Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0127%/8h= −13.9% APRpaid last 24h +0.044%

Price spread now: RISEx against Binance+0.009%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$190.190% of the position

Long on Binance Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.016%−$2 on $10k

Price spread, last 4 days (all we have)+0.078%+$8 · spread now +0.009%, 7d avg +0.001%

Together, before fees+0.062%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MUUSDT	1,050.6	0.0127	pay 0.0127% / 8h	5h 24m	$126.5M	$518.7M	50x
Short	RISEx MU/USDC	1,050.7	0	get 0.0000% / 1h	24m 16s	$333K	$348K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Binance. 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 BinancebpFee RISExbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$26.74
Price spread: +0.009% → +0.001%: $0.76
Slippage, 4 orders: −$2.96
Fee Binance: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$44.94
Costs to cover: 0.190%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; RISEx: live order book, 39 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 Binance live order book, 5 min ago	0.05 bp	5.6 bp −$6	7.2 bp −$72	17.3 bp −$1,732	doesn't fit
Sell RISEx live order book, 39 min ago	1.05 bp	4.0 bp −$4	4.4 bp −$44	doesn't fit	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	−0.0861%	4h	1,049.9	−0.061%	$1.3M	$671K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,050.8	+0.026%	$19.1M	$32.3M	100x	as long as short
RISEx MU/USDCshort	0.0000%	1h	1,050.7	+0.009%	$333K	$348K	20x
Gate MU_USDT	0.0000%	8h	1,050.5	−0.011%	$62.1M	$27.5M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,050.2	−0.033%	$85K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,050	−0.055%	$190K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.4	+0.175%	$11K	$5.9M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,050.4	−0.017%	$67K	$377K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.4	−0.011%	$129K	$429K	50x	as long as short
Aftermath Perps MUUSD	+0.0020%	1h	1,050	−0.052%	$3K	$45K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MU-USDT-SWAP	+0.0021%	8h	1,050.7	+0.015%	$31.0M	$99.8M	50x	as long as short
QFEX MU-USD	+0.0030%	1h	1,050.2	−0.031%	$7.2M	$18.1M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.5	−0.010%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.076%	$19K	$5K	12x	as long as short
Extended MU_24_5-USD	+0.0040%	1h	1,050.1	−0.044%	$564K	$1.1M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050	−0.050%	$71K	$235K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.4	+0.078%	—	$175K	25x	as long as short
Lighter MU	+0.0048%	1h	1,050.7	+0.009%	$1.1M	$5.0M	20x	as long as short
Nado MU-PERP	+0.0050%	1h	1,050.2	−0.034%	$282K	$848K	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,050.2	−0.034%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.5	−0.009%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.3	−0.123%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0055%	8h	1,050.4	−0.013%	$2K	—	5x	as long as short
tradeXYZ xyz:MU	+0.0057%	1h	1,050.4	−0.015%	$178.1M	$98.9M	10x	as long as short
Aster MUUSD1	+0.0060%	8h	1,050.5	−0.006%	$21.4M	$53.0M	20x	as long as short
Bullet MU-USD	+0.0065%	1h	1,050.7	+0.013%	$25K	$398K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	−0.059%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050.4	−0.011%	$149K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.3	−0.026%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,049.7	−0.078%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.4	−0.018%	$835	$799	20x	as long as short
Variational Omni MU	+0.0101%	8h	1,050.2	−0.037%	$2.7M	$2.4M	—	as long as short
Aevo MU-PERP	+0.0112%	1h	1,050.3	−0.021%	$32K	$1K	10x	as long as short
Bitget MUUSDT	+0.0116%	8h	1,050.7	+0.016%	$20.6M	$41.1M	50x	as long as short
Binance MUUSDTlong	+0.0127%	8h	1,050.6	long leg	$126.5M	$518.7M	50x
Phoenix MU	+0.0229%	1h	1,050.4	−0.015%	$537K	$271K	15x	as long as short
BloFin MU-USDT	+0.0248%	8h	1,050.3	−0.024%	$1.5M	$2.0M	20x	as long as short