Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0797%/8h= +87.3% APRpaid last 24h −0.007%

Price spread now: Injective against edgeX+1.307%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.846%−$85 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Injective is 1.307% dearer against edgeX than usual: you sell high and buy low: +$131 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.846%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MUUSDC	1,037.8	−0.0764	get 0.0382% / 4h	9m 06s	$1.3M	$672K	10x
Short	Injective MU/USDC PERP	1,051.4	0.0033	get 0.0004% / 1h	9m 06s	$19K	$5K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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

Position, each leg$Hold fordaysFee edgeXbpFee InjectivebpOrdersPrice spread, now +1.307%Rate

Funding earned: $167.39
Price spread: +1.307% → 0.000%: $130.69
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $289.06
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: edgeX: live order book, 5 min ago; Injective: no order-book sample. Net counts fees only.

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 edgeX live order book, 5 min ago	0.38 bp	5.0 bp −$5	6.8 bp −$68	31.0 bp −$3,095	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 MUUSDClong	−0.0764%	4h	1,037.8	long leg	$1.3M	$672K	10x
Bitget MUUSDT	−0.0149%	8h	1,038.7	+0.084%	$20.2M	$39.9M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,038.7	+0.088%	$21.2M	$67.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,038.5	+0.068%	$122.3M	$537.1M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,038.5	+0.072%	$18.8M	$32.3M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,038.5	+0.065%	$29.8M	$100.1M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,038.6	+0.074%	$313K	$384K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,038.3	+0.048%	$61.6M	$28.4M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,037.8	−0.004%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,037.9	+0.012%	$71K	$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	1,038.4	+0.055%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,040	+0.209%	$11K	$5.5M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,038.5	+0.067%	$126K	$481K	50x	as long as short
Bullet MU-USD	+0.0007%	1h	1,038.6	+0.077%	$25K	$388K	10x	as long as short
Nado MU-PERP	+0.0014%	1h	1,038.1	+0.034%	$280K	$804K	10x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,038.2	+0.038%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0021%	1h	1,038.4	+0.058%	$7.0M	$18.7M	10x	as long as short
Lighter MU	+0.0032%	1h	1,038.5	+0.071%	$1.0M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,038.4	+0.060%	$1.1M	$4.5M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,038.1	+0.027%	$545K	$1.1M	10x	as long as short
Injective MU/USDC PERPshort	+0.0033%	1h	1,051.4	+1.307%	$19K	$5K	12x
Arcus MU-USD	+0.0040%	1h	1,037.8	−0.005%	$90K	$244K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,038.6	+0.080%	—	$175K	25x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0049%	1h	1,038.3	+0.049%	$74K	$618K	10x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,038.3	+0.048%	$176.4M	$80.2M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,038.2	+0.039%	$168K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,038.4	+0.062%	$681K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.8	+0.003%	$1.8M	$2.7M	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,038.4	+0.059%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,038.2	+0.038%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,038.3	+0.052%	$726K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,038.1	+0.030%	$145K	$191K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,038.2	+0.039%	$5.2M	$4.1M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,038	+0.018%	$70K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.5	+0.067%	$826	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,038.5	+0.071%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0232%	1h	1,038.9	+0.106%	$531K	$270K	15x	as long as short