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 −0.003%

Price spread now: Bybit against Binance+0.005%7-day average −0.001% · 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−$26as in the Price arb table

costs, in and out, $10k−$270.266% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 7 days+0.002%$0 · spread now +0.005%, 7d avg −0.001%

Together, before fees−0.038%−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MUUSDT	1,036.5	0	get 0.0000% / 8h	1h 34m	$121.4M	$537.3M	50x
Short	Bybit MUUSDT	1,036.6	0	get 0.0000% / 8h	1h 34m	$18.5M	$32.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.005%Rate

Funding earned: $0
Price spread: +0.005% → −0.001%: $0.57
Slippage, 4 orders: −$5.57
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$26
Costs to cover: 0.266%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Bybit: live order book, 4 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, 10 min ago	0.05 bp	5.9 bp −$6	7.5 bp −$75	17.4 bp −$1,742	doesn't fit
Sell Bybit live order book, 4 min ago	1.06 bp	7.5 bp −$8	12.7 bp −$127	32.3 bp −$3,226	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	−0.0833%	4h	1,036.3	−0.022%	$1.3M	$672K	10x	as long as short
Bitget MUUSDT	−0.0208%	8h	1,036.4	−0.014%	$20.2M	$40.4M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,036.6	+0.010%	$21.1M	$58.7M	20x	as long as short
Binance MUUSDTlong	0.0000%	8h	1,036.5	long leg	$121.4M	$537.3M	50x
Bybit MUUSDTshort	0.0000%	8h	1,036.6	+0.005%	$18.5M	$32.2M	100x
OKX MU-USDT-SWAP	0.0000%	8h	1,036.4	−0.011%	$29.8M	$99.9M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,036.2	−0.031%	$315K	$386K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,036	−0.050%	$61.7M	$28.5M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,036.2	−0.033%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,036.4	−0.011%	$73K	$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	1,036.1	−0.042%	$187K	$3.5M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,036.1	−0.038%	$26K	$389K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,037.3	+0.081%	$11K	$5.6M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,036	−0.051%	$74K	$558K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,035.9	−0.061%	$127K	$441K	50x	as long as short
Nado MU-PERP	+0.0004%	1h	1,035.8	−0.072%	$277K	$815K	10x	as long as short
Aftermath Perps MUUSD	+0.0016%	1h	1,035.9	−0.059%	$3K	$44K	10x	as long as short
Lighter MU	+0.0032%	1h	1,036.4	−0.013%	$1.1M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,036.4	−0.006%	$1.2M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,035.7	−0.077%	$540K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,035.9	−0.061%	$7.0M	$18.6M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.434%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,036	−0.048%	$70K	$230K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,035.9	−0.054%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,035.9	−0.058%	$176.0M	$88.0M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,035.8	−0.067%	$168K	$195K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,036.1	−0.035%	$680K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,035.9	−0.061%	$1.8M	$2.6M	10x	as long as short
Paradex MU-USD-PERP	+0.0052%	8h	1,036.2	−0.033%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,035.8	−0.071%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,035.9	−0.060%	$147K	$190K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,036	−0.051%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,036.6	+0.005%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,036.1	−0.043%	$824	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0104%	1h	1,036	−0.046%	$731K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,036.2	−0.029%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,035.9	−0.058%	$530K	$270K	15x	as long as short