Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0747%/8h= −81.8% APRpaid last 24h −0.035%

Price spread now: edgeX against tradeXYZ+0.091%46s7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs+$33as 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−$310.308% of the position

Long on tradeXYZ Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.637%+$64 on $10k

Price spread, last 7 days−0.090%−$9 · spread now +0.091%, 7d avg +0.038%

Together, before fees+0.547%+ Points / potential airdroptradeXYZ: Active · edgeX: Active · farm board+$55 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.053% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.091% now, against its 7-day average of +0.038%): +$5 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 6 hours. Mind the row above: over the last 7 days funding on this pair paid +0.637%, so the current rate has only just turned against you. 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	tradeXYZ xyz:MU	1,046.6	0.0050	pay 0.0006% / 1h	40m 43s	$177.4M	$97.5M	10x
Short	edgeX MUUSDC	1,047.6	−0.0697	pay 0.0348% / 4h	3h 40m	$1.3M	$671K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against tradeXYZ. 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 tradeXYZbpFee edgeXbpOrdersPrice spread, now +0.091%Rate

Funding earned: −$156.79
Price spread: +0.091% → +0.038%: $5.31
Slippage, 4 orders: −$3.77
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$182.25
Costs to cover: 0.308%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 9 min ago; edgeX: live order book, 3 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 tradeXYZ live order book, 9 min ago	0.48 bp	10.3 bp −$10	11.4 bp −$114	16.8 bp −$1,678	doesn't fit
Sell edgeX live order book, 3 min ago	0.67 bp	5.3 bp −$5	7.1 bp −$71	28.7 bp −$2,871	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	−0.0697%	4h	1,047.6	+0.091%	$1.3M	$671K	10x
Aster MUUSD1	0.0000%	8h	1,047	+0.039%	$21.3M	$56.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,047	+0.033%	$125.3M	$518.3M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,047.1	+0.050%	$19.0M	$32.0M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,047	+0.033%	$31.1M	$99.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,047.1	+0.045%	$338K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,046.9	+0.025%	$62.2M	$27.7M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,047	+0.039%	$20.5M	$41.3M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,047.2	+0.059%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,048.5	+0.180%	$82K	$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	1,047.6	+0.095%	$189K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,048.4	+0.169%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,046.8	+0.014%	$73K	$466K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,047.1	+0.048%	$130K	$431K	50x	as long as short
Aftermath Perps MUUSD	+0.0024%	1h	1,047.6	+0.094%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,047.3	+0.063%	$7.1M	$17.9M	10x	as long as short
Lighter MU	+0.0032%	1h	1,046.9	+0.025%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,046.8	+0.015%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,046.2	−0.039%	$550K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.455%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,047.4	+0.074%	$71K	$233K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,048.2	+0.154%	—	$176K	25x	as long as short
tradeXYZ xyz:MUlong	+0.0050%	1h	1,046.6	long leg	$177.4M	$97.5M	10x
Polymarket Perps MU-USD	+0.0050%	1h	1,047	+0.038%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,047.1	+0.052%	$687K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,047	+0.036%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,047.1	+0.045%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0053%	1h	1,047	+0.042%	$281K	$828K	10x	as long as short
Bullet MU-USD	+0.0065%	1h	1,047.3	+0.067%	$26K	$395K	10x	as long as short
BloFin MU-USDT	+0.0080%	8h	1,047.2	+0.054%	$1.5M	$2.0M	20x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,046.8	+0.022%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,046.9	+0.029%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,046.7	+0.011%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,047.5	+0.090%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,047	+0.037%	$832	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,050	+0.328%	$757K	$1.2M	10x	as long as short
Phoenix MU	+0.0305%	1h	1,048.1	+0.143%	$536K	$271K	15x	as long as short