Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h +0.016%

Price spread now: Bullet against Bitget+0.048%7-day average +0.008% · 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−$24as in the Price arb table

costs, in and out, $10k−$280.278% of the position

Long on Bitget Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.094%+$9 on $10k

Price spread, last 4 days (all we have)−0.058%−$6 · spread now +0.048%, 7d avg +0.008%

Together, before fees+0.036%+$4 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 Bullet is 0.040% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MUUSDT	1,041.1	0	get 0.0000% / 8h	3h 02m	$20.4M	$41.7M	50x
Short	Bullet MU-USD	1,041.6	0.0038	get 0.0005% / 1h	2m 01s	$25K	$392K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Bitget. 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 BitgetbpFee BulletbpOrdersPrice spread, now +0.048%Rate

Funding earned: $7.97
Price spread: +0.048% → +0.008%: $4.01
Slippage, 4 orders: −$7.81
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$15.83
Costs to cover: 0.278%
Break-even: 20.9 days

Slippage from Bitget: live order book, 2 min ago; Bullet: live order book, 52 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 Bitget live order book, 2 min ago	0.05 bp	7.5 bp −$7	10.7 bp −$107	doesn't fit	doesn't fit
Sell Bullet live order book, 52 min ago	0.48 bp	6.2 bp −$6	20.5 bp −$205	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	−0.0412%	4h	1,042.8	+0.164%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,040.6	−0.047%	$21.1M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,040.1	−0.095%	$123.1M	$526.0M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,039.9	−0.110%	$18.5M	$32.0M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,039.7	−0.131%	$30.6M	$99.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,041.7	+0.065%	$336K	$354K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,041	−0.011%	$61.8M	$28.1M	75x	as long as short
Bitget MUUSDTlong	0.0000%	8h	1,041.1	long leg	$20.4M	$41.7M	50x
Variational Omni MU	0.0000%	8h	1,043.3	+0.215%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,043	+0.189%	$83K	$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	1,042.8	+0.164%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,043	+0.186%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,040.9	−0.012%	$129K	$435K	50x	as long as short
Aftermath Perps MUUSD	+0.0023%	1h	1,042.1	+0.104%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,041.5	+0.038%	$7.0M	$18.0M	10x	as long as short
Lighter MU	+0.0032%	1h	1,040.7	−0.037%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,040.3	−0.074%	$1.3M	$4.5M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,040.4	−0.064%	$553K	$1.1M	10x	as long as short
Nado MU-PERP	+0.0032%	1h	1,041.2	+0.014%	$280K	$823K	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.989%	$19K	$5K	12x	as long as short
Bullet MU-USDshort	+0.0038%	1h	1,041.6	+0.048%	$25K	$392K	10x
Arcus MU-USD	+0.0040%	1h	1,042.2	+0.109%	$70K	$232K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,041.7	+0.060%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,040	−0.102%	$176.8M	$95.0M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,041.2	+0.013%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,040.9	−0.013%	$683K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,041.7	+0.062%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,040.7	−0.037%	$1.9M	$2.3M	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0067%	1h	1,040.7	−0.036%	$73K	$493K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,040.7	−0.031%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,041.5	+0.043%	$147K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,040.8	−0.024%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,042.3	+0.117%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,040.8	−0.023%	$827	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,044.6	+0.340%	$749K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,041.8	+0.071%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0305%	1h	1,043.1	+0.196%	$534K	$271K	15x	as long as short