Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.024%

Price spread now: Bitget against Extended+0.050%7-day average +0.067% · 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−$28as in the Price arb table

costs, in and out, $10k−$260.260% of the position

Long on Extended Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 7 days−0.002%$0 · spread now +0.050%, 7d avg +0.067%

Together, before fees−0.021%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.067%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MU_24_5-USD	1,036.7	0.0032	pay 0.0004% / 1h	17m 08s	$538K	$1.1M	10x
Short	Bitget MUUSDT	1,037.2	−0.0148	pay 0.0148% / 8h	2h 17m	$20.3M	$41.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Extended. 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 ExtendedbpFee BitgetbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$37.8
Price spread: +0.050% → +0.067%: −$1.76
Slippage, 4 orders: −$9.02
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$65.57
Costs to cover: 0.260%
Break-even: never at this rate

Slippage from Extended: live order book, 1 min ago; Bitget: live order book, 2 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 Extended live order book, 1 min ago	1.06 bp	6.0 bp −$6	12.2 bp −$122	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.34 bp	8.1 bp −$8	10.0 bp −$100	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 MUUSDC	−0.0720%	4h	1,036.4	−0.027%	$1.3M	$672K	10x	as long as short
Bitget MUUSDTshort	−0.0148%	8h	1,037.2	+0.050%	$20.3M	$41.2M	50x
Aster MUUSD1	0.0000%	8h	1,037.5	+0.078%	$21.1M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,036.9	+0.021%	$121.7M	$534.4M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,037	+0.027%	$18.6M	$32.1M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,036.7	+0.001%	$29.9M	$100.7M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,037.7	+0.093%	$317K	$387K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,037.2	+0.050%	$61.4M	$28.5M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,036.2	−0.052%	$2.5M	$2.5M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,037.6	+0.087%	$84K	$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	1,037.8	+0.109%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,038.4	+0.161%	$11K	$5.7M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,037	+0.030%	$73K	$522K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,037.1	+0.041%	$127K	$448K	50x	as long as short
Aftermath Perps MUUSD	+0.0015%	1h	1,036.7	−0.005%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0023%	1h	1,037.5	+0.079%	$7.0M	$18.2M	10x	as long as short
Nado MU-PERP	+0.0025%	1h	1,037.5	+0.079%	$277K	$819K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,036.9	+0.014%	$1.2M	$4.6M	10x	as long as short
Extended MU_24_5-USDlong	+0.0032%	1h	1,036.7	long leg	$538K	$1.1M	10x
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.413%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0034%	1h	1,037.4	+0.066%	$25K	$389K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,036.9	+0.019%	$70K	$231K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,037.6	+0.083%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,037.1	+0.037%	$176.4M	$91.9M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,037.1	+0.037%	$168K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,037	+0.023%	$681K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,036.9	+0.020%	$1.9M	$2.5M	10x	as long as short
Paradex MU-USD-PERP	+0.0054%	8h	1,037.7	+0.093%	$2K	—	5x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,036.8	+0.004%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,037.6	+0.082%	$147K	$189K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,037.1	+0.032%	$5.2M	$3.8M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,037.2	+0.051%	$70K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,037.3	+0.057%	$825	$799	20x	as long as short
Lighter MU	+0.0112%	1h	1,037	+0.027%	$1.0M	$5.0M	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,037	+0.023%	$1.5M	$2.0M	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0144%	1h	1,036	−0.072%	$731K	$1.3M	10x	as long as short
Phoenix MU	+0.0231%	1h	1,036.3	−0.040%	$530K	$270K	15x	as long as short