Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0415%/8h= +45.5% APRpaid last 24h −0.058%

Price spread now: Bitget against edgeX−0.080%7-day average +0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$250.254% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.669%−$67 on $10k

Price spread, last 7 days+0.102%+$10 · spread now −0.080%, 7d avg +0.045%

Together, before fees−0.566%+ Points / potential airdropedgeX: Active · farm board−$57 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.125% cheaper against edgeX than usual: you would sell low and buy high (spread −0.080% now, against its 7-day average of +0.045%). If the spread goes back, that is −$13 on $10k: about 24 hours of funding at the current rate (+$12 a day). Mind the row above: over the last 7 days funding on this pair cost −0.669%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MUUSDC	1,045.6	−0.0297	get 0.0149% / 4h	3h 59m	$1.3M	$674K	10x
Short	Bitget MUUSDT	1,044.8	0.0118	get 0.0118% / 8h	7h 59m	$20.5M	$41.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against edgeX. 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 edgeXbpFee BitgetbpOrdersPrice spread, now −0.080%Rate

Funding earned: $87.22
Price spread: −0.080% → +0.045%: −$12.52
Slippage, 4 orders: −$4.39
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: $49.32
Costs to cover: 0.254%
Break-even: 3.0 days

Slippage from edgeX: live order book, 5 min ago; Bitget: live order book, 10 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 edgeX live order book, 5 min ago	0.29 bp	4.9 bp −$5	6.8 bp −$68	29.9 bp −$2,985	doesn't fit
Sell Bitget live order book, 10 min ago	0.05 bp	7.8 bp −$8	9.5 bp −$95	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 MUUSDClong	−0.0297%	4h	1,045.6	long leg	$1.3M	$674K	10x
Bybit MUUSDT	0.0000%	8h	1,045.3	−0.030%	$19.2M	$32.2M	100x	as long as short
Gate MU_USDT	0.0000%	8h	1,045.2	−0.046%	$63.0M	$28.3M	75x	as long as short
StandX MU-USD	0.0000%	1h	1,044.5	−0.106%	$189K	$3.3M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,044.5	−0.110%	$25K	$394K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,046.3	+0.057%	$11K	$6.5M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,044.8	−0.080%	$62K	$291K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,045.2	−0.043%	$129K	$427K	50x	as long as short
Lighter MU	+0.0024%	1h	1,045	−0.065%	$1.0M	$4.7M	20x	as long as short
Aftermath Perps MUUSD	+0.0027%	1h	1,044.8	−0.085%	$3K	$45K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH MU	+0.0032%	1h	1,045	−0.064%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.484%	$14K	$251	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,044.7	−0.096%	—	$194K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,044.7	−0.091%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,045	−0.064%	$686K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,043.6	−0.196%	$2.0M	$2.7M	10x	as long as short
OKX MU-USDT-SWAP	+0.0076%	8h	1,045.1	−0.052%	$30.8M	$102.1M	50x	as long as short
QFEX MU-USD	+0.0080%	1h	1,044.6	−0.104%	$7.9M	$23.8M	10x	as long as short
tradeXYZ xyz:MU	+0.0081%	1h	1,045.1	−0.053%	$177.0M	$105.0M	10x	as long as short
Nado MU-PERP	+0.0096%	1h	1,044.5	−0.113%	$271K	$872K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,044.8	−0.079%	$153K	$180K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,044.9	−0.073%	$5.2M	$3.9M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.8	+0.017%	$71K	$266K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,044.9	−0.075%	$831	$799	20x	as long as short
Paradex MU-USD-PERP	+0.0103%	8h	1,045.4	−0.023%	$2K	—	5x	as long as short
Bitget MUUSDTshort	+0.0118%	8h	1,044.8	−0.080%	$20.5M	$41.9M	50x
Aevo MU-PERP	+0.0128%	1h	1,044.4	−0.123%	$33K	—	10x	as long as short
Variational Omni MU	+0.0166%	8h	1,045.6	−0.004%	$2.7M	$2.5M	—	as long as short
Aster MUUSD1	+0.0171%	8h	1,045.8	+0.012%	$21.5M	$47.6M	20x	as long as short
Binance MUUSDT	+0.0183%	8h	1,045.3	−0.031%	$124.3M	$531.6M	50x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,044.9	−0.068%	$757K	$1.3M	10x	as long as short
GRVT MU_USDT_Perp	+0.0204%	8h	1,045.8	+0.012%	$82K	$1.4M	10x	as long as short
BloFin MU-USDT	+0.0303%	8h	1,045.5	−0.019%	$1.5M	$2.0M	20x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,045.3	−0.029%	$314K	$337K	20x	as long as short
Extended MU_24_5-USD	+0.0336%	1h	1,044.4	−0.124%	$550K	$1.1M	10x	as long as short
Phoenix MU	+0.0460%	1h	1,046	+0.034%	$535K	$306K	15x	as long as short
Arcus MU-USD	+0.0462%	1h	1,045.2	−0.043%	$70K	$243K	10x	as long as short