Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0884%/8h= +96.8% APRpaid last 24h −0.046%

Price spread now: HTX against edgeX+0.025%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on edgeX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.832%−$83 on $10k

Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.025%, 7d avg +0.008%

Together, before fees−0.877%+ Points / potential airdropedgeX: Active · farm board−$88 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: +$27 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.832%, 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	1,052	−0.0884	get 0.0442% / 4h	9m 31s	$1.3M	$671K	10x
Short	HTX MU-USDT	1,052.2	0	get 0.0000% / 8h	4h 09m	$131K	$434K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.025%Rate

Funding earned: $185.64
Price spread: +0.025% → +0.008%: $1.65
Slippage, 4 orders: −$8.6
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: $157.68
Costs to cover: 0.296%
Break-even: 1.1 days

Slippage from edgeX: live order book, 4 min ago; HTX: live order book, 49 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, 4 min ago	0.33 bp	4.9 bp −$5	6.7 bp −$67	29.8 bp −$2,978	doesn't fit
Sell HTX live order book, 49 min ago	3.18 bp	10.5 bp −$10	10.5 bp −$105	15.3 bp −$1,532	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	−0.0884%	4h	1,052	long leg	$1.3M	$671K	10x
Aster MUUSD1	0.0000%	8h	1,052.5	+0.057%	$21.5M	$55.0M	20x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,052.6	+0.060%	$31.2M	$99.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,052.7	+0.067%	$340K	$354K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,052.4	+0.038%	$62.3M	$27.5M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,051.9	−0.002%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,052.4	+0.042%	$81K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,051.9	−0.005%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.7	+0.073%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,052	+0.009%	$72K	$444K	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-USDTshort	0.0000%	8h	1,052.2	+0.025%	$131K	$434K	50x
Bybit MUUSDT	+0.0018%	8h	1,052.7	+0.074%	$19.1M	$32.3M	100x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,051.9	−0.006%	$3K	$44K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,052.4	+0.042%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,051.7	−0.019%	$566K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.056%	$19K	$5K	12x	as long as short
Binance MUUSDT	+0.0034%	8h	1,052.5	+0.051%	$126.6M	$516.3M	50x	as long as short
QFEX MU-USD	+0.0034%	1h	1,052.2	+0.024%	$7.1M	$17.8M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,051.8	−0.010%	$71K	$234K	10x	as long as short
Nado MU-PERP	+0.0044%	1h	1,052.1	+0.011%	$282K	$836K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,053.6	+0.153%	—	$176K	25x	as long as short
Bullet MU-USD	+0.0048%	1h	1,052.5	+0.048%	$26K	$395K	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,052.2	+0.024%	$171K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,052.3	+0.031%	$691K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,051.4	−0.048%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,052.5	+0.052%	$2K	—	5x	as long as short
Lighter MU	+0.0056%	1h	1,052.4	+0.047%	$1.1M	$5.1M	20x	as long as short
Bitget MUUSDT	+0.0061%	8h	1,052.4	+0.038%	$20.5M	$41.1M	50x	as long as short
tradeXYZ xyz:MU	+0.0070%	1h	1,052.2	+0.024%	$178.8M	$97.8M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,052.9	+0.089%	$759K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0088%	1h	1,051.9	−0.008%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,052.4	+0.045%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,052.2	+0.023%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,052	+0.009%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052.3	+0.030%	$837	$799	20x	as long as short
BloFin MU-USDT	+0.0151%	8h	1,052.4	+0.044%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0304%	1h	1,052.4	+0.043%	$538K	$271K	15x	as long as short