Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.017%

Price spread now: OKX against Bybit+0.011%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

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

costs, in and out, $10k−$280.285% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 7 days−0.020%−$2 · spread now +0.011%, 7d avg −0.005%

Together, before fees−0.017%−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MUUSDT	1,038.3	0	get 0.0000% / 8h	15m 52s	$18.8M	$32.3M	100x
Short	OKX MU-USDT-SWAP	1,038.4	0	get 0.0000% / 8h	15m 52s	$29.8M	$100.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bybit. 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 BybitbpFee OKXbpOrdersPrice spread, now +0.011%Rate

Funding earned: $0
Price spread: +0.011% → −0.005%: $1.56
Slippage, 4 orders: −$7.49
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$26.93
Costs to cover: 0.285%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; OKX: live order book, 3 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 Bybit live order book, 3 min ago	0.05 bp	9.9 bp −$10	11.1 bp −$111	34.7 bp −$3,472	doesn't fit
Sell OKX live order book, 3 min ago	0.05 bp	5.3 bp −$5	6.7 bp −$67	17.4 bp −$1,737	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	−0.0241%	4h	1,038.2	−0.011%	$1.3M	$673K	10x	as long as short
Bitget MUUSDT	−0.0171%	8h	1,038.5	+0.018%	$20.2M	$40.0M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,038.4	+0.016%	$21.2M	$66.5M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,038.2	−0.008%	$122.3M	$538.4M	50x	as long as short
Bybit MUUSDTlong	0.0000%	8h	1,038.3	long leg	$18.8M	$32.3M	100x
OKX MU-USDT-SWAPshort	0.0000%	8h	1,038.4	+0.011%	$29.8M	$100.2M	50x
RISEx MU/USDC	0.0000%	1h	1,038.6	+0.032%	$313K	$384K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,038.1	−0.020%	$61.5M	$28.4M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,038	−0.027%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,038.3	+0.004%	$71K	$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	1,038.3	+0.004%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,039.8	+0.144%	$11K	$5.5M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,038	−0.029%	$74K	$617K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,037.8	−0.041%	$126K	$481K	50x	as long as short
Bullet MU-USD	+0.0008%	1h	1,038.3	+0.003%	$25K	$388K	10x	as long as short
Nado MU-PERP	+0.0015%	1h	1,038.1	−0.021%	$280K	$805K	10x	as long as short
Aftermath Perps MUUSD	+0.0018%	1h	1,037.7	−0.051%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0021%	1h	1,038.4	+0.008%	$7.0M	$18.8M	10x	as long as short
Lighter MU	+0.0032%	1h	1,038.2	−0.010%	$1.0M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,038	−0.022%	$1.1M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,037.7	−0.060%	$545K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.261%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,037.7	−0.053%	$90K	$245K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,038.4	+0.014%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,038.1	−0.016%	$176.4M	$81.4M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,038.2	−0.007%	$168K	$186K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,038	−0.031%	$681K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.4	−0.085%	$1.9M	$2.7M	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,038.4	+0.011%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,037.8	−0.046%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,038.3	+0.007%	$726K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,038.1	−0.015%	$145K	$192K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,037.9	−0.037%	$5.2M	$4.0M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,038.5	+0.017%	$70K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.2	−0.011%	$825	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,038.4	+0.008%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0232%	1h	1,038.7	+0.041%	$531K	$270K	15x	as long as short