Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0456%/8h= +49.9% APRpaid last 24h +0.094%

Price spread now: Binance against edgeX+0.130%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$210.209% of the position

Long on edgeX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.597%−$60 on $10k

Price spread, last 7 days−0.103%−$10 · spread now +0.130%, 7d avg +0.035%

Together, before fees−0.700%+ Points / potential airdropedgeX: Active · farm board−$70 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Binance is 0.095% dearer against edgeX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.035%. Mind the row above: over the last 7 days funding on this pair cost −0.597%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MUUSDC	1,029.7	−0.0456	get 0.0228% / 4h	3h 17m	$1.3M	$696K	10x
Short	Binance MUUSDT	1,031	0	get 0.0000% / 8h	7h 17m	$121.9M	$549.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against edgeX. 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 edgeXbpFee BinancebpOrdersPrice spread, now +0.130%Rate

Funding earned: $95.71
Price spread: +0.130% → +0.035%: $9.5
Slippage, 4 orders: −$1.9
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: $84.3
Costs to cover: 0.209%
Break-even: 0.8 days

Slippage from edgeX: live order book, 1 min ago; Binance: live order book, 11 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 edgeX live order book, 1 min ago	0.58 bp	5.3 bp −$5	7.0 bp −$70	30.2 bp −$3,024	doesn't fit
Sell Binance live order book, 11 min ago	0.05 bp	5.4 bp −$5	6.6 bp −$66	8.4 bp −$842	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 MUUSDClong	−0.0456%	4h	1,029.7	long leg	$1.3M	$696K	10x
Aster MUUSD1	0.0000%	8h	1,031.4	+0.160%	$21.1M	$69.2M	20x	as long as short
Binance MUUSDTshort	0.0000%	8h	1,031	+0.130%	$121.9M	$549.1M	50x
OKX MU-USDT-SWAP	0.0000%	8h	1,030.9	+0.116%	$29.2M	$103.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,030.9	+0.115%	$293K	$386K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,030.6	+0.089%	$61.8M	$28.4M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,030.9	+0.118%	$19.8M	$41.0M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,029.6	−0.007%	$2.5M	$2.6M	—	as long as short
StandX MU-USD	0.0000%	1h	1,029.1	−0.058%	$187K	$3.6M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,030.8	+0.111%	$11K	$5.3M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,030.4	+0.068%	$118K	$495K	50x	as long as short
QFEX MU-USD	+0.0027%	1h	1,030.8	+0.109%	$7.0M	$19.0M	10x	as long as short
Bybit MUUSDT	+0.0027%	8h	1,031.1	+0.133%	$18.7M	$32.4M	100x	as long as short
Aftermath Perps MUUSD	+0.0029%	1h	1,028.2	−0.147%	$3K	$43K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,030.5	+0.077%	$1.1M	$4.5M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,030	+0.029%	$539K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+2.104%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,030.6	+0.091%	$89K	$234K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,030.9	+0.121%	—	$179K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,031	+0.126%	$167K	$177K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,029.8	+0.011%	$1.9M	$3.1M	10x	as long as short
SoDEX MU-USD	+0.0066%	1h	1,030.2	+0.044%	$676K	$15K	10x	as long as short
Paradex MU-USD-PERP	+0.0076%	8h	1,030.8	+0.110%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,029.6	−0.009%	$32K	$1K	10x	as long as short
Lighter MU	+0.0088%	1h	1,030.7	+0.101%	$991K	$5.0M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,029.4	−0.028%	$719K	$1.1M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,030.7	+0.095%	$146K	$194K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,030.2	+0.047%	$5.1M	$4.8M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,029	−0.068%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,031	+0.123%	$820	$799	20x	as long as short
Nado MU-PERP	+0.0101%	1h	1,030.7	+0.100%	$263K	$815K	10x	as long as short
tradeXYZ xyz:MU	+0.0103%	1h	1,030.4	+0.068%	$174.1M	$79.0M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,029.3	−0.038%	$1.5M	$2.3M	20x	as long as short
Bullet MU-USD	+0.0148%	1h	1,031	+0.126%	$25K	$388K	10x	as long as short
Phoenix MU	+0.0231%	1h	1,028.4	−0.126%	$526K	$270K	15x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0265%	1h	1,030.1	+0.037%	$72K	$631K	10x	as long as short
GRVT MU_USDT_Perp	+0.0292%	8h	1,029.3	−0.037%	$81K	$1.4M	10x	as long as short