Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0065%/8h= +7.1% APRpaid last 24h −0.020%

Price spread now: Binance against tradeXYZ+0.050%7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$310.314% of the position

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 7 days−0.022%−$2 · spread now +0.050%, 7d avg +0.075%

Together, before fees−0.069%+ Points / potential airdroptradeXYZ: Active · farm board−$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.024% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.050% now, against its 7-day average of +0.075%). If the spread goes back, that is −$2 on $10k: about 30 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:MU	1,050.6	0.0058	pay 0.0007% / 1h	21m 17s	$178.2M	$98.9M	10x
Short	Binance MUUSDT	1,051.1	0.0123	get 0.0123% / 8h	5h 21m	$126.6M	$518.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against tradeXYZ. 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 tradeXYZbpFee BinancebpOrdersPrice spread, now +0.050%Rate

Funding earned: $13.65
Price spread: +0.050% → +0.075%: −$2.41
Slippage, 4 orders: −$3.41
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: −$20.17
Costs to cover: 0.314%
Break-even: 17.3 days

Slippage from tradeXYZ: live order book, 8 min ago; Binance: live order book, 8 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 tradeXYZ live order book, 8 min ago	0.48 bp	10.7 bp −$11	11.7 bp −$117	16.0 bp −$1,595	doesn't fit
Sell Binance live order book, 8 min ago	0.05 bp	5.3 bp −$5	6.4 bp −$64	14.6 bp −$1,460	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	−0.0738%	4h	1,050.1	−0.050%	$1.3M	$671K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,051.3	+0.070%	$19.1M	$32.3M	100x	as long as short
RISEx MU/USDC	0.0000%	1h	1,051.1	+0.045%	$333K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.9	+0.031%	$61.9M	$27.5M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,050.7	+0.005%	$85K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,050.2	−0.043%	$190K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.7	+0.198%	$11K	$5.9M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.5	−0.007%	$129K	$429K	50x	as long as short
OKX MU-USDT-SWAP	+0.0019%	8h	1,051.2	+0.056%	$31.0M	$99.8M	50x	as long as short
Aftermath Perps MUUSD	+0.0020%	1h	1,050.4	−0.022%	$3K	$44K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MU-USD	+0.0030%	1h	1,050.7	+0.010%	$7.2M	$18.0M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.7	+0.010%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.072%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.3	−0.031%	$71K	$235K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.6	+0.097%	—	$175K	25x	as long as short
Nado MU-PERP	+0.0047%	1h	1,050.5	−0.010%	$282K	$847K	10x	as long as short
Lighter MU	+0.0048%	1h	1,050.9	+0.026%	$1.1M	$5.0M	20x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,050.6	0.000%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.9	+0.027%	$690K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.3	−0.127%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0055%	8h	1,050.9	+0.026%	$2K	—	5x	as long as short
Extended MU_24_5-USD	+0.0056%	1h	1,050.2	−0.040%	$564K	$1.1M	10x	as long as short
Aster MUUSD1	+0.0057%	8h	1,050.7	+0.013%	$21.4M	$53.3M	20x	as long as short
tradeXYZ xyz:MUlong	+0.0058%	1h	1,050.6	long leg	$178.2M	$98.9M	10x
Deribit MU_USDC-PERPETUAL	+0.0064%	1h	1,050.7	+0.008%	$68K	$379K	10x	as long as short
Bullet MU-USD	+0.0065%	1h	1,051.1	+0.048%	$25K	$398K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	−0.063%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050.5	−0.008%	$149K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.7	+0.006%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.3	−0.031%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.9	+0.030%	$835	$799	20x	as long as short
Variational Omni MU	+0.0101%	8h	1,050.2	−0.041%	$2.7M	$2.4M	—	as long as short
Bitget MUUSDT	+0.0111%	8h	1,051	+0.035%	$20.6M	$41.1M	50x	as long as short
Aevo MU-PERP	+0.0112%	1h	1,050.6	−0.003%	$32K	$1K	10x	as long as short
Binance MUUSDTshort	+0.0123%	8h	1,051.1	+0.050%	$126.6M	$518.5M	50x
Phoenix MU	+0.0229%	1h	1,050.7	+0.010%	$537K	$271K	15x	as long as short
BloFin MU-USDT	+0.0245%	8h	1,050.7	+0.005%	$1.5M	$2.0M	20x	as long as short