Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.016%

Price spread now: Lighter RH against Gate+0.004%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$220.217% of the position

Long on Gate Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 7 days−0.020%−$2 · spread now +0.004%, 7d avg −0.025%

Together, before fees+0.032%+ Points / potential airdropLighter RH: Points live · farm board+$3 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 Lighter RH 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 −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MU_USDT	1,043.5	0	get 0.0000% / 8h	1h 13m	$62.9M	$29.1M	75x
Short	Lighter RH MU	1,043.5	0.0032	get 0.0004% / 1h	13m 17s	$1.2M	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.004%Rate

Funding earned: $6.72
Price spread: +0.004% → −0.025%: $2.91
Slippage, 4 orders: −$6.7
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$12.07
Costs to cover: 0.217%
Break-even: 19.6 days

Slippage from Gate: live order book, 6 min ago; Lighter RH: live order book, 5 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, 6 min ago	0.96 bp	8.8 bp −$9	15.0 bp −$150	41.8 bp −$4,184	78.3 bp −$39.2K
Sell Lighter RH live order book, 5 min ago	0.05 bp	0.4 bp $0	2.5 bp −$25	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	−0.0377%	4h	1,043.4	−0.008%	$1.3M	$674K	10x	as long as short
Gate MU_USDTlong	0.0000%	8h	1,043.5	long leg	$62.9M	$29.1M	75x
StandX MU-USD	0.0000%	1h	1,042.8	−0.062%	$189K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,045.8	+0.218%	$11K	$6.6M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,043.4	−0.005%	$125K	$442K	50x	as long as short
Lighter RH MUshort	+0.0032%	1h	1,043.5	+0.004%	$1.2M	$4.2M	10x
Injective MU/USDC PERP	+0.0033%	1h	1,050.7	+0.693%	$14K	$302	12x	as long as short
Aftermath Perps MUUSD	+0.0035%	1h	1,043.5	+0.002%	$3K	$45K	10x	as long as short
OKX MU-USDT-SWAP	+0.0042%	8h	1,043.6	+0.014%	$30.8M	$104.8M	50x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,043.3	−0.020%	—	$194K	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	1,043.4	−0.008%	$165K	$197K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,043.5	+0.005%	$685K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,042.5	−0.099%	$2.0M	$2.7M	10x	as long as short
QFEX MU-USD	+0.0071%	1h	1,043.7	+0.023%	$7.8M	$24.1M	10x	as long as short
Aster MUUSD1	+0.0094%	8h	1,044.1	+0.058%	$21.5M	$47.4M	20x	as long as short
Pacifica MU	+0.0100%	1h	1,043.5	+0.004%	$154K	$181K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,043.3	−0.018%	$5.2M	$4.0M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,043.7	+0.018%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,043.5	+0.002%	$830	$799	20x	as long as short
Bitget MUUSDT	+0.0107%	8h	1,043.5	0.000%	$20.5M	$43.0M	50x	as long as short
Aevo MU-PERP	+0.0120%	1h	1,043.5	+0.003%	$33K	—	10x	as long as short
Paradex MU-USD-PERP	+0.0137%	8h	1,043.6	+0.010%	$2K	—	5x	as long as short
Variational Omni MU	+0.0144%	8h	1,043.4	−0.006%	$2.6M	$2.6M	—	as long as short
Binance MUUSDT	+0.0163%	8h	1,043.7	+0.025%	$124.7M	$535.5M	50x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,043.2	−0.024%	$755K	$1.4M	10x	as long as short
Lighter MU	+0.0208%	1h	1,043.5	+0.001%	$1.0M	$4.8M	20x	as long as short
GRVT MU_USDT_Perp	+0.0217%	8h	1,043.6	+0.015%	$77K	$1.4M	10x	as long as short
Nado MU-PERP	+0.0225%	1h	1,042.7	−0.076%	$273K	$872K	10x	as long as short
Bybit MUUSDT	+0.0250%	8h	1,043.9	+0.040%	$19.2M	$32.6M	100x	as long as short
Bullet MU-USD	+0.0280%	1h	1,043.8	+0.029%	$25K	$395K	10x	as long as short
BloFin MU-USDT	+0.0283%	8h	1,043.9	+0.038%	$1.4M	$2.0M	20x	as long as short
tradeXYZ xyz:MU	+0.0326%	1h	1,043.5	+0.002%	$176.2M	$106.7M	10x	as long as short
Phoenix MU	+0.0383%	1h	1,043.8	+0.031%	$534K	$306K	15x	as long as short
Arcus MU-USD	+0.0435%	1h	1,043.3	−0.020%	$73K	$241K	10x	as long as short
RISEx MU/USDC	+0.0499%	1h	1,044	+0.046%	$295K	$339K	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0565%	1h	1,043.4	−0.010%	$61K	$248K	10x	as long as short
Extended MU_24_5-USD	+0.0688%	1h	1,042.4	−0.103%	$547K	$1.1M	10x	as long as short