Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0555%/8h= +60.7% APRpaid last 24h +0.044%

Price spread now: RISEx against edgeX+0.025%55s7-day average +0.007% · you sell dearer than you buy

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−$180.177% of the position

Long on edgeX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.263%−$26 on $10k

Price spread, last 4 days (all we have)−0.180%−$18 · spread now +0.025%, 7d avg +0.007%

Together, before fees−0.443%+ Points / potential airdropedgeX: Active · farm board−$44 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: +$17 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.263%, so the current rate has only just turned in your favour. The two prices were read 55 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	1,038.3	−0.0555	get 0.0277% / 4h	4m 13s	$1.3M	$673K	10x
Short	RISEx MU/USDC	1,038.5	0	get 0.0000% / 1h	4m 13s	$312K	$385K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.025%Rate

Funding earned: $116.45
Price spread: +0.025% → +0.007%: $1.78
Slippage, 4 orders: −$2.73
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee RISEx: 3 bp × 2 orders: −$6
Net: $100.5
Costs to cover: 0.177%
Break-even: 1.0 days

Slippage from edgeX: live order book, 5 min ago; RISEx: live order book, 34 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, 5 min ago	0.34 bp	5.0 bp −$5	6.6 bp −$66	28.8 bp −$2,876	doesn't fit
Sell RISEx live order book, 34 min ago	0.92 bp	3.9 bp −$4	5.0 bp −$50	doesn't fit	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	−0.0555%	4h	1,038.3	long leg	$1.3M	$673K	10x
Bitget MUUSDT	−0.0134%	8h	1,038.8	+0.048%	$20.2M	$39.9M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,038.8	+0.048%	$21.2M	$67.8M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,038.6	+0.036%	$122.5M	$536.8M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,038.5	+0.025%	$18.8M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,038.4	+0.009%	$29.8M	$100.0M	50x	as long as short
RISEx MU/USDCshort	0.0000%	1h	1,038.5	+0.025%	$312K	$385K	20x
Gate MU_USDT	0.0000%	8h	1,038.3	0.000%	$61.6M	$28.4M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,038.3	+0.002%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,038.4	+0.016%	$80K	$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	1,038.5	+0.022%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,039.8	+0.142%	$11K	$5.5M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,038.3	0.000%	$74K	$621K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,038.3	+0.001%	$126K	$481K	50x	as long as short
Bullet MU-USD	+0.0007%	1h	1,038.5	+0.022%	$25K	$388K	10x	as long as short
Nado MU-PERP	+0.0018%	1h	1,038.3	−0.002%	$280K	$802K	10x	as long as short
Aftermath Perps MUUSD	+0.0020%	1h	1,038.3	+0.004%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0021%	1h	1,038.2	−0.007%	$7.0M	$18.7M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,038.6	+0.035%	$1.1M	$4.5M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,037.7	−0.052%	$544K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.260%	$19K	$5K	12x	as long as short
Lighter MU	+0.0040%	1h	1,038.8	+0.051%	$1.0M	$4.9M	20x	as long as short
Arcus MU-USD	+0.0040%	1h	1,037.8	−0.047%	$90K	$244K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,038.7	+0.037%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,038.3	+0.002%	$176.4M	$80.2M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,038.3	+0.002%	$168K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,038.5	+0.019%	$681K	$15K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,038.1	−0.016%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.6	−0.067%	$1.9M	$2.7M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,038.2	−0.011%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,038.3	+0.006%	$726K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,037.8	−0.043%	$144K	$191K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,038.3	+0.004%	$5.2M	$4.2M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,038.5	+0.020%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.3	+0.004%	$825	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,038.3	+0.002%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0232%	1h	1,038.7	+0.041%	$531K	$270K	15x	as long as short