Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.021%

Price spread now: Extended against Paradex−0.080%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Extended

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 · Extended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.080% cheaper against Paradex than usual: you would sell low and buy high (spread −0.080% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 35 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex MU-USD-PERP	1,033.4	0.0092	pay 0.0092% / 8h	6h 56m	$2K	—	5x
Short	Extended MU_24_5-USD	1,032.6	0.0272	get 0.0034% / 1h	56m 17s	$542K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.080%Rate

Funding earned: $37.86
Price spread: −0.080% → 0.000%: −$7.95
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $20.91
Costs to cover: 0.090%
Break-even: 3.1 days

Slippage unknown: Paradex: no order-book sample; Extended: live order book, 2 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 Extended live order book, 2 min ago	0.05 bp	3.5 bp −$4	12.6 bp −$126	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	−0.0349%	4h	1,033.1	−0.025%	$1.3M	$694K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,033.6	+0.017%	$21.1M	$69.8M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,033.4	+0.001%	$121.5M	$551.8M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,033.2	−0.019%	$29.1M	$104.6M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,033.2	−0.017%	$61.6M	$27.5M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,033.3	−0.006%	$19.5M	$41.8M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,032.4	−0.097%	$2.5M	$2.7M	—	as long as short
StandX MU-USD	0.0000%	1h	1,032.5	−0.084%	$187K	$3.7M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,034.3	+0.087%	$11K	$5.2M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,032.9	−0.044%	$119K	$490K	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MUUSD	+0.0030%	1h	1,032.5	−0.083%	$3K	$43K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,033	−0.036%	$1.1M	$4.5M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.739%	$19K	$5K	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,033.7	+0.025%	—	$179K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,033.1	−0.028%	$167K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,033.2	−0.023%	$678K	$13K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,032.8	−0.057%	$1.9M	$3.2M	10x	as long as short
QFEX MU-USD	+0.0059%	1h	1,033.4	−0.001%	$7.0M	$19.0M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,033.1	−0.031%	$32K	$1K	10x	as long as short
Paradex MU-USD-PERPlong	+0.0092%	8h	1,033.4	long leg	$2K	—	5x
Pacifica MU	+0.0100%	1h	1,032.9	−0.049%	$146K	$227K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,032.9	−0.044%	$5.1M	$5.0M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,032.1	−0.123%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,033.1	−0.027%	$821	$799	20x	as long as short
RISEx MU/USDC	+0.0107%	1h	1,033.6	+0.024%	$294K	$372K	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,033.3	−0.005%	$1.4M	$2.3M	20x	as long as short
Bybit MUUSDT	+0.0120%	8h	1,033.4	+0.005%	$18.7M	$32.5M	100x	as long as short
Arcus MU-USD	+0.0139%	1h	1,033	−0.035%	$90K	$233K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0152%	1h	1,030.9	−0.238%	$720K	$1.1M	10x	as long as short
Nado MU-PERP	+0.0163%	1h	1,032.8	−0.062%	$264K	$808K	10x	as long as short
Lighter MU	+0.0184%	1h	1,033.2	−0.021%	$1.0M	$5.0M	20x	as long as short
tradeXYZ xyz:MU	+0.0197%	1h	1,033	−0.038%	$174.9M	$78.4M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,032.7	−0.067%	$529K	$268K	15x	as long as short
Extended MU_24_5-USDshort	+0.0272%	1h	1,032.6	−0.080%	$542K	$1.1M	10x
Bullet MU-USD	+0.0297%	1h	1,033.4	+0.001%	$26K	$387K	10x	as long as short
GRVT MU_USDT_Perp	+0.0356%	8h	1,032.8	−0.058%	$73K	$1.4M	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0418%	1h	1,033.1	−0.033%	$72K	$636K	10x	as long as short