Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.045%

Price spread now: Extended against Gate−0.003%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$390.393% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.185%+$19 on $10k

Price spread, last 7 days−0.003%$0 · spread now −0.003%, 7d avg −0.032%

Together, before fees+0.183%+ Points / potential airdropExtended: Active · farm board+$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.029% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MU_USDT	1,032.5	0	get 0.0000% / 8h	7h 54m	$61.9M	$27.6M	75x
Short	Extended MU_24_5-USD	1,032.5	0.0032	get 0.0004% / 1h	54m 54s	$550K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.003%Rate

Funding earned: $6.72
Price spread: −0.003% → −0.032%: $2.91
Slippage, 4 orders: −$19.3
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$29.67
Costs to cover: 0.393%
Break-even: 37.9 days

Slippage from Gate: live order book, 4 min ago; Extended: live order book, 3 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	0.82 bp	10.6 bp −$11	17.1 bp −$171	39.6 bp −$3,963	77.8 bp −$38.9K
Sell Extended live order book, 3 min ago	0.43 bp	7.0 bp −$7	12.0 bp −$120	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	−0.0168%	4h	1,036.3	+0.366%	$1.3M	$672K	10x	as long as short
Bitget MUUSDT	−0.0116%	8h	1,032.8	+0.028%	$19.9M	$40.5M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,033.5	+0.095%	$21.1M	$68.3M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,032.7	+0.020%	$121.8M	$538.7M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,032.4	−0.009%	$18.8M	$32.0M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,032.5	−0.002%	$29.6M	$100.3M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,034.1	+0.150%	$311K	$381K	20x	as long as short
Gate MU_USDTlong	0.0000%	8h	1,032.5	long leg	$61.9M	$27.6M	75x
Variational Omni MU	0.0000%	8h	1,035.2	+0.263%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,036.8	+0.418%	$80K	$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	1,036.1	+0.350%	$187K	$3.5M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,033.4	+0.085%	$24K	$388K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,034.5	+0.195%	$11K	$5.5M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,032.6	+0.010%	$73K	$623K	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,032.9	+0.034%	$126K	$482K	50x	as long as short
Aftermath Perps MUUSD	+0.0021%	1h	1,036.3	+0.365%	$3K	$43K	10x	as long as short
QFEX MU-USD	+0.0027%	1h	1,034.1	+0.155%	$7.0M	$18.7M	10x	as long as short
Lighter MU	+0.0032%	1h	1,032.3	−0.024%	$1.0M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,032.2	−0.034%	$1.1M	$4.4M	10x	as long as short
Extended MU_24_5-USDshort	+0.0032%	1h	1,032.5	−0.003%	$550K	$1.1M	10x
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.825%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,033.7	+0.112%	$90K	$244K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,033.9	+0.134%	—	$176K	25x	as long as short
Nado MU-PERP	+0.0048%	1h	1,033.3	+0.073%	$273K	$807K	10x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,032.2	−0.031%	$175.2M	$80.8M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,033	+0.046%	$167K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,032.4	−0.008%	$678K	$15K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,034	+0.147%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,033.6	+0.101%	$1.9M	$2.8M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,032.8	+0.027%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,035.2	+0.263%	$724K	$1.1M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,034.2	+0.165%	$144K	$191K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,033.2	+0.062%	$5.2M	$4.3M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,037	+0.438%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,034	+0.143%	$822	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,032.8	+0.022%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0232%	1h	1,036.9	+0.424%	$530K	$270K	15x	as long as short