Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against HTX+0.158%7-day average +0.146% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$780.780% of the position

Long on HTX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.085%−$9 · spread now +0.158%, 7d avg +0.146%

Together, before fees−0.085%−$9 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MU-USDT	1,038.2	0	get 0.0000% / 8h	7m 19s	$126K	$481K	50x
Short	SunX MU-USDT	1,039.9	0	get 0.0000% / 8h	7m 19s	$11K	$5.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.158%Rate

Funding earned: $0
Price spread: +0.158% → +0.146%: $1.17
Slippage, 4 orders: −$58.05
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$76.88
Costs to cover: 0.780%
Break-even: never at this rate

Slippage from HTX: live order book, 31 min ago; SunX: live order book, 11 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, 31 min ago	3.47 bp	10.3 bp −$10	15.3 bp −$153	22.4 bp −$2,243	doesn't fit
Sell SunX live order book, 11 min ago	21.56 bp	32.7 bp −$33	doesn't fit	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	−0.0764%	4h	1,037.8	−0.043%	$1.3M	$672K	10x	as long as short
Bitget MUUSDT	−0.0143%	8h	1,038.6	+0.032%	$20.2M	$39.9M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,038.4	+0.017%	$21.2M	$67.4M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,038.4	+0.015%	$122.5M	$536.9M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,038.4	+0.017%	$18.8M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,038.3	+0.002%	$29.8M	$100.1M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,038.3	+0.009%	$313K	$384K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,038.2	−0.008%	$61.6M	$28.4M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,037.8	−0.047%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,037.9	−0.031%	$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	1,038.2	0.000%	$188K	$3.5M	20x	as long as short
SunX MU-USDTshort	0.0000%	8h	1,039.9	+0.158%	$11K	$5.5M	10x
HTX MU-USDTlong	0.0000%	8h	1,038.2	long leg	$126K	$481K	50x
Bullet MU-USD	+0.0007%	1h	1,038.3	+0.006%	$25K	$388K	10x	as long as short
Nado MU-PERP	+0.0016%	1h	1,037.8	−0.044%	$280K	$804K	10x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,038.4	+0.015%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0021%	1h	1,038.1	−0.013%	$7.0M	$18.7M	10x	as long as short
Lighter MU	+0.0032%	1h	1,038.2	−0.006%	$1.0M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,038.1	−0.016%	$1.1M	$4.5M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,037.7	−0.048%	$545K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.264%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,037.8	−0.043%	$90K	$244K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,038.4	+0.014%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,038.1	−0.013%	$176.3M	$80.2M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,038.2	−0.004%	$168K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,038.3	+0.001%	$681K	$15K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,038.1	−0.018%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.8	−0.039%	$1.8M	$2.7M	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0068%	1h	1,038.1	−0.015%	$74K	$620K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,038	−0.024%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,038.3	+0.010%	$726K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,037.8	−0.046%	$144K	$191K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,038	−0.023%	$5.2M	$4.1M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,038	−0.025%	$70K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.3	+0.002%	$825	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,038.3	+0.010%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0232%	1h	1,038.7	+0.044%	$531K	$270K	15x	as long as short