Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.050%

Price spread now: RISEx against Bitget+0.041%48s7-day average +0.005% · 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—prices read too far apart to compare

costs, in and out, $10k−$260.257% of the position

Long on Bitget Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.010%+$1 on $10k

Price spread, last 4 days (all we have)−0.065%−$6 · spread now +0.041%, 7d avg +0.005%

Together, before fees−0.055%−$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: RISEx is 0.036% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.005%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MUUSDT	1,047.9	0	get 0.0000% / 8h	3h 48m	$20.5M	$41.3M	50x
Short	RISEx MU/USDC	1,048.3	0	get 0.0000% / 1h	48m 51s	$338K	$351K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → +0.005%: $3.56
Slippage, 4 orders: −$7.67
Fee Bitget: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$22.11
Costs to cover: 0.257%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; RISEx: 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	0.05 bp	9.0 bp −$9	12.8 bp −$128	doesn't fit	doesn't fit
Sell RISEx live order book, 4 min ago	1.48 bp	4.5 bp −$4	5.8 bp −$58	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	−0.0827%	4h	1,049.7	+0.179%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,047.9	+0.009%	$21.3M	$55.7M	20x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,047.9	+0.004%	$31.2M	$99.5M	50x	as long as short
RISEx MU/USDCshort	0.0000%	1h	1,048.3	+0.041%	$338K	$351K	20x
Gate MU_USDT	0.0000%	8h	1,047.2	−0.058%	$62.3M	$27.6M	75x	as long as short
Bitget MUUSDTlong	0.0000%	8h	1,047.9	long leg	$20.5M	$41.3M	50x
Variational Omni MU	0.0000%	8h	1,049.1	+0.116%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,049.9	+0.193%	$82K	$1.4M	10x	as long as short
StandX MU-USD	0.0000%	1h	1,048.3	+0.042%	$189K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,048.6	+0.074%	$11K	$5.8M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,047.8	−0.006%	$73K	$461K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,048.3	+0.046%	$130K	$430K	50x	as long as short
Bybit MUUSDT	+0.0002%	8h	1,047.8	−0.005%	$19.0M	$31.9M	100x	as long as short
Binance MUUSDT	+0.0005%	8h	1,047.6	−0.025%	$125.5M	$517.2M	50x	as long as short
BloFin MU-USDT	+0.0020%	8h	1,048	+0.013%	$1.5M	$2.0M	20x	as long as short
Aftermath Perps MUUSD	+0.0024%	1h	1,048.8	+0.094%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,048	+0.014%	$7.1M	$17.8M	10x	as long as short
Lighter MU	+0.0032%	1h	1,047.8	−0.008%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,047.6	−0.023%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,046.6	−0.115%	$563K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.335%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,048.9	+0.095%	$71K	$233K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,049	+0.113%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,047.3	−0.052%	$177.7M	$97.1M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,047.8	−0.005%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,047.8	−0.004%	$688K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,047.7	−0.017%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,048.2	+0.030%	$2K	—	5x	as long as short
Nado MU-PERP	+0.0059%	1h	1,047.8	−0.006%	$281K	$832K	10x	as long as short
Bullet MU-USD	+0.0065%	1h	1,048.1	+0.024%	$26K	$395K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,047.6	−0.022%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,048	+0.017%	$148K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,047.3	−0.053%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050.1	+0.212%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,048	+0.013%	$833	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,050	+0.208%	$757K	$1.2M	10x	as long as short
Phoenix MU	+0.0305%	1h	1,050.1	+0.215%	$537K	$271K	15x	as long as short