Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.029%

Price spread now: Coinbase International against Binance−0.014%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.200%+$20 on $10k

Price spread, last 4 days (all we have)−0.064%−$6 · spread now −0.014%, 7d avg −0.020%

Together, before fees+0.136%+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.020%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MUUSDT	1,047.3	0	get 0.0000% / 8h	3h 28m	$124.8M	$521.1M	50x
Short	Coinbase International MU-PERP-INTX	1,047.1	0.0120	get 0.0015% / 1h	28m 32s	$751K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.014%Rate

Funding earned: $25.2
Price spread: −0.014% → −0.020%: $0.53
Slippage, 4 orders: −$8.79
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$3.07
Costs to cover: 0.288%
Break-even: 7.9 days

Slippage from Binance: live order book, 15 min ago; Coinbase International: live order book, 5 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, 15 min ago	0.05 bp	5.7 bp −$6	6.8 bp −$68	12.8 bp −$1,277	doesn't fit
Sell Coinbase International live order book, 5 min ago	3.73 bp	8.8 bp −$9	9.3 bp −$93	55.0 bp −$5,495	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	−0.0218%	4h	1,046.3	−0.086%	$1.3M	$673K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,047.4	+0.018%	$21.3M	$56.5M	20x	as long as short
Binance MUUSDTlong	0.0000%	8h	1,047.3	long leg	$124.8M	$521.1M	50x
Bybit MUUSDT	0.0000%	8h	1,047.5	+0.024%	$18.8M	$31.8M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,047.2	−0.002%	$31.1M	$99.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,047.4	+0.016%	$338K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,046.9	−0.031%	$62.2M	$27.8M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,047.2	−0.001%	$20.5M	$41.5M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,046.8	−0.048%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,046.8	−0.042%	$79K	$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	1,046.3	−0.092%	$189K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,046.8	−0.040%	$11K	$5.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,046.4	−0.078%	$73K	$474K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,046.5	−0.074%	$130K	$432K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,046.1	−0.107%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,047	−0.029%	$7.1M	$17.9M	10x	as long as short
Lighter MU	+0.0032%	1h	1,047.1	−0.014%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,047	−0.021%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,046.6	−0.060%	$549K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.392%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,046.3	−0.087%	$71K	$233K	10x	as long as short
Nado MU-PERP	+0.0044%	1h	1,046.6	−0.060%	$281K	$828K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,047.8	+0.056%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,047	−0.024%	$177.2M	$96.6M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,047	−0.024%	$170K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,046.7	−0.053%	$687K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,047.2	−0.001%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,046.1	−0.115%	$1.9M	$2.2M	10x	as long as short
Bullet MU-USD	+0.0055%	1h	1,047.3	+0.005%	$26K	$394K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,046.2	−0.103%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,046.8	−0.041%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,046.7	−0.054%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,046.6	−0.067%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,046.5	−0.068%	$832	$799	20x	as long as short
Coinbase International MU-PERP-INTXshort	+0.0120%	1h	1,047.1	−0.014%	$751K	$1.2M	10x
BloFin MU-USDT	+0.0120%	8h	1,046.9	−0.037%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0305%	1h	1,046	−0.119%	$535K	$271K	15x	as long as short