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

MU

RWAall MU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0547%/8h= +59.9% APRpaid last 24h +0.025%
Price spread now: Deribit against edgeX+0.089%75s7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$350.355% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.290%−$29 on $10k
Price spread, last 4 days (all we have)−0.145%−$14 · spread now +0.089%, 7d avg −0.014%
Together, before fees−0.435%+ Points / potential airdropedgeX: Active · farm board−$43 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Deribit is 0.103% dearer against edgeX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.014%. Mind the row above: over the last 4 days funding on this pair cost −0.290%, so the current rate has only just turned in your favour. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX MUUSDC1,036.2−0.0547get 0.0273% / 4h46m 05s$1.3M$673K10x
ShortDeribit MU_USDC-PERPETUAL1,037.10get 0.0000% / 1h46m 05s$74K$597K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against edgeX. 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
$114.8
Price spread: +0.089% → −0.014%
$10.32
Slippage, 4 orders
−$19.48
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$89.64
Costs to cover
0.355%
Break-even
1.5 days
Slippage from edgeX: live order book, 3 min ago; Deribit: live order book, 58 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 3 min ago0.29 bp4.9 bp −$56.7 bp −$6728.7 bp −$2,867doesn't fit
Sell Deribit live order book, 58 min ago0.05 bp11.4 bp −$1116.8 bp −$168doesn't fitdoesn't fit

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 MUUSDClong−0.0547%4h1,036.2long leg$1.3M$673K10x
Bitget MUUSDT−0.0210%8h1,037.5+0.130%$20.2M$40.1M50xas long as short
Aster MUUSD10.0000%8h1,037.8+0.154%$21.1M$65.0M20xas long as short
Binance MUUSDT0.0000%8h1,037.4+0.119%$122.1M$538.3M50xas long as short
Bybit MUUSDT0.0000%8h1,037.4+0.117%$18.7M$32.2M100xas long as short
OKX MU-USDT-SWAP0.0000%8h1,037.3+0.111%$29.8M$100.1M50xas long as short
RISEx MU/USDC0.0000%1h1,038.1+0.187%$313K$385K20xas long as short
Gate MU_USDT0.0000%8h1,037.3+0.108%$61.4M$28.2M75xas long as short
Variational Omni MU0.0000%8h1,036.2+0.004%$2.5M$2.6Mas long as short
GRVT MU_USDT_Perp0.0000%8h1,036.4+0.020%$71K$1.4M10xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
StandX MU-USD0.0000%1h1,038.1+0.179%$188K$3.5M20xas long as short
SunX MU-USDT0.0000%8h1,039.3+0.298%$11K$5.6M10xas long as short
Deribit MU_USDC-PERPETUALshort0.0000%1h1,037.1+0.089%$74K$597K10x
HTX MU-USDT0.0000%8h1,037.1+0.088%$128K$462K50xas long as short
Aftermath Perps MUUSD+0.0016%1h1,036.7+0.045%$3K$44K10xas long as short
QFEX MU-USD+0.0021%1h1,038+0.169%$7.0M$18.8M10xas long as short
Lighter RH MU+0.0032%1h1,037.4+0.118%$1.1M$4.4M10xas long as short
Extended MU_24_5-USD+0.0032%1h1,037.1+0.084%$545K$1.1M10xas long as short
Injective MU/USDC PERP+0.0033%1h1,051.4+1.464%$19K$5K12xas long as short
Nado MU-PERP+0.0035%1h1,037.3+0.106%$279K$808K10xas long as short
Bullet MU-USD+0.0040%1h1,037.6+0.135%$25K$389K10xas long as short
Arcus MU-USD+0.0040%1h1,036.9+0.065%$90K$244K10xas long as short
Vest MU-USD-PERP+0.0046%1h1,037.6+0.132%$175K25xas long as short
tradeXYZ xyz:MU+0.0050%1h1,037+0.078%$176.3M$84.0M10xas long as short
Polymarket Perps MU-USD+0.0050%1h1,037.2+0.097%$168K$195K10xas long as short
SoDEX MU-USD+0.0050%1h1,037.3+0.106%$681K$15K10xas long as short
Ondo Perps MU-USD.P+0.0050%1h1,035.7−0.053%$1.8M$2.7M10xas long as short
Paradex MU-USD-PERP+0.0051%8h1,037.9+0.166%$2K5xas long as short
Lighter MU+0.0080%1h1,037.5+0.130%$1.0M$4.9M20xas long as short
Aevo MU-PERP+0.0080%1h1,037.1+0.087%$32K$1K10xas long as short
Coinbase International MU-PERP-INTX+0.0080%1h1,037.2+0.098%$725K$1.2M10xas long as short
Pacifica MU+0.0100%1h1,037.8+0.152%$147K$188K10xas long as short
KuCoin MUUSDTM+0.0100%8h1,037.3+0.102%$5.2M$3.9M20xas long as short
ApeX Omni MUUSDT+0.0100%1h1,038.5+0.220%$70K$270K50xas long as short
Orderly PERP_MU_USDC_mythos+0.0100%8h1,037.4+0.114%$825$79920xas long as short
BloFin MU-USDT+0.0120%8h1,038.3+0.201%$1.5M$2.1M20xas long as short
Phoenix MU+0.0232%1h1,037.8+0.155%$531K$270K15xas long as short