Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.045%

Price spread now: HTX against Extended+0.044%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$310.306% of the position

Long on Extended Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.185%−$19 on $10k

Price spread, last 4 days (all we have)−0.117%−$12 · spread now +0.044%, 7d avg +0.038%

Together, before fees−0.303%+ Points / potential airdropExtended: Active · farm board−$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.038%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MU_24_5-USD	1,049.6	0.0040	pay 0.0005% / 1h	25m 45s	$564K	$1.1M	10x
Short	HTX MU-USDT	1,050	0	get 0.0000% / 8h	5h 25m	$129K	$429K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Extended. 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 ExtendedbpFee HTXbpOrdersPrice spread, now +0.044%Rate

Funding earned: −$8.4
Price spread: +0.044% → +0.038%: $0.59
Slippage, 4 orders: −$13.59
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$38.4
Costs to cover: 0.306%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; HTX: live order book, 38 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 Extended live order book, 2 min ago	0.52 bp	3.4 bp −$3	12.2 bp −$122	doesn't fit	doesn't fit
Sell HTX live order book, 38 min ago	3.43 bp	9.7 bp −$10	10.1 bp −$101	20.6 bp −$2,057	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 MUUSDC	−0.0521%	4h	1,050.6	+0.096%	$1.3M	$670K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,050.6	+0.098%	$19.1M	$32.3M	100x	as long as short
RISEx MU/USDC	0.0000%	1h	1,050.5	+0.087%	$333K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.3	+0.070%	$62.1M	$27.5M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,050.6	+0.102%	$85K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,049.8	+0.026%	$190K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.1	+0.240%	$11K	$5.9M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,050.1	+0.046%	$67K	$375K	10x	as long as short
HTX MU-USDTshort	0.0000%	8h	1,050	+0.044%	$129K	$429K	50x
Aftermath Perps MUUSD	+0.0020%	1h	1,050	+0.045%	$3K	$45K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MU-USDT-SWAP	+0.0021%	8h	1,050.2	+0.062%	$31.0M	$99.8M	50x	as long as short
QFEX MU-USD	+0.0030%	1h	1,050	+0.044%	$7.2M	$18.1M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.3	+0.070%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.171%	$19K	$5K	12x	as long as short
Extended MU_24_5-USDlong	+0.0040%	1h	1,049.6	long leg	$564K	$1.1M	10x
Arcus MU-USD	+0.0040%	1h	1,050.1	+0.046%	$71K	$235K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.1	+0.144%	—	$175K	25x	as long as short
Lighter MU	+0.0048%	1h	1,050.4	+0.082%	$1.1M	$4.9M	20x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,050	+0.041%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.3	+0.065%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.8	+0.025%	$1.9M	$2.3M	10x	as long as short
Nado MU-PERP	+0.0054%	1h	1,049.9	+0.031%	$282K	$848K	10x	as long as short
Paradex MU-USD-PERP	+0.0056%	8h	1,050.2	+0.063%	$2K	—	5x	as long as short
tradeXYZ xyz:MU	+0.0059%	1h	1,050	+0.041%	$178.1M	$99.2M	10x	as long as short
Aster MUUSD1	+0.0066%	8h	1,050.3	+0.072%	$21.4M	$52.8M	20x	as long as short
Bullet MU-USD	+0.0068%	1h	1,050.3	+0.073%	$25K	$398K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	+0.036%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050.2	+0.061%	$149K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.1	+0.051%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.8	+0.118%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.2	+0.062%	$835	$799	20x	as long as short
Variational Omni MU	+0.0101%	8h	1,050.2	+0.058%	$2.7M	$2.4M	—	as long as short
Aevo MU-PERP	+0.0112%	1h	1,049.9	+0.037%	$32K	$1K	10x	as long as short
Bitget MUUSDT	+0.0121%	8h	1,050.4	+0.078%	$20.6M	$41.1M	50x	as long as short
Binance MUUSDT	+0.0130%	8h	1,050.2	+0.063%	$126.5M	$518.8M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.6	+0.099%	$537K	$271K	15x	as long as short
BloFin MU-USDT	+0.0253%	8h	1,050.1	+0.054%	$1.5M	$2.0M	20x	as long as short