Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0264%/8h= −28.9% APRpaid last 24h −0.042%

Price spread now: SunX against Extended+0.169%7-day average +0.184% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$670.670% of the position

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.222%−$22 · spread now +0.169%, 7d avg +0.184%

Together, before fees−0.407%+ Points / potential airdropExtended: Active · farm board−$41 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.184%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MU_24_5-USD	1,032.5	0.0264	pay 0.0033% / 1h	57m 00s	$542K	$1.1M	10x
Short	SunX MU-USDT	1,034.2	0	get 0.0000% / 8h	6h 57m	$11K	$5.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.169%Rate

Funding earned: −$55.44
Price spread: +0.169% → +0.184%: −$1.51
Slippage, 4 orders: −$54
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$123.95
Costs to cover: 0.670%
Break-even: never at this rate

Slippage from Extended: live order book, 1 min ago; SunX: live order book, 12 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, 1 min ago	0.05 bp	4.8 bp −$5	13.5 bp −$135	doesn't fit	doesn't fit
Sell SunX live order book, 12 min ago	21.59 bp	33.1 bp −$33	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 MUUSDC	−0.0349%	4h	1,033.1	+0.063%	$1.3M	$694K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,033.8	+0.126%	$21.1M	$69.7M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,033.4	+0.089%	$121.5M	$551.8M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,033.3	+0.083%	$29.1M	$104.6M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,033.3	+0.077%	$61.6M	$27.5M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,033.4	+0.084%	$19.5M	$41.8M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,032.4	−0.009%	$2.5M	$2.7M	—	as long as short
StandX MU-USD	0.0000%	1h	1,032.5	+0.004%	$187K	$3.7M	20x	as long as short
SunX MU-USDTshort	0.0000%	8h	1,034.2	+0.169%	$11K	$5.2M	10x
HTX MU-USDT	0.0000%	8h	1,033	+0.050%	$119K	$490K	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	+0.0030%	1h	1,032.3	−0.019%	$3K	$43K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,033.1	+0.057%	$1.1M	$4.5M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.828%	$19K	$5K	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,033.1	+0.055%	—	$179K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,032.5	+0.002%	$167K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,033.1	+0.061%	$678K	$13K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,031.6	−0.082%	$1.9M	$3.2M	10x	as long as short
QFEX MU-USD	+0.0059%	1h	1,032.3	−0.021%	$7.0M	$19.0M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,032.5	+0.003%	$32K	$1K	10x	as long as short
Paradex MU-USD-PERP	+0.0091%	8h	1,032.5	−0.002%	$2K	—	5x	as long as short
Pacifica MU	+0.0100%	1h	1,032.2	−0.023%	$146K	$227K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,032.5	−0.003%	$5.1M	$5.0M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,032.1	−0.035%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,033	+0.046%	$821	$799	20x	as long as short
RISEx MU/USDC	+0.0107%	1h	1,033.1	+0.058%	$294K	$372K	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,033.3	+0.083%	$1.4M	$2.3M	20x	as long as short
Bybit MUUSDT	+0.0120%	8h	1,033.5	+0.096%	$18.7M	$32.5M	100x	as long as short
Arcus MU-USD	+0.0139%	1h	1,032.3	−0.017%	$90K	$233K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0152%	1h	1,030.9	−0.150%	$720K	$1.1M	10x	as long as short
Nado MU-PERP	+0.0170%	1h	1,032.1	−0.042%	$264K	$811K	10x	as long as short
Lighter MU	+0.0184%	1h	1,033.3	+0.078%	$1.0M	$5.0M	20x	as long as short
tradeXYZ xyz:MU	+0.0225%	1h	1,033.1	+0.060%	$174.9M	$78.4M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,032.7	+0.021%	$529K	$268K	15x	as long as short
Extended MU_24_5-USDlong	+0.0264%	1h	1,032.5	long leg	$542K	$1.1M	10x
Bullet MU-USD	+0.0313%	1h	1,033.1	+0.062%	$26K	$387K	10x	as long as short
GRVT MU_USDT_Perp	+0.0356%	8h	1,032.8	+0.030%	$73K	$1.4M	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0487%	1h	1,032.7	+0.017%	$72K	$636K	10x	as long as short