Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.009%

Price spread now: Arcus against Binance+0.069%7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on Binance Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.074%+$7 on $10k

Price spread, last 4 days (all we have)−0.128%−$13 · spread now +0.069%, 7d avg −0.047%

Together, before fees−0.054%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.117% dearer against Binance than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MUUSDT	1,048.5	0.0007	pay 0.0007% / 8h	3h 50m	$125.8M	$516.8M	50x
Short	Arcus MU-USD	1,049.2	0.0040	get 0.0005% / 1h	50m 09s	$71K	$233K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Binance. 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 BinancebpFee ArcusbpOrdersPrice spread, now +0.069%Rate

Funding earned: $6.94
Price spread: +0.069% → −0.047%: $11.66
Slippage, 4 orders: −$15.7
Fee Binance: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$11.6
Costs to cover: 0.302%
Break-even: 18.7 days

Slippage from Binance: live order book, 9 min ago; Arcus: live order book, 3 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 Binance live order book, 9 min ago	0.05 bp	5.2 bp −$5	6.4 bp −$64	16.0 bp −$1,599	doesn't fit
Sell Arcus live order book, 3 min ago	2.38 bp	10.3 bp −$10	13.6 bp −$136	doesn't fit	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	−0.0827%	4h	1,049.7	+0.120%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,048.9	+0.040%	$21.3M	$55.5M	20x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,048.5	+0.003%	$31.2M	$99.5M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,048.7	+0.021%	$339K	$351K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,048.4	−0.007%	$62.5M	$27.6M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,048.6	+0.014%	$20.5M	$41.3M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,049.1	+0.056%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,049.9	+0.133%	$82K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,049.2	+0.069%	$190K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,049.1	+0.059%	$11K	$5.8M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,048.2	−0.029%	$73K	$460K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,048.4	−0.012%	$130K	$430K	50x	as long as short
Bybit MUUSDT	+0.0002%	8h	1,048.7	+0.019%	$19.0M	$31.9M	100x	as long as short
Binance MUUSDTlong	+0.0007%	8h	1,048.5	long leg	$125.8M	$516.8M	50x
Aftermath Perps MUUSD	+0.0024%	1h	1,049.1	+0.060%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,048.4	−0.005%	$7.1M	$17.8M	10x	as long as short
Lighter MU	+0.0032%	1h	1,048.4	−0.010%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,048.5	−0.001%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,047.7	−0.069%	$563K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.275%	$19K	$5K	12x	as long as short
BloFin MU-USDT	+0.0034%	8h	1,049.6	+0.106%	$1.5M	$2.0M	20x	as long as short
Arcus MU-USDshort	+0.0040%	1h	1,049.2	+0.069%	$71K	$233K	10x
Vest MU-USD-PERP	+0.0046%	1h	1,049.6	+0.103%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,048.1	−0.036%	$177.8M	$97.1M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,048.3	−0.016%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,048.4	−0.003%	$688K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,047.7	−0.077%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,048.6	+0.016%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0063%	1h	1,048.3	−0.017%	$281K	$832K	10x	as long as short
Bullet MU-USD	+0.0069%	1h	1,048.7	+0.022%	$26K	$395K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,048.1	−0.032%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,048.4	−0.004%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,048.3	−0.020%	$5.3M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.1	+0.152%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,048.4	−0.011%	$833	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,050	+0.149%	$757K	$1.2M	10x	as long as short
Phoenix MU	+0.0305%	1h	1,050.1	+0.155%	$537K	$271K	15x	as long as short