Settings8H · net · $10k
Funding arb · Price arb /

MU

RWAall MU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0129%/8h= +14.1% APRnext payment +$1.29 per $10,000 · paid last 24h +0.018%
Price spread now: Bybit against Bitget+0.038%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$280.278% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.073%−$7 on $10k
Price spread, last 7 days−0.047%−$5 · spread now +0.038%, 7d avg −0.009%
Together, before fees−0.120%−$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bybit is 0.047% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.009%. Mind the row above: over the last 7 days funding on this pair cost −0.073%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget MUUSDT1,044.30.0088pay 0.0088% / 8h1h 37m$20.4M$42.9M50x
ShortBybit MUUSDT1,044.70.0217get 0.0217% / 8h1h 37m$19.1M$32.6M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$27.13
Price spread: +0.038% → −0.009%
$4.75
Slippage, 4 orders
−$4.76
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$4.12
Costs to cover
0.278%
Break-even
5.9 days
Slippage from Bitget: live order book, 1 min ago; Bybit: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 1 min ago0.19 bp7.6 bp −$810.5 bp −$10519.7 bp −$1,973doesn't fit
Sell Bybit live order book, 1 min ago0.29 bp6.5 bp −$610.9 bp −$10928.7 bp −$2,866doesn't fit

MU on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX MUUSDC−0.0233%4h1,044−0.033%$1.3M$672K10xas long as short
Gate MU_USDT0.0000%8h1,044.3−0.008%$62.9M$28.9M75xas long as short
StandX MU-USD0.0000%1h1,043.2−0.106%$189K$3.3M20xas long as short
SunX MU-USDT0.0000%8h1,046.3+0.189%$11K$6.6M10xas long as short
HTX MU-USDT0.0000%8h1,044.1−0.022%$125K$441K50xas long as short
OKX MU-USDT-SWAP+0.0014%8h1,044.30.000%$30.7M$104.6M50xas long as short
Aftermath Perps MUUSD+0.0029%1h1,043.5−0.084%$3K$45K10xas long as short
Lighter RH MU+0.0032%1h1,044.1−0.019%$1.1M$4.2M10xas long as short
Injective MU/USDC PERP+0.0033%1h1,050.7+0.610%$14K$30212xas long as short
Vest MU-USD-PERP+0.0046%1h1,044.1−0.028%$193K25xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps MU-USD+0.0050%1h1,044−0.033%$165K$180K10xas long as short
SoDEX MU-USD+0.0050%1h1,044.4+0.004%$685K$16K10xas long as short
Ondo Perps MU-USD.P+0.0050%1h1,043.3−0.101%$2.0M$2.7M10xas long as short
Aster MUUSD1+0.0051%8h1,045+0.060%$21.5M$47.4M20xas long as short
QFEX MU-USD+0.0071%1h1,044.3−0.003%$7.8M$24.2M10xas long as short
Bitget MUUSDTlong+0.0088%8h1,044.3long leg$20.4M$42.9M50x
Pacifica MU+0.0100%1h1,044−0.036%$154K$182K10xas long as short
KuCoin MUUSDTM+0.0100%8h1,043.6−0.072%$5.2M$3.9M20xas long as short
ApeX Omni MUUSDT+0.0100%1h1,043.5−0.078%$71K$266K50xas long as short
Orderly PERP_MU_USDC_mythos+0.0100%8h1,044.4+0.005%$830$79920xas long as short
Aevo MU-PERP+0.0112%1h1,044.2−0.013%$33K10xas long as short
Variational Omni MU+0.0115%8h1,044−0.037%$2.6M$2.7Mas long as short
Paradex MU-USD-PERP+0.0124%8h1,044.2−0.013%$2K5xas long as short
Binance MUUSDT+0.0138%8h1,044.5+0.015%$124.9M$536.9M50xas long as short
Coinbase International MU-PERP-INTX+0.0184%1h1,043.9−0.039%$756K$1.4M10xas long as short
Lighter MU+0.0192%1h1,044.3−0.006%$1.0M$4.8M20xas long as short
Nado MU-PERP+0.0196%1h1,043.5−0.082%$303K$847K10xas long as short
GRVT MU_USDT_Perp+0.0199%8h1,044.1−0.018%$82K$1.4M10xas long as short
Bybit MUUSDTshort+0.0217%8h1,044.7+0.038%$19.1M$32.6M100x
Bullet MU-USD+0.0253%1h1,044.5+0.019%$26K$398K10xas long as short
BloFin MU-USDT+0.0257%8h1,044.5+0.016%$1.5M$2.1M20xas long as short
tradeXYZ xyz:MU+0.0343%1h1,044.1−0.023%$176.5M$107.0M10xas long as short
Phoenix MU+0.0383%1h1,044.2−0.013%$534K$306K15xas long as short
Arcus MU-USD+0.0435%1h1,043.8−0.055%$63K$230K10xas long as short
Deribit MU_USDC-PERPETUAL+0.0459%1h1,044.2−0.018%$61K$244K10xas long as short
RISEx MU/USDC+0.0499%1h1,044.6+0.023%$285K$333K20xas long as short
Extended MU_24_5-USD+0.0624%1h1,043.2−0.105%$541K$1.1M10xas long as short