Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.032%

Price spread now: tradeXYZ against OKX+0.010%7-day average −0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

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

costs, in and out, $10k−$310.311% of the position

Long on OKX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.080%+$8 on $10k

Price spread, last 7 days−0.051%−$5 · spread now +0.010%, 7d avg −0.069%

Together, before fees+0.029%+ Points / potential airdroptradeXYZ: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.079% dearer against OKX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MU-USDT-SWAP	1,037.1	0	get 0.0000% / 8h	30m 37s	$29.8M	$100.0M	50x
Short	tradeXYZ xyz:MU	1,037.2	0.0050	get 0.0006% / 1h	30m 37s	$176.3M	$82.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.010%Rate

Funding earned: $10.5
Price spread: +0.010% → −0.069%: $7.85
Slippage, 4 orders: −$3.13
Fee OKX: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$12.78
Costs to cover: 0.311%
Break-even: 15.5 days

Slippage from OKX: live order book, 3 min ago; tradeXYZ: live order book, 9 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, 3 min ago	0.05 bp	6.0 bp −$6	8.3 bp −$83	20.2 bp −$2,019	doesn't fit
Sell tradeXYZ live order book, 9 min ago	0.48 bp	9.9 bp −$10	11.1 bp −$111	16.0 bp −$1,601	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	−0.0695%	4h	1,037.8	+0.069%	$1.3M	$674K	10x	as long as short
Bitget MUUSDT	−0.0176%	8h	1,037.4	+0.029%	$20.2M	$40.0M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,037.8	+0.065%	$21.2M	$65.7M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,037.2	+0.010%	$122.0M	$538.5M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,037.2	+0.006%	$18.7M	$32.3M	100x	as long as short
OKX MU-USDT-SWAPlong	0.0000%	8h	1,037.1	long leg	$29.8M	$100.0M	50x
RISEx MU/USDC	0.0000%	1h	1,037.5	+0.034%	$313K	$385K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,037.1	+0.001%	$61.4M	$28.3M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,037.5	+0.038%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,038.4	+0.121%	$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	1,037.9	+0.076%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,039.4	+0.219%	$11K	$5.5M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,037.4	+0.033%	$74K	$610K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,037.3	+0.015%	$126K	$481K	50x	as long as short
Bullet MU-USD	+0.0014%	1h	1,037.7	+0.061%	$25K	$390K	10x	as long as short
Aftermath Perps MUUSD	+0.0018%	1h	1,037.8	+0.071%	$3K	$44K	10x	as long as short
Nado MU-PERP	+0.0021%	1h	1,037.4	+0.025%	$280K	$806K	10x	as long as short
QFEX MU-USD	+0.0021%	1h	1,037.1	−0.001%	$7.0M	$18.8M	10x	as long as short
Lighter MU	+0.0032%	1h	1,037.4	+0.024%	$1.0M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,037.3	+0.014%	$1.1M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,036.6	−0.048%	$545K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.375%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,037.1	+0.004%	$90K	$245K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,037.6	+0.048%	—	$175K	25x	as long as short
tradeXYZ xyz:MUshort	+0.0050%	1h	1,037.2	+0.010%	$176.3M	$82.7M	10x
Polymarket Perps MU-USD	+0.0050%	1h	1,037.4	+0.029%	$168K	$195K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,037.5	+0.037%	$681K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.1	−0.002%	$1.8M	$2.7M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,037.2	+0.012%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,037.2	+0.014%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,037.6	+0.045%	$725K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,037.1	−0.005%	$147K	$188K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,037.1	+0.002%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,037.2	+0.012%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,037.6	+0.048%	$825	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,037.6	+0.051%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0232%	1h	1,038.2	+0.106%	$531K	$270K	15x	as long as short