Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0470%/8hpaid last 24h −0.083%

Price spread now: QFEX against edgeX−0.027%57s7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$330.331% of the position

Long on edgeX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.381%−$38 on $10k

Price spread, last 7 days+0.010%+$1 · spread now −0.027%, 7d avg −0.010%

Together, before fees−0.371%+ Points / potential airdropedgeX: Active · farm board−$37 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.381%, so the current rate has only just turned in your favour. The two prices were read 57 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	1,046.9	−0.0425	get 0.0213% / 4h	22m 29s	$1.3M	$673K	10x
Short	QFEX MU-USD	1,046.6	0.0045	get 0.0006% / 1h	22m 29s	$7.9M	$23.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.027%Rate

Funding earned: $98.72
Price spread: −0.027% → −0.010%: −$1.72
Slippage, 4 orders: −$14.09
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: $63.9
Costs to cover: 0.331%
Break-even: 2.5 days

Slippage from edgeX: live order book, 1 min ago; QFEX: 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	5.74 bp	10.3 bp −$10	12.2 bp −$122	36.2 bp −$3,623	doesn't fit
Sell QFEX live order book, 11 min ago	1.19 bp	6.2 bp −$6	6.3 bp −$63	8.1 bp −$808	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	−0.0425%	4h	1,046.9	long leg	$1.3M	$673K	10x
Aster MUUSD1	0.0000%	8h	1,046.8	−0.010%	$21.5M	$26.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,046.9	+0.006%	$125.6M	$519.7M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,046.8	−0.005%	$19.0M	$31.1M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,046.8	−0.007%	$30.9M	$101.4M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,046.8	−0.010%	$288K	$331K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,046.4	−0.046%	$63.7M	$28.0M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,046.4	−0.050%	$2.7M	$2.7M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,046.8	−0.011%	$83K	$1.2M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,046.4	−0.042%	$189K	$3.0M	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MU-USDT	0.0000%	8h	1,048.2	+0.128%	$11K	$6.7M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,046.3	−0.060%	$125K	$443K	50x	as long as short
Bitget MUUSDT	+0.0023%	8h	1,047	+0.014%	$20.1M	$41.0M	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,046.3	−0.057%	$1.1M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.366%	$14K	$302	12x	as long as short
Arcus MU-USD	+0.0041%	1h	1,046.3	−0.059%	$63K	$235K	10x	as long as short
QFEX MU-USDshort	+0.0045%	1h	1,046.6	−0.027%	$7.9M	$23.5M	10x
Vest MU-USD-PERP	+0.0046%	1h	1,047.2	+0.026%	—	$190K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,046.8	−0.008%	$166K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,046.3	−0.060%	$687K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,045.7	−0.118%	$1.9M	$2.6M	10x	as long as short
Paradex MU-USD-PERP	+0.0057%	8h	1,046.6	−0.025%	$2K	—	5x	as long as short
Lighter MU	+0.0072%	1h	1,046.5	−0.041%	$973K	$4.7M	20x	as long as short
Extended MU_24_5-USD	+0.0080%	1h	1,045.7	−0.109%	$526K	$1.0M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,046.4	−0.049%	$33K	—	10x	as long as short
Bullet MU-USD	+0.0082%	1h	1,046.8	−0.008%	$25K	$397K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,046.6	−0.029%	$153K	$179K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,046.3	−0.053%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,046.8	−0.012%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,046.5	−0.033%	$832	$799	20x	as long as short
tradeXYZ xyz:MU	+0.0113%	1h	1,046.3	−0.055%	$178.8M	$98.5M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,046.3	−0.055%	$769K	$1.7M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,046.5	−0.036%	$1.5M	$2.0M	20x	as long as short
Nado MU-PERP	+0.0130%	1h	1,046	−0.086%	$334K	$797K	10x	as long as short
Aftermath Perps MUUSD	+0.0163%	1h	1,046.8	−0.005%	$3K	$44K	10x	as long as short
Phoenix MU	+0.0305%	1h	1,045.6	−0.122%	$529K	$219K	15x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0352%	1h	1,046.3	−0.053%	$55K	$150K	10x	as long as short