Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against StandX+0.053%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$340.343% of the position

Long on StandX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 4 days (all we have)−0.117%−$12 · spread now +0.053%, 7d avg +0.009%

Together, before fees−0.088%+ Points / potential airdropStandX: Active · farm board−$9 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: HTX is 0.044% dearer against StandX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX MU-USD	1,028.6	0	get 0.0000% / 1h	19m 48s	$186K	$3.6M	20x
Short	HTX MU-USDT	1,029.1	0	get 0.0000% / 8h	7h 19m	$118K	$494K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against StandX. 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 StandXbpFee HTXbpOrdersPrice spread, now +0.053%Rate

Funding earned: $0
Price spread: +0.053% → +0.009%: $4.41
Slippage, 4 orders: −$14.33
Fee StandX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$29.92
Costs to cover: 0.343%
Break-even: never at this rate

Slippage from StandX: live order book, 4 min ago; HTX: live order book, 14 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 StandX live order book, 4 min ago	2.48 bp	8.3 bp −$8	14.5 bp −$145	doesn't fit	doesn't fit
Sell HTX live order book, 14 min ago	2.63 bp	8.6 bp −$9	10.2 bp −$102	21.0 bp −$2,099	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	−0.0959%	4h	1,026.4	−0.212%	$1.3M	$695K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,030.5	+0.190%	$21.1M	$69.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,030.2	+0.156%	$121.8M	$548.9M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,030.2	+0.156%	$29.1M	$103.4M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,029.4	+0.083%	$293K	$386K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,029.8	+0.123%	$61.8M	$28.4M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,030.2	+0.159%	$19.8M	$41.1M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,029.6	+0.105%	$2.5M	$2.6M	—	as long as short
StandX MU-USDlong	0.0000%	1h	1,028.6	long leg	$186K	$3.6M	20x
SunX MU-USDT	0.0000%	8h	1,030.5	+0.185%	$11K	$5.3M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MU-USDTshort	0.0000%	8h	1,029.1	+0.053%	$118K	$494K	50x
Bybit MUUSDT	+0.0009%	8h	1,030.1	+0.154%	$18.7M	$32.4M	100x	as long as short
QFEX MU-USD	+0.0027%	1h	1,029.4	+0.079%	$6.9M	$18.9M	10x	as long as short
Aftermath Perps MUUSD	+0.0029%	1h	1,026.9	−0.162%	$3K	$43K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,030	+0.136%	$1.1M	$4.5M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,029	+0.043%	$539K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+2.218%	$19K	$5K	12x	as long as short
GRVT MU_USDT_Perp	+0.0040%	8h	1,026.9	−0.159%	$81K	$1.4M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,029.2	+0.058%	$89K	$234K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,029.1	+0.057%	—	$179K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,029.2	+0.063%	$166K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,029.4	+0.080%	$676K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,028.6	+0.006%	$1.9M	$3.1M	10x	as long as short
Paradex MU-USD-PERP	+0.0070%	8h	1,029.4	+0.079%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,029.1	+0.051%	$32K	$1K	10x	as long as short
Lighter MU	+0.0088%	1h	1,030.1	+0.155%	$991K	$5.0M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,029.4	+0.084%	$719K	$1.1M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,029	+0.044%	$146K	$194K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,028.9	+0.034%	$5.1M	$4.7M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,026.4	−0.211%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,029.1	+0.053%	$818	$799	20x	as long as short
tradeXYZ xyz:MU	+0.0101%	1h	1,029.9	+0.131%	$174.1M	$79.0M	10x	as long as short
Nado MU-PERP	+0.0101%	1h	1,028.5	0.000%	$263K	$815K	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,029.4	+0.080%	$1.5M	$2.3M	20x	as long as short
Bullet MU-USD	+0.0145%	1h	1,029.6	+0.102%	$25K	$388K	10x	as long as short
Phoenix MU	+0.0231%	1h	1,028.4	−0.015%	$526K	$270K	15x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0294%	1h	1,029.4	+0.080%	$72K	$631K	10x	as long as short