Settings8H · net · $10k
Funding arb · Price arb /

MU

RWAall MU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: HTX against Ondo Perps+0.082%7-day average +0.107% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.083%−$8 on $10k
Price spread, last 4 days (all we have)−0.015%−$2 · spread now +0.082%, 7d avg +0.107%
Together, before fees−0.098%+ Points / potential airdropOndo Perps: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and HTX is 0.025% cheaper against Ondo Perps than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.107%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps MU-USD.P1,051.40.0050pay 0.0006% / 1h33m 21s$1.9M$2.2M10x
ShortHTX MU-USDT1,052.30get 0.0000% / 8h4h 33m$131K$436K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Ondo Perps. 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

Funding earned
−$10.58
Price spread: +0.082% → +0.107%
−$2.48
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee HTX: 6 bp × 2 orders
−$12
Net
−$30.07
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Ondo Perps: no order-book sample; HTX: live order book, 25 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Ondo Perps no order-book sample
Sell HTX live order book, 25 min ago3.18 bp10.5 bp −$1010.5 bp −$10515.3 bp −$1,532doesn't fit
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MU on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX MUUSDC−0.0164%4h1,052.3+0.079%$1.3M$672K10xas long as short
OKX MU-USDT-SWAP0.0000%8h1,052.5+0.099%$31.2M$99.7M50xas long as short
RISEx MU/USDC0.0000%1h1,052.5+0.104%$334K$348K20xas long as short
Gate MU_USDT0.0000%8h1,052.4+0.090%$62.3M$27.5M75xas long as short
GRVT MU_USDT_Perp0.0000%8h1,052.5+0.099%$82K$1.3M10xas long as short
StandX MU-USD0.0000%1h1,051.7+0.029%$190K$3.4M20xas long as short
SunX MU-USDT0.0000%8h1,054.1+0.251%$11K$5.8M10xas long as short
HTX MU-USDTshort0.0000%8h1,052.3+0.082%$131K$436K50x
Aster MUUSD1+0.0003%8h1,052.3+0.079%$21.4M$55.0M20xas long as short
Aftermath Perps MUUSD+0.0019%1h1,052.2+0.078%$3K$45K10xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit MUUSDT+0.0025%8h1,052.8+0.129%$19.1M$32.3M100xas long as short
Variational Omni MU+0.0032%8h1,052.2+0.076%$2.7M$2.4Mas long as short
Lighter RH MU+0.0032%1h1,052.4+0.087%$1.3M$4.4M10xas long as short
Extended MU_24_5-USD+0.0032%1h1,051.8+0.035%$564K$1.1M10xas long as short
Injective MU/USDC PERP+0.0033%1h1,051.4−0.007%$19K$5K12xas long as short
QFEX MU-USD+0.0034%1h1,052.3+0.079%$7.2M$17.9M10xas long as short
Arcus MU-USD+0.0040%1h1,052+0.056%$71K$234K10xas long as short
Bullet MU-USD+0.0044%1h1,052.6+0.111%$25K$397K10xas long as short
Vest MU-USD-PERP+0.0046%1h1,053.5+0.195%$176K25xas long as short
Nado MU-PERP+0.0048%1h1,051.9+0.048%$282K$842K10xas long as short
Polymarket Perps MU-USD+0.0050%1h1,052.2+0.073%$171K$202K10xas long as short
SoDEX MU-USD+0.0050%1h1,052.2+0.071%$691K$16K10xas long as short
Ondo Perps MU-USD.Plong+0.0050%1h1,051.4long leg$1.9M$2.2M10x
Paradex MU-USD-PERP+0.0052%8h1,052.5+0.103%$2K5xas long as short
Lighter MU+0.0056%1h1,052.4+0.091%$1.1M$5.1M20xas long as short
Binance MUUSDT+0.0066%8h1,052.6+0.108%$126.8M$517.2M50xas long as short
tradeXYZ xyz:MU+0.0078%1h1,052.2+0.073%$178.9M$99.0M10xas long as short
Coinbase International MU-PERP-INTX+0.0080%1h1,052.1+0.067%$758K$1.2M10xas long as short
Aevo MU-PERP+0.0096%1h1,052+0.056%$32K$1K10xas long as short
Pacifica MU+0.0100%1h1,052.2+0.071%$148K$185K10xas long as short
KuCoin MUUSDTM+0.0100%8h1,052.2+0.072%$5.3M$3.4M20xas long as short
ApeX Omni MUUSDT+0.0100%1h1,052.7+0.125%$71K$268K50xas long as short
Orderly PERP_MU_USDC_mythos+0.0100%8h1,052.4+0.091%$837$79920xas long as short
Bitget MUUSDT+0.0110%8h1,052.5+0.102%$20.5M$41.1M50xas long as short
Deribit MU_USDC-PERPETUAL+0.0111%1h1,052+0.057%$69K$423K10xas long as short
BloFin MU-USDT+0.0187%8h1,052.5+0.101%$1.5M$2.0M20xas long as short
Phoenix MU+0.0304%1h1,052.3+0.083%$538K$271K15xas long as short