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

MU

RWAall MU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC−0.0068%/8h= −7.4% APRnext payment $0.08 per $10,000 · paid last 24h −0.031%
Price spread now: Ondo Perps against RISEx−0.140%7-day average −0.115% · you buy dearer than you sell
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 4 days (all we have)−0.020%−$2 on $10k
Price spread, last 4 days (all we have)+0.069%+$7 · spread now −0.140%, 7d avg −0.115%
Together, before fees+0.049%+ Points / potential airdropOndo Perps: Active · farm board+$5 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 Ondo Perps is 0.025% cheaper against RISEx than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.115%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx MU/USDC1,039.70.0118pay 0.0015% / 1h41m 22s$299K$351K20x
ShortOndo Perps MU-USD.P1,038.20.0050get 0.0006% / 1h41m 22s$1.9M$3.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against RISEx. 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
−$14.18
Price spread: −0.140% → −0.115%
−$2.54
Slippage, 4 orders
no order book: not counted
Fee RISEx: 3 bp × 2 orders
−$6
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$27.73
Costs to cover
0.110%
Break-even
never at this rate
Slippage unknown: RISEx: live order book, 5 min ago; Ondo Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 5 min ago0.82 bp3.8 bp −$45.8 bp −$58doesn't fitdoesn't fit
Sell Ondo Perps no order-book sample
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 exchanges

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−0.0853%4h1,038.8−0.080%$1.3M$696K10xas long as short
Aster MUUSD10.0000%8h1,039.8+0.008%$21.2M$73.6M20xas long as short
Binance MUUSDT0.0000%8h1,039.5−0.018%$121.7M$555.3M50xas long as short
OKX MU-USDT-SWAP0.0000%8h1,039.5−0.017%$29.7M$107.3M50xas long as short
Gate MU_USDT0.0000%8h1,039.4−0.024%$61.5M$28.0M75xas long as short
Bitget MUUSDT0.0000%8h1,039.4−0.025%$19.8M$43.6M50xas long as short
Variational Omni MU0.0000%8h1,039.1−0.059%$2.6M$2.6Mas long as short
StandX MU-USD0.0000%1h1,039.3−0.035%$188K$3.7M20xas long as short
SunX MU-USDT0.0000%8h1,041.4+0.161%$11K$5.0M10xas long as short
Deribit MU_USDC-PERPETUAL0.0000%1h1,038.8−0.083%$34K$727K10xas long as short
Show all 37 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX MU-USDT0.0000%8h1,039.3−0.033%$119K$474K50xas long as short
Lighter RH MU+0.0032%1h1,039.5−0.021%$1.2M$4.5M10xas long as short
Injective MU/USDC PERP+0.0033%1h1,051.4+1.124%$19K$5K12xas long as short
Aftermath Perps MUUSD+0.0035%1h1,039.2−0.043%$3K$41K10xas long as short
Vest MU-USD-PERP+0.0046%1h1,040.5+0.079%$177K25xas long as short
Polymarket Perps MU-USD+0.0050%1h1,039.2−0.046%$169K$171K10xas long as short
SoDEX MU-USD+0.0050%1h1,039.1−0.054%$683K$14K10xas long as short
Ondo Perps MU-USD.Pshort+0.0050%1h1,038.2−0.140%$1.9M$3.2M10x
QFEX MU-USD+0.0058%1h1,039.6−0.011%$7.0M$19.3M10xas long as short
Bybit MUUSDT+0.0077%8h1,039.8+0.012%$18.8M$32.4M100xas long as short
Paradex MU-USD-PERP+0.0079%8h1,039.6−0.012%$2K5xas long as short
Aevo MU-PERP+0.0080%1h1,038.9−0.070%$32K$1K10xas long as short
Pacifica MU+0.0100%1h1,039.1−0.055%$151K$227K10xas long as short
KuCoin MUUSDTM+0.0100%8h1,039.3−0.035%$5.2M$6.1M20xas long as short
ApeX Omni MUUSDT+0.0100%1h1,038.8−0.088%$70K$270K50xas long as short
Orderly PERP_MU_USDC_mythos+0.0100%8h1,039.5−0.019%$826$79920xas long as short
RISEx MU/USDClong+0.0118%1h1,039.7long leg$299K$351K20x
BloFin MU-USDT+0.0120%8h1,039.7+0.003%$1.5M$2.6M20xas long as short
Nado MU-PERP+0.0126%1h1,038.8−0.084%$276K$840K10xas long as short
Arcus MU-USD+0.0139%1h1,038.8−0.080%$90K$147K10xas long as short
Lighter MU+0.0168%1h1,039.5−0.015%$1.0M$5.0M20xas long as short
Coinbase International MU-PERP-INTX+0.0192%1h1,038.5−0.116%$727K$1.2M10xas long as short
GRVT MU_USDT_Perp+0.0197%8h1,039.7−0.002%$74K$1.4M10xas long as short
Bullet MU-USD+0.0208%1h1,039.5−0.017%$24K$384K10xas long as short
tradeXYZ xyz:MU+0.0237%1h1,039.2−0.046%$177.2M$75.7M10xas long as short
Phoenix MU+0.0308%1h1,039.8+0.012%$532K$159K15xas long as short
Extended MU_24_5-USD+0.0336%1h1,038.8−0.089%$551K$1.1M10xas long as short