Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.045%

Price spread now: HTX against Extended+0.079%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$280.276% of the position

Long on Extended Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.185%−$19 on $10k

Price spread, last 3 days (all we have)−0.006%−$1 · spread now +0.079%, 7d avg +0.038%

Together, before fees−0.191%+ Points / potential airdropExtended: Active · farm board−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.041% dearer against Extended than usual: you sell high and buy low (spread +0.079% now, against its 7-day average of +0.038%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.3 days. At the pace of the last 7 days (−0.185% in total) that is about 38 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MU_24_5-USD	1,049.5	0.0032	pay 0.0004% / 1h	50m 35s	$564K	$1.1M	10x
Short	HTX MU-USDT	1,050.4	0	get 0.0000% / 8h	5h 50m	$129K	$427K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.079%Rate

Funding earned: −$6.72
Price spread: +0.079% → +0.038%: $4.14
Slippage, 4 orders: −$10.63
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$30.21
Costs to cover: 0.276%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; HTX: live order book, 13 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	4.1 bp −$4	11.9 bp −$119	doesn't fit	doesn't fit
Sell HTX live order book, 13 min ago	3.43 bp	9.7 bp −$10	10.1 bp −$101	20.6 bp −$2,057	doesn't fit

MU on 36 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 MUUSDC	−0.0504%	4h	1,050.4	+0.085%	$1.3M	$671K	10x	as long as short
RISEx MU/USDC	0.0000%	1h	1,050.8	+0.121%	$333K	$349K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,050.3	+0.075%	$62.1M	$27.4M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,050.1	+0.050%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,052.2	+0.252%	$11K	$5.9M	10x	as long as short
HTX MU-USDTshort	0.0000%	8h	1,050.4	+0.079%	$129K	$427K	50x
Aftermath Perps MUUSD	+0.0019%	1h	1,050.3	+0.076%	$3K	$45K	10x	as long as short
GRVT MU_USDT_Perp	+0.0021%	8h	1,050.7	+0.111%	$79K	$1.3M	10x	as long as short
Bybit MUUSDT	+0.0024%	8h	1,050.9	+0.128%	$19.2M	$32.4M	100x	as long as short
QFEX MU-USD	+0.0030%	1h	1,050.4	+0.087%	$7.2M	$18.5M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH MU	+0.0032%	1h	1,050.3	+0.071%	$1.2M	$4.2M	10x	as long as short
Extended MU_24_5-USDlong	+0.0032%	1h	1,049.5	long leg	$564K	$1.1M	10x
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.174%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050.3	+0.072%	$71K	$235K	10x	as long as short
OKX MU-USDT-SWAP	+0.0043%	8h	1,050.7	+0.109%	$31.0M	$100.2M	50x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.2	+0.156%	—	$175K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,050.3	+0.073%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.5	+0.093%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.7	+0.017%	$1.9M	$2.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0060%	8h	1,050.7	+0.111%	$2K	—	5x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,049.9	+0.039%	$756K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050.4	+0.079%	$149K	$187K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.5	+0.095%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.8	+0.121%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.6	+0.101%	$835	$799	20x	as long as short
Aster MUUSD1	+0.0111%	8h	1,050.3	+0.078%	$21.5M	$52.1M	20x	as long as short
Lighter MU	+0.0112%	1h	1,050.5	+0.095%	$1.1M	$4.8M	20x	as long as short
Nado MU-PERP	+0.0115%	1h	1,049.9	+0.033%	$280K	$850K	10x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,050.2	+0.065%	$32K	$1K	10x	as long as short
tradeXYZ xyz:MU	+0.0140%	1h	1,050.3	+0.073%	$178.3M	$99.2M	10x	as long as short
Variational Omni MU	+0.0144%	8h	1,050.4	+0.087%	$2.7M	$2.3M	—	as long as short
Bullet MU-USD	+0.0164%	1h	1,050.6	+0.100%	$26K	$397K	10x	as long as short
Binance MUUSDT	+0.0166%	8h	1,050.5	+0.092%	$126.5M	$520.1M	50x	as long as short
Bitget MUUSDT	+0.0170%	8h	1,050.5	+0.093%	$20.6M	$41.2M	50x	as long as short
Phoenix MU	+0.0229%	1h	1,050.7	+0.111%	$537K	$271K	15x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0255%	1h	1,050.4	+0.080%	$66K	$354K	10x	as long as short