Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1033%/8h= +113.1% APRpaid last 24h +0.015%

Price spread now: Orderly against edgeX−0.089%71s7-day average — · you buy dearer than you sell

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

Long on edgeX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Orderly is 0.089% cheaper against edgeX than usual: you would sell low and buy high (spread −0.089% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 7 hours of funding at the current rate (+$31 a day). The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MUUSDC	1,048.6	−0.0933	get 0.0467% / 4h	3h 42m	$1.3M	$673K	10x
Short	Orderly PERP_MU_USDC_mythos	1,047.7	0.0100	get 0.0100% / 8h	3h 42m	$833	$799	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.089%Rate

Funding earned: $216.97
Price spread: −0.089% → 0.000%: −$8.92
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: $193.05
Costs to cover: 0.150%
Break-even: 0.8 days

Slippage unknown: edgeX: live order book, 2 min ago; Orderly: 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, 2 min ago	0.67 bp	5.3 bp −$5	7.1 bp −$71	29.1 bp −$2,907	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.0933%	4h	1,048.6	long leg	$1.3M	$673K	10x
Aster MUUSD1	0.0000%	8h	1,048.2	−0.040%	$21.3M	$56.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,048	−0.060%	$125.4M	$517.9M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,048.3	−0.034%	$19.0M	$32.0M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,048	−0.060%	$31.1M	$99.7M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,047.8	−0.076%	$338K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,047.8	−0.080%	$62.3M	$27.7M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,048	−0.058%	$20.5M	$41.3M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,048.6	−0.004%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,048.5	−0.013%	$82K	$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	1,047.6	−0.098%	$189K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,048.5	−0.007%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,047.6	−0.096%	$130K	$431K	50x	as long as short
Aftermath Perps MUUSD	+0.0024%	1h	1,047.7	−0.088%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,047.7	−0.089%	$7.1M	$17.9M	10x	as long as short
Lighter MU	+0.0032%	1h	1,048	−0.063%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,047.8	−0.074%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,047.3	−0.130%	$553K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.262%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,047.7	−0.084%	$71K	$233K	10x	as long as short
BloFin MU-USDT	+0.0041%	8h	1,047.6	−0.100%	$1.5M	$2.0M	20x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,048.5	−0.011%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,047.5	−0.106%	$177.6M	$97.5M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,047.6	−0.097%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,047.8	−0.079%	$688K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,047.4	−0.114%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,047.9	−0.072%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0055%	1h	1,047.4	−0.117%	$282K	$829K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0065%	1h	1,047.9	−0.067%	$73K	$465K	10x	as long as short
Bullet MU-USD	+0.0069%	1h	1,048.1	−0.049%	$26K	$395K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,047.5	−0.103%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,047.7	−0.086%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,047.7	−0.084%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,048.3	−0.031%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythosshort	+0.0100%	8h	1,047.7	−0.089%	$833	$799	20x
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,050	+0.135%	$757K	$1.2M	10x	as long as short
Phoenix MU	+0.0305%	1h	1,048.4	−0.021%	$536K	$271K	15x	as long as short