Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.073%

Price spread now: RISEx against SunX−0.157%7-day average −0.135% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$670.665% of the position

Long on SunX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.055%+$5 on $10k

Price spread, last 4 days (all we have)+0.264%+$26 · spread now −0.157%, 7d avg −0.135%

Together, before fees+0.318%+$32 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: RISEx is 0.022% cheaper against SunX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.135%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MU-USDT	1,052	0	get 0.0000% / 8h	5h 24m	$11K	$5.9M	10x
Short	RISEx MU/USDC	1,050.3	0	get 0.0000% / 1h	24m 43s	$333K	$348K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.157%Rate

Funding earned: $0
Price spread: −0.157% → −0.135%: −$2.19
Slippage, 4 orders: −$52.54
Fee SunX: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$68.73
Costs to cover: 0.665%
Break-even: never at this rate

Slippage from SunX: live order book, 4 min ago; RISEx: live order book, 39 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, 4 min ago	21.60 bp	25.6 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell RISEx live order book, 39 min ago	1.05 bp	4.0 bp −$4	4.4 bp −$44	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	−0.0861%	4h	1,049.9	−0.197%	$1.3M	$671K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,050.6	−0.129%	$19.1M	$32.3M	100x	as long as short
RISEx MU/USDCshort	0.0000%	1h	1,050.3	−0.157%	$333K	$348K	20x
Gate MU_USDT	0.0000%	8h	1,050.2	−0.167%	$62.1M	$27.5M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,050.2	−0.169%	$85K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,050.1	−0.183%	$190K	$3.5M	20x	as long as short
SunX MU-USDTlong	0.0000%	8h	1,052	long leg	$11K	$5.9M	10x
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,050	−0.194%	$67K	$377K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.1	−0.181%	$129K	$429K	50x	as long as short
Aftermath Perps MUUSD	+0.0020%	1h	1,050	−0.186%	$3K	$45K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MU-USDT-SWAP	+0.0021%	8h	1,050.6	−0.132%	$31.0M	$99.8M	50x	as long as short
QFEX MU-USD	+0.0030%	1h	1,050.1	−0.179%	$7.2M	$18.1M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.2	−0.166%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.060%	$19K	$5K	12x	as long as short
Extended MU_24_5-USD	+0.0040%	1h	1,049.6	−0.224%	$564K	$1.1M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050	−0.185%	$71K	$235K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.2	−0.080%	—	$175K	25x	as long as short
Lighter MU	+0.0048%	1h	1,050.5	−0.142%	$1.1M	$5.0M	20x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049.9	−0.199%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.1	−0.177%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.8	−0.205%	$1.9M	$2.3M	10x	as long as short
Nado MU-PERP	+0.0052%	1h	1,050	−0.185%	$282K	$848K	10x	as long as short
Paradex MU-USD-PERP	+0.0056%	8h	1,050.3	−0.159%	$2K	—	5x	as long as short
tradeXYZ xyz:MU	+0.0057%	1h	1,050.2	−0.170%	$178.1M	$98.9M	10x	as long as short
Aster MUUSD1	+0.0060%	8h	1,050.4	−0.154%	$21.4M	$52.9M	20x	as long as short
Bullet MU-USD	+0.0067%	1h	1,050.3	−0.161%	$25K	$398K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	−0.195%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050.4	−0.146%	$149K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.1	−0.180%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,049.7	−0.214%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.2	−0.169%	$835	$799	20x	as long as short
Variational Omni MU	+0.0101%	8h	1,050.2	−0.173%	$2.7M	$2.4M	—	as long as short
Aevo MU-PERP	+0.0112%	1h	1,049.8	−0.208%	$32K	$1K	10x	as long as short
Bitget MUUSDT	+0.0119%	8h	1,050.4	−0.153%	$20.6M	$41.1M	50x	as long as short
Binance MUUSDT	+0.0127%	8h	1,050.4	−0.148%	$126.5M	$518.8M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.4	−0.151%	$537K	$271K	15x	as long as short
BloFin MU-USDT	+0.0248%	8h	1,050.3	−0.160%	$1.5M	$2.0M	20x	as long as short