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 +0.006%

Price spread now: Bullet against Binance+0.004%7-day average +0.017% · 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−$25as in the Price arb table

costs, in and out, $10k−$240.241% of the position

Long on Binance Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.064%+$6 on $10k

Price spread, last 4 days (all we have)−0.203%−$20 · spread now +0.004%, 7d avg +0.017%

Together, before fees−0.139%−$14 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MUUSDT	1,038.8	0	get 0.0000% / 8h	1h 56m	$121.9M	$536.6M	50x
Short	Bullet MU-USD	1,038.9	0	get 0.0000% / 1h	56m 17s	$26K	$390K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now +0.004%Rate

Funding earned: $0
Price spread: +0.004% → +0.017%: −$1.29
Slippage, 4 orders: −$6.07
Fee Binance: 5 bp × 2 orders: −$10
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$25.36
Costs to cover: 0.241%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; Bullet: live order book, 53 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, 3 min ago	0.05 bp	5.2 bp −$5	6.9 bp −$69	15.9 bp −$1,589	doesn't fit
Sell Bullet live order book, 53 min ago	0.96 bp	6.6 bp −$7	21.3 bp −$213	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	−0.0729%	4h	1,040.3	+0.139%	$1.3M	$671K	10x	as long as short
Bitget MUUSDT	−0.0065%	8h	1,039.5	+0.068%	$20.3M	$41.3M	50x	as long as short
Nado MU-PERP	−0.0024%	1h	1,038.9	+0.011%	$277K	$817K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,039.1	+0.027%	$21.2M	$57.3M	20x	as long as short
Binance MUUSDTlong	0.0000%	8h	1,038.8	long leg	$121.9M	$536.6M	50x
Bybit MUUSDT	0.0000%	8h	1,039	+0.018%	$18.6M	$32.2M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,038.9	+0.004%	$29.9M	$101.5M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,039.4	+0.054%	$316K	$384K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,038.9	+0.010%	$61.5M	$28.2M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,040.8	+0.185%	$2.5M	$2.6M	—	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MU_USDT_Perp	0.0000%	8h	1,041	+0.207%	$84K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,041.3	+0.242%	$188K	$3.5M	20x	as long as short
Bullet MU-USDshort	0.0000%	1h	1,038.9	+0.004%	$26K	$390K	10x
SunX MU-USDT	0.0000%	8h	1,040.9	+0.201%	$11K	$5.6M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,038.8	−0.002%	$128K	$441K	50x	as long as short
Aftermath Perps MUUSD	+0.0018%	1h	1,039.7	+0.088%	$3K	$44K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,039.6	+0.072%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,038.5	−0.031%	$544K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,039.2	+0.035%	$7.0M	$18.4M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.206%	$19K	$5K	12x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0039%	1h	1,038.6	−0.025%	$74K	$540K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,039.7	+0.088%	$70K	$231K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,039.5	+0.062%	—	$175K	25x	as long as short
Lighter MU	+0.0048%	1h	1,039.7	+0.080%	$1.1M	$4.9M	20x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,038.5	−0.031%	$176.6M	$90.9M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,038.6	−0.022%	$169K	$196K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,038.9	+0.009%	$682K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,038.9	+0.005%	$1.8M	$2.5M	10x	as long as short
Paradex MU-USD-PERP	+0.0053%	8h	1,039.2	+0.040%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,038.5	−0.031%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,039.2	+0.032%	$147K	$190K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,039	+0.019%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,040.6	+0.169%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.7	−0.010%	$826	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0104%	1h	1,036	−0.275%	$731K	$1.3M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,039.6	+0.078%	$1.4M	$2.1M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,040.7	+0.180%	$532K	$270K	15x	as long as short