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

MU

RWAall MU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: Orderly against SunX−0.154%7-day average · 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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. Orderly is 0.154% cheaper against SunX than usual: you would sell low and buy high (spread −0.154% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 5.1 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX MU-USDT1,040.10get 0.0000% / 8h9m 57s$11K$5.5M10x
ShortOrderly PERP_MU_USDC_mythos1,038.50.0100get 0.0100% / 8h9m 57s$826$79920x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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

Funding earned
$21
Price spread: −0.154% → 0.000%
−$15.38
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$8.38
Costs to cover
0.140%
Break-even
9.8 days
Slippage unknown: SunX: live order book, 9 min ago; Orderly: 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 SunX live order book, 9 min ago21.56 bp25.6 bp −$26doesn't fitdoesn't fitdoesn't fit
Sell Orderly no order-book sample
Orderly: 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 venues

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−0.0799%4h1,038.2−0.186%$1.3M$674K10xas long as short
Bitget MUUSDT−0.0153%8h1,038.8−0.133%$20.2M$39.9M50xas long as short
Aster MUUSD10.0000%8h1,038.8−0.132%$21.2M$67.0M20xas long as short
Binance MUUSDT0.0000%8h1,038.6−0.147%$122.4M$537.2M50xas long as short
Bybit MUUSDT0.0000%8h1,038.6−0.148%$18.8M$32.3M100xas long as short
OKX MU-USDT-SWAP0.0000%8h1,038.4−0.170%$29.8M$100.1M50xas long as short
RISEx MU/USDC0.0000%1h1,038.3−0.177%$313K$384K20xas long as short
Gate MU_USDT0.0000%8h1,038.3−0.173%$61.6M$28.4M75xas long as short
Variational Omni MU0.0000%8h1,037.8−0.228%$2.5M$2.6Mas long as short
GRVT MU_USDT_Perp0.0000%8h1,038.7−0.140%$71K$1.4M10xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
StandX MU-USD0.0000%1h1,038−0.206%$188K$3.5M20xas long as short
SunX MU-USDTlong0.0000%8h1,040.1long leg$11K$5.5M10x
Deribit MU_USDC-PERPETUAL0.0000%1h1,038.3−0.175%$74K$617K10xas long as short
HTX MU-USDT0.0000%8h1,038.4−0.163%$126K$481K50xas long as short
Bullet MU-USD+0.0006%1h1,038.6−0.148%$25K$388K10xas long as short
Nado MU-PERP+0.0014%1h1,037.9−0.214%$280K$804K10xas long as short
Aftermath Perps MUUSD+0.0019%1h1,038.2−0.186%$3K$44K10xas long as short
QFEX MU-USD+0.0021%1h1,038−0.210%$7.0M$18.7M10xas long as short
Lighter MU+0.0032%1h1,038.6−0.146%$1.0M$4.9M20xas long as short
Lighter RH MU+0.0032%1h1,038.5−0.157%$1.1M$4.5M10xas long as short
Extended MU_24_5-USD+0.0032%1h1,037.9−0.212%$545K$1.1M10xas long as short
Injective MU/USDC PERP+0.0033%1h1,051.4+1.080%$19K$5K12xas long as short
Arcus MU-USD+0.0040%1h1,037.6−0.241%$90K$244K10xas long as short
Vest MU-USD-PERP+0.0046%1h1,038.3−0.172%$175K25xas long as short
tradeXYZ xyz:MU+0.0050%1h1,038.3−0.176%$176.4M$81.5M10xas long as short
Polymarket Perps MU-USD+0.0050%1h1,038−0.205%$168K$177K10xas long as short
SoDEX MU-USD+0.0050%1h1,038.1−0.191%$681K$15K10xas long as short
Ondo Perps MU-USD.P+0.0050%1h1,038−0.201%$1.8M$2.7M10xas long as short
Paradex MU-USD-PERP+0.0050%8h1,037.8−0.223%$2K5xas long as short
Aevo MU-PERP+0.0080%1h1,038.1−0.198%$32K$1K10xas long as short
Coinbase International MU-PERP-INTX+0.0080%1h1,038.3−0.172%$726K$1.2M10xas long as short
Pacifica MU+0.0100%1h1,037.6−0.242%$144K$192K10xas long as short
KuCoin MUUSDTM+0.0100%8h1,038.2−0.188%$5.2M$4.1M20xas long as short
ApeX Omni MUUSDT+0.0100%1h1,038.7−0.136%$70K$269K50xas long as short
Orderly PERP_MU_USDC_mythosshort+0.0100%8h1,038.5−0.154%$826$79920x
BloFin MU-USDT+0.0120%8h1,038−0.210%$1.5M$2.1M20xas long as short
Phoenix MU+0.0232%1h1,038.9−0.118%$531K$270K15xas long as short