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 −0.009%

Price spread now: SunX against OKX+0.108%7-day average +0.147% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$700.698% of the position

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.123%−$12 on $10k

Price spread, last 4 days (all we have)−0.039%−$4 · spread now +0.108%, 7d avg +0.147%

Together, before fees−0.162%−$16 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: SunX is 0.040% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.147%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MU-USDT-SWAP	1,041	0	get 0.0000% / 8h	2h 10m	$30.0M	$101.6M	50x
Short	SunX MU-USDT	1,042.1	0	get 0.0000% / 8h	2h 10m	$11K	$5.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.108%Rate

Funding earned: $0
Price spread: +0.108% → +0.147%: −$3.99
Slippage, 4 orders: −$51.83
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$73.82
Costs to cover: 0.698%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; SunX: live order book, 9 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, 4 min ago	0.05 bp	6.0 bp −$6	7.3 bp −$73	20.7 bp −$2,074	doesn't fit
Sell SunX live order book, 9 min ago	21.56 bp	32.9 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	−0.0148%	4h	1,038.9	−0.199%	$1.3M	$671K	10x	as long as short
Bitget MUUSDT	−0.0145%	8h	1,040.7	−0.025%	$20.3M	$41.2M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,041.2	+0.017%	$21.2M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,041	0.000%	$122.2M	$535.6M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,041.2	+0.017%	$18.7M	$32.1M	100x	as long as short
OKX MU-USDT-SWAPlong	0.0000%	8h	1,041	long leg	$30.0M	$101.6M	50x
RISEx MU/USDC	0.0000%	1h	1,040.6	−0.034%	$316K	$382K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,040.4	−0.055%	$61.6M	$28.6M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,040.3	−0.066%	$2.5M	$2.5M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,037.3	−0.351%	$84K	$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	1,041	−0.002%	$188K	$3.5M	20x	as long as short
SunX MU-USDTshort	0.0000%	8h	1,042.1	+0.108%	$11K	$5.7M	10x
HTX MU-USDT	0.0000%	8h	1,040.4	−0.057%	$127K	$438K	50x	as long as short
Aftermath Perps MUUSD	+0.0015%	1h	1,038.1	−0.273%	$3K	$44K	10x	as long as short
Nado MU-PERP	+0.0022%	1h	1,040	−0.095%	$277K	$817K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,040.2	−0.072%	$7.0M	$18.2M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,041.1	+0.008%	$1.2M	$4.6M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,040.3	−0.063%	$538K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.996%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0037%	1h	1,040.6	−0.037%	$26K	$389K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,038.9	−0.203%	$70K	$231K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,040.4	−0.054%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,040.4	−0.057%	$176.9M	$92.0M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,040.2	−0.076%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,040.6	−0.037%	$683K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,039.7	−0.129%	$1.9M	$2.5M	10x	as long as short
Paradex MU-USD-PERP	+0.0054%	8h	1,040.7	−0.032%	$2K	—	5x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0058%	1h	1,040.5	−0.052%	$74K	$529K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,040.4	−0.056%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,039.9	−0.103%	$148K	$189K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,040.3	−0.068%	$5.2M	$3.8M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,039.5	−0.140%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,040.8	−0.022%	$827	$799	20x	as long as short
Lighter MU	+0.0104%	1h	1,040.8	−0.018%	$1.0M	$5.0M	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,040.8	−0.020%	$1.5M	$2.1M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,036	−0.482%	$731K	$1.3M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,039	−0.191%	$531K	$270K	15x	as long as short