Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0622%/8h= −68.1% APRpaid last 24h −0.093%

Price spread now: edgeX against Paradex+0.070%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 edgeX

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—+ Points / potential airdropParadex: Active · edgeX: Active · farm boardneeds both histories

The price spread pays, funding is against you. edgeX is 0.070% dearer against Paradex than usual: you sell high and buy low (spread +0.070% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex MU-USD-PERP	1,038.7	0.0079	pay 0.0079% / 8h	4h 55m	$2K	—	5x
Short	edgeX MUUSDC	1,039.5	−0.0543	pay 0.0271% / 4h	55m 37s	$1.3M	$694K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$130.65
Price spread: +0.070% → 0.000%: $6.96
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$136.69
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; edgeX: live order book, 1 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 edgeX live order book, 1 min ago	0.34 bp	5.0 bp −$5	6.7 bp −$67	29.7 bp −$2,970	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 exchanges

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 MUUSDCshort	−0.0543%	4h	1,039.5	+0.070%	$1.3M	$694K	10x
Aster MUUSD1	0.0000%	8h	1,039.5	+0.070%	$21.2M	$73.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,039.1	+0.033%	$122.0M	$554.2M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,039	+0.024%	$29.8M	$106.7M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,038.8	+0.002%	$61.3M	$27.3M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,039	+0.023%	$19.8M	$43.7M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,038.8	+0.006%	$2.6M	$2.5M	—	as long as short
StandX MU-USD	0.0000%	1h	1,038.6	−0.011%	$188K	$3.7M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,040.8	+0.200%	$11K	$4.9M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,038.2	−0.052%	$32K	$733K	10x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDT	0.0000%	8h	1,038.9	+0.014%	$119K	$473K	50x	as long as short
Lighter RH MU	+0.0032%	1h	1,038.6	−0.017%	$1.1M	$4.4M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.216%	$19K	$5K	12x	as long as short
Aftermath Perps MUUSD	+0.0037%	1h	1,039.1	+0.034%	$3K	$41K	10x	as long as short
RISEx MU/USDC	+0.0045%	1h	1,039.3	+0.054%	$298K	$334K	20x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,040.3	+0.149%	—	$177K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,038.9	+0.016%	$169K	$163K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,038.9	+0.011%	$683K	$14K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.9	−0.079%	$1.9M	$3.2M	10x	as long as short
QFEX MU-USD	+0.0059%	1h	1,038.6	−0.011%	$7.0M	$19.4M	10x	as long as short
Paradex MU-USD-PERPlong	+0.0079%	8h	1,038.7	long leg	$2K	—	5x
Aevo MU-PERP	+0.0080%	1h	1,038.4	−0.028%	$32K	$1K	10x	as long as short
Bybit MUUSDT	+0.0088%	8h	1,039.2	+0.046%	$18.8M	$32.2M	100x	as long as short
Pacifica MU	+0.0100%	1h	1,038.5	−0.025%	$151K	$227K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,038.7	+0.001%	$5.2M	$6.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,039.4	+0.061%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.9	+0.016%	$826	$799	20x	as long as short
Lighter MU	+0.0120%	1h	1,038.9	+0.011%	$1.0M	$4.9M	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,039.8	+0.098%	$1.5M	$2.7M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0136%	1h	1,037.9	−0.082%	$727K	$1.2M	10x	as long as short
Nado MU-PERP	+0.0141%	1h	1,038.6	−0.011%	$276K	$834K	10x	as long as short
GRVT MU_USDT_Perp	+0.0158%	8h	1,039.9	+0.115%	$72K	$1.4M	10x	as long as short
Arcus MU-USD	+0.0186%	1h	1,038.6	−0.015%	$90K	$159K	10x	as long as short
Bullet MU-USD	+0.0221%	1h	1,039.1	+0.036%	$26K	$383K	10x	as long as short
tradeXYZ xyz:MU	+0.0243%	1h	1,038.7	−0.003%	$177.6M	$75.1M	10x	as long as short
Extended MU_24_5-USD	+0.0288%	1h	1,038	−0.068%	$551K	$1.1M	10x	as long as short
Phoenix MU	+0.0308%	1h	1,041.5	+0.267%	$533K	$159K	15x	as long as short