Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Gate+0.010%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$440.440% of the position

Long on Gate Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.026%+$3 · spread now +0.010%, 7d avg +0.026%

Together, before fees+0.026%+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MU_USDT	1,052.1	0	get 0.0000% / 8h	7h 27m	$62.9M	$28.9M	75x
Short	HTX MU-USDT	1,052.2	0	get 0.0000% / 8h	7h 27m	$130K	$425K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.010%Rate

Funding earned: $0
Price spread: +0.010% → +0.026%: −$1.65
Slippage, 4 orders: −$16.99
Fee Gate: 7.5 bp × 2 orders: −$15
Fee HTX: 6 bp × 2 orders: −$12
Net: −$45.64
Costs to cover: 0.440%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; HTX: live order book, 46 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, 1 min ago	0.71 bp	11.5 bp −$11	16.6 bp −$166	40.9 bp −$4,086	76.2 bp −$38.1K
Sell HTX live order book, 46 min ago	1.72 bp	9.4 bp −$9	9.4 bp −$94	14.9 bp −$1,487	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	−0.0922%	4h	1,049.6	−0.233%	$1.3M	$674K	10x	as long as short
Gate MU_USDTlong	0.0000%	8h	1,052.1	long leg	$62.9M	$28.9M	75x
StandX MU-USD	0.0000%	1h	1,048.9	−0.296%	$190K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,053.5	+0.138%	$11K	$6.2M	10x	as long as short
HTX MU-USDTshort	0.0000%	8h	1,052.2	+0.010%	$130K	$425K	50x
Aftermath Perps MUUSD	+0.0022%	1h	1,049.6	−0.233%	$3K	$45K	10x	as long as short
Lighter MU	+0.0032%	1h	1,052	−0.007%	$1.1M	$4.8M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,051.9	−0.017%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	−0.066%	$19K	$5K	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,052.5	+0.041%	—	$179K	25x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MU-USD	+0.0050%	1h	1,052.1	+0.005%	$171K	$203K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,050.7	−0.132%	$1.9M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,051.8	−0.020%	$7.8M	$22.5M	10x	as long as short
Nado MU-PERP	+0.0079%	1h	1,051.1	−0.094%	$276K	$858K	10x	as long as short
Paradex MU-USD-PERP	+0.0093%	8h	1,052	−0.005%	$2K	—	5x	as long as short
Pacifica MU	+0.0100%	1h	1,052	−0.001%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,051.4	−0.064%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,048.8	−0.306%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,052	−0.007%	$836	$799	20x	as long as short
OKX MU-USDT-SWAP	+0.0101%	8h	1,052.7	+0.062%	$31.0M	$102.2M	50x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,051.7	−0.037%	$32K	$1K	10x	as long as short
SoDEX MU-USD	+0.0136%	1h	1,051.8	−0.022%	$690K	$16K	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0178%	1h	1,051.8	−0.025%	$64K	$303K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,048.4	−0.351%	$759K	$1.2M	10x	as long as short
Bybit MUUSDT	+0.0202%	8h	1,052.8	+0.071%	$19.5M	$32.7M	100x	as long as short
Variational Omni MU	+0.0211%	8h	1,049.7	−0.225%	$2.7M	$2.4M	—	as long as short
Aster MUUSD1	+0.0227%	8h	1,051.2	−0.077%	$21.6M	$48.3M	20x	as long as short
Binance MUUSDT	+0.0228%	8h	1,052.3	+0.027%	$126.2M	$524.0M	50x	as long as short
Bullet MU-USD	+0.0235%	1h	1,052.3	+0.024%	$25K	$396K	10x	as long as short
Arcus MU-USD	+0.0240%	1h	1,050.1	−0.190%	$71K	$243K	10x	as long as short
tradeXYZ xyz:MU	+0.0269%	1h	1,052.3	+0.024%	$178.7M	$101.3M	10x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,052.1	+0.005%	$316K	$339K	20x	as long as short
Bitget MUUSDT	+0.0342%	8h	1,052.2	+0.011%	$20.6M	$41.6M	50x	as long as short
BloFin MU-USDT	+0.0345%	8h	1,051.3	−0.067%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0383%	1h	1,050.2	−0.176%	$537K	$306K	15x	as long as short
Extended MU_24_5-USD	+0.0408%	1h	1,051.4	−0.063%	$572K	$1.2M	10x	as long as short
GRVT MU_USDT_Perp	+0.0484%	8h	1,049.6	−0.236%	$83K	$1.3M	10x	as long as short