Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h +0.056%

Price spread now: edgeX against StandX+0.080%63s7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs+$52as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$370.371% of the position

Long on StandX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.893%+$89 on $10k

Price spread, last 7 days−0.094%−$9 · spread now +0.080%, 7d avg −0.038%

Together, before fees+0.798%+ Points / potential airdropStandX: Active · edgeX: Active · farm board+$80 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.117% dearer against StandX than usual: you sell high and buy low (spread +0.080% now, against its 7-day average of −0.038%): +$12 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 39 days. Mind the row above: over the last 7 days funding on this pair paid +0.893%, so the current rate has only just turned against you. The two prices were read 63 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	1,042.6	0	get 0.0000% / 1h	8m 13s	$188K	$3.3M	20x
Short	edgeX MUUSDC	1,043.5	−0.0010	pay 0.0005% / 4h	1h 08m	$1.3M	$672K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.080%Rate

Funding earned: −$2.1
Price spread: +0.080% → −0.038%: $11.74
Slippage, 4 orders: −$20.13
Fee StandX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$27.49
Costs to cover: 0.371%
Break-even: never at this rate

Slippage from StandX: live order book, 1 min ago; edgeX: live order book, 1 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, 1 min ago	3.02 bp	8.3 bp −$8	14.7 bp −$147	doesn't fit	doesn't fit
Sell edgeX live order book, 1 min ago	5.61 bp	10.2 bp −$10	11.3 bp −$113	26.0 bp −$2,602	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	−0.0010%	4h	1,043.5	+0.080%	$1.3M	$672K	10x
Gate MU_USDT	0.0000%	8h	1,043.2	+0.056%	$62.9M	$29.1M	75x	as long as short
StandX MU-USDlong	0.0000%	1h	1,042.6	long leg	$188K	$3.3M	20x
SunX MU-USDT	0.0000%	8h	1,045.9	+0.310%	$11K	$6.6M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,043.3	+0.063%	$125K	$442K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,043.1	+0.040%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.775%	$14K	$302	12x	as long as short
Aftermath Perps MUUSD	+0.0036%	1h	1,043.5	+0.083%	$3K	$45K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,043.1	+0.047%	—	$194K	25x	as long as short
OKX MU-USDT-SWAP	+0.0048%	8h	1,043.3	+0.059%	$30.9M	$104.8M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MU-USD	+0.0050%	1h	1,043.3	+0.064%	$165K	$197K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,042.7	+0.002%	$2.0M	$2.7M	10x	as long as short
SoDEX MU-USD	+0.0053%	1h	1,043.4	+0.071%	$685K	$16K	10x	as long as short
QFEX MU-USD	+0.0071%	1h	1,043.6	+0.093%	$7.8M	$24.1M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,043.7	+0.104%	$154K	$181K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,043.4	+0.070%	$5.2M	$4.0M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,043	+0.031%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,043.5	+0.085%	$830	$799	20x	as long as short
Aster MUUSD1	+0.0104%	8h	1,044.1	+0.145%	$21.5M	$47.4M	20x	as long as short
Bitget MUUSDT	+0.0113%	8h	1,043.3	+0.065%	$20.4M	$43.0M	50x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,043.4	+0.074%	$33K	—	10x	as long as short
Paradex MU-USD-PERP	+0.0145%	8h	1,043.5	+0.081%	$2K	—	5x	as long as short
Variational Omni MU	+0.0150%	8h	1,043.5	+0.079%	$2.6M	$2.6M	—	as long as short
Binance MUUSDT	+0.0171%	8h	1,043.5	+0.079%	$124.6M	$535.1M	50x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,043.2	+0.058%	$755K	$1.4M	10x	as long as short
Lighter MU	+0.0208%	1h	1,043.2	+0.056%	$1.0M	$4.8M	20x	as long as short
GRVT MU_USDT_Perp	+0.0220%	8h	1,043.8	+0.115%	$77K	$1.4M	10x	as long as short
Nado MU-PERP	+0.0233%	1h	1,042.7	+0.003%	$273K	$872K	10x	as long as short
Bybit MUUSDT	+0.0259%	8h	1,043.7	+0.102%	$19.2M	$32.6M	100x	as long as short
Bullet MU-USD	+0.0284%	1h	1,043.7	+0.102%	$25K	$396K	10x	as long as short
BloFin MU-USDT	+0.0289%	8h	1,043.9	+0.124%	$1.4M	$2.0M	20x	as long as short
tradeXYZ xyz:MU	+0.0327%	1h	1,043.3	+0.064%	$176.2M	$106.5M	10x	as long as short
Phoenix MU	+0.0383%	1h	1,043.8	+0.112%	$534K	$306K	15x	as long as short
Arcus MU-USD	+0.0435%	1h	1,043.1	+0.042%	$73K	$241K	10x	as long as short
RISEx MU/USDC	+0.0499%	1h	1,043.9	+0.124%	$295K	$339K	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0642%	1h	1,043.5	+0.082%	$62K	$251K	10x	as long as short
Extended MU_24_5-USD	+0.0712%	1h	1,042.4	−0.020%	$547K	$1.1M	10x	as long as short