Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0831%/8h= −90.9% APRpaid last 24h −0.030%

Price spread now: edgeX against Extended+0.026%93s7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs+$47as 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−$190.188% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.658%+$66 on $10k

Price spread, last 7 days−0.034%−$3 · spread now +0.026%, 7d avg +0.025%

Together, before fees+0.623%+ Points / potential airdropExtended: Active · edgeX: Active · farm board+$62 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: −$25 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.658%, so the current rate has only just turned against you. The two prices were read 93 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	Extended MU_24_5-USD	1,037.9	0.0032	pay 0.0004% / 1h	9m 56s	$545K	$1.1M	10x
Short	edgeX MUUSDC	1,038.2	−0.0799	pay 0.0399% / 4h	9m 56s	$1.3M	$674K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Extended. 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 ExtendedbpFee edgeXbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$174.42
Price spread: +0.026% → +0.025%: $0.12
Slippage, 4 orders: −$4.84
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$193.14
Costs to cover: 0.188%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; edgeX: live order book, 4 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 Extended live order book, 3 min ago	0.14 bp	4.5 bp −$5	10.0 bp −$100	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	0.38 bp	5.0 bp −$5	6.9 bp −$69	28.7 bp −$2,870	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 MUUSDCshort	−0.0799%	4h	1,038.2	+0.026%	$1.3M	$674K	10x
Bitget MUUSDT	−0.0153%	8h	1,038.8	+0.079%	$20.2M	$39.9M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,038.8	+0.080%	$21.2M	$67.0M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,038.6	+0.065%	$122.4M	$537.2M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,038.6	+0.064%	$18.8M	$32.3M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,038.4	+0.041%	$29.8M	$100.1M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,038.3	+0.034%	$313K	$384K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,038.3	+0.039%	$61.6M	$28.4M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,037.8	−0.017%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,038.7	+0.072%	$71K	$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	+0.006%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,040.1	+0.212%	$11K	$5.5M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,038.3	+0.037%	$74K	$617K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,038.4	+0.048%	$126K	$481K	50x	as long as short
Bullet MU-USD	+0.0006%	1h	1,038.6	+0.063%	$25K	$388K	10x	as long as short
Nado MU-PERP	+0.0014%	1h	1,037.9	−0.003%	$280K	$804K	10x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,038.2	+0.026%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0021%	1h	1,038	+0.002%	$7.0M	$18.7M	10x	as long as short
Lighter MU	+0.0032%	1h	1,038.6	+0.066%	$1.0M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,038.5	+0.055%	$1.1M	$4.5M	10x	as long as short
Extended MU_24_5-USDlong	+0.0032%	1h	1,037.9	long leg	$545K	$1.1M	10x
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.294%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,037.6	−0.030%	$90K	$244K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,038.3	+0.040%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,038.3	+0.036%	$176.4M	$81.5M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,038	+0.007%	$168K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,038.1	+0.020%	$681K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,038	+0.011%	$1.8M	$2.7M	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,037.8	−0.011%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,038.1	+0.014%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,038.3	+0.040%	$726K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,037.6	−0.030%	$144K	$192K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,038.2	+0.023%	$5.2M	$4.1M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,038.7	+0.076%	$70K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.5	+0.058%	$826	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,038	+0.002%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0232%	1h	1,038.9	+0.093%	$531K	$270K	15x	as long as short