Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h −0.006%

Price spread now: Orderly against Arcus+0.015%7-day average — · you sell dearer than you buy

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

Long on Arcus 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—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MU-USD	1,051.3	0.0240	pay 0.0030% / 1h	24m 40s	$71K	$243K	10x
Short	Orderly PERP_MU_USDC_mythos	1,051.4	0.0100	get 0.0100% / 8h	7h 24m	$836	$799	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Arcus. 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 ArcusbpFee OrderlybpOrdersPrice spread, now +0.015%Rate

Funding earned: −$29.33
Price spread: +0.015% → 0.000%: $1.52
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$38.31
Costs to cover: 0.105%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 49 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Arcus live order book, 49 min ago	2.49 bp	5.9 bp −$6	7.9 bp −$79	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX MUUSDC	−0.0576%	4h	1,052.5	+0.122%	$1.3M	$672K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,051.2	−0.002%	$62.8M	$28.9M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,051.5	+0.024%	$190K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.6	+0.127%	$11K	$6.2M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,051.1	−0.019%	$129K	$424K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,050.8	−0.040%	$3K	$45K	10x	as long as short
Lighter MU	+0.0032%	1h	1,050.4	−0.079%	$1.1M	$4.8M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.5	−0.068%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.010%	$19K	$5K	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,052.1	+0.083%	—	$179K	25x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MU-USD	+0.0050%	1h	1,051	−0.024%	$171K	$203K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.7	+0.046%	$1.9M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,051.3	+0.007%	$7.7M	$22.1M	10x	as long as short
Nado MU-PERP	+0.0083%	1h	1,051.1	−0.017%	$274K	$857K	10x	as long as short
Paradex MU-USD-PERP	+0.0093%	8h	1,051.4	+0.016%	$2K	—	5x	as long as short
Pacifica MU	+0.0100%	1h	1,050.6	−0.059%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.7	−0.049%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,052	+0.068%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythosshort	+0.0100%	8h	1,051.4	+0.015%	$836	$799	20x
OKX MU-USDT-SWAP	+0.0104%	8h	1,050.4	−0.082%	$30.9M	$101.8M	50x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,051	−0.023%	$32K	$1K	10x	as long as short
SoDEX MU-USD	+0.0139%	1h	1,051.2	−0.004%	$690K	$16K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,048.4	−0.275%	$759K	$1.2M	10x	as long as short
Bybit MUUSDT	+0.0197%	8h	1,050.7	−0.049%	$19.4M	$32.6M	100x	as long as short
Bullet MU-USD	+0.0224%	1h	1,051.4	+0.016%	$26K	$396K	10x	as long as short
Variational Omni MU	+0.0224%	8h	1,051.7	+0.038%	$2.7M	$2.4M	—	as long as short
Aster MUUSD1	+0.0235%	8h	1,050.7	−0.050%	$21.6M	$48.3M	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0235%	1h	1,051.1	−0.012%	$64K	$304K	10x	as long as short
Binance MUUSDT	+0.0237%	8h	1,050.5	−0.074%	$126.0M	$522.7M	50x	as long as short
Arcus MU-USDlong	+0.0240%	1h	1,051.3	long leg	$71K	$243K	10x
tradeXYZ xyz:MU	+0.0252%	1h	1,050.5	−0.071%	$178.3M	$100.3M	10x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,051.5	+0.025%	$316K	$339K	20x	as long as short
BloFin MU-USDT	+0.0355%	8h	1,051.3	+0.002%	$1.5M	$2.0M	20x	as long as short
Bitget MUUSDT	+0.0372%	8h	1,050.8	−0.045%	$20.6M	$41.6M	50x	as long as short
Phoenix MU	+0.0383%	1h	1,050.2	−0.100%	$537K	$306K	15x	as long as short
Extended MU_24_5-USD	+0.0400%	1h	1,050.8	−0.038%	$570K	$1.2M	10x	as long as short
GRVT MU_USDT_Perp	+0.0551%	8h	1,052.6	+0.126%	$83K	$1.3M	10x	as long as short