Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0107%/8h= +11.7% APRpaid last 24h +0.014%

Price spread now: Injective against HTX+0.151%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Injective is 0.151% dearer against HTX than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MU-USDT	1,049.8	0	get 0.0000% / 8h	6h 17m	$129K	$425K	50x
Short	Injective MU/USDC PERP	1,051.4	0.0107	get 0.0013% / 1h	17m 01s	$19K	$5K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against HTX. 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 HTXbpFee InjectivebpOrdersPrice spread, now +0.151%Rate

Funding earned: $22.46
Price spread: +0.151% → 0.000%: $15.15
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $25.58
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: HTX: live order book, 51 min ago; Injective: no order-book sample. Net counts fees only.

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 HTX live order book, 51 min ago	3.09 bp	11.1 bp −$11	16.0 bp −$160	31.8 bp −$3,181	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0876%	4h	1,049.5	−0.027%	$1.3M	$672K	10x	as long as short
Nado MU-PERP	−0.0007%	1h	1,049.8	+0.003%	$277K	$854K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,050.2	+0.038%	$19.2M	$32.6M	100x	as long as short
Gate MU_USDT	0.0000%	8h	1,049.8	−0.002%	$62.0M	$27.7M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,049.4	−0.035%	$190K	$3.4M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,050.1	+0.031%	$25K	$394K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.2	+0.135%	$11K	$6.0M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,049.8	−0.001%	$66K	$340K	10x	as long as short
HTX MU-USDTlong	0.0000%	8h	1,049.8	long leg	$129K	$425K	50x
Aftermath Perps MUUSD	+0.0017%	1h	1,049.6	−0.021%	$3K	$45K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MU	+0.0032%	1h	1,050	+0.022%	$1.1M	$4.8M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,050	+0.017%	$1.1M	$4.2M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,049.3	−0.049%	$567K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0040%	1h	1,049.7	−0.005%	$7.4M	$19.5M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,049.7	−0.010%	$71K	$236K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,050.8	+0.102%	—	$177K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,049.6	−0.016%	$178.1M	$99.6M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049.7	−0.007%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050	+0.018%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,048.8	−0.090%	$1.9M	$2.3M	10x	as long as short
OKX MU-USDT-SWAP	+0.0052%	8h	1,049.9	+0.010%	$30.8M	$100.5M	50x	as long as short
GRVT MU_USDT_Perp	+0.0056%	8h	1,049.8	+0.004%	$81K	$1.3M	10x	as long as short
Paradex MU-USD-PERP	+0.0062%	8h	1,050.2	+0.039%	$2K	—	5x	as long as short
Pacifica MU	+0.0100%	1h	1,050.1	+0.034%	$149K	$187K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049.6	−0.013%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,049.9	+0.009%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,049.9	+0.016%	$835	$799	20x	as long as short
Injective MU/USDC PERPshort	+0.0107%	1h	1,051.4	+0.151%	$19K	$5K	12x
Aevo MU-PERP	+0.0128%	1h	1,049.8	+0.003%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,050.3	+0.049%	$757K	$1.2M	10x	as long as short
Aster MUUSD1	+0.0153%	8h	1,049.9	+0.013%	$21.6M	$51.6M	20x	as long as short
Variational Omni MU	+0.0181%	8h	1,049.8	−0.002%	$2.7M	$2.4M	—	as long as short
Binance MUUSDT	+0.0193%	8h	1,049.9	+0.009%	$126.5M	$523.3M	50x	as long as short
Bitget MUUSDT	+0.0232%	8h	1,050.1	+0.031%	$20.6M	$42.0M	50x	as long as short
Phoenix MU	+0.0304%	1h	1,050.3	+0.050%	$537K	$273K	15x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,050.2	+0.040%	$334K	$348K	20x	as long as short