Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.036%

Price spread now: Lighter RH against Extended+0.044%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$120.118% of the position

Long on Extended Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.134%−$13 on $10k

Price spread, last 7 days−0.067%−$7 · spread now +0.044%, 7d avg +0.006%

Together, before fees−0.201%+ Points / potential airdropExtended: Active · Lighter RH: Points live · farm board−$20 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.038% dearer against Extended than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MU_24_5-USD	1,042.2	0.0032	pay 0.0004% / 1h	5m 32s	$555K	$1.1M	10x
Short	Lighter RH MU	1,042.6	0.0032	get 0.0004% / 1h	5m 32s	$1.3M	$4.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → +0.006%: $3.82
Slippage, 4 orders: −$6.81
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$8
Costs to cover: 0.118%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Lighter RH: live order book, 3 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, 3 min ago	0.05 bp	7.3 bp −$7	14.9 bp −$149	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	0.05 bp	0.4 bp $0	3.3 bp −$33	doesn't fit	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	−0.0615%	4h	1,042.3	+0.017%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,043.1	+0.087%	$21.2M	$56.9M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,042.7	+0.055%	$123.2M	$525.4M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,042.8	+0.063%	$18.6M	$31.9M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,042.9	+0.068%	$30.7M	$99.7M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,042.8	+0.059%	$337K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,042.8	+0.063%	$61.9M	$28.1M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,042.9	+0.069%	$20.5M	$41.6M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,043.3	+0.109%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,042.5	+0.030%	$83K	$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	1,043.2	+0.098%	$189K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,045.4	+0.309%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,042.9	+0.071%	$129K	$435K	50x	as long as short
Aftermath Perps MUUSD	+0.0023%	1h	1,042.6	+0.038%	$3K	$44K	10x	as long as short
Nado MU-PERP	+0.0031%	1h	1,042.3	+0.014%	$281K	$823K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,042.7	+0.048%	$7.0M	$18.0M	10x	as long as short
Lighter MU	+0.0032%	1h	1,042.8	+0.062%	$1.1M	$5.1M	20x	as long as short
Lighter RH MUshort	+0.0032%	1h	1,042.6	+0.044%	$1.3M	$4.4M	10x
Extended MU_24_5-USDlong	+0.0032%	1h	1,042.2	long leg	$555K	$1.1M	10x
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.882%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0037%	1h	1,042.9	+0.071%	$26K	$392K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,042.7	+0.048%	$70K	$232K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,043	+0.075%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,042.5	+0.032%	$177.3M	$94.9M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,042.6	+0.042%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,043	+0.080%	$684K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,043.2	+0.095%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,042	−0.013%	$1.9M	$2.3M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,043	+0.077%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,042.8	+0.060%	$147K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,042.6	+0.037%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,042.3	+0.011%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,043.4	+0.119%	$830	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,044.6	+0.234%	$749K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,042.5	+0.027%	$1.5M	$2.0M	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0201%	1h	1,043.5	+0.128%	$73K	$490K	10x	as long as short
Phoenix MU	+0.0305%	1h	1,043.1	+0.090%	$534K	$271K	15x	as long as short