Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0226%/8h= +24.8% APRpaid last 24h +0.024%

Price spread now: Arcus against Gate−0.006%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$360.355% of the position

Long on Gate Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.126%+$13 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now −0.006%, 7d avg −0.016%

Together, before fees+0.065%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MU_USDT	1,044.2	0	get 0.0000% / 8h	2h 24m	$63.0M	$28.9M	75x
Short	Arcus MU-USD	1,044.2	0.0226	get 0.0028% / 1h	24m 33s	$63K	$236K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Gate. 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 GatebpFee ArcusbpOrdersPrice spread, now −0.006%Rate

Funding earned: $47.48
Price spread: −0.006% → −0.016%: $0.98
Slippage, 4 orders: −$16.02
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $12.95
Costs to cover: 0.355%
Break-even: 5.1 days

Slippage from Gate: live order book, 4 min ago; Arcus: live order book, 63 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 Gate live order book, 4 min ago	0.05 bp	10.2 bp −$10	16.5 bp −$165	38.2 bp −$3,822	71.7 bp −$35.9K
Sell Arcus live order book, 63 min ago	2.69 bp	6.8 bp −$7	7.8 bp −$78	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	−0.0044%	4h	1,044.1	−0.008%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,044.6	+0.039%	$21.5M	$43.8M	20x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,044.1	−0.008%	$30.7M	$104.3M	50x	as long as short
Gate MU_USDTlong	0.0000%	8h	1,044.2	long leg	$63.0M	$28.9M	75x
StandX MU-USD	0.0000%	1h	1,043	−0.113%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,046.2	+0.192%	$11K	$6.7M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,043.8	−0.036%	$125K	$443K	50x	as long as short
Aftermath Perps MUUSD	+0.0023%	1h	1,043.7	−0.053%	$3K	$44K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,044	−0.020%	$1.1M	$4.3M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.622%	$14K	$302	12x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest MU-USD-PERP	+0.0046%	1h	1,044	−0.021%	—	$193K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,043.8	−0.039%	$165K	$176K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,043.3	−0.089%	$2.0M	$2.7M	10x	as long as short
Variational Omni MU	+0.0053%	8h	1,044.3	+0.007%	$2.7M	$2.7M	—	as long as short
SoDEX MU-USD	+0.0056%	1h	1,044.2	−0.003%	$685K	$16K	10x	as long as short
QFEX MU-USD	+0.0057%	1h	1,044.3	+0.004%	$7.8M	$24.1M	10x	as long as short
Bitget MUUSDT	+0.0065%	8h	1,044.1	−0.011%	$20.5M	$42.9M	50x	as long as short
Binance MUUSDT	+0.0085%	8h	1,044.2	−0.002%	$124.9M	$540.3M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,044	−0.016%	$153K	$182K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,043.6	−0.057%	$5.2M	$4.0M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,044.6	+0.034%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,044.3	+0.004%	$830	$799	20x	as long as short
Aevo MU-PERP	+0.0104%	1h	1,044	−0.022%	$33K	—	10x	as long as short
Paradex MU-USD-PERP	+0.0115%	8h	1,044.2	+0.001%	$2K	—	5x	as long as short
GRVT MU_USDT_Perp	+0.0143%	8h	1,044.3	+0.010%	$82K	$1.4M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0152%	1h	1,043.3	−0.092%	$756K	$1.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0152%	1h	1,044	−0.020%	$57K	$215K	10x	as long as short
Bybit MUUSDT	+0.0169%	8h	1,044.4	+0.013%	$19.1M	$32.5M	100x	as long as short
tradeXYZ xyz:MU	+0.0191%	1h	1,044.2	−0.001%	$176.5M	$106.9M	10x	as long as short
Nado MU-PERP	+0.0195%	1h	1,042.9	−0.123%	$307K	$845K	10x	as long as short
RISEx MU/USDC	+0.0202%	1h	1,044.4	+0.020%	$286K	$332K	20x	as long as short
BloFin MU-USDT	+0.0203%	8h	1,044.2	+0.003%	$1.5M	$2.1M	20x	as long as short
Lighter MU	+0.0224%	1h	1,044.2	+0.002%	$1.0M	$4.8M	20x	as long as short
Arcus MU-USDshort	+0.0226%	1h	1,044.2	−0.006%	$63K	$236K	10x
Phoenix MU	+0.0230%	1h	1,044.7	+0.047%	$534K	$303K	15x	as long as short
Bullet MU-USD	+0.0231%	1h	1,044.2	−0.002%	$25K	$399K	10x	as long as short
Extended MU_24_5-USD	+0.0664%	1h	1,043.2	−0.093%	$541K	$1.1M	10x	as long as short