USD+0.0240%1h1,050.5−0.204%$71K$242K10xas long as short
Bitget MUUSDT+0.0241%8h1,053+0.034%$20.7M$41.7M50xas long as short
RISEx MU/USDC+0.0312%1h1,053+0.035%$317K$339K20xas long as short
BloFin MU-USDT+0.0326%8h1,053+0.036%$1.5M$2.1M20xas long as short
ApeX Omni MUUSDT+0.0363%1h1,050.9−0.162%$71K$267K50xas long as short
Phoenix MU+0.0383%1h1,050.3−0.219%$537K$306K15xas long as short
Bullet MU-USD+0.0462%1h1,052.9+0.029%$26K$394K10xas long as short
tradeXYZ xyz:MU+0.0498%1h1,052.9+0.029%$178.6M$101.5M10xas long as short
Extended MU_24_5-USD+0.0512%1h1,052.3−0.026%$551K$1.1M10xas long as short
SoDEX MU-USDlong+0.0517%1h1,052.6long leg$691K$16K10x
GRVT MU_USDT_Perp+0.0707%8h1,050.8−0.171%$83K$1.4M10xas long as short