Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.016%

Price spread now: Vest against Orderly+0.049%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 Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

The price spread pays, funding is against you. Vest is 0.049% dearer against Orderly than usual: you sell high and buy low (spread +0.049% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_MU_USDC_mythos	1,040.9	0.0100	pay 0.0100% / 8h	2h 09m	$827	$799	20x
Short	Vest MU-USD-PERP	1,041.4	0.0046	get 0.0006% / 1h	9m 08s	—	$175K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.049%Rate

Funding earned: −$11.41
Price spread: +0.049% → 0.000%: $4.9
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Vest: 1 bp × 2 orders: −$2
Net: −$14.51
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Vest: no order-book sample. 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 Vest no order-book sample	—	—	—	—	—

Orderly and Vest: 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	−0.0827%	4h	1,040.2	−0.065%	$1.3M	$671K	10x	as long as short
Bitget MUUSDT	−0.0136%	8h	1,040.7	−0.017%	$20.3M	$41.2M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,041	+0.010%	$21.2M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,040.7	−0.018%	$122.1M	$535.6M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,041	+0.014%	$18.7M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,040.5	−0.034%	$30.0M	$101.5M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,041.7	+0.076%	$316K	$382K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,040.6	−0.022%	$61.6M	$28.6M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,040.3	−0.054%	$2.5M	$2.5M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,040.7	−0.011%	$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	1,040.6	−0.021%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,042.5	+0.157%	$11K	$5.7M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,040.9	−0.001%	$74K	$530K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,040.5	−0.031%	$127K	$438K	50x	as long as short
Aftermath Perps MUUSD	+0.0015%	1h	1,038.7	−0.212%	$3K	$44K	10x	as long as short
Nado MU-PERP	+0.0022%	1h	1,041.3	+0.039%	$278K	$816K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,041.5	+0.060%	$7.0M	$18.2M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,040.6	−0.025%	$1.2M	$4.6M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,040.3	−0.059%	$541K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.009%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0037%	1h	1,041.4	+0.052%	$26K	$389K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,039.5	−0.135%	$70K	$231K	10x	as long as short
Vest MU-USD-PERPshort	+0.0046%	1h	1,041.4	+0.049%	—	$175K	25x
tradeXYZ xyz:MU	+0.0050%	1h	1,040.4	−0.044%	$176.9M	$90.7M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,041	+0.013%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,040.8	−0.011%	$683K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,039.7	−0.116%	$1.9M	$2.5M	10x	as long as short
Paradex MU-USD-PERP	+0.0054%	8h	1,041.6	+0.071%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,040.6	−0.023%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,041.1	+0.019%	$148K	$189K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,040.6	−0.022%	$5.2M	$3.8M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,040.8	−0.011%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythoslong	+0.0100%	8h	1,040.9	long leg	$827	$799	20x
Lighter MU	+0.0104%	1h	1,040.8	−0.005%	$1.0M	$5.0M	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,040.7	−0.017%	$1.4M	$2.1M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,036	−0.470%	$731K	$1.3M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,041	+0.013%	$532K	$270K	15x	as long as short