Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0555%/8h= −60.7% APRpaid last 24h −0.044%

Price spread now: edgeX against RISEx−0.025%55s7-day average −0.007% · 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—prices read too far apart to compare

costs, in and out, $10k−$180.177% of the position

Long on RISEx Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.263%+$26 on $10k

Price spread, last 4 days (all we have)+0.180%+$18 · spread now −0.025%, 7d avg −0.007%

Together, before fees+0.443%+ Points / potential airdropedgeX: Active · farm board+$44 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: −$17 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.263%, so the current rate has only just turned against you. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx MU/USDC	1,038.5	0	get 0.0000% / 1h	4m 08s	$312K	$385K	20x
Short	edgeX MUUSDC	1,038.3	−0.0555	pay 0.0277% / 4h	4m 08s	$1.3M	$673K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.025%Rate

Funding earned: −$116.45
Price spread: −0.025% → −0.007%: −$1.78
Slippage, 4 orders: −$2.73
Fee RISEx: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$135.96
Costs to cover: 0.177%
Break-even: never at this rate

Slippage from RISEx: live order book, 34 min ago; edgeX: live order book, 5 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, 34 min ago	0.92 bp	3.9 bp −$4	4.5 bp −$45	doesn't fit	doesn't fit
Sell edgeX live order book, 5 min ago	0.34 bp	4.9 bp −$5	6.7 bp −$67	29.3 bp −$2,927	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 MUUSDCshort	−0.0555%	4h	1,038.3	−0.025%	$1.3M	$673K	10x
Bitget MUUSDT	−0.0134%	8h	1,038.8	+0.023%	$20.2M	$39.9M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,038.8	+0.023%	$21.2M	$67.8M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,038.6	+0.011%	$122.5M	$536.8M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,038.5	+0.001%	$18.8M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,038.4	−0.016%	$29.8M	$100.0M	50x	as long as short
RISEx MU/USDClong	0.0000%	1h	1,038.5	long leg	$312K	$385K	20x
Gate MU_USDT	0.0000%	8h	1,038.3	−0.024%	$61.6M	$28.4M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,038.3	−0.023%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,038.4	−0.009%	$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	−0.002%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,039.8	+0.117%	$11K	$5.5M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,038.3	−0.024%	$74K	$621K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,038.3	−0.023%	$126K	$481K	50x	as long as short
Bullet MU-USD	+0.0007%	1h	1,038.5	−0.003%	$25K	$388K	10x	as long as short
Nado MU-PERP	+0.0018%	1h	1,038.3	−0.027%	$280K	$802K	10x	as long as short
Aftermath Perps MUUSD	+0.0020%	1h	1,038.3	−0.021%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0021%	1h	1,038.2	−0.032%	$7.0M	$18.7M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,038.6	+0.010%	$1.1M	$4.5M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,037.7	−0.077%	$544K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.235%	$19K	$5K	12x	as long as short
Lighter MU	+0.0040%	1h	1,038.8	+0.027%	$1.0M	$4.9M	20x	as long as short
Arcus MU-USD	+0.0040%	1h	1,037.8	−0.072%	$90K	$244K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,038.7	+0.012%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,038.3	−0.022%	$176.4M	$80.2M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,038.3	−0.022%	$168K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,038.5	−0.006%	$681K	$15K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,038.1	−0.040%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.6	−0.092%	$1.9M	$2.7M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,038.2	−0.035%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,038.3	−0.019%	$726K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,037.8	−0.068%	$144K	$191K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,038.3	−0.021%	$5.2M	$4.2M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,038.5	−0.005%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.3	−0.021%	$825	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,038.3	−0.022%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0232%	1h	1,038.7	+0.016%	$531K	$270K	15x	as long as short