Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0768%/8h= −84.1% APRpaid last 24h 0.000%

Price spread now: edgeX against Deribit+0.038%7-day average +0.012% · 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−$35as in the Price arb table

costs, in and out, $10k−$380.380% of the position

Long on Deribit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.321%+$32 on $10k

Price spread, last 3 days (all we have)+0.017%+$2 · spread now +0.038%, 7d avg +0.012%

Together, before fees+0.338%+ Points / potential airdropedgeX: Active · farm board+$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.026% dearer against Deribit than usual: you sell high and buy low (spread +0.038% now, against its 7-day average of +0.012%): +$3 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 3 hours. Mind the row above: over the last 4 days funding on this pair paid +0.321%, 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	Deribit MU_USDC-PERPETUAL	1,050	0.0265	pay 0.0033% / 1h	48m 29s	$66K	$355K	10x
Short	edgeX MUUSDC	1,050.4	−0.0504	pay 0.0252% / 4h	1h 48m	$1.3M	$671K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Deribit. 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 DeribitbpFee edgeXbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$161.36
Price spread: +0.038% → +0.012%: $2.61
Slippage, 4 orders: −$21.98
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$196.73
Costs to cover: 0.380%
Break-even: never at this rate

Slippage from Deribit: live order book, 15 min ago; edgeX: live order book, just now.

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 Deribit live order book, 15 min ago	5.62 bp	11.9 bp −$12	15.1 bp −$151	doesn't fit	doesn't fit
Sell edgeX live order book, just now	0.38 bp	5.0 bp −$5	6.7 bp −$67	29.8 bp −$2,978	doesn't fit

MU on 36 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	−0.0504%	4h	1,050.4	+0.038%	$1.3M	$671K	10x
RISEx MU/USDC	0.0000%	1h	1,050	+0.001%	$333K	$349K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,049.7	−0.030%	$62.0M	$27.4M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,050.1	+0.010%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.7	+0.164%	$11K	$5.9M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,049.7	−0.030%	$129K	$427K	50x	as long as short
Bybit MUUSDT	+0.0017%	8h	1,050.2	+0.021%	$19.2M	$32.4M	100x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,049.9	−0.012%	$3K	$44K	10x	as long as short
GRVT MU_USDT_Perp	+0.0024%	8h	1,050.8	+0.072%	$79K	$1.3M	10x	as long as short
QFEX MU-USD	+0.0030%	1h	1,049.6	−0.041%	$7.3M	$18.4M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH MU	+0.0032%	1h	1,049.5	−0.050%	$1.2M	$4.2M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.128%	$19K	$5K	12x	as long as short
Extended MU_24_5-USD	+0.0040%	1h	1,049.1	−0.084%	$564K	$1.1M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050	+0.002%	$71K	$235K	10x	as long as short
OKX MU-USDT-SWAP	+0.0041%	8h	1,049.9	−0.010%	$31.0M	$100.0M	50x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,050.7	+0.060%	—	$175K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049.6	−0.040%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,049.9	−0.013%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,048.9	−0.103%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0059%	8h	1,049.9	−0.016%	$2K	—	5x	as long as short
Lighter MU	+0.0088%	1h	1,049.5	−0.051%	$1.1M	$4.8M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	−0.008%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,049.8	−0.022%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050	+0.001%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.8	+0.074%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050	−0.004%	$835	$799	20x	as long as short
Nado MU-PERP	+0.0104%	1h	1,049.7	−0.034%	$280K	$849K	10x	as long as short
Aster MUUSD1	+0.0108%	8h	1,050.2	+0.016%	$21.4M	$52.1M	20x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,049.6	−0.039%	$32K	$1K	10x	as long as short
tradeXYZ xyz:MU	+0.0121%	1h	1,049.4	−0.059%	$178.1M	$99.2M	10x	as long as short
Variational Omni MU	+0.0144%	8h	1,050.4	+0.040%	$2.7M	$2.3M	—	as long as short
Bullet MU-USD	+0.0158%	1h	1,050.1	+0.008%	$26K	$397K	10x	as long as short
Binance MUUSDT	+0.0163%	8h	1,049.9	−0.010%	$126.5M	$520.0M	50x	as long as short
Bitget MUUSDT	+0.0165%	8h	1,050	−0.005%	$20.6M	$41.2M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.2	+0.017%	$537K	$271K	15x	as long as short
Deribit MU_USDC-PERPETUALlong	+0.0265%	1h	1,050	long leg	$66K	$355K	10x