Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0576%/8h= +63.1% APRpaid last 24h −0.082%

Price spread now: SunX against edgeX−0.082%74s7-day average +0.157% · you buy dearer than you sell

Net, funding: paid 7d − costs−$163as in the Funding arb table

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

costs, in and out, $10k−$780.781% of the position

Long on edgeX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.854%−$85 on $10k

Price spread, last 3 days (all we have)+0.162%+$16 · spread now −0.082%, 7d avg +0.157%

Together, before fees−0.692%+ Points / potential airdropedgeX: Active · farm board−$69 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 0.240% cheaper against edgeX than usual: you would sell low and buy high (spread −0.082% now, against its 7-day average of +0.157%). If the spread goes back, that is −$24 on $10k: about 33 hours of funding at the current rate (+$17 a day). Mind the row above: over the last 7 days funding on this pair cost −0.854%, so the current rate has only just turned in your favour. The two prices were read 74 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	1,052.5	−0.0576	get 0.0288% / 4h	3h 23m	$1.3M	$672K	10x
Short	SunX MU-USDT	1,051.7	0	get 0.0000% / 8h	7h 23m	$11K	$6.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.082%Rate

Funding earned: $120.95
Price spread: −0.082% → +0.157%: −$23.96
Slippage, 4 orders: −$61.12
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: $18.86
Costs to cover: 0.781%
Break-even: 5.9 days

Slippage from edgeX: live order book, 5 min ago; SunX: live order book, 5 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	5.42 bp	10.0 bp −$10	11.8 bp −$118	34.3 bp −$3,433	doesn't fit
Sell SunX live order book, 5 min ago	21.56 bp	32.5 bp −$32	doesn't fit	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	−0.0576%	4h	1,052.5	long leg	$1.3M	$672K	10x
Gate MU_USDT	0.0000%	8h	1,050.5	−0.197%	$62.8M	$28.9M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,050.3	−0.209%	$190K	$3.3M	20x	as long as short
SunX MU-USDTshort	0.0000%	8h	1,051.7	−0.082%	$11K	$6.2M	10x
HTX MU-USDT	0.0000%	8h	1,050.2	−0.218%	$129K	$424K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,050.4	−0.199%	$3K	$45K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.2	−0.226%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.111%	$19K	$5K	12x	as long as short
Lighter MU	+0.0040%	1h	1,050.2	−0.217%	$1.1M	$4.8M	20x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.4	−0.104%	—	$179K	25x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MU-USD	+0.0050%	1h	1,050	−0.240%	$171K	$203K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.5	−0.289%	$1.9M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,050.4	−0.205%	$7.7M	$22.0M	10x	as long as short
Nado MU-PERP	+0.0085%	1h	1,049.7	−0.271%	$274K	$857K	10x	as long as short
Paradex MU-USD-PERP	+0.0091%	8h	1,050.2	−0.224%	$2K	—	5x	as long as short
Pacifica MU	+0.0100%	1h	1,050.3	−0.208%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050	−0.245%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,052	−0.054%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.5	−0.194%	$835	$799	20x	as long as short
OKX MU-USDT-SWAP	+0.0104%	8h	1,050.7	−0.176%	$30.9M	$101.7M	50x	as long as short
SoDEX MU-USD	+0.0119%	1h	1,050.3	−0.210%	$689K	$16K	10x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,050	−0.239%	$32K	$1K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0169%	1h	1,049.9	−0.247%	$64K	$304K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,048.4	−0.396%	$759K	$1.2M	10x	as long as short
Bybit MUUSDT	+0.0199%	8h	1,050.7	−0.171%	$19.4M	$32.6M	100x	as long as short
Bullet MU-USD	+0.0219%	1h	1,050.5	−0.193%	$26K	$396K	10x	as long as short
Variational Omni MU	+0.0224%	8h	1,051.7	−0.083%	$2.7M	$2.4M	—	as long as short
Aster MUUSD1	+0.0236%	8h	1,050.1	−0.227%	$21.6M	$48.3M	20x	as long as short
Binance MUUSDT	+0.0236%	8h	1,050.4	−0.202%	$126.0M	$522.7M	50x	as long as short
Arcus MU-USD	+0.0240%	1h	1,050.8	−0.169%	$71K	$243K	10x	as long as short
tradeXYZ xyz:MU	+0.0247%	1h	1,050	−0.240%	$178.3M	$100.3M	10x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,050.5	−0.196%	$316K	$339K	20x	as long as short
BloFin MU-USDT	+0.0355%	8h	1,051.3	−0.119%	$1.5M	$2.0M	20x	as long as short
Bitget MUUSDT	+0.0378%	8h	1,050.5	−0.195%	$20.6M	$41.6M	50x	as long as short
Phoenix MU	+0.0383%	1h	1,050.2	−0.221%	$537K	$306K	15x	as long as short
Extended MU_24_5-USD	+0.0384%	1h	1,049.7	−0.265%	$570K	$1.2M	10x	as long as short
GRVT MU_USDT_Perp	+0.0551%	8h	1,052.6	+0.005%	$83K	$1.3M	10x	as long as short