Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.057%

Price spread now: Coinbase International against HTX+0.022%7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$410.406% of the position

Long on HTX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.358%+$36 on $10k

Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.022%, 7d avg −0.033%

Together, before fees+0.269%+$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.055% dearer against HTX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MU-USDT	1,035.4	0	get 0.0000% / 8h	2h 25m	$127K	$448K	50x
Short	Coinbase International MU-PERP-INTX	1,035.7	0.0144	get 0.0018% / 1h	25m 00s	$731K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against HTX. 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 HTXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.022%Rate

Funding earned: $30.24
Price spread: +0.022% → −0.033%: $5.52
Slippage, 4 orders: −$18.62
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$4.85
Costs to cover: 0.406%
Break-even: 8.1 days

Slippage from HTX: live order book, 23 min ago; Coinbase International: 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 HTX live order book, 23 min ago	3.16 bp	9.2 bp −$9	13.6 bp −$136	19.1 bp −$1,909	doesn't fit
Sell Coinbase International live order book, 3 min ago	5.13 bp	10.2 bp −$10	11.8 bp −$118	73.0 bp −$7,301	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	−0.0386%	4h	1,034	−0.140%	$1.3M	$671K	10x	as long as short
Bitget MUUSDT	−0.0082%	8h	1,035.9	+0.042%	$20.3M	$41.1M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,035.7	+0.022%	$21.0M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,035.5	+0.005%	$121.7M	$532.3M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,035.6	+0.014%	$18.5M	$32.1M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,035.3	−0.011%	$29.9M	$100.4M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,035.2	−0.027%	$316K	$387K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,035.2	−0.024%	$61.4M	$28.4M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,034.5	−0.094%	$2.6M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,037	+0.154%	$75K	$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	1,034.5	−0.091%	$187K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,036.9	+0.139%	$11K	$5.7M	10x	as long as short
HTX MU-USDTlong	0.0000%	8h	1,035.4	long leg	$127K	$448K	50x
Aftermath Perps MUUSD	+0.0018%	1h	1,035.2	−0.026%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,034.8	−0.064%	$7.0M	$18.1M	10x	as long as short
Nado MU-PERP	+0.0027%	1h	1,034.8	−0.060%	$276K	$819K	10x	as long as short
Bullet MU-USD	+0.0032%	1h	1,035.7	+0.023%	$25K	$389K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,035.8	+0.034%	$1.2M	$4.5M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,035.3	−0.015%	$538K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.538%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,034.7	−0.068%	$70K	$231K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,034.8	−0.060%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,035.1	−0.033%	$175.8M	$93.2M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,035.3	−0.014%	$168K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,034.8	−0.060%	$679K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,035	−0.045%	$1.9M	$2.4M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,035.4	−0.008%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,035.4	−0.003%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,034.8	−0.061%	$147K	$189K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,035.1	−0.034%	$5.2M	$3.8M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,034.3	−0.114%	$70K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,035	−0.042%	$823	$799	20x	as long as short
Lighter MU	+0.0112%	1h	1,036	+0.054%	$1.0M	$4.9M	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,035.9	+0.040%	$1.5M	$2.0M	20x	as long as short
Coinbase International MU-PERP-INTXshort	+0.0144%	1h	1,035.7	+0.022%	$731K	$1.3M	10x
Phoenix MU	+0.0231%	1h	1,035	−0.042%	$529K	$270K	15x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0301%	1h	1,035.7	+0.022%	$73K	$515K	10x	as long as short