Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.062%

Price spread now: HTX against RISEx−0.019%7-day average −0.012% · 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−$29as in the Price arb table

costs, in and out, $10k−$280.279% of the position

Long on RISEx Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.055%−$5 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.019%, 7d avg −0.012%

Together, before fees−0.021%−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx MU/USDC	1,035.8	0	get 0.0000% / 1h	38m 07s	$314K	$386K	20x
Short	HTX MU-USDT	1,035.6	0	get 0.0000% / 8h	1h 38m	$127K	$441K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.019%Rate

Funding earned: $0
Price spread: −0.019% → −0.012%: −$0.75
Slippage, 4 orders: −$9.85
Fee RISEx: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$28.6
Costs to cover: 0.279%
Break-even: never at this rate

Slippage from RISEx: live order book, 5 min ago; HTX: 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, 5 min ago	0.63 bp	3.6 bp −$4	4.9 bp −$49	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	0.19 bp	13.6 bp −$14	14.6 bp −$146	27.3 bp −$2,728	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	−0.0203%	4h	1,035.9	+0.013%	$1.3M	$672K	10x	as long as short
Bitget MUUSDT	−0.0185%	8h	1,036	+0.021%	$20.2M	$41.4M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,036.7	+0.090%	$21.1M	$58.3M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,036.3	+0.047%	$121.4M	$537.3M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,036.4	+0.053%	$18.5M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,036.1	+0.028%	$29.8M	$99.8M	50x	as long as short
RISEx MU/USDClong	0.0000%	1h	1,035.8	long leg	$314K	$386K	20x
Gate MU_USDT	0.0000%	8h	1,035.7	−0.011%	$61.6M	$28.4M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,036	+0.019%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,036.3	+0.048%	$73K	$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	1,036.3	+0.048%	$187K	$3.5M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,035.9	+0.012%	$26K	$389K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,037.1	+0.121%	$11K	$5.6M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,035.7	−0.012%	$74K	$555K	10x	as long as short
HTX MU-USDTshort	0.0000%	8h	1,035.6	−0.019%	$127K	$441K	50x
Nado MU-PERP	+0.0008%	1h	1,035.5	−0.027%	$277K	$816K	10x	as long as short
Aftermath Perps MUUSD	+0.0017%	1h	1,036	+0.022%	$3K	$44K	10x	as long as short
Lighter MU	+0.0032%	1h	1,036.2	+0.036%	$1.1M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,036.1	+0.023%	$1.1M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,035.4	−0.038%	$540K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,035.7	−0.014%	$7.0M	$18.6M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.501%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,036	+0.015%	$70K	$230K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,035.8	+0.002%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,036.1	+0.028%	$176.0M	$88.0M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,035.6	−0.020%	$168K	$195K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,035.8	−0.002%	$680K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,035.8	+0.002%	$1.8M	$2.6M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,036	+0.014%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,035.4	−0.039%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,035.7	−0.010%	$147K	$190K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,035.8	−0.006%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,036.5	+0.063%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,035.8	−0.005%	$823	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0104%	1h	1,036	+0.020%	$731K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,036.4	+0.055%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,036.2	+0.038%	$530K	$270K	15x	as long as short