Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0555%/8h= +60.8% APRpaid last 24h +0.040%

Price spread now: Coinbase International against edgeX−0.117%77s7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$270.272% of the position

Long on edgeX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.486%−$49 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now −0.117%, 7d avg −0.025%

Together, before fees−0.429%+ Points / potential airdropedgeX: Active · farm board−$43 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.092% cheaper against edgeX than usual: you would sell low and buy high (spread −0.117% now, against its 7-day average of −0.025%). If the spread goes back, that is −$9 on $10k: about 13 hours of funding at the current rate (+$17 a day). Mind the row above: over the last 7 days funding on this pair cost −0.486%, so the current rate has only just turned in your favour. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MUUSDC	1,038.8	−0.0451	get 0.0226% / 4h	1h 51m	$1.3M	$672K	10x
Short	Coinbase International MU-PERP-INTX	1,037.6	0.0104	get 0.0013% / 1h	51m 58s	$732K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.117%Rate

Funding earned: $116.62
Price spread: −0.117% → −0.025%: −$9.2
Slippage, 4 orders: −$8.16
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $80.26
Costs to cover: 0.272%
Break-even: 2.2 days

Slippage from edgeX: live order book, 2 min ago; Coinbase International: live order book, 1 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, 2 min ago	0.29 bp	4.9 bp −$5	6.6 bp −$66	29.5 bp −$2,953	doesn't fit
Sell Coinbase International live order book, 1 min ago	2.51 bp	7.5 bp −$8	10.5 bp −$105	61.3 bp −$6,131	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	−0.0451%	4h	1,038.8	long leg	$1.3M	$672K	10x
Bitget MUUSDT	−0.0082%	8h	1,037.4	−0.135%	$20.2M	$41.4M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,037.6	−0.112%	$21.1M	$57.4M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,037.4	−0.132%	$121.6M	$536.9M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,037.2	−0.157%	$18.6M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,037.2	−0.152%	$29.9M	$101.4M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,037.6	−0.116%	$315K	$384K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,037.1	−0.162%	$61.4M	$28.3M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,038.8	−0.004%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,038.9	+0.006%	$84K	$1.4M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX MU-USD	0.0000%	1h	1,037.4	−0.130%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,038.2	−0.058%	$11K	$5.6M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,036.8	−0.189%	$128K	$441K	50x	as long as short
Bullet MU-USD	+0.0007%	1h	1,037.4	−0.133%	$26K	$390K	10x	as long as short
Nado MU-PERP	+0.0018%	1h	1,037.2	−0.155%	$276K	$816K	10x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,038.5	−0.027%	$3K	$44K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0020%	1h	1,037	−0.173%	$74K	$543K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,037	−0.177%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,036.7	−0.200%	$544K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,037.5	−0.121%	$7.0M	$18.4M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.210%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,038.5	−0.031%	$70K	$230K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,037.5	−0.126%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,036.6	−0.211%	$176.2M	$89.2M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,037.1	−0.163%	$168K	$196K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,037	−0.170%	$681K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.5	−0.129%	$1.8M	$2.6M	10x	as long as short
Paradex MU-USD-PERP	+0.0053%	8h	1,037.7	−0.108%	$2K	—	5x	as long as short
Lighter MU	+0.0056%	1h	1,037	−0.169%	$1.1M	$4.9M	20x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,036.7	−0.204%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,037.6	−0.118%	$147K	$190K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,036.9	−0.187%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,039.2	+0.038%	$70K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,036.9	−0.178%	$824	$799	20x	as long as short
Coinbase International MU-PERP-INTXshort	+0.0104%	1h	1,037.6	−0.117%	$732K	$1.3M	10x
BloFin MU-USDT	+0.0120%	8h	1,038.1	−0.064%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,039.4	+0.058%	$532K	$270K	15x	as long as short