Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Ondo Perps against SoDEX−0.044%7-day average −0.090% · you buy dearer than you sell

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

Long on SoDEX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.035%−$4 on $10k

Price spread, last 4 days (all we have)+0.155%+$16 · spread now −0.044%, 7d avg −0.090%

Together, before fees+0.120%+ Points / potential airdropOndo Perps: Active · farm board+$12 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: Ondo Perps is 0.047% dearer against SoDEX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MU-USD	1,050.3	0.0050	pay 0.0006% / 1h	27m 27s	$689K	$16K	10x
Short	Ondo Perps MU-USD.P	1,049.8	0.0050	get 0.0006% / 1h	27m 27s	$1.9M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against SoDEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.044%Rate

Funding earned: $0.08
Price spread: −0.044% → −0.090%: $4.66
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$8.25
Costs to cover: 0.130%
Break-even: 694.7 days

Slippage unknown: SoDEX: live order book, 36 min ago; Ondo Perps: 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 SoDEX live order book, 36 min ago	0.05 bp	12.2 bp −$12	38.3 bp −$383	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	−0.0521%	4h	1,050.6	+0.026%	$1.3M	$670K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,050.3	+0.002%	$19.1M	$32.3M	100x	as long as short
RISEx MU/USDC	0.0000%	1h	1,050.3	+0.005%	$333K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,050	−0.030%	$62.0M	$27.5M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,050.6	+0.033%	$85K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,050.2	−0.005%	$190K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.9	+0.156%	$11K	$5.9M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,050.1	−0.015%	$67K	$373K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.1	−0.016%	$129K	$429K	50x	as long as short
Aftermath Perps MUUSD	+0.0020%	1h	1,050.1	−0.021%	$3K	$45K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MU-USDT-SWAP	+0.0024%	8h	1,050.1	−0.021%	$31.0M	$99.8M	50x	as long as short
QFEX MU-USD	+0.0030%	1h	1,049.9	−0.037%	$7.2M	$18.1M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,049.9	−0.039%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.102%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.2	−0.010%	$71K	$235K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051	+0.071%	—	$175K	25x	as long as short
Lighter MU	+0.0048%	1h	1,049.9	−0.034%	$1.1M	$4.9M	20x	as long as short
Extended MU_24_5-USD	+0.0048%	1h	1,049.5	−0.076%	$564K	$1.1M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049.8	−0.047%	$170K	$202K	10x	as long as short
SoDEX MU-USDlong	+0.0050%	1h	1,050.3	long leg	$689K	$16K	10x
Ondo Perps MU-USD.Pshort	+0.0050%	1h	1,049.8	−0.044%	$1.9M	$2.3M	10x
Nado MU-PERP	+0.0055%	1h	1,049.9	−0.041%	$282K	$848K	10x	as long as short
Paradex MU-USD-PERP	+0.0056%	8h	1,050.1	−0.015%	$2K	—	5x	as long as short
tradeXYZ xyz:MU	+0.0060%	1h	1,049.8	−0.047%	$178.0M	$99.2M	10x	as long as short
Aster MUUSD1	+0.0068%	8h	1,050.2	−0.009%	$21.4M	$52.6M	20x	as long as short
Bullet MU-USD	+0.0071%	1h	1,050.1	−0.018%	$25K	$398K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	−0.033%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050.1	−0.021%	$149K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049.9	−0.033%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.8	+0.049%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.3	−0.002%	$835	$799	20x	as long as short
Variational Omni MU	+0.0111%	8h	1,050.9	+0.059%	$2.7M	$2.4M	—	as long as short
Aevo MU-PERP	+0.0112%	1h	1,049.9	−0.032%	$32K	$1K	10x	as long as short
Bitget MUUSDT	+0.0125%	8h	1,050.1	−0.017%	$20.6M	$41.1M	50x	as long as short
Binance MUUSDT	+0.0133%	8h	1,050.1	−0.017%	$126.5M	$518.7M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.6	+0.030%	$537K	$271K	15x	as long as short
BloFin MU-USDT	+0.0255%	8h	1,050.6	+0.033%	$1.5M	$2.0M	20x	as long as short