Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0083%/8h= −9.1% APRpaid last 24h −0.027%

Price spread now: Paradex against Coinbase International+0.133%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

The price spread pays, funding is against you. Paradex is 0.133% dearer against Coinbase International than usual: you sell high and buy low (spread +0.133% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MU-PERP-INTX	1,033.5	0.0152	pay 0.0019% / 1h	9m 46s	$732K	$1.2M	10x
Short	Paradex MU-USD-PERP	1,034.9	0.0069	get 0.0069% / 8h	6h 09m	$2K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Coinbase International. 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 Coinbase InternationalbpFee ParadexbpOrdersPrice spread, now +0.133%Rate

Funding earned: −$17.37
Price spread: +0.133% → 0.000%: $13.28
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$18.09
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 2 min ago; Paradex: 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 Coinbase International live order book, 2 min ago	2.85 bp	7.9 bp −$8	12.3 bp −$123	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 exchanges

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	−0.0919%	4h	1,034.4	+0.089%	$1.3M	$696K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,035.8	+0.220%	$21.2M	$72.9M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,035.3	+0.175%	$120.9M	$550.2M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,035.3	+0.175%	$29.4M	$106.4M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,034.9	+0.134%	$61.6M	$28.0M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,035.3	+0.171%	$19.8M	$42.9M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,035.2	+0.168%	$2.6M	$2.6M	—	as long as short
StandX MU-USD	0.0000%	1h	1,034.2	+0.070%	$187K	$3.7M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,037	+0.336%	$11K	$5.1M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,034.5	+0.096%	$40K	$706K	10x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,034.9	+0.133%	$119K	$475K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,035	+0.146%	$1.1M	$4.6M	10x	as long as short
Aftermath Perps MUUSD	+0.0033%	1h	1,034.4	+0.088%	$3K	$42K	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.728%	$19K	$5K	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,035.6	+0.201%	—	$177K	25x	as long as short
Bybit MUUSDT	+0.0048%	8h	1,035.4	+0.186%	$18.8M	$32.4M	100x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,034.6	+0.106%	$167K	$178K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,035	+0.141%	$679K	$13K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,034.3	+0.076%	$1.9M	$3.2M	10x	as long as short
QFEX MU-USD	+0.0059%	1h	1,034.9	+0.131%	$7.0M	$19.1M	10x	as long as short
Paradex MU-USD-PERPshort	+0.0069%	8h	1,034.9	+0.133%	$2K	—	5x
Aevo MU-PERP	+0.0080%	1h	1,034.6	+0.110%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,034.6	+0.106%	$146K	$223K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,034.5	+0.099%	$5.2M	$5.7M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,034.7	+0.113%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,035	+0.145%	$823	$799	20x	as long as short
RISEx MU/USDC	+0.0107%	1h	1,035.2	+0.162%	$296K	$350K	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,035.5	+0.194%	$1.4M	$2.5M	20x	as long as short
Nado MU-PERP	+0.0125%	1h	1,034.5	+0.093%	$270K	$839K	10x	as long as short
Arcus MU-USD	+0.0139%	1h	1,034.6	+0.110%	$90K	$148K	10x	as long as short
Lighter MU	+0.0144%	1h	1,035.3	+0.174%	$1.0M	$5.1M	20x	as long as short
Coinbase International MU-PERP-INTXlong	+0.0152%	1h	1,033.5	long leg	$732K	$1.2M	10x
GRVT MU_USDT_Perp	+0.0167%	8h	1,035.3	+0.175%	$76K	$1.4M	10x	as long as short
tradeXYZ xyz:MU	+0.0181%	1h	1,035.1	+0.155%	$175.6M	$75.0M	10x	as long as short
Bullet MU-USD	+0.0211%	1h	1,035.3	+0.178%	$25K	$386K	10x	as long as short
Extended MU_24_5-USD	+0.0288%	1h	1,034	+0.049%	$549K	$1.1M	10x	as long as short
Phoenix MU	+0.0310%	1h	1,034.4	+0.087%	$529K	$269K	15x	as long as short