Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0171%/8h= +18.7% APRpaid last 24h +0.072%

Price spread now: Gate against edgeX−0.087%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$320.323% of the position

Long on edgeX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.755%−$75 on $10k

Price spread, last 7 days+0.104%+$10 · spread now −0.087%, 7d avg +0.007%

Together, before fees−0.651%+ Points / potential airdropedgeX: Active · farm board−$65 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.094% cheaper against edgeX than usual: you would sell low and buy high (spread −0.087% now, against its 7-day average of +0.007%). If the spread goes back, that is −$9 on $10k: about 44 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.755%, 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	1,038.9	−0.0171	get 0.0085% / 4h	51m 28s	$1.3M	$695K	10x
Short	Gate MU_USDT	1,038	0	get 0.0000% / 8h	4h 51m	$61.3M	$27.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.087%Rate

Funding earned: $35.9
Price spread: −0.087% → +0.007%: −$9.36
Slippage, 4 orders: −$8.25
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$5.72
Costs to cover: 0.323%
Break-even: 8.1 days

Slippage from edgeX: live order book, just now; Gate: live order book, 6 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, just now	0.29 bp	4.9 bp −$5	6.5 bp −$65	29.0 bp −$2,901	doesn't fit
Sell Gate live order book, 6 min ago	0.67 bp	10.5 bp −$11	15.2 bp −$152	32.4 bp −$3,236	55.0 bp −$27.5K

MU on 37 exchanges

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	−0.0171%	4h	1,038.9	long leg	$1.3M	$695K	10x
Aster MUUSD1	0.0000%	8h	1,038.7	−0.022%	$21.2M	$73.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,038.3	−0.058%	$121.9M	$554.1M	50x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,038.2	−0.071%	$29.8M	$106.7M	50x	as long as short
Gate MU_USDTshort	0.0000%	8h	1,038	−0.087%	$61.3M	$27.4M	75x
Bitget MUUSDT	0.0000%	8h	1,038.2	−0.066%	$19.8M	$43.6M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,038.8	−0.012%	$2.6M	$2.5M	—	as long as short
StandX MU-USD	0.0000%	1h	1,038.5	−0.044%	$188K	$3.7M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,040.4	+0.140%	$11K	$4.9M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,038.4	−0.049%	$119K	$472K	50x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MU_USDC-PERPETUAL	+0.0030%	1h	1,037.8	−0.111%	$32K	$734K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,038	−0.087%	$1.2M	$4.4M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.198%	$19K	$5K	12x	as long as short
Aftermath Perps MUUSD	+0.0038%	1h	1,038.3	−0.062%	$3K	$41K	10x	as long as short
RISEx MU/USDC	+0.0045%	1h	1,038.4	−0.049%	$298K	$333K	20x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,038.9	−0.001%	—	$177K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,038	−0.088%	$169K	$163K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,038.3	−0.062%	$683K	$14K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.3	−0.155%	$1.9M	$3.2M	10x	as long as short
QFEX MU-USD	+0.0059%	1h	1,038	−0.091%	$7.0M	$19.4M	10x	as long as short
Paradex MU-USD-PERP	+0.0078%	8h	1,038.1	−0.075%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,038	−0.083%	$32K	$1K	10x	as long as short
Bybit MUUSDT	+0.0085%	8h	1,038.4	−0.054%	$18.8M	$32.2M	100x	as long as short
Pacifica MU	+0.0100%	1h	1,037.7	−0.115%	$151K	$227K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,037.9	−0.099%	$5.2M	$6.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,038.4	−0.053%	$70K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.1	−0.079%	$825	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,038.5	−0.043%	$1.5M	$2.7M	20x	as long as short
Nado MU-PERP	+0.0134%	1h	1,037.8	−0.110%	$275K	$834K	10x	as long as short
Lighter MU	+0.0136%	1h	1,038.1	−0.080%	$1.0M	$4.9M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0136%	1h	1,037.9	−0.099%	$727K	$1.2M	10x	as long as short
GRVT MU_USDT_Perp	+0.0156%	8h	1,039.1	+0.023%	$72K	$1.4M	10x	as long as short
Arcus MU-USD	+0.0186%	1h	1,037.6	−0.123%	$90K	$159K	10x	as long as short
Bullet MU-USD	+0.0238%	1h	1,038.5	−0.036%	$25K	$383K	10x	as long as short
Extended MU_24_5-USD	+0.0256%	1h	1,037.6	−0.124%	$551K	$1.1M	10x	as long as short
tradeXYZ xyz:MU	+0.0257%	1h	1,038	−0.088%	$177.5M	$74.5M	10x	as long as short
Phoenix MU	+0.0461%	1h	1,038.6	−0.030%	$532K	$159K	15x	as long as short