Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.028%

Price spread now: RISEx against Orderly+0.021%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. RISEx is 0.021% dearer against Orderly than usual: you sell high and buy low (spread +0.021% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_MU_USDC_mythos	1,038.3	0.0100	pay 0.0100% / 8h	4m 04s	$825	$799	20x
Short	RISEx MU/USDC	1,038.5	0	get 0.0000% / 1h	4m 04s	$312K	$385K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Orderly. 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 OrderlybpFee RISExbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$21
Price spread: +0.021% → 0.000%: $2.05
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$30.95
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; RISEx: live order book, 34 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell RISEx live order book, 34 min ago	0.92 bp	3.9 bp −$4	5.0 bp −$50	doesn't fit	doesn't fit

Orderly: 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 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	−0.0555%	4h	1,038.3	−0.004%	$1.3M	$673K	10x	as long as short
Bitget MUUSDT	−0.0134%	8h	1,038.8	+0.045%	$20.2M	$39.9M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,038.8	+0.043%	$21.2M	$67.8M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,038.6	+0.031%	$122.5M	$536.8M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,038.5	+0.021%	$18.8M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,038.5	+0.017%	$29.8M	$100.0M	50x	as long as short
RISEx MU/USDCshort	0.0000%	1h	1,038.5	+0.021%	$312K	$385K	20x
Gate MU_USDT	0.0000%	8h	1,038.4	+0.009%	$61.6M	$28.4M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,038.3	−0.002%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,038.4	+0.012%	$80K	$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	1,038.5	+0.018%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,039.8	+0.138%	$11K	$5.5M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,038.3	−0.004%	$74K	$621K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,038.3	−0.003%	$126K	$481K	50x	as long as short
Bullet MU-USD	+0.0007%	1h	1,038.5	+0.017%	$25K	$388K	10x	as long as short
Nado MU-PERP	+0.0018%	1h	1,038.3	−0.006%	$280K	$802K	10x	as long as short
Aftermath Perps MUUSD	+0.0020%	1h	1,038.3	−0.001%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0021%	1h	1,038.2	−0.012%	$7.0M	$18.7M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,038.6	+0.031%	$1.1M	$4.5M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,037.7	−0.056%	$544K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.256%	$19K	$5K	12x	as long as short
Lighter MU	+0.0040%	1h	1,038.8	+0.047%	$1.0M	$4.9M	20x	as long as short
Arcus MU-USD	+0.0040%	1h	1,037.8	−0.051%	$90K	$244K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,038.7	+0.033%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,038.5	+0.017%	$176.4M	$80.2M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,038.3	−0.002%	$168K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,038.5	+0.014%	$681K	$15K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,038.1	−0.020%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.6	−0.071%	$1.9M	$2.7M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,038.2	−0.015%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,038.3	+0.002%	$726K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,037.8	−0.047%	$144K	$191K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,038.3	0.000%	$5.2M	$4.2M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,038.5	+0.015%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythoslong	+0.0100%	8h	1,038.3	long leg	$825	$799	20x
BloFin MU-USDT	+0.0120%	8h	1,038.3	−0.002%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0232%	1h	1,038.7	+0.037%	$531K	$270K	15x	as long as short