Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.063%

Price spread now: RISEx against OKX+0.005%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$190.186% of the position

Long on OKX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.005%+$1 on $10k

Price spread, last 4 days (all we have)+0.032%+$3 · spread now +0.005%, 7d avg +0.013%

Together, before fees+0.037%+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MU-USDT-SWAP	1,052.5	0	get 0.0000% / 8h	4h 33m	$31.2M	$99.7M	50x
Short	RISEx MU/USDC	1,052.5	0	get 0.0000% / 1h	33m 05s	$334K	$348K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against OKX. 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 OKXbpFee RISExbpOrdersPrice spread, now +0.005%Rate

Funding earned: $0
Price spread: +0.005% → +0.013%: −$0.78
Slippage, 4 orders: −$2.62
Fee OKX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$19.4
Costs to cover: 0.186%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; RISEx: live order book, 25 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 OKX live order book, 1 min ago	0.05 bp	6.1 bp −$6	8.2 bp −$82	21.4 bp −$2,144	doesn't fit
Sell RISEx live order book, 25 min ago	0.76 bp	3.8 bp −$4	4.5 bp −$45	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	−0.0164%	4h	1,052.3	−0.020%	$1.3M	$672K	10x	as long as short
OKX MU-USDT-SWAPlong	0.0000%	8h	1,052.5	long leg	$31.2M	$99.7M	50x
RISEx MU/USDCshort	0.0000%	1h	1,052.5	+0.005%	$334K	$348K	20x
Gate MU_USDT	0.0000%	8h	1,052.3	−0.016%	$62.3M	$27.5M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.5	0.000%	$82K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,051.7	−0.070%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,054.3	+0.174%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,052	−0.041%	$69K	$424K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,052.3	−0.018%	$131K	$436K	50x	as long as short
Aster MUUSD1	+0.0003%	8h	1,052.2	−0.026%	$21.4M	$55.0M	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MUUSD	+0.0019%	1h	1,052.2	−0.021%	$3K	$45K	10x	as long as short
Bybit MUUSDT	+0.0025%	8h	1,052.8	+0.027%	$19.1M	$32.3M	100x	as long as short
Variational Omni MU	+0.0032%	8h	1,052.2	−0.023%	$2.7M	$2.4M	—	as long as short
Lighter RH MU	+0.0032%	1h	1,052.3	−0.012%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,051.8	−0.066%	$564K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.105%	$19K	$5K	12x	as long as short
QFEX MU-USD	+0.0034%	1h	1,052.3	−0.020%	$7.2M	$17.9M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,052	−0.043%	$71K	$234K	10x	as long as short
Bullet MU-USD	+0.0044%	1h	1,052.6	+0.012%	$25K	$397K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.5	+0.096%	—	$176K	25x	as long as short
Nado MU-PERP	+0.0048%	1h	1,051.9	−0.051%	$282K	$842K	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,052.2	−0.026%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052.3	−0.014%	$691K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.4	−0.099%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,052.5	+0.004%	$2K	—	5x	as long as short
Lighter MU	+0.0056%	1h	1,052.4	−0.005%	$1.1M	$5.1M	20x	as long as short
Binance MUUSDT	+0.0066%	8h	1,052.5	−0.001%	$126.8M	$517.2M	50x	as long as short
tradeXYZ xyz:MU	+0.0078%	1h	1,052.2	−0.026%	$178.9M	$99.0M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,052.1	−0.032%	$758K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0096%	1h	1,052	−0.043%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,052.2	−0.028%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,052.2	−0.027%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,052.7	+0.026%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.4	−0.008%	$837	$799	20x	as long as short
Bitget MUUSDT	+0.0110%	8h	1,052.4	−0.005%	$20.5M	$41.1M	50x	as long as short
BloFin MU-USDT	+0.0186%	8h	1,052.6	+0.008%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0304%	1h	1,052.3	−0.016%	$538K	$271K	15x	as long as short