Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.014%

Price spread now: Injective against Gate+0.624%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 0.624% dearer against Gate than usual: you sell high and buy low: +$62 more if the spread goes back to zero (this spread has no 7-day history yet).

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 25m	$63.0M	$28.9M	75x
Short	Injective MU/USDC PERP	1,050.7	0.0033	get 0.0004% / 1h	25m 07s	$14K	$302	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.624%Rate

Funding earned: $7
Price spread: +0.624% → 0.000%: $62.44
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $54.42
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Gate: live order book, 4 min ago; Injective: no order-book sample. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.006%	$1.3M	$672K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,044.8	+0.054%	$21.5M	$43.6M	20x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,044.2	−0.002%	$30.7M	$104.4M	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	−0.111%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,046.2	+0.193%	$11K	$6.7M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,043.8	−0.034%	$125K	$443K	50x	as long as short
Aftermath Perps MUUSD	+0.0023%	1h	1,043.7	−0.051%	$3K	$44K	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,044.1	−0.011%	$1.1M	$4.3M	10x	as long as short
Injective MU/USDC PERPshort	+0.0033%	1h	1,050.7	+0.624%	$14K	$302	12x

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	−0.020%	—	$193K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,043.8	−0.037%	$165K	$176K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,043.3	−0.087%	$2.0M	$2.7M	10x	as long as short
Variational Omni MU	+0.0053%	8h	1,044.3	+0.008%	$2.7M	$2.7M	—	as long as short
SoDEX MU-USD	+0.0056%	1h	1,044.2	−0.001%	$685K	$16K	10x	as long as short
QFEX MU-USD	+0.0057%	1h	1,044.3	+0.008%	$7.8M	$24.1M	10x	as long as short
Bitget MUUSDT	+0.0064%	8h	1,044.1	−0.011%	$20.5M	$42.9M	50x	as long as short
Binance MUUSDT	+0.0083%	8h	1,044.2	+0.004%	$124.9M	$540.3M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,044.1	−0.013%	$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	+0.035%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,044.3	+0.006%	$830	$799	20x	as long as short
Aevo MU-PERP	+0.0104%	1h	1,044	−0.020%	$33K	—	10x	as long as short
Paradex MU-USD-PERP	+0.0115%	8h	1,044.3	+0.008%	$2K	—	5x	as long as short
GRVT MU_USDT_Perp	+0.0143%	8h	1,044.3	+0.011%	$82K	$1.4M	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0152%	1h	1,043.3	−0.090%	$756K	$1.8M	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0152%	1h	1,044	−0.018%	$57K	$215K	10x	as long as short
Bybit MUUSDT	+0.0166%	8h	1,044.5	+0.031%	$19.1M	$32.5M	100x	as long as short
tradeXYZ xyz:MU	+0.0190%	1h	1,044.2	+0.001%	$176.5M	$107.0M	10x	as long as short
Nado MU-PERP	+0.0195%	1h	1,043.3	−0.083%	$307K	$845K	10x	as long as short
RISEx MU/USDC	+0.0202%	1h	1,044.4	+0.019%	$286K	$332K	20x	as long as short
BloFin MU-USDT	+0.0203%	8h	1,044.2	+0.005%	$1.5M	$2.1M	20x	as long as short
Lighter MU	+0.0224%	1h	1,044.2	0.000%	$1.0M	$4.8M	20x	as long as short
Arcus MU-USD	+0.0226%	1h	1,044.1	−0.009%	$63K	$236K	10x	as long as short
Phoenix MU	+0.0230%	1h	1,044.7	+0.049%	$534K	$303K	15x	as long as short
Bullet MU-USD	+0.0231%	1h	1,044.2	0.000%	$25K	$399K	10x	as long as short
Extended MU_24_5-USD	+0.0664%	1h	1,043.2	−0.091%	$541K	$1.1M	10x	as long as short