Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0837%/8h= −91.6% APRpaid last 24h +0.019%

Price spread now: edgeX against Bybit+0.011%7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs+$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$260.262% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.712%+$71 on $10k

Price spread, last 7 days−0.045%−$4 · spread now +0.011%, 7d avg −0.035%

Together, before fees+0.667%+ Points / potential airdropedgeX: Active · farm board+$67 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.046% dearer against Bybit than usual: you sell high and buy low (spread +0.011% now, against its 7-day average of −0.035%): +$5 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 4 hours. Mind the row above: over the last 7 days funding on this pair paid +0.712%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MUUSDT	1,050	0.0015	pay 0.0015% / 8h	5h 46m	$19.1M	$32.3M	100x
Short	edgeX MUUSDC	1,050.1	−0.0822	pay 0.0411% / 4h	1h 46m	$1.3M	$672K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bybit. 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 BybitbpFee edgeXbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$175.71
Price spread: +0.011% → −0.035%: $4.65
Slippage, 4 orders: −$6.22
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$197.28
Costs to cover: 0.262%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; edgeX: live order book, 2 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 Bybit live order book, 2 min ago	0.76 bp	8.8 bp −$9	10.6 bp −$106	29.9 bp −$2,987	doesn't fit
Sell edgeX live order book, 2 min ago	0.38 bp	5.0 bp −$5	6.7 bp −$67	29.8 bp −$2,978	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	−0.0822%	4h	1,050.1	+0.011%	$1.3M	$672K	10x
RISEx MU/USDC	0.0000%	1h	1,050.2	+0.015%	$333K	$349K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,049.8	−0.018%	$62.0M	$27.4M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,049.6	−0.043%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.6	+0.148%	$11K	$5.9M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,049.6	−0.038%	$66K	$357K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,049.6	−0.037%	$129K	$427K	50x	as long as short
Bybit MUUSDTlong	+0.0015%	8h	1,050	long leg	$19.1M	$32.3M	100x
Aftermath Perps MUUSD	+0.0020%	1h	1,049.9	−0.010%	$3K	$44K	10x	as long as short
GRVT MU_USDT_Perp	+0.0024%	8h	1,050.8	+0.074%	$79K	$1.3M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MU-USD	+0.0030%	1h	1,049.9	−0.012%	$7.2M	$18.4M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,049.6	−0.038%	$1.2M	$4.2M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.130%	$19K	$5K	12x	as long as short
OKX MU-USDT-SWAP	+0.0039%	8h	1,049.8	−0.020%	$31.0M	$100.0M	50x	as long as short
Extended MU_24_5-USD	+0.0040%	1h	1,049.4	−0.057%	$564K	$1.1M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,049.9	−0.008%	$71K	$235K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,050.7	+0.068%	—	$175K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049.8	−0.019%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,049.7	−0.028%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.3	−0.070%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0059%	8h	1,050	−0.003%	$2K	—	5x	as long as short
Lighter MU	+0.0072%	1h	1,049.8	−0.021%	$1.1M	$4.8M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	−0.006%	$756K	$1.2M	10x	as long as short
Nado MU-PERP	+0.0097%	1h	1,049.6	−0.042%	$280K	$848K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050	−0.002%	$149K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049.9	−0.014%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,049.6	−0.042%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,049.7	−0.027%	$835	$799	20x	as long as short
Aster MUUSD1	+0.0105%	8h	1,050.2	+0.015%	$21.4M	$52.1M	20x	as long as short
tradeXYZ xyz:MU	+0.0106%	1h	1,049.6	−0.038%	$178.1M	$99.2M	10x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,049.6	−0.040%	$32K	$1K	10x	as long as short
Bullet MU-USD	+0.0136%	1h	1,049.9	−0.008%	$26K	$397K	10x	as long as short
Variational Omni MU	+0.0144%	8h	1,050.4	+0.042%	$2.7M	$2.3M	—	as long as short
Binance MUUSDT	+0.0162%	8h	1,049.9	−0.013%	$126.4M	$519.9M	50x	as long as short
Bitget MUUSDT	+0.0162%	8h	1,049.9	−0.008%	$20.6M	$41.2M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.2	+0.019%	$537K	$271K	15x	as long as short
BloFin MU-USDT	+0.0282%	8h	1,049.9	−0.011%	—	$2.0M	20x	as long as short