Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.071%

Price spread now: RISEx against Gate−0.070%7-day average +0.035% · 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−$42as in the Price arb table

costs, in and out, $10k−$310.312% of the position

Long on Gate Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.055%+$5 on $10k

Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.070%, 7d avg +0.035%

Together, before fees+0.115%+$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: RISEx is 0.105% cheaper against Gate than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MU_USDT	1,044.7	0	get 0.0000% / 8h	3h 21m	$62.0M	$27.9M	75x
Short	RISEx MU/USDC	1,044	0	get 0.0000% / 1h	21m 55s	$337K	$354K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.070%Rate

Funding earned: $0
Price spread: −0.070% → +0.035%: −$10.48
Slippage, 4 orders: −$10.15
Fee Gate: 7.5 bp × 2 orders: −$15
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$41.63
Costs to cover: 0.312%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; RISEx: live order book, 31 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, 2 min ago	0.81 bp	11.7 bp −$12	17.2 bp −$172	40.2 bp −$4,022	75.3 bp −$37.7K
Sell RISEx live order book, 31 min ago	1.48 bp	4.5 bp −$4	5.8 bp −$58	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	−0.0396%	4h	1,046.6	+0.176%	$1.3M	$671K	10x	as long as short
Aster MUUSD1	0.0000%	8h	1,045.2	+0.040%	$21.2M	$56.6M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,045	+0.021%	$124.3M	$522.4M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,045.3	+0.050%	$18.7M	$31.8M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,045	+0.023%	$30.9M	$99.6M	50x	as long as short
RISEx MU/USDCshort	0.0000%	1h	1,044	−0.070%	$337K	$354K	20x
Gate MU_USDTlong	0.0000%	8h	1,044.7	long leg	$62.0M	$27.9M	75x
Bitget MUUSDT	0.0000%	8h	1,045.2	+0.046%	$20.5M	$41.6M	50x	as long as short
Variational Omni MU	0.0000%	8h	1,045.4	+0.067%	$2.7M	$2.4M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,045.6	+0.084%	$79K	$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	1,044.2	−0.050%	$189K	$3.4M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,047.2	+0.239%	$11K	$5.8M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,044.5	−0.026%	$130K	$435K	50x	as long as short
Aftermath Perps MUUSD	+0.0023%	1h	1,044.8	+0.007%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0032%	1h	1,043.5	−0.122%	$7.0M	$18.0M	10x	as long as short
Lighter MU	+0.0032%	1h	1,044.7	−0.008%	$1.1M	$5.1M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,044.6	−0.016%	$1.3M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,044.2	−0.048%	$548K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.634%	$19K	$5K	12x	as long as short
Nado MU-PERP	+0.0039%	1h	1,043.7	−0.104%	$281K	$828K	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,044.5	−0.019%	$70K	$233K	10x	as long as short
Bullet MU-USD	+0.0044%	1h	1,044.6	−0.013%	$25K	$393K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,044.4	−0.034%	—	$176K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,044.4	−0.033%	$176.8M	$95.3M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,043.6	−0.109%	$169K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,043.8	−0.089%	$685K	$16K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,043.7	−0.103%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,043	−0.168%	$1.9M	$2.2M	10x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0076%	1h	1,044.5	−0.024%	$73K	$477K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,044.3	−0.042%	$32K	$1K	10x	as long as short
Pacifica MU	+0.0100%	1h	1,043.8	−0.091%	$147K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,044.7	−0.009%	$5.2M	$3.4M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,045.8	+0.102%	$71K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,044.4	−0.032%	$830	$799	20x	as long as short
Coinbase International MU-PERP-INTX	+0.0120%	1h	1,044.7	0.000%	$750K	$1.2M	10x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,044.3	−0.042%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0305%	1h	1,045.9	+0.111%	$535K	$271K	15x	as long as short