Settings8H · net · $10k
Funding arb · Price arb /

MU

RWAall MU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.033%
Price spread now: Ondo Perps against SunX−0.224%7-day average −0.257% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.083%+$8 on $10k
Price spread, last 3 days (all we have)+0.065%+$6 · spread now −0.224%, 7d avg −0.257%
Together, before fees+0.147%+ Points / potential airdropOndo Perps: Active · farm board+$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.033% dearer against SunX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.257%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX MU-USDT1,049.90get 0.0000% / 8h7h 54m$11K$6.4M10x
ShortOndo Perps MU-USD.P1,047.60.0050get 0.0006% / 1h54m 36s$2.0M$2.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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

Funding earned
$10.58
Price spread: −0.224% → −0.257%
$3.3
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
$0.88
Costs to cover
0.130%
Break-even
6.4 days
Slippage unknown: SunX: live order book, 4 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
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 4 min ago21.54 bp25.5 bp −$26doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX MUUSDC−0.0946%4h1,047−0.285%$1.3M$671K10xas long as short
Gate MU_USDT0.0000%8h1,048.5−0.141%$63.1M$28.3M75xas long as short
StandX MU-USD0.0000%1h1,046.9−0.291%$189K$3.3M20xas long as short
SunX MU-USDTlong0.0000%8h1,049.9long leg$11K$6.4M10x
HTX MU-USDT0.0000%8h1,048−0.190%$130K$418K50xas long as short
Aftermath Perps MUUSD+0.0024%1h1,045.8−0.395%$3K$44K10xas long as short
Lighter RH MU+0.0032%1h1,048.9−0.104%$1.2M$4.1M10xas long as short
Injective MU/USDC PERP+0.0033%1h1,050.7+0.073%$14K$25112xas long as short
Lighter MU+0.0040%1h1,048.5−0.137%$1.1M$4.7M20xas long as short
Vest MU-USD-PERP+0.0046%1h1,048.7−0.122%$194K25xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps MU-USD.Pshort+0.0050%1h1,047.6−0.224%$2.0M$2.3M10x
QFEX MU-USD+0.0054%1h1,048.5−0.135%$7.9M$23.5M10xas long as short
Deribit MU_USDC-PERPETUAL+0.0055%1h1,048−0.187%$62K$291K10xas long as short
Nado MU-PERP+0.0063%1h1,047.8−0.202%$271K$863K10xas long as short
OKX MU-USDT-SWAP+0.0088%8h1,048.7−0.116%$31.0M$101.5M50xas long as short
Pacifica MU+0.0100%1h1,048.4−0.147%$153K$180K10xas long as short
KuCoin MUUSDTM+0.0100%8h1,047.7−0.218%$5.3M$3.7M20xas long as short
Orderly PERP_MU_USDC_mythos+0.0100%8h1,048.3−0.159%$833$79920xas long as short
Paradex MU-USD-PERP+0.0108%8h1,049−0.086%$2K5xas long as short
Aevo MU-PERP+0.0128%1h1,047.3−0.255%$34K10xas long as short
Bitget MUUSDT+0.0149%8h1,048.9−0.100%$20.6M$41.5M50xas long as short
Variational Omni MU+0.0168%8h1,048.2−0.170%$2.7M$2.5Mas long as short
Aster MUUSD1+0.0177%8h1,048.1−0.179%$21.6M$47.8M20xas long as short
Coinbase International MU-PERP-INTX+0.0184%1h1,046.7−0.312%$759K$1.3M10xas long as short
Binance MUUSDT+0.0185%8h1,048.7−0.122%$125.4M$526.5M50xas long as short
GRVT MU_USDT_Perp+0.0195%8h1,048−0.188%$82K$1.4M10xas long as short
Arcus MU-USD+0.0240%1h1,047.2−0.262%$71K$243K10xas long as short
BloFin MU-USDT+0.0303%8h1,048.4−0.146%$1.5M$2.0M20xas long as short
RISEx MU/USDC+0.0312%1h1,048.7−0.119%$315K$339K20xas long as short
Bybit MUUSDT+0.0398%8h1,048.7−0.115%$19.2M$32.6M100xas long as short
SoDEX MU-USD+0.0439%1h1,048.2−0.170%$688K$16K10xas long as short
ApeX Omni MUUSDT+0.0451%1h1,048.3−0.153%$71K$267K50xas long as short
Phoenix MU+0.0460%1h1,048−0.185%$536K$306K15xas long as short
Extended MU_24_5-USD+0.0536%1h1,048.2−0.170%$550K$1.0M10xas long as short
Polymarket Perps MU-USD+0.0708%1h1,047.3−0.251%$169K$202K10xas long as short
Bullet MU-USD+0.0984%1h1,048.2−0.162%$26K$394K10xas long as short
tradeXYZ xyz:MU+0.1138%1h1,047.7−0.213%$177.6M$100.3M10xas long as short