Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0011%/8h= +1.3% APRpaid last 24h +0.020%

Price spread now: tradeXYZ against Binance−0.025%7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$310.308% of the position

Long on Binance Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 7 days−0.014%−$1 · spread now −0.025%, 7d avg −0.075%

Together, before fees+0.032%+ Points / potential airdroptradeXYZ: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and tradeXYZ is 0.050% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MUUSDT	1,052.5	0.0066	pay 0.0066% / 8h	4h 33m	$126.8M	$517.2M	50x
Short	tradeXYZ xyz:MU	1,052.2	0.0078	get 0.0010% / 1h	33m 07s	$178.9M	$99.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Binance. 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 BinancebpFee tradeXYZbpOrdersPrice spread, now −0.025%Rate

Funding earned: $2.4
Price spread: −0.025% → −0.075%: $5
Slippage, 4 orders: −$2.84
Fee Binance: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$23.44
Costs to cover: 0.308%
Break-even: 75.3 days

Slippage from Binance: live order book, 11 min ago; tradeXYZ: live order book, 7 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 Binance live order book, 11 min ago	0.05 bp	5.4 bp −$5	6.6 bp −$66	14.0 bp −$1,399	doesn't fit
Sell tradeXYZ live order book, 7 min ago	0.47 bp	9.5 bp −$9	10.3 bp −$103	15.3 bp −$1,528	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	−0.0164%	4h	1,052.3	−0.019%	$1.3M	$672K	10x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,052.5	+0.001%	$31.2M	$99.7M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.5	+0.006%	$334K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,052.3	−0.015%	$62.3M	$27.5M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.5	+0.001%	$82K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,051.7	−0.069%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,054.3	+0.175%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,052	−0.040%	$69K	$424K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,052.3	−0.017%	$131K	$436K	50x	as long as short
Aster MUUSD1	+0.0003%	8h	1,052.2	−0.026%	$21.4M	$55.0M	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MUUSD	+0.0019%	1h	1,052.2	−0.020%	$3K	$45K	10x	as long as short
Bybit MUUSDT	+0.0025%	8h	1,052.8	+0.028%	$19.1M	$32.3M	100x	as long as short
Variational Omni MU	+0.0032%	8h	1,052.2	−0.022%	$2.7M	$2.4M	—	as long as short
Lighter RH MU	+0.0032%	1h	1,052.3	−0.011%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,051.8	−0.065%	$564K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.105%	$19K	$5K	12x	as long as short
QFEX MU-USD	+0.0034%	1h	1,052.3	−0.019%	$7.2M	$17.9M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,052	−0.042%	$71K	$234K	10x	as long as short
Bullet MU-USD	+0.0044%	1h	1,052.6	+0.013%	$25K	$397K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.5	+0.097%	—	$176K	25x	as long as short
Nado MU-PERP	+0.0048%	1h	1,051.9	−0.050%	$282K	$842K	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,052.2	−0.025%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052.3	−0.013%	$691K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.4	−0.098%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,052.5	+0.005%	$2K	—	5x	as long as short
Lighter MU	+0.0056%	1h	1,052.4	−0.004%	$1.1M	$5.1M	20x	as long as short
Binance MUUSDTlong	+0.0066%	8h	1,052.5	long leg	$126.8M	$517.2M	50x
tradeXYZ xyz:MUshort	+0.0078%	1h	1,052.2	−0.025%	$178.9M	$99.0M	10x
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,052.1	−0.031%	$758K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0096%	1h	1,052	−0.042%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,052.2	−0.027%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,052.2	−0.026%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,052.7	+0.027%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.4	−0.007%	$837	$799	20x	as long as short
Bitget MUUSDT	+0.0110%	8h	1,052.4	−0.004%	$20.5M	$41.1M	50x	as long as short
BloFin MU-USDT	+0.0186%	8h	1,052.6	+0.009%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0304%	1h	1,052.3	−0.015%	$538K	$271K	15x	as long as short