Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0795%/8h= +87.1% APRpaid last 24h +0.004%

Price spread now: tradeXYZ against edgeX+0.012%7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$310.305% of the position

Long on edgeX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.625%−$62 on $10k

Price spread, last 7 days−0.012%−$1 · spread now +0.012%, 7d avg −0.038%

Together, before fees−0.636%+ Points / potential airdropedgeX: Active · tradeXYZ: Active · farm board−$64 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and tradeXYZ is 0.050% dearer against edgeX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.038%. Mind the row above: over the last 7 days funding on this pair cost −0.625%, 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	−0.0738	get 0.0369% / 4h	1h 23m	$1.3M	$671K	10x
Short	tradeXYZ xyz:MU	1,050.2	0.0057	get 0.0007% / 1h	23m 35s	$178.1M	$98.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.012%Rate

Funding earned: $167.01
Price spread: +0.012% → −0.038%: $5.04
Slippage, 4 orders: −$3.54
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $141.5
Costs to cover: 0.305%
Break-even: 1.1 days

Slippage from edgeX: live order book, just now; tradeXYZ: 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, just now	0.33 bp	5.0 bp −$5	6.8 bp −$68	27.7 bp −$2,771	doesn't fit
Sell tradeXYZ live order book, 5 min ago	0.48 bp	9.8 bp −$10	10.7 bp −$107	15.2 bp −$1,521	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	−0.0738%	4h	1,050.1	long leg	$1.3M	$671K	10x
Bybit MUUSDT	0.0000%	8h	1,050.7	+0.064%	$19.1M	$32.3M	100x	as long as short
RISEx MU/USDC	0.0000%	1h	1,050.7	+0.056%	$333K	$348K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.4	+0.034%	$62.0M	$27.5M	75x	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,050.2	+0.013%	$85K	$1.3M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,050.2	+0.010%	$190K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.4	+0.222%	$11K	$5.9M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,050.4	+0.030%	$67K	$377K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,050.4	+0.035%	$129K	$429K	50x	as long as short
OKX MU-USDT-SWAP	+0.0020%	8h	1,050.4	+0.033%	$31.0M	$99.7M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MUUSD	+0.0020%	1h	1,050	−0.005%	$3K	$45K	10x	as long as short
QFEX MU-USD	+0.0030%	1h	1,050.3	+0.022%	$7.2M	$18.1M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,050.3	+0.025%	$1.2M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.123%	$19K	$5K	12x	as long as short
Extended MU_24_5-USD	+0.0040%	1h	1,049.8	−0.029%	$564K	$1.1M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.1	+0.006%	$71K	$235K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.3	+0.119%	—	$175K	25x	as long as short
Lighter MU	+0.0048%	1h	1,050.6	+0.050%	$1.1M	$5.0M	20x	as long as short
Nado MU-PERP	+0.0049%	1h	1,050.3	+0.019%	$282K	$847K	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,050.1	+0.003%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.5	+0.038%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.3	−0.076%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0055%	8h	1,050.4	+0.036%	$2K	—	5x	as long as short
tradeXYZ xyz:MUshort	+0.0057%	1h	1,050.2	+0.012%	$178.1M	$98.9M	10x
Aster MUUSD1	+0.0059%	8h	1,050.4	+0.033%	$21.4M	$53.0M	20x	as long as short
Bullet MU-USD	+0.0065%	1h	1,050.7	+0.060%	$25K	$398K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	−0.012%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050.5	+0.044%	$149K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.2	+0.015%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050	−0.011%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.4	+0.029%	$835	$799	20x	as long as short
Variational Omni MU	+0.0101%	8h	1,050.2	+0.010%	$2.7M	$2.4M	—	as long as short
Aevo MU-PERP	+0.0112%	1h	1,050.3	+0.025%	$32K	$1K	10x	as long as short
Bitget MUUSDT	+0.0114%	8h	1,050.5	+0.043%	$20.6M	$41.1M	50x	as long as short
Binance MUUSDT	+0.0125%	8h	1,050.4	+0.032%	$126.5M	$518.5M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.4	+0.031%	$537K	$271K	15x	as long as short
BloFin MU-USDT	+0.0248%	8h	1,050.3	+0.023%	$1.5M	$2.0M	20x	as long as short