Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%

Price spread now: Binance against OKX+0.018%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$230.231% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 7 days−0.017%−$2 · spread now +0.018%, 7d avg +0.006%

Together, before fees+0.020%+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MU-USDT-SWAP	1,037.3	0	get 0.0000% / 8h	1h 52m	$29.9M	$101.3M	50x
Short	Binance MUUSDT	1,037.4	0	get 0.0000% / 8h	1h 52m	$121.6M	$536.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.018%Rate

Funding earned: $0
Price spread: +0.018% → +0.006%: $1.25
Slippage, 4 orders: −$3.12
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$21.87
Costs to cover: 0.231%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Binance: live order book, 6 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 OKX live order book, 1 min ago	0.05 bp	6.7 bp −$7	8.9 bp −$89	25.4 bp −$2,542	doesn't fit
Sell Binance live order book, 6 min ago	0.05 bp	5.8 bp −$6	7.0 bp −$70	18.1 bp −$1,805	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	−0.0451%	4h	1,038.8	+0.149%	$1.3M	$672K	10x	as long as short
Bitget MUUSDT	−0.0082%	8h	1,037.8	+0.048%	$20.2M	$41.3M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,037.7	+0.042%	$21.1M	$57.4M	20x	as long as short
Binance MUUSDTshort	0.0000%	8h	1,037.4	+0.018%	$121.6M	$536.9M	50x
Bybit MUUSDT	0.0000%	8h	1,037.7	+0.039%	$18.6M	$32.2M	100x	as long as short
OKX MU-USDT-SWAPlong	0.0000%	8h	1,037.3	long leg	$29.9M	$101.3M	50x
RISEx MU/USDC	0.0000%	1h	1,037.6	+0.033%	$315K	$384K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,037.7	+0.041%	$61.4M	$28.2M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,038.8	+0.145%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,038.9	+0.155%	$84K	$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	1,037.4	+0.018%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,039.2	+0.192%	$11K	$5.6M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,038	+0.068%	$128K	$441K	50x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,038.2	+0.095%	$74K	$542K	10x	as long as short
Bullet MU-USD	+0.0007%	1h	1,037.4	+0.015%	$26K	$390K	10x	as long as short
Nado MU-PERP	+0.0018%	1h	1,037.2	−0.007%	$276K	$816K	10x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,038.5	+0.121%	$3K	$44K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,037.5	+0.024%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,037.1	−0.014%	$544K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,037.5	+0.028%	$7.0M	$18.4M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.360%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,038.5	+0.118%	$70K	$230K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,037.5	+0.022%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,036.9	−0.034%	$176.3M	$89.1M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,037.1	−0.014%	$168K	$196K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,037.8	+0.056%	$681K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.5	+0.019%	$1.8M	$2.6M	10x	as long as short
Paradex MU-USD-PERP	+0.0053%	8h	1,037.7	+0.041%	$2K	—	5x	as long as short
Lighter MU	+0.0056%	1h	1,037.6	+0.038%	$1.1M	$4.9M	20x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,037.9	+0.058%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,037.6	+0.031%	$147K	$190K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,037.2	−0.010%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,039.2	+0.187%	$70K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.2	+0.087%	$825	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0104%	1h	1,037.6	+0.032%	$732K	$1.3M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,038.1	+0.085%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,039.4	+0.207%	$532K	$270K	15x	as long as short