Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Orderly against StandX−0.042%7-day average — · you buy dearer than you sell

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

Long on StandX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropStandX: Active · farm boardneeds both histories

Funding pays, the price is against you. Orderly is 0.042% cheaper against StandX than usual: you would sell low and buy high (spread −0.042% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 34 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX MU-USD	1,026.3	0	get 0.0000% / 1h	30m 55s	$186K	$3.6M	20x
Short	Orderly PERP_MU_USDC_mythos	1,025.9	0.0100	get 0.0100% / 8h	7h 30m	$816	$799	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.042%Rate

Funding earned: $21
Price spread: −0.042% → 0.000%: −$4.19
Slippage, 4 orders: no order book: not counted
Fee StandX: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: $2.81
Costs to cover: 0.140%
Break-even: 6.1 days

Slippage unknown: StandX: live order book, 3 min ago; Orderly: 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 StandX live order book, 3 min ago	5.84 bp	11.6 bp −$12	17.3 bp −$173	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.0820%	4h	1,027.6	+0.128%	$1.3M	$696K	10x	as long as short
Bitget MUUSDT	−0.0044%	8h	1,024.8	−0.144%	$19.7M	$40.5M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,025.2	−0.109%	$20.9M	$69.0M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,024.5	−0.179%	$121.4M	$546.8M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,024.7	−0.153%	$18.5M	$32.3M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,024.7	−0.154%	$29.3M	$101.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,025.6	−0.068%	$308K	$373K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,025.1	−0.118%	$61.8M	$28.1M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,028.1	+0.174%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,028.5	+0.218%	$72K	$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	1,026.3	long leg	$186K	$3.6M	20x
SunX MU-USDT	0.0000%	8h	1,026.2	−0.005%	$11K	$5.4M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,025.2	−0.106%	$119K	$491K	50x	as long as short
QFEX MU-USD	+0.0027%	1h	1,024.9	−0.136%	$6.9M	$18.9M	10x	as long as short
Aftermath Perps MUUSD	+0.0027%	1h	1,027.2	+0.088%	$3K	$43K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,025.1	−0.113%	$1.1M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,024.4	−0.183%	$541K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+2.443%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,024.9	−0.136%	$89K	$244K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,025.1	−0.118%	—	$179K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,024.6	−0.165%	$166K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,025.2	−0.104%	$673K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,024.2	−0.202%	$1.9M	$3.0M	10x	as long as short
Lighter MU	+0.0056%	1h	1,025.2	−0.105%	$969K	$5.0M	20x	as long as short
Paradex MU-USD-PERP	+0.0057%	8h	1,025.1	−0.112%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,024.7	−0.156%	$31K	$1K	10x	as long as short
Nado MU-PERP	+0.0081%	1h	1,024.9	−0.136%	$264K	$815K	10x	as long as short
tradeXYZ xyz:MU	+0.0082%	1h	1,024.8	−0.145%	$173.4M	$80.0M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,029.2	+0.284%	$719K	$1.1M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,024.8	−0.142%	$145K	$194K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,024.5	−0.177%	$5.1M	$4.6M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,027.7	+0.141%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythosshort	+0.0100%	8h	1,025.9	−0.042%	$816	$799	20x
Bullet MU-USD	+0.0103%	1h	1,025.6	−0.068%	$25K	$388K	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,025.7	−0.062%	$1.5M	$2.2M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,027.6	+0.128%	$526K	$270K	15x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0365%	1h	1,025.1	−0.115%	$72K	$629K	10x	as long as short