Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.044%

Price spread now: Deribit against StandX−0.030%47s7-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−$440.437% of the position

Long on StandX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.097%+$10 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now −0.030%, 7d avg −0.009%

Together, before fees+0.109%+ Points / potential airdropStandX: Active · farm board+$11 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: Deribit is 0.020% cheaper against StandX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.009%. The two prices were read 47 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	StandX MU-USD	1,045.6	0	get 0.0000% / 1h	25m 30s	$189K	$3.4M	20x
Short	Deribit MU_USDC-PERPETUAL	1,045.3	0	get 0.0000% / 1h	25m 30s	$73K	$475K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against StandX. 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 StandXbpFee DeribitbpOrdersPrice spread, now −0.030%Rate

Funding earned: $0
Price spread: −0.030% → −0.009%: −$2.05
Slippage, 4 orders: −$28.68
Fee StandX: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$45.73
Costs to cover: 0.437%
Break-even: never at this rate

Slippage from StandX: live order book, 4 min ago; Deribit: live order book, 28 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 StandX live order book, 4 min ago	2.63 bp	7.9 bp −$8	14.6 bp −$146	doesn't fit	doesn't fit
Sell Deribit live order book, 28 min ago	4.53 bp	9.1 bp −$9	13.6 bp −$136	doesn't fit	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 MUUSDC	−0.0396%	4h	1,046.6	+0.092%	$1.3M	$671K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,046	+0.037%	$21.3M	$56.5M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,045.4	−0.018%	$124.4M	$521.1M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,045.7	+0.006%	$18.8M	$31.8M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,045.2	−0.035%	$31.0M	$99.3M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,045.6	−0.005%	$338K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,045.3	−0.034%	$62.1M	$27.8M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,045.4	−0.016%	$20.5M	$41.5M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,045.4	−0.016%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,046.9	+0.119%	$79K	$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-USDlong	0.0000%	1h	1,045.6	long leg	$189K	$3.4M	20x
SunX MU-USDT	0.0000%	8h	1,046	+0.033%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUALshort	0.0000%	1h	1,045.3	−0.030%	$73K	$475K	10x
HTX MU-USDT	0.0000%	8h	1,045.2	−0.037%	$130K	$432K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,045.7	+0.010%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,045.2	−0.036%	$7.0M	$17.9M	10x	as long as short
Lighter MU	+0.0032%	1h	1,045.4	−0.021%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,045.3	−0.029%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,044.7	−0.084%	$549K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.550%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,045.9	+0.023%	$71K	$233K	10x	as long as short
Nado MU-PERP	+0.0041%	1h	1,045.1	−0.051%	$281K	$828K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,046.1	+0.044%	—	$176K	25x	as long as short
Bullet MU-USD	+0.0048%	1h	1,045.4	−0.019%	$25K	$394K	10x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,045.1	−0.049%	$176.9M	$96.6M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,045.1	−0.049%	$170K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,045.5	−0.011%	$686K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,045.4	−0.018%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,045.9	+0.028%	$1.9M	$2.2M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,045.1	−0.048%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,045.4	−0.020%	$147K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,045.5	−0.012%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.8	+0.019%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,045.8	+0.015%	$831	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,045.6	−0.006%	$752K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,046.1	+0.042%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0305%	1h	1,045.9	+0.028%	$535K	$271K	15x	as long as short