Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h −0.012%

Price spread now: Vest against Bybit+0.092%47s7-day average +0.635% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.011%−$1 on $10k

Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.092%, 7d avg +0.635%

Together, before fees−0.110%+ Points / potential airdropVest: Active · farm board−$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Vest is 0.543% cheaper against Bybit than usual: you would sell low and buy high (spread +0.092% now, against its 7-day average of +0.635%). If the spread goes back, that is −$54 on $10k: about 40 days of funding at the current rate (+$1 a day). The two prices were read 47 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	Bybit MUUSDT	1,044.5	0	get 0.0000% / 8h	3h 20m	$18.7M	$31.8M	100x
Short	Vest MU-USD-PERP	1,045.5	0.0046	get 0.0006% / 1h	20m 34s	—	$176K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 VestbpOrdersPrice spread, now +0.092%Rate

Funding earned: $9.59
Price spread: +0.092% → +0.635%: −$54.29
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Vest: 1 bp × 2 orders: −$2
Net: −$57.69
Costs to cover: 0.130%
Break-even: 49.1 days

Slippage unknown: Bybit: live order book, 3 min ago; Vest: no order-book sample. Net counts fees only.

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	0.19 bp	9.5 bp −$10	11.1 bp −$111	41.4 bp −$4,143	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0096%	4h	1,044	−0.052%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,044.5	+0.003%	$21.2M	$56.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,044.1	−0.043%	$123.9M	$522.4M	50x	as long as short
Bybit MUUSDTlong	0.0000%	8h	1,044.5	long leg	$18.7M	$31.8M	100x
OKX MU-USDT-SWAP	0.0000%	8h	1,044.2	−0.035%	$30.9M	$99.5M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,044.2	−0.034%	$337K	$353K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,044.2	−0.035%	$61.9M	$27.9M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,044.6	+0.004%	$20.5M	$41.6M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,045.1	+0.051%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,045.6	+0.106%	$79K	$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	1,044.2	−0.029%	$189K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,047.5	+0.285%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,044.8	+0.025%	$130K	$435K	50x	as long as short
Aftermath Perps MUUSD	+0.0023%	1h	1,045	+0.046%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,043.9	−0.064%	$7.0M	$18.0M	10x	as long as short
Lighter MU	+0.0032%	1h	1,044.3	−0.023%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,044.4	−0.013%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,043.5	−0.093%	$548K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.655%	$19K	$5K	12x	as long as short
Nado MU-PERP	+0.0038%	1h	1,044.8	+0.026%	$281K	$828K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,044.5	+0.001%	$70K	$233K	10x	as long as short
Bullet MU-USD	+0.0045%	1h	1,045.3	+0.073%	$26K	$393K	10x	as long as short
Vest MU-USD-PERPshort	+0.0046%	1h	1,045.5	+0.092%	—	$176K	25x
Deribit MU_USDC-PERPETUAL	+0.0047%	1h	1,045	+0.043%	$73K	$477K	10x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,044.2	−0.031%	$176.7M	$95.3M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,045	+0.046%	$170K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,044.7	+0.020%	$686K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,044.2	−0.033%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,044.3	−0.021%	$1.9M	$2.2M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,044.7	+0.020%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,044.4	−0.014%	$147K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,044.2	−0.034%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,044	−0.049%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,045	+0.045%	$831	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,044.8	+0.022%	$749K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,045.3	+0.073%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0305%	1h	1,044.9	+0.036%	$534K	$271K	15x	as long as short