Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h −0.020%

Price spread now: Orderly against RISEx+0.087%7-day average — · you sell dearer than you buy

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

Long on RISEx Short on Orderly

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—needs both histories

The price spread pays, funding is against you. Orderly is 0.087% dearer against RISEx than usual: you sell high and buy low (spread +0.087% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx MU/USDC	1,039.5	0.0118	pay 0.0015% / 1h	59m 36s	$299K	$350K	20x
Short	Orderly PERP_MU_USDC_mythos	1,040.4	0.0100	get 0.0100% / 8h	5h 59m	$827	$799	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.087%Rate

Funding earned: −$3.77
Price spread: +0.087% → 0.000%: $8.74
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$7.03
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 51 min ago; Orderly: no order-book sample. 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 RISEx live order book, 51 min ago	1.07 bp	4.1 bp −$4	5.7 bp −$57	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 MUUSDC	−0.0723%	4h	1,039.3	−0.017%	$1.3M	$695K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,040.5	+0.093%	$21.3M	$73.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,039.8	+0.025%	$121.4M	$555.1M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,039.5	−0.006%	$29.6M	$107.8M	50x	as long as short
Gate MU_USDT	0.0000%	8h	1,040.1	+0.055%	$61.2M	$27.8M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,039.5	−0.002%	$19.9M	$43.6M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,039.6	+0.004%	$2.6M	$2.6M	—	as long as short
StandX MU-USD	0.0000%	1h	1,039	−0.054%	$188K	$3.7M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,042.3	+0.271%	$11K	$5.1M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,040.3	+0.077%	$120K	$474K	50x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH MU	+0.0032%	1h	1,039.4	−0.016%	$1.2M	$4.5M	10x	as long as short
Aftermath Perps MUUSD	+0.0033%	1h	1,038.2	−0.125%	$3K	$42K	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.139%	$19K	$5K	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,041.1	+0.152%	—	$177K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,040.2	+0.065%	$168K	$178K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,038.9	−0.065%	$1.9M	$3.2M	10x	as long as short
QFEX MU-USD	+0.0059%	1h	1,040.2	+0.061%	$7.0M	$19.2M	10x	as long as short
Bybit MUUSDT	+0.0073%	8h	1,039.7	+0.015%	$18.8M	$32.6M	100x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,040.2	+0.068%	$32K	$1K	10x	as long as short
Paradex MU-USD-PERP	+0.0081%	8h	1,039.7	+0.021%	$2K	—	5x	as long as short
Pacifica MU	+0.0100%	1h	1,039.7	+0.013%	$151K	$227K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,039.8	+0.027%	$5.2M	$5.8M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,038.5	−0.101%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythosshort	+0.0100%	8h	1,040.4	+0.087%	$827	$799	20x
RISEx MU/USDClong	+0.0118%	1h	1,039.5	long leg	$299K	$350K	20x
BloFin MU-USDT	+0.0120%	8h	1,040	+0.046%	$1.4M	$2.5M	20x	as long as short
Nado MU-PERP	+0.0125%	1h	1,039.4	−0.015%	$277K	$842K	10x	as long as short
Arcus MU-USD	+0.0139%	1h	1,038.9	−0.058%	$90K	$149K	10x	as long as short
tradeXYZ xyz:MU	+0.0142%	1h	1,040.1	+0.056%	$177.3M	$76.0M	10x	as long as short
SoDEX MU-USD	+0.0146%	1h	1,040.3	+0.078%	$683K	$13K	10x	as long as short
Lighter MU	+0.0152%	1h	1,040.2	+0.061%	$1.0M	$5.1M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0152%	1h	1,040.5	+0.095%	$741K	$1.1M	10x	as long as short
Bullet MU-USD	+0.0213%	1h	1,040.5	+0.094%	$25K	$386K	10x	as long as short
GRVT MU_USDT_Perp	+0.0240%	8h	1,040	+0.047%	$81K	$1.4M	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0308%	1h	1,040	+0.049%	$38K	$714K	10x	as long as short
Phoenix MU	+0.0310%	1h	1,039.4	−0.012%	$532K	$269K	15x	as long as short
Extended MU_24_5-USD	+0.0352%	1h	1,038.8	−0.067%	$553K	$1.1M	10x	as long as short