Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.030%

Price spread now: Binance against SunX−0.082%56s7-day average −0.158% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as 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−$690.691% of the position

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.160%+$16 on $10k

Price spread, last 4 days (all we have)+0.041%+$4 · spread now −0.082%, 7d avg −0.158%

Together, before fees+0.201%+$20 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.077% dearer against SunX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.158%. The two prices were read 56 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	SunX MU-USDT	1,037.5	0	get 0.0000% / 8h	1h 43m	$11K	$5.6M	10x
Short	Binance MUUSDT	1,036.6	0	get 0.0000% / 8h	1h 43m	$121.4M	$537.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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 SunXbpFee BinancebpOrdersPrice spread, now −0.082%Rate

Funding earned: $0
Price spread: −0.082% → −0.158%: $7.65
Slippage, 4 orders: −$51.13
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$61.48
Costs to cover: 0.691%
Break-even: never at this rate

Slippage from SunX: live order book, 5 min ago; Binance: live order book, 15 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 SunX live order book, 5 min ago	21.59 bp	25.6 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.05 bp	5.8 bp −$6	7.0 bp −$70	18.1 bp −$1,805	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	−0.0796%	4h	1,036.5	−0.091%	$1.3M	$674K	10x	as long as short
Bitget MUUSDT	−0.0146%	8h	1,036.7	−0.072%	$20.2M	$41.4M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,037	−0.051%	$21.1M	$57.8M	20x	as long as short
Binance MUUSDTshort	0.0000%	8h	1,036.6	−0.082%	$121.4M	$537.2M	50x
Bybit MUUSDT	0.0000%	8h	1,036.7	−0.074%	$18.5M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,036.5	−0.094%	$29.9M	$100.8M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,036.7	−0.072%	$315K	$386K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,036.4	−0.105%	$61.6M	$28.4M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,036.4	−0.101%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,036.6	−0.086%	$75K	$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	1,036.7	−0.073%	$187K	$3.5M	20x	as long as short
SunX MU-USDTlong	0.0000%	8h	1,037.5	long leg	$11K	$5.6M	10x
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,035.9	−0.150%	$74K	$551K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,036.2	−0.129%	$127K	$441K	50x	as long as short
Bullet MU-USD	+0.0014%	1h	1,036.7	−0.073%	$26K	$389K	10x	as long as short
Aftermath Perps MUUSD	+0.0018%	1h	1,036.6	−0.083%	$3K	$44K	10x	as long as short
Nado MU-PERP	+0.0023%	1h	1,036.3	−0.112%	$277K	$816K	10x	as long as short
Lighter MU	+0.0032%	1h	1,036.5	−0.097%	$1.1M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,036.5	−0.095%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,036.2	−0.128%	$541K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,036.5	−0.100%	$7.0M	$18.5M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.337%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,036.5	−0.100%	$70K	$230K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,036.5	−0.093%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,036.4	−0.105%	$176.2M	$89.2M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,036.3	−0.115%	$168K	$196K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,036	−0.143%	$680K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,035.6	−0.186%	$1.8M	$2.6M	10x	as long as short
Paradex MU-USD-PERP	+0.0053%	8h	1,036.4	−0.101%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,035.8	−0.159%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,036.3	−0.119%	$147K	$190K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,036.3	−0.113%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,036.8	−0.067%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,036.4	−0.107%	$824	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0104%	1h	1,037.6	+0.009%	$732K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,036.7	−0.073%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,036.8	−0.067%	$530K	$270K	15x	as long as short