Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0822%/8h= +90.0% APRpaid last 24h −0.046%

Price spread now: StandX against edgeX−0.054%7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$250.249% of the position

Long on edgeX Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.860%−$86 on $10k

Price spread, last 7 days+0.105%+$10 · spread now −0.054%, 7d avg +0.035%

Together, before fees−0.755%+ Points / potential airdropedgeX: Active · StandX: Active · farm board−$76 on $10k · with fees, hour by hour

Funding pays, the price is against you. StandX is 0.089% cheaper against edgeX than usual: you would sell low and buy high (spread −0.054% now, against its 7-day average of +0.035%). If the spread goes back, that is −$9 on $10k: about 9 hours of funding at the current rate (+$25 a day). Mind the row above: over the last 7 days funding on this pair cost −0.860%, 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	1,050.1	−0.0822	get 0.0411% / 4h	1h 46m	$1.3M	$672K	10x
Short	StandX MU-USD	1,049.6	0	get 0.0000% / 1h	46m 46s	$190K	$3.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.054%Rate

Funding earned: $172.56
Price spread: −0.054% → +0.035%: −$8.92
Slippage, 4 orders: −$7.87
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee StandX: 4 bp × 2 orders: −$8
Net: $138.78
Costs to cover: 0.249%
Break-even: 1.4 days

Slippage from edgeX: live order book, 2 min ago; StandX: live order book, 2 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	0.38 bp	4.9 bp −$5	6.6 bp −$66	28.5 bp −$2,847	doesn't fit
Sell StandX live order book, 2 min ago	2.43 bp	7.4 bp −$7	13.9 bp −$139	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	−0.0822%	4h	1,050.1	long leg	$1.3M	$672K	10x
RISEx MU/USDC	0.0000%	1h	1,050.2	+0.004%	$333K	$349K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,049.8	−0.029%	$62.0M	$27.4M	75x	as long as short
StandX MU-USDshort	0.0000%	1h	1,049.6	−0.054%	$190K	$3.4M	20x
SunX MU-USDT	0.0000%	8h	1,051.6	+0.137%	$11K	$5.9M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,049.6	−0.049%	$66K	$357K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,049.6	−0.048%	$129K	$427K	50x	as long as short
Bybit MUUSDT	+0.0013%	8h	1,050	−0.007%	$19.1M	$32.3M	100x	as long as short
Aftermath Perps MUUSD	+0.0020%	1h	1,049.9	−0.021%	$3K	$44K	10x	as long as short
GRVT MU_USDT_Perp	+0.0024%	8h	1,050.8	+0.063%	$79K	$1.3M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MU-USD	+0.0030%	1h	1,049.9	−0.023%	$7.2M	$18.4M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,049.6	−0.053%	$1.2M	$4.2M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.118%	$19K	$5K	12x	as long as short
OKX MU-USDT-SWAP	+0.0039%	8h	1,049.7	−0.044%	$31.0M	$100.0M	50x	as long as short
Extended MU_24_5-USD	+0.0040%	1h	1,049.4	−0.068%	$564K	$1.1M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,049.9	−0.019%	$71K	$235K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,050.7	+0.057%	—	$175K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049.8	−0.030%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,049.7	−0.039%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.3	−0.081%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0059%	8h	1,050	−0.014%	$2K	—	5x	as long as short
Lighter MU	+0.0064%	1h	1,049.7	−0.042%	$1.1M	$4.8M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	−0.017%	$756K	$1.2M	10x	as long as short
Nado MU-PERP	+0.0097%	1h	1,049.6	−0.053%	$280K	$848K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,049.8	−0.035%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049.9	−0.025%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,049.6	−0.053%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,049.7	−0.038%	$835	$799	20x	as long as short
Aster MUUSD1	+0.0103%	8h	1,050.1	−0.002%	$21.4M	$52.1M	20x	as long as short
tradeXYZ xyz:MU	+0.0104%	1h	1,049.6	−0.049%	$178.1M	$99.2M	10x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,049.6	−0.051%	$32K	$1K	10x	as long as short
Bullet MU-USD	+0.0136%	1h	1,049.9	−0.019%	$26K	$397K	10x	as long as short
Variational Omni MU	+0.0144%	8h	1,050.4	+0.031%	$2.7M	$2.3M	—	as long as short
Binance MUUSDT	+0.0160%	8h	1,049.8	−0.029%	$126.4M	$519.9M	50x	as long as short
Bitget MUUSDT	+0.0162%	8h	1,049.9	−0.019%	$20.6M	$41.2M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.2	+0.008%	$537K	$271K	15x	as long as short
BloFin MU-USDT	+0.0282%	8h	1,049.9	−0.022%	—	$2.0M	20x	as long as short