Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0383%/8h= +42.0% APRpaid last 24h −0.007%

Price spread now: Injective against edgeX+0.614%7-day average — · you sell dearer than you buy

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

Long on edgeX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.855%−$86 on $10k

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

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

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Injective is 0.614% dearer against edgeX than usual: you sell high and buy low: +$61 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.855%, 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	1,044.9	−0.0350	get 0.0175% / 4h	3h 16m	$1.3M	$672K	10x
Short	Injective MU/USDC PERP	1,051.4	0.0033	get 0.0004% / 1h	16m 52s	$19K	$5K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.614%Rate

Funding earned: $80.46
Price spread: +0.614% → 0.000%: $61.43
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $132.88
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: edgeX: live order book, 2 min ago; Injective: 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 edgeX live order book, 2 min ago	0.29 bp	4.9 bp −$5	6.5 bp −$65	29.0 bp −$2,895	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 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	−0.0350%	4h	1,044.9	long leg	$1.3M	$672K	10x
Aster MUUSD1	0.0000%	8h	1,045.3	+0.030%	$21.2M	$56.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,045.2	+0.028%	$124.1M	$523.0M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,045.3	+0.038%	$18.7M	$31.8M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,045.3	+0.032%	$30.9M	$99.7M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,044.4	−0.055%	$337K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,044.9	−0.008%	$62.0M	$27.9M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,045.3	+0.036%	$20.5M	$41.6M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,045.1	+0.011%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,044.9	−0.002%	$79K	$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	1,043.2	−0.169%	$189K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,046.8	+0.181%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,044.4	−0.057%	$73K	$481K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,044.7	−0.027%	$130K	$435K	50x	as long as short
Aftermath Perps MUUSD	+0.0023%	1h	1,044.2	−0.074%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,044.2	−0.076%	$7.0M	$18.0M	10x	as long as short
Lighter MU	+0.0032%	1h	1,044.7	−0.025%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,044.6	−0.034%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,044.5	−0.041%	$548K	$1.1M	10x	as long as short
Injective MU/USDC PERPshort	+0.0033%	1h	1,051.4	+0.614%	$19K	$5K	12x
Nado MU-PERP	+0.0034%	1h	1,044.1	−0.085%	$282K	$828K	10x	as long as short
Bullet MU-USD	+0.0040%	1h	1,044.6	−0.031%	$26K	$392K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,043.8	−0.108%	$70K	$232K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,044.6	−0.034%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,044.9	−0.004%	$176.8M	$95.3M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,044.2	−0.071%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,044.1	−0.085%	$685K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,044.5	−0.044%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,043.2	−0.164%	$1.9M	$2.2M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,044.4	−0.051%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,044.4	−0.056%	$147K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,044.8	−0.012%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,043.9	−0.104%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,044.4	−0.051%	$830	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,044.8	−0.018%	$749K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,045.3	+0.032%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0305%	1h	1,044.2	−0.071%	$534K	$271K	15x	as long as short