Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.020%

Price spread now: Bybit against Extended−0.047%7-day average +0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

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

costs, in and out, $10k−$280.278% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 7 days+0.064%+$6 · spread now −0.047%, 7d avg +0.059%

Together, before fees−0.002%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.105% cheaper against Extended than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.059%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MU_24_5-USD	1,040.4	0.0032	pay 0.0004% / 1h	2m 01s	$553K	$1.1M	10x
Short	Bybit MUUSDT	1,039.9	0	get 0.0000% / 8h	3h 02m	$18.5M	$32.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$6.72
Price spread: −0.047% → +0.059%: −$10.53
Slippage, 4 orders: −$11.82
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$45.07
Costs to cover: 0.278%
Break-even: never at this rate

Slippage from Extended: live order book, 1 min ago; Bybit: 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	0.19 bp	3.1 bp −$3	10.2 bp −$102	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.05 bp	6.8 bp −$7	10.9 bp −$109	29.3 bp −$2,932	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	−0.0412%	4h	1,042.8	+0.228%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,040.6	+0.016%	$21.1M	$57.2M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,040.1	−0.031%	$123.1M	$526.0M	50x	as long as short
Bybit MUUSDTshort	0.0000%	8h	1,039.9	−0.047%	$18.5M	$32.0M	100x
OKX MU-USDT-SWAP	0.0000%	8h	1,039.7	−0.067%	$30.6M	$99.6M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,041.7	+0.129%	$336K	$354K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,041	+0.053%	$61.8M	$28.1M	75x	as long as short
Bitget MUUSDT	0.0000%	8h	1,041.1	+0.064%	$20.4M	$41.7M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,043.3	+0.279%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,043	+0.253%	$83K	$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	1,042.8	+0.228%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,043	+0.250%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,040.9	+0.052%	$129K	$435K	50x	as long as short
Aftermath Perps MUUSD	+0.0023%	1h	1,042.1	+0.168%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,041.5	+0.102%	$7.0M	$18.0M	10x	as long as short
Lighter MU	+0.0032%	1h	1,040.7	+0.026%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,040.3	−0.010%	$1.3M	$4.5M	10x	as long as short
Extended MU_24_5-USDlong	+0.0032%	1h	1,040.4	long leg	$553K	$1.1M	10x
Nado MU-PERP	+0.0032%	1h	1,041.2	+0.078%	$280K	$823K	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.054%	$19K	$5K	12x	as long as short
Bullet MU-USD	+0.0038%	1h	1,041.6	+0.112%	$25K	$392K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,042.2	+0.173%	$70K	$232K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,041.7	+0.124%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,040	−0.038%	$176.8M	$95.0M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,041.2	+0.077%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,040.9	+0.050%	$683K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,041.7	+0.126%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,040.7	+0.027%	$1.9M	$2.3M	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0067%	1h	1,040.7	+0.028%	$73K	$493K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,040.7	+0.033%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,041.5	+0.107%	$147K	$185K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,040.8	+0.040%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,042.3	+0.181%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,040.8	+0.041%	$827	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,044.6	+0.404%	$749K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,041.8	+0.135%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0305%	1h	1,043.1	+0.260%	$534K	$271K	15x	as long as short