Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: SunX against SoDEX+0.111%7-day average +0.164% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$820.818% of the position

Long on SoDEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.061%−$6 on $10k

Price spread, last 3 days (all we have)+0.014%+$1 · spread now +0.111%, 7d avg +0.164%

Together, before fees−0.047%−$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 SunX is 0.053% cheaper against SoDEX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.164%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MU-USD	1,050.4	0.0050	pay 0.0006% / 1h	0m 25s	$689K	$16K	10x
Short	SunX MU-USDT	1,051.6	0	get 0.0000% / 8h	7h 00m	$11K	$6.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against SoDEX. 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 SoDEXbpFee SunXbpOrdersPrice spread, now +0.111%Rate

Funding earned: −$10.5
Price spread: +0.111% → +0.164%: −$5.31
Slippage, 4 orders: −$65.75
Fee SoDEX: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$97.56
Costs to cover: 0.818%
Break-even: never at this rate

Slippage from SoDEX: live order book, 8 min ago; SunX: live order book, 8 min ago.

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 SoDEX live order book, 8 min ago	0.05 bp	11.6 bp −$12	39.4 bp −$394	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	21.57 bp	32.7 bp −$33	doesn't fit	doesn't fit	doesn't fit

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	−0.0387%	4h	1,050.6	+0.020%	$1.3M	$672K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.7	+0.030%	$62.6M	$29.1M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,050	−0.043%	$190K	$3.3M	20x	as long as short
SunX MU-USDTshort	0.0000%	8h	1,051.6	+0.111%	$11K	$6.1M	10x
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,050.1	−0.029%	$65K	$314K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.1	−0.030%	$129K	$424K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,050.7	+0.027%	$3K	$45K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.9	+0.045%	$1.2M	$4.2M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.091%	$19K	$5K	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.6	+0.114%	—	$179K	25x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MU	+0.0048%	1h	1,051.2	+0.071%	$1.1M	$4.8M	20x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,050.6	+0.019%	$171K	$203K	10x	as long as short
SoDEX MU-USDlong	+0.0050%	1h	1,050.4	long leg	$689K	$16K	10x
Ondo Perps MU-USD.P	+0.0050%	1h	1,050.1	−0.026%	$1.9M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,050.7	+0.031%	$7.6M	$20.9M	10x	as long as short
Nado MU-PERP	+0.0081%	1h	1,050.7	+0.026%	$275K	$858K	10x	as long as short
Paradex MU-USD-PERP	+0.0081%	8h	1,050.9	+0.045%	$2K	—	5x	as long as short
Pacifica MU	+0.0100%	1h	1,050.8	+0.036%	$149K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.7	+0.026%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.5	+0.011%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.6	+0.017%	$835	$799	20x	as long as short
OKX MU-USDT-SWAP	+0.0102%	8h	1,050.5	+0.010%	$30.9M	$101.5M	50x	as long as short
Aevo MU-PERP	+0.0152%	1h	1,050.4	+0.004%	$32K	$1K	10x	as long as short
Bullet MU-USD	+0.0158%	1h	1,050.7	+0.030%	$26K	$396K	10x	as long as short
Bybit MUUSDT	+0.0171%	8h	1,050.9	+0.050%	$19.4M	$32.6M	100x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,050.5	+0.008%	$762K	$1.2M	10x	as long as short
tradeXYZ xyz:MU	+0.0187%	1h	1,050.6	+0.019%	$178.4M	$100.2M	10x	as long as short
Arcus MU-USD	+0.0240%	1h	1,050.7	+0.024%	$71K	$242K	10x	as long as short
Extended MU_24_5-USD	+0.0248%	1h	1,050.1	−0.027%	$559K	$1.2M	10x	as long as short
Variational Omni MU	+0.0260%	8h	1,050.4	−0.004%	$2.7M	$2.4M	—	as long as short
Aster MUUSD1	+0.0268%	8h	1,051	+0.057%	$21.6M	$48.5M	20x	as long as short
Binance MUUSDT	+0.0272%	8h	1,050.7	+0.032%	$126.1M	$522.0M	50x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,050.9	+0.046%	$316K	$340K	20x	as long as short
Phoenix MU	+0.0383%	1h	1,050.9	+0.048%	$538K	$306K	15x	as long as short
BloFin MU-USDT	+0.0392%	8h	1,050.6	+0.017%	$1.5M	$2.0M	20x	as long as short
Bitget MUUSDT	+0.0408%	8h	1,050.8	+0.038%	$20.6M	$41.6M	50x	as long as short
GRVT MU_USDT_Perp	+0.0582%	8h	1,051.5	+0.105%	$83K	$1.3M	10x	as long as short