Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0542%/8h= +59.3% APRpaid last 24h +0.047%

Price spread now: Extended against Bitget−0.102%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$210.211% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now −0.102%, 7d avg −0.046%

Together, before fees−0.048%+ Points / potential airdropExtended: Active · farm board−$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.057% cheaper against Bitget than usual: you would sell low and buy high (spread −0.102% now, against its 7-day average of −0.046%). If the spread goes back, that is −$6 on $10k: about 8 hours of funding at the current rate (+$16 a day).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.023% in total (about -1.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MUUSDT	1,044.1	0.0090	pay 0.0090% / 8h	1h 34m	$20.4M	$43.0M	50x
Short	Extended MU_24_5-USD	1,043	0.0632	get 0.0079% / 1h	34m 00s	$541K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.102%Rate

Funding earned: $113.82
Price spread: −0.102% → −0.046%: −$5.66
Slippage, 4 orders: −$4.08
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $87.08
Costs to cover: 0.211%
Break-even: 1.6 days

Slippage from Bitget: live order book, 5 min ago; Extended: 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 Bitget live order book, 5 min ago	0.19 bp	7.6 bp −$8	10.5 bp −$105	19.7 bp −$1,973	doesn't fit
Sell Extended live order book, 4 min ago	0.05 bp	2.6 bp −$3	8.7 bp −$87	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	−0.0266%	4h	1,044.4	+0.028%	$1.3M	$673K	10x	as long as short
Gate MU_USDT	0.0000%	8h	1,044.3	+0.025%	$62.9M	$29.0M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,043.2	−0.082%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,046.6	+0.238%	$11K	$6.6M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,043.9	−0.014%	$125K	$441K	50x	as long as short
OKX MU-USDT-SWAP	+0.0019%	8h	1,044.1	0.000%	$30.9M	$104.8M	50x	as long as short
Aftermath Perps MUUSD	+0.0030%	1h	1,043.7	−0.037%	$3K	$45K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,044.1	+0.001%	$1.2M	$4.2M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.636%	$14K	$302	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,043.9	−0.020%	—	$193K	25x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MU-USD	+0.0050%	1h	1,043.9	−0.016%	$165K	$180K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,044.4	+0.028%	$685K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,043.2	−0.085%	$2.0M	$2.7M	10x	as long as short
Aster MUUSD1	+0.0061%	8h	1,044.8	+0.069%	$21.5M	$47.4M	20x	as long as short
QFEX MU-USD	+0.0071%	1h	1,044.2	+0.010%	$7.8M	$24.2M	10x	as long as short
Bitget MUUSDTlong	+0.0090%	8h	1,044.1	long leg	$20.4M	$43.0M	50x
Pacifica MU	+0.0100%	1h	1,043.6	−0.050%	$154K	$182K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,043.1	−0.091%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,044.9	+0.076%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,044.3	+0.026%	$830	$799	20x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,044.2	+0.014%	$33K	—	10x	as long as short
Variational Omni MU	+0.0122%	8h	1,044.2	+0.016%	$2.6M	$2.7M	—	as long as short
Paradex MU-USD-PERP	+0.0127%	8h	1,044.2	+0.008%	$2K	—	5x	as long as short
Binance MUUSDT	+0.0143%	8h	1,044.3	+0.026%	$124.9M	$536.8M	50x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,043.9	−0.019%	$756K	$1.4M	10x	as long as short
Lighter MU	+0.0192%	1h	1,044.2	+0.013%	$1.0M	$4.8M	20x	as long as short
Nado MU-PERP	+0.0200%	1h	1,043.4	−0.063%	$303K	$846K	10x	as long as short
GRVT MU_USDT_Perp	+0.0204%	8h	1,044.4	+0.033%	$82K	$1.4M	10x	as long as short
Bybit MUUSDT	+0.0224%	8h	1,044.3	+0.021%	$19.1M	$32.6M	100x	as long as short
Bullet MU-USD	+0.0258%	1h	1,044.4	+0.033%	$26K	$398K	10x	as long as short
BloFin MU-USDT	+0.0262%	8h	1,044.4	+0.030%	$1.5M	$2.0M	20x	as long as short
tradeXYZ xyz:MU	+0.0339%	1h	1,043.6	−0.045%	$176.4M	$107.0M	10x	as long as short
Phoenix MU	+0.0383%	1h	1,044.5	+0.041%	$534K	$306K	15x	as long as short
Arcus MU-USD	+0.0435%	1h	1,043.8	−0.027%	$63K	$230K	10x	as long as short
RISEx MU/USDC	+0.0499%	1h	1,044.6	+0.055%	$285K	$333K	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0517%	1h	1,044.1	+0.006%	$61K	$246K	10x	as long as short
Extended MU_24_5-USDshort	+0.0632%	1h	1,043	−0.102%	$541K	$1.1M	10x