Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.016%

Price spread now: Orderly against Vest+0.032%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Vest Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.032% dearer against Vest than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest MU-USD-PERP	1,040.4	0.0046	pay 0.0006% / 1h	9m 45s	—	$175K	25x
Short	Orderly PERP_MU_USDC_mythos	1,040.8	0.0100	get 0.0100% / 8h	2h 09m	$827	$799	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Vest. 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 VestbpFee OrderlybpOrdersPrice spread, now +0.032%Rate

Funding earned: $11.41
Price spread: +0.032% → 0.000%: $3.17
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Orderly: 3 bp × 2 orders: −$6
Net: $6.58
Costs to cover: 0.080%
Break-even: 3.0 days

Slippage unknown: Vest: no order-book sample; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Vest no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Vest and 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX MUUSDC	−0.0148%	4h	1,038.9	−0.146%	$1.3M	$671K	10x	as long as short
Bitget MUUSDT	−0.0145%	8h	1,041.6	+0.112%	$20.3M	$41.2M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,041.6	+0.116%	$21.2M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,041.5	+0.101%	$122.2M	$535.6M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,041.6	+0.108%	$18.7M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,041.5	+0.101%	$30.0M	$101.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,040.6	+0.020%	$316K	$382K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,041.3	+0.086%	$61.7M	$28.6M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,040.3	−0.012%	$2.5M	$2.5M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,037.3	−0.297%	$84K	$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	1,041	+0.052%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,042.1	+0.161%	$11K	$5.7M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,040.4	−0.003%	$127K	$438K	50x	as long as short
Aftermath Perps MUUSD	+0.0015%	1h	1,038.1	−0.220%	$3K	$44K	10x	as long as short
Nado MU-PERP	+0.0022%	1h	1,040	−0.042%	$277K	$817K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,040.2	−0.018%	$7.0M	$18.2M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,041.4	+0.096%	$1.2M	$4.6M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,041.1	+0.064%	$541K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.051%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0037%	1h	1,040.6	+0.016%	$26K	$389K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,038.9	−0.149%	$70K	$231K	10x	as long as short
Vest MU-USD-PERPlong	+0.0046%	1h	1,040.4	long leg	—	$175K	25x
tradeXYZ xyz:MU	+0.0050%	1h	1,041.4	+0.093%	$177.1M	$90.7M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,040.2	−0.022%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,040.6	+0.017%	$683K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,039.7	−0.075%	$1.9M	$2.5M	10x	as long as short
Paradex MU-USD-PERP	+0.0054%	8h	1,041.6	+0.112%	$2K	—	5x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0058%	1h	1,040.5	+0.002%	$74K	$529K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,040.4	−0.003%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,041.1	+0.061%	$148K	$189K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,041.3	+0.083%	$5.2M	$3.8M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,039.5	−0.087%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythosshort	+0.0100%	8h	1,040.8	+0.032%	$827	$799	20x
Lighter MU	+0.0104%	1h	1,041.7	+0.123%	$1.0M	$5.0M	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,040.8	+0.034%	$1.5M	$2.1M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,036	−0.429%	$731K	$1.3M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,039	−0.137%	$531K	$270K	15x	as long as short