Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: tradeXYZ against Bybit−0.032%7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$350.354% of the position

Long on Bybit Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 7 days−0.020%−$2 · spread now −0.032%, 7d avg −0.074%

Together, before fees+0.064%+ Points / potential airdroptradeXYZ: Active · farm board+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.042% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MUUSDT	1,038	0	get 0.0000% / 8h	47m 24s	$18.7M	$32.2M	100x
Short	tradeXYZ xyz:MU	1,037.7	0.0050	get 0.0006% / 1h	47m 24s	$176.4M	$84.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.032%Rate

Funding earned: $10.5
Price spread: −0.032% → −0.074%: $4.21
Slippage, 4 orders: −$6.37
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$20.65
Costs to cover: 0.354%
Break-even: 20.8 days

Slippage from Bybit: live order book, 1 min ago; tradeXYZ: live order book, 12 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, 1 min ago	1.01 bp	7.1 bp −$7	11.0 bp −$110	30.8 bp −$3,085	doesn't fit
Sell tradeXYZ live order book, 12 min ago	0.48 bp	11.5 bp −$12	12.9 bp −$129	17.6 bp −$1,757	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	−0.0547%	4h	1,036.2	−0.177%	$1.3M	$673K	10x	as long as short
Bitget MUUSDT	−0.0214%	8h	1,038.1	+0.008%	$20.2M	$40.1M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,038.1	+0.012%	$21.1M	$64.9M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,038.2	+0.012%	$122.2M	$538.3M	50x	as long as short
Bybit MUUSDTlong	0.0000%	8h	1,038	long leg	$18.7M	$32.2M	100x
OKX MU-USDT-SWAP	0.0000%	8h	1,038	−0.003%	$29.8M	$100.1M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,038.1	+0.003%	$313K	$385K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,038	−0.006%	$61.5M	$28.2M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,036.2	−0.173%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,036.4	−0.156%	$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	1,037.6	−0.038%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,039.3	+0.123%	$11K	$5.6M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,037.2	−0.084%	$74K	$595K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,037.3	−0.072%	$128K	$461K	50x	as long as short
Aftermath Perps MUUSD	+0.0016%	1h	1,036.3	−0.171%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0021%	1h	1,037.6	−0.041%	$7.0M	$18.8M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,037.6	−0.045%	$1.1M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,037.3	−0.068%	$546K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.284%	$19K	$5K	12x	as long as short
Nado MU-PERP	+0.0034%	1h	1,037.6	−0.041%	$279K	$808K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,036.6	−0.138%	$90K	$244K	10x	as long as short
Bullet MU-USD	+0.0041%	1h	1,038.1	+0.005%	$25K	$389K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,037.7	−0.036%	—	$175K	25x	as long as short
tradeXYZ xyz:MUshort	+0.0050%	1h	1,037.7	−0.032%	$176.4M	$84.0M	10x
Polymarket Perps MU-USD	+0.0050%	1h	1,037.8	−0.022%	$168K	$195K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,037.4	−0.059%	$681K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,035.7	−0.229%	$1.8M	$2.7M	10x	as long as short
Paradex MU-USD-PERP	+0.0051%	8h	1,037.6	−0.044%	$2K	—	5x	as long as short
Lighter MU	+0.0080%	1h	1,037.7	−0.033%	$1.0M	$4.9M	20x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,037.1	−0.092%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,037.2	−0.079%	$725K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,037.3	−0.071%	$147K	$188K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,037.5	−0.052%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,038.5	+0.042%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.1	+0.007%	$825	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,037.8	−0.025%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0232%	1h	1,037.8	−0.022%	$531K	$270K	15x	as long as short