Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0047%/8h= +5.1% APRpaid last 24h −0.023%

Price spread now: Paradex against Deribit−0.021%7-day average — · you buy dearer than you sell

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

Long on Deribit 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

Funding pays, the price is against you. Paradex is 0.021% cheaper against Deribit than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 36 hours of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MU_USDC-PERPETUAL	1,034.4	0.0021	pay 0.0003% / 1h	15m 41s	$43K	$700K	10x
Short	Paradex MU-USD-PERP	1,034.2	0.0067	get 0.0067% / 8h	6h 15m	$2K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Deribit. 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 DeribitbpFee ParadexbpOrdersPrice spread, now −0.021%Rate

Funding earned: $9.78
Price spread: −0.021% → 0.000%: −$2.07
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$3.29
Costs to cover: 0.110%
Break-even: 9.4 days

Slippage unknown: Deribit: live order book, 36 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 Deribit live order book, 36 min ago	4.02 bp	19.4 bp −$19	25.9 bp −$259	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	−0.0255%	4h	1,033	−0.131%	$1.3M	$695K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,034.7	+0.031%	$21.1M	$72.4M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,034.6	+0.025%	$120.8M	$549.9M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,034.6	+0.024%	$29.4M	$106.4M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,034.5	+0.009%	$61.6M	$28.0M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,034.6	+0.018%	$19.8M	$42.8M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,034.5	+0.016%	$2.6M	$2.6M	—	as long as short
StandX MU-USD	0.0000%	1h	1,033.5	−0.088%	$187K	$3.7M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,036.3	+0.189%	$11K	$5.1M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,034.9	+0.054%	$119K	$475K	50x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MU_USDC-PERPETUALlong	+0.0021%	1h	1,034.4	long leg	$43K	$700K	10x
Lighter RH MU	+0.0032%	1h	1,034.5	+0.007%	$1.1M	$4.5M	10x	as long as short
Aftermath Perps MUUSD	+0.0032%	1h	1,033.5	−0.090%	$3K	$42K	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.642%	$19K	$5K	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,035	+0.063%	—	$177K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,034.8	+0.041%	$167K	$178K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,034.5	+0.013%	$679K	$13K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,032.5	−0.186%	$1.9M	$3.2M	10x	as long as short
Bybit MUUSDT	+0.0051%	8h	1,034.5	+0.014%	$18.8M	$32.4M	100x	as long as short
QFEX MU-USD	+0.0059%	1h	1,034.5	+0.014%	$7.0M	$19.0M	10x	as long as short
Paradex MU-USD-PERPshort	+0.0067%	8h	1,034.2	−0.021%	$2K	—	5x
Aevo MU-PERP	+0.0080%	1h	1,034.5	+0.012%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,034	−0.038%	$146K	$223K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,034	−0.036%	$5.2M	$5.6M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,033.6	−0.080%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,034.3	−0.009%	$822	$799	20x	as long as short
RISEx MU/USDC	+0.0107%	1h	1,034.5	+0.007%	$295K	$350K	20x	as long as short
GRVT MU_USDT_Perp	+0.0115%	8h	1,033.5	−0.085%	$76K	$1.4M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,033.7	−0.067%	$1.4M	$2.5M	20x	as long as short
Nado MU-PERP	+0.0122%	1h	1,034.5	+0.008%	$270K	$840K	10x	as long as short
Lighter MU	+0.0136%	1h	1,034.6	+0.020%	$1.0M	$5.0M	20x	as long as short
Arcus MU-USD	+0.0139%	1h	1,034.5	+0.013%	$90K	$148K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0152%	1h	1,033.5	−0.085%	$732K	$1.2M	10x	as long as short
tradeXYZ xyz:MU	+0.0178%	1h	1,034.2	−0.017%	$175.4M	$75.8M	10x	as long as short
Bullet MU-USD	+0.0213%	1h	1,035.1	+0.070%	$25K	$386K	10x	as long as short
Extended MU_24_5-USD	+0.0264%	1h	1,033.7	−0.063%	$549K	$1.1M	10x	as long as short
Phoenix MU	+0.0310%	1h	1,033.4	−0.095%	$529K	$269K	15x	as long as short