Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against SunX−0.092%7-day average −0.146% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$780.783% of the position

Long on SunX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.041%+$4 · spread now −0.092%, 7d avg −0.146%

Together, before fees+0.041%+$4 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 0.054% dearer against SunX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.146%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MU-USDT	1,047.2	0	get 0.0000% / 8h	3h 40m	$11K	$5.8M	10x
Short	HTX MU-USDT	1,046.2	0	get 0.0000% / 8h	3h 40m	$130K	$431K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against SunX. 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 SunXbpFee HTXbpOrdersPrice spread, now −0.092%Rate

Funding earned: $0
Price spread: −0.092% → −0.146%: $5.39
Slippage, 4 orders: −$58.31
Fee SunX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$72.92
Costs to cover: 0.783%
Break-even: never at this rate

Slippage from SunX: live order book, 8 min ago; HTX: live order book, 13 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 SunX live order book, 8 min ago	21.59 bp	25.6 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 13 min ago	2.81 bp	9.2 bp −$9	9.2 bp −$92	14.0 bp −$1,402	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	−0.0697%	4h	1,047.6	+0.034%	$1.3M	$671K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,047	−0.016%	$21.3M	$56.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,046.6	−0.058%	$125.3M	$518.4M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,046.7	−0.053%	$19.0M	$32.0M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,046.3	−0.085%	$31.1M	$99.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,047.1	−0.012%	$338K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,046.6	−0.059%	$62.2M	$27.7M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,046.8	−0.043%	$20.4M	$41.3M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,047.2	+0.002%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,048.5	+0.122%	$82K	$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	1,046.9	−0.027%	$189K	$3.4M	20x	as long as short
SunX MU-USDTlong	0.0000%	8h	1,047.2	long leg	$11K	$5.8M	10x
HTX MU-USDTshort	0.0000%	8h	1,046.2	−0.092%	$130K	$431K	50x
Aftermath Perps MUUSD	+0.0024%	1h	1,047.4	+0.015%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,046.8	−0.042%	$7.1M	$17.8M	10x	as long as short
Lighter MU	+0.0032%	1h	1,046.2	−0.096%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,046.8	−0.042%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,045.5	−0.158%	$550K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.397%	$19K	$5K	12x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0037%	1h	1,046	−0.113%	$73K	$467K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,047.4	+0.016%	$71K	$233K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,047.6	+0.036%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,046.3	−0.086%	$177.3M	$97.5M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,046.5	−0.067%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,046.4	−0.074%	$687K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,047	−0.021%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,047.1	−0.012%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0053%	1h	1,046.6	−0.056%	$281K	$828K	10x	as long as short
Bullet MU-USD	+0.0064%	1h	1,046.9	−0.029%	$26K	$395K	10x	as long as short
BloFin MU-USDT	+0.0080%	8h	1,047.2	−0.004%	$1.5M	$2.0M	20x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,046.1	−0.102%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,046.9	−0.028%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,046.6	−0.060%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,047.5	+0.032%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,046.3	−0.091%	$832	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,050	+0.270%	$757K	$1.2M	10x	as long as short
Phoenix MU	+0.0305%	1h	1,048.1	+0.086%	$536K	$271K	15x	as long as short