Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.027%

Price spread now: Deribit against RISEx−0.009%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$360.356% of the position

Long on RISEx Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.070%−$7 · spread now −0.009%, 7d avg −0.032%

Together, before fees−0.067%−$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Deribit is 0.023% dearer against RISEx than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx MU/USDC	1,042.8	0	get 0.0000% / 1h	5m 08s	$337K	$353K	20x
Short	Deribit MU_USDC-PERPETUAL	1,042.7	0	get 0.0000% / 1h	5m 08s	$73K	$491K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against RISEx. 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 RISExbpFee DeribitbpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → −0.032%: $2.33
Slippage, 4 orders: −$22.62
Fee RISEx: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$33.29
Costs to cover: 0.356%
Break-even: never at this rate

Slippage from RISEx: live order book, 48 min ago; Deribit: live order book, 49 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 RISEx live order book, 48 min ago	1.48 bp	4.5 bp −$4	5.5 bp −$55	doesn't fit	doesn't fit
Sell Deribit live order book, 49 min ago	4.53 bp	9.1 bp −$9	13.6 bp −$136	doesn't fit	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	−0.0615%	4h	1,042.3	−0.043%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,043.3	+0.052%	$21.2M	$57.0M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,043	+0.024%	$123.3M	$525.4M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,043	+0.019%	$18.6M	$31.9M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,042.8	0.000%	$30.7M	$99.7M	50x	as long as short
RISEx MU/USDClong	0.0000%	1h	1,042.8	long leg	$337K	$353K	20x
Gate MU_USDT	0.0000%	8h	1,042.8	−0.001%	$61.9M	$28.1M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,042.9	+0.015%	$20.5M	$41.6M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,043.3	+0.050%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,042.5	−0.030%	$83K	$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	1,043.2	+0.039%	$189K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,044.2	+0.139%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUALshort	0.0000%	1h	1,042.7	−0.009%	$73K	$491K	10x
HTX MU-USDT	0.0000%	8h	1,042.4	−0.035%	$130K	$435K	50x	as long as short
Aftermath Perps MUUSD	+0.0023%	1h	1,042.6	−0.021%	$3K	$44K	10x	as long as short
Nado MU-PERP	+0.0031%	1h	1,042.3	−0.046%	$281K	$823K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,042.7	−0.011%	$7.0M	$18.0M	10x	as long as short
Lighter MU	+0.0032%	1h	1,042.7	−0.005%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,042.7	−0.010%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,042.2	−0.053%	$555K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.822%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0037%	1h	1,042.9	+0.011%	$26K	$392K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,042.7	−0.011%	$70K	$232K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,043	+0.016%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,042.6	−0.018%	$177.3M	$94.9M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,042.6	−0.018%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,042.7	−0.010%	$684K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,043.2	+0.035%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,042	−0.072%	$1.9M	$2.3M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,042.3	−0.047%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,042.8	0.000%	$147K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,042.7	−0.010%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,042.3	−0.048%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,042.8	+0.002%	$829	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,044.6	+0.174%	$749K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,042.9	+0.012%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0305%	1h	1,043.1	+0.030%	$534K	$271K	15x	as long as short