Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0248%/8h= −27.2% APRpaid last 24h +0.015%

Price spread now: edgeX against StandX+0.005%63s7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs+$59as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$280.277% of the position

Long on StandX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.872%+$87 on $10k

Price spread, last 7 days−0.045%−$4 · spread now +0.005%, 7d avg −0.034%

Together, before fees+0.827%+ Points / potential airdropStandX: Active · edgeX: Active · farm board+$83 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.039% dearer against StandX than usual: you sell high and buy low (spread +0.005% now, against its 7-day average of −0.034%): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 13 hours. Mind the row above: over the last 7 days funding on this pair paid +0.872%, so the current rate has only just turned against you. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX MU-USD	1,037.9	0	get 0.0000% / 1h	31m 43s	$188K	$3.5M	20x
Short	edgeX MUUSDC	1,037.9	−0.0248	pay 0.0124% / 4h	31m 43s	$1.3M	$673K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against StandX. 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 StandXbpFee edgeXbpOrdersPrice spread, now +0.005%Rate

Funding earned: −$52.09
Price spread: +0.005% → −0.034%: $3.91
Slippage, 4 orders: −$10.71
Fee StandX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$75.89
Costs to cover: 0.277%
Break-even: never at this rate

Slippage from StandX: live order book, 2 min ago; edgeX: live order book, 2 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 StandX live order book, 2 min ago	2.51 bp	8.6 bp −$9	15.1 bp −$151	doesn't fit	doesn't fit
Sell edgeX live order book, 2 min ago	0.29 bp	4.9 bp −$5	6.7 bp −$67	28.9 bp −$2,894	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 MUUSDCshort	−0.0248%	4h	1,037.9	+0.005%	$1.3M	$673K	10x
Bitget MUUSDT	−0.0176%	8h	1,037.9	0.000%	$20.2M	$40.0M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,038	+0.010%	$21.2M	$65.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,037.7	−0.021%	$122.0M	$538.5M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,037.6	−0.026%	$18.8M	$32.3M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,037.4	−0.043%	$29.8M	$100.1M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,037.8	−0.013%	$313K	$385K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,037.6	−0.031%	$61.4M	$28.3M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,037.7	−0.019%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,038.4	+0.045%	$71K	$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-USDlong	0.0000%	1h	1,037.9	long leg	$188K	$3.5M	20x
SunX MU-USDT	0.0000%	8h	1,039	+0.104%	$11K	$5.6M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,037.2	−0.069%	$74K	$609K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,037.1	−0.072%	$126K	$481K	50x	as long as short
Bullet MU-USD	+0.0014%	1h	1,037.6	−0.028%	$25K	$390K	10x	as long as short
Aftermath Perps MUUSD	+0.0018%	1h	1,037.4	−0.043%	$3K	$44K	10x	as long as short
Nado MU-PERP	+0.0020%	1h	1,037.3	−0.054%	$280K	$806K	10x	as long as short
QFEX MU-USD	+0.0021%	1h	1,037.3	−0.060%	$7.0M	$18.8M	10x	as long as short
Lighter MU	+0.0032%	1h	1,037.7	−0.015%	$1.0M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,037.6	−0.026%	$1.1M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,037.2	−0.064%	$545K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.298%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,037.3	−0.061%	$90K	$245K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,037.5	−0.040%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,037.7	−0.018%	$176.4M	$82.7M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,037.3	−0.057%	$168K	$195K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,037.2	−0.069%	$681K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.1	−0.078%	$1.8M	$2.7M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,037.7	−0.023%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,036.9	−0.093%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,037.6	−0.031%	$725K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,037.4	−0.045%	$147K	$188K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,037.4	−0.043%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,038.6	+0.066%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,037.2	−0.064%	$825	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,037.7	−0.022%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0232%	1h	1,038.2	+0.030%	$531K	$270K	15x	as long as short