Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h +0.013%

Price spread now: Bullet against Paradex+0.022%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Bullet is 0.022% dearer against Paradex than usual: you sell high and buy low: +$2 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	Paradex MU-USD-PERP	1,047.1	0.0051	pay 0.0051% / 8h	3h 40m	$2K	—	5x
Short	Bullet MU-USD	1,047.3	0.0065	get 0.0008% / 1h	40m 45s	$26K	$395K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Paradex. 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 ParadexbpFee BulletbpOrdersPrice spread, now +0.022%Rate

Funding earned: $2.95
Price spread: +0.022% → 0.000%: $2.18
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$6.88
Costs to cover: 0.120%
Break-even: 23.3 days

Slippage unknown: Paradex: no order-book sample; Bullet: live order book, 13 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 Paradex no order-book sample	—	—	—	—	—
Sell Bullet live order book, 13 min ago	0.48 bp	6.2 bp −$6	20.5 bp −$205	doesn't fit	doesn't fit

Paradex: 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	−0.0697%	4h	1,047.6	+0.046%	$1.3M	$671K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,047	−0.006%	$21.3M	$56.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,047	−0.012%	$125.3M	$518.3M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,047.1	+0.005%	$19.0M	$32.0M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,047	−0.012%	$31.1M	$99.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,047.1	0.000%	$338K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,046.9	−0.020%	$62.2M	$27.7M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,047	−0.006%	$20.5M	$41.3M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,047.2	+0.014%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,048.5	+0.134%	$82K	$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	1,047.6	+0.049%	$189K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,048.4	+0.124%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,046.8	−0.031%	$73K	$466K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,047.1	+0.003%	$130K	$431K	50x	as long as short
Aftermath Perps MUUSD	+0.0024%	1h	1,047.6	+0.049%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,047.3	+0.018%	$7.1M	$17.9M	10x	as long as short
Lighter MU	+0.0032%	1h	1,046.9	−0.020%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,046.8	−0.030%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,046.2	−0.084%	$550K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.410%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,047.4	+0.028%	$71K	$233K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,048.2	+0.109%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,046.6	−0.045%	$177.4M	$97.5M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,047	−0.007%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,047.1	+0.007%	$687K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,047	−0.009%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERPlong	+0.0051%	8h	1,047.1	long leg	$2K	—	5x
Nado MU-PERP	+0.0053%	1h	1,047	−0.003%	$281K	$828K	10x	as long as short
Bullet MU-USDshort	+0.0065%	1h	1,047.3	+0.022%	$26K	$395K	10x
BloFin MU-USDT	+0.0080%	8h	1,047.2	+0.008%	$1.5M	$2.0M	20x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,046.8	−0.023%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,046.9	−0.016%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,046.7	−0.035%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,047.5	+0.045%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,047	−0.008%	$832	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,050	+0.283%	$757K	$1.2M	10x	as long as short
Phoenix MU	+0.0305%	1h	1,048.1	+0.098%	$536K	$271K	15x	as long as short