Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0955%/8h= −104.5% APRpaid last 24h +0.052%

Price spread now: edgeX against Orderly+0.152%71s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

The price spread pays, funding is against you. edgeX is 0.152% dearer against Orderly than usual: you sell high and buy low (spread +0.152% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$29 a day in funding at the current rate, which eats that in about 13 hours. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_MU_USDC_mythos	1,048.9	0.0100	pay 0.0100% / 8h	6h 56m	$834	$799	20x
Short	edgeX MUUSDC	1,050.5	−0.0855	pay 0.0427% / 4h	2h 56m	$1.3M	$670K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Orderly. 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 OrderlybpFee edgeXbpOrdersPrice spread, now +0.152%Rate

Funding earned: −$200.49
Price spread: +0.152% → 0.000%: $15.2
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$200.3
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; edgeX: live order book, 3 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell edgeX live order book, 3 min ago	0.29 bp	4.9 bp −$5	6.8 bp −$68	29.6 bp −$2,957	doesn't fit

Orderly: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX MUUSDCshort	−0.0855%	4h	1,050.5	+0.152%	$1.3M	$670K	10x
Nado MU-PERP	−0.0006%	1h	1,048.3	−0.058%	$271K	$859K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,048.5	−0.039%	$62.3M	$27.3M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,049.1	+0.024%	$190K	$3.3M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,048.6	−0.025%	$26K	$397K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,049.6	+0.071%	$11K	$6.1M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,048.3	−0.054%	$65K	$315K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,048.2	−0.061%	$129K	$425K	50x	as long as short
Aftermath Perps MUUSD	+0.0023%	1h	1,049.7	+0.077%	$3K	$45K	10x	as long as short
Lighter MU	+0.0032%	1h	1,048.5	−0.031%	$1.1M	$4.8M	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH MU	+0.0032%	1h	1,048.6	−0.030%	$1.2M	$4.1M	10x	as long as short
QFEX MU-USD	+0.0040%	1h	1,048.3	−0.051%	$7.5M	$20.9M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,049.6	+0.072%	$71K	$242K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,049.7	+0.078%	—	$179K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,048.4	−0.044%	$177.9M	$100.3M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,048.4	−0.044%	$170K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,048.7	−0.020%	$688K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.1	+0.020%	$1.9M	$2.4M	10x	as long as short
Paradex MU-USD-PERP	+0.0078%	8h	1,048.5	−0.037%	$2K	—	5x	as long as short
OKX MU-USDT-SWAP	+0.0094%	8h	1,048.7	−0.017%	$30.9M	$101.4M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,048.8	−0.007%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,048.6	−0.022%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.4	+0.145%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythoslong	+0.0100%	8h	1,048.9	long leg	$834	$799	20x
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.238%	$19K	$5K	12x	as long as short
Bybit MUUSDT	+0.0113%	8h	1,048.9	+0.007%	$19.3M	$32.7M	100x	as long as short
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,049.6	+0.069%	$761K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0144%	1h	1,048.3	−0.052%	$32K	$1K	10x	as long as short
Extended MU_24_5-USD	+0.0168%	1h	1,048.2	−0.060%	$563K	$1.2M	10x	as long as short
Variational Omni MU	+0.0251%	8h	1,048.5	−0.033%	$2.7M	$2.4M	—	as long as short
Aster MUUSD1	+0.0262%	8h	1,049.1	+0.026%	$21.6M	$49.1M	20x	as long as short
Binance MUUSDT	+0.0266%	8h	1,048.7	−0.013%	$125.8M	$523.0M	50x	as long as short
Phoenix MU	+0.0383%	1h	1,050.9	+0.194%	$538K	$273K	15x	as long as short
Bitget MUUSDT	+0.0386%	8h	1,048.8	−0.010%	$20.5M	$41.6M	50x	as long as short
BloFin MU-USDT	+0.0388%	8h	1,049.6	+0.071%	$1.5M	$2.0M	20x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,048.7	−0.018%	$315K	$340K	20x	as long as short
GRVT MU_USDT_Perp	+0.0514%	8h	1,050.4	+0.147%	$83K	$1.3M	10x	as long as short