Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.030%

Price spread now: Binance against SunX−0.124%46s7-day average −0.159% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as 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−$690.689% of the position

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.160%+$16 on $10k

Price spread, last 4 days (all we have)+0.098%+$10 · spread now −0.124%, 7d avg −0.159%

Together, before fees+0.258%+$26 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: Binance is 0.035% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.159%. The two prices were read 46 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	SunX MU-USDT	1,041.9	0	get 0.0000% / 8h	3h 00m	$11K	$5.8M	10x
Short	Binance MUUSDT	1,040.6	0	get 0.0000% / 8h	3h 00m	$123.2M	$526.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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 SunXbpFee BinancebpOrdersPrice spread, now −0.124%Rate

Funding earned: $0
Price spread: −0.124% → −0.159%: $3.48
Slippage, 4 orders: −$50.93
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$65.45
Costs to cover: 0.689%
Break-even: never at this rate

Slippage from SunX: live order book, 8 min ago; Binance: live order book, 13 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 SunX live order book, 8 min ago	21.58 bp	25.6 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.05 bp	5.4 bp −$5	7.3 bp −$73	14.1 bp −$1,405	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	−0.0495%	4h	1,042.1	+0.020%	$1.3M	$673K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,041	−0.082%	$21.2M	$57.2M	20x	as long as short
Binance MUUSDTshort	0.0000%	8h	1,040.6	−0.124%	$123.2M	$526.3M	50x
Bybit MUUSDT	0.0000%	8h	1,040.7	−0.117%	$18.5M	$32.0M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,040.5	−0.134%	$30.5M	$99.8M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,040.7	−0.117%	$336K	$354K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,040.4	−0.143%	$61.8M	$28.1M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,040.5	−0.132%	$20.4M	$41.7M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,039.9	−0.196%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,043	+0.108%	$83K	$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-USD	0.0000%	1h	1,040.4	−0.145%	$188K	$3.5M	20x	as long as short
SunX MU-USDTlong	0.0000%	8h	1,041.9	long leg	$11K	$5.8M	10x
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,040	−0.186%	$73K	$493K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,040.1	−0.170%	$129K	$438K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,041.7	−0.019%	$3K	$44K	10x	as long as short
Nado MU-PERP	+0.0031%	1h	1,040.5	−0.138%	$280K	$823K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,040.3	−0.152%	$7.0M	$18.1M	10x	as long as short
Lighter MU	+0.0032%	1h	1,040.6	−0.126%	$1.1M	$5.2M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,040.3	−0.152%	$1.2M	$4.5M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,039.9	−0.191%	$553K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.908%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0035%	1h	1,040.6	−0.125%	$26K	$392K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,041.1	−0.082%	$70K	$232K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,040.7	−0.119%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,040.1	−0.173%	$176.8M	$95.0M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,040.3	−0.154%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,040.2	−0.162%	$683K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,040.5	−0.135%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,039.3	−0.249%	$1.8M	$2.3M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,039.7	−0.213%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,040.4	−0.145%	$147K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,040.2	−0.160%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,041.1	−0.076%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,040.1	−0.178%	$827	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,040.1	−0.178%	$746K	$1.1M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,040.4	−0.142%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0305%	1h	1,043.1	+0.115%	$534K	$271K	15x	as long as short