Funding arb · Price arb /

MU

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0038%/8h= −4.1% APRpaid last 24h +0.011%

Price spread now: Arcus against Paradex+0.110%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Arcus

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 airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Arcus is 0.110% dearer against Paradex than usual: you sell high and buy low (spread +0.110% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex MU-USD-PERP	1,048.5	0.0078	pay 0.0078% / 8h	6h 56m	$2K	—	5x
Short	Arcus MU-USD	1,049.6	0.0040	get 0.0005% / 1h	56m 25s	$71K	$242K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Paradex. 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 ParadexbpFee ArcusbpOrdersPrice spread, now +0.110%Rate

Funding earned: −$7.96
Price spread: +0.110% → 0.000%: $10.95
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$5.5
Costs to cover: 0.085%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Arcus: live order book, 12 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 Paradex no order-book sample	—	—	—	—	—
Sell Arcus live order book, 12 min ago	3.66 bp	10.2 bp −$10	12.6 bp −$126	doesn't fit	doesn't fit

Paradex: 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	−0.0855%	4h	1,050.5	+0.189%	$1.3M	$670K	10x	as long as short
Nado MU-PERP	−0.0006%	1h	1,048.3	−0.021%	$271K	$859K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,048.6	+0.016%	$62.3M	$27.3M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,049.1	+0.061%	$190K	$3.3M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,048.6	+0.012%	$26K	$397K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,050.1	+0.153%	$11K	$6.1M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,048.7	+0.022%	$65K	$315K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,048.7	+0.025%	$129K	$424K	50x	as long as short
Aftermath Perps MUUSD	+0.0023%	1h	1,049.7	+0.114%	$3K	$45K	10x	as long as short
Lighter MU	+0.0032%	1h	1,048.5	+0.002%	$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	1,048.5	0.000%	$1.2M	$4.1M	10x	as long as short
QFEX MU-USD	+0.0040%	1h	1,048.3	−0.013%	$7.5M	$20.9M	10x	as long as short
Arcus MU-USDshort	+0.0040%	1h	1,049.6	+0.110%	$71K	$242K	10x
Vest MU-USD-PERP	+0.0046%	1h	1,049.7	+0.115%	—	$179K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,048.4	−0.007%	$177.9M	$100.3M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,048.4	−0.007%	$170K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,049	+0.051%	$688K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.1	+0.057%	$1.9M	$2.4M	10x	as long as short
Paradex MU-USD-PERPlong	+0.0078%	8h	1,048.5	long leg	$2K	—	5x
OKX MU-USDT-SWAP	+0.0096%	8h	1,048.7	+0.021%	$30.9M	$101.4M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,048.8	+0.030%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,048.6	+0.015%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.4	+0.182%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,049.2	+0.070%	$834	$799	20x	as long as short
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.275%	$19K	$5K	12x	as long as short
Bybit MUUSDT	+0.0113%	8h	1,048.8	+0.035%	$19.3M	$32.7M	100x	as long as short
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,049.6	+0.106%	$761K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0152%	1h	1,048.7	+0.025%	$32K	$1K	10x	as long as short
Extended MU_24_5-USD	+0.0184%	1h	1,048.1	−0.035%	$563K	$1.2M	10x	as long as short
Variational Omni MU	+0.0260%	8h	1,050.4	+0.180%	$2.7M	$2.4M	—	as long as short
Aster MUUSD1	+0.0262%	8h	1,049.1	+0.058%	$21.6M	$49.1M	20x	as long as short
Binance MUUSDT	+0.0266%	8h	1,048.7	+0.024%	$125.8M	$523.0M	50x	as long as short
Phoenix MU	+0.0383%	1h	1,050.9	+0.232%	$538K	$273K	15x	as long as short
Bitget MUUSDT	+0.0386%	8h	1,048.7	+0.024%	$20.5M	$41.6M	50x	as long as short
BloFin MU-USDT	+0.0388%	8h	1,049.6	+0.108%	$1.5M	$2.0M	20x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,048.7	+0.019%	$315K	$340K	20x	as long as short
GRVT MU_USDT_Perp	+0.0514%	8h	1,050.4	+0.184%	$83K	$1.3M	10x	as long as short