Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.042%

Price spread now: Extended against SunX−0.238%7-day average −0.184% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$660.658% of the position

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.185%+$19 on $10k

Price spread, last 4 days (all we have)+0.291%+$29 · spread now −0.238%, 7d avg −0.184%

Together, before fees+0.476%+ Points / potential airdropExtended: Active · farm board+$48 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.054% cheaper against SunX than usual: you would sell low and buy high (spread −0.238% now, against its 7-day average of −0.184%). If the spread goes back, that is −$5 on $10k: about 5.6 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.185% in total) that is about 2.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MU-USDT	1,030.6	0	get 0.0000% / 8h	7h 36m	$11K	$5.4M	10x
Short	Extended MU_24_5-USD	1,028.1	0.0032	get 0.0004% / 1h	36m 49s	$543K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.238%Rate

Funding earned: $6.72
Price spread: −0.238% → −0.184%: −$5.41
Slippage, 4 orders: −$52.8
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$64.49
Costs to cover: 0.658%
Break-even: 74.2 days

Slippage from SunX: live order book, 12 min ago; Extended: live order book, 1 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, 12 min ago	21.57 bp	25.6 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	0.05 bp	4.0 bp −$4	11.3 bp −$113	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	−0.0646%	4h	1,029.1	−0.143%	$1.3M	$673K	10x	as long as short
Bitget MUUSDT	−0.0064%	8h	1,028.4	−0.216%	$19.8M	$40.3M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,028.9	−0.166%	$21.0M	$68.9M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,028.2	−0.236%	$121.1M	$543.6M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,028.2	−0.234%	$18.6M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,027.9	−0.261%	$29.4M	$101.1M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,029.7	−0.084%	$310K	$376K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,028.7	−0.185%	$61.6M	$27.9M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,029.4	−0.120%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,029	−0.159%	$72K	$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	1,029	−0.157%	$186K	$3.6M	20x	as long as short
SunX MU-USDTlong	0.0000%	8h	1,030.6	long leg	$11K	$5.4M	10x
HTX MU-USDT	0.0000%	8h	1,029	−0.160%	$119K	$488K	50x	as long as short
Aftermath Perps MUUSD	+0.0025%	1h	1,029.5	−0.105%	$3K	$43K	10x	as long as short
QFEX MU-USD	+0.0027%	1h	1,029.5	−0.107%	$6.9M	$18.8M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,028	−0.252%	$1.1M	$4.4M	10x	as long as short
Extended MU_24_5-USDshort	+0.0032%	1h	1,028.1	−0.238%	$543K	$1.1M	10x
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+2.014%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,029	−0.152%	$89K	$244K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,028.9	−0.161%	—	$176K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,028.7	−0.184%	$166K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,029.2	−0.138%	$675K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,028.7	−0.181%	$1.8M	$2.9M	10x	as long as short
Lighter MU	+0.0056%	1h	1,028.1	−0.243%	$982K	$4.9M	20x	as long as short
Paradex MU-USD-PERP	+0.0057%	8h	1,028	−0.250%	$2K	—	5x	as long as short
tradeXYZ xyz:MU	+0.0072%	1h	1,027.9	−0.262%	$173.8M	$79.4M	10x	as long as short
Nado MU-PERP	+0.0073%	1h	1,029	−0.152%	$262K	$810K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,028.9	−0.162%	$32K	$1K	10x	as long as short
Bullet MU-USD	+0.0086%	1h	1,029.7	−0.089%	$25K	$388K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,029.2	−0.136%	$719K	$1.1M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,027.9	−0.258%	$146K	$194K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,028.2	−0.233%	$5.1M	$4.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,028.5	−0.200%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,029.2	−0.138%	$818	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,029.7	−0.088%	$1.5M	$2.2M	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0217%	1h	1,029.3	−0.128%	$72K	$628K	10x	as long as short
Phoenix MU	+0.0231%	1h	1,029.9	−0.068%	$527K	$270K	15x	as long as short