Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: StandX against Orderly+0.036%7-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 StandX

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 airdropStandX: Active · farm boardneeds both histories

The price spread pays, funding is against you. StandX is 0.036% dearer against Orderly than usual: you sell high and buy low (spread +0.036% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_MU_USDC_mythos	1,042.8	0.0100	pay 0.0100% / 8h	3h 05m	$829	$799	20x
Short	StandX MU-USD	1,043.2	0	get 0.0000% / 1h	5m 15s	$189K	$3.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$21
Price spread: +0.036% → 0.000%: $3.64
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee StandX: 4 bp × 2 orders: −$8
Net: −$31.36
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; StandX: live order book, 4 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 StandX live order book, 4 min ago	2.97 bp	8.4 bp −$8	13.8 bp −$138	doesn't fit	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 MUUSDC	−0.0615%	4h	1,042.3	−0.045%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,043.1	+0.028%	$21.2M	$57.0M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,042.9	+0.011%	$123.2M	$525.4M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,043	+0.015%	$18.6M	$31.9M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,042.9	+0.006%	$30.7M	$99.7M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,042.8	−0.002%	$337K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,042.7	−0.011%	$61.9M	$28.1M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,042.9	+0.006%	$20.5M	$41.6M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,043.3	+0.047%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,042.5	−0.032%	$83K	$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-USDshort	0.0000%	1h	1,043.2	+0.036%	$189K	$3.5M	20x
SunX MU-USDT	0.0000%	8h	1,044.2	+0.136%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,042.7	−0.012%	$73K	$491K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,042.4	−0.037%	$130K	$435K	50x	as long as short
Aftermath Perps MUUSD	+0.0023%	1h	1,042.6	−0.024%	$3K	$44K	10x	as long as short
Nado MU-PERP	+0.0031%	1h	1,042.3	−0.048%	$281K	$823K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,042.7	−0.013%	$7.0M	$18.0M	10x	as long as short
Lighter MU	+0.0032%	1h	1,042.7	−0.008%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,042.7	−0.012%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,042.2	−0.055%	$555K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.820%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0037%	1h	1,042.9	+0.009%	$26K	$392K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,042.7	−0.013%	$70K	$232K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,043	+0.013%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,042.5	−0.030%	$177.3M	$94.9M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,042.6	−0.020%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,042.7	−0.012%	$684K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,043.2	+0.033%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,042	−0.075%	$1.9M	$2.3M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,042.3	−0.049%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,042.8	−0.002%	$147K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,042.6	−0.025%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,042.3	−0.051%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythoslong	+0.0100%	8h	1,042.8	long leg	$829	$799	20x
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,044.6	+0.172%	$749K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,042.9	+0.010%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0305%	1h	1,043.1	+0.028%	$534K	$271K	15x	as long as short