Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0087%/8h= +9.5% APRpaid last 24h +0.015%

Price spread now: SoDEX against Gate+0.009%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$480.477% of the position

Long on Gate Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.061%+$6 on $10k

Price spread, last 3 days (all we have)−0.038%−$4 · spread now +0.009%, 7d avg +0.010%

Together, before fees+0.023%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MU_USDT	1,049.4	0	get 0.0000% / 8h	7h 31m	$62.8M	$28.9M	75x
Short	SoDEX MU-USD	1,049.5	0.0087	get 0.0011% / 1h	31m 06s	$689K	$16K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.009%Rate

Funding earned: $18.25
Price spread: +0.009% → +0.010%: −$0.12
Slippage, 4 orders: −$24.74
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$29.61
Costs to cover: 0.477%
Break-even: 18.4 days

Slippage from Gate: live order book, 3 min ago; SoDEX: live order book, 43 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, 3 min ago	0.95 bp	11.7 bp −$12	14.9 bp −$149	40.3 bp −$4,026	75.3 bp −$37.7K
Sell SoDEX live order book, 43 min ago	0.05 bp	11.8 bp −$12	40.5 bp −$405	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	−0.0111%	4h	1,049.2	−0.015%	$1.3M	$673K	10x	as long as short
Gate MU_USDTlong	0.0000%	8h	1,049.4	long leg	$62.8M	$28.9M	75x
StandX MU-USD	0.0000%	1h	1,048.9	−0.051%	$190K	$3.3M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.2	+0.170%	$11K	$6.2M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,049.5	+0.007%	$129K	$425K	50x	as long as short
Aftermath Perps MUUSD	+0.0022%	1h	1,049.4	−0.004%	$3K	$45K	10x	as long as short
Lighter MU	+0.0032%	1h	1,049.5	+0.010%	$1.1M	$4.8M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,049.4	−0.001%	$1.2M	$4.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+0.187%	$19K	$5K	12x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,050.3	+0.082%	—	$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	1,049.5	+0.010%	$171K	$203K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,048.9	−0.050%	$1.9M	$2.3M	10x	as long as short
QFEX MU-USD	+0.0054%	1h	1,049.6	+0.021%	$7.8M	$22.6M	10x	as long as short
Nado MU-PERP	+0.0077%	1h	1,049.1	−0.027%	$275K	$858K	10x	as long as short
SoDEX MU-USDshort	+0.0087%	1h	1,049.5	+0.009%	$689K	$16K	10x
Paradex MU-USD-PERP	+0.0090%	8h	1,049.8	+0.037%	$2K	—	5x	as long as short
OKX MU-USDT-SWAP	+0.0097%	8h	1,049.6	+0.017%	$30.9M	$101.9M	50x	as long as short
Pacifica MU	+0.0100%	1h	1,049.6	+0.023%	$148K	$186K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049.2	−0.015%	$5.3M	$3.6M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,048.8	−0.054%	$71K	$267K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,049.6	+0.014%	$834	$799	20x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0103%	1h	1,049.4	−0.004%	$64K	$302K	10x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,049.4	+0.001%	$32K	$1K	10x	as long as short
Bybit MUUSDT	+0.0162%	8h	1,049.9	+0.043%	$19.1M	$32.5M	100x	as long as short
Coinbase International MU-PERP-INTX	+0.0184%	1h	1,048.4	−0.099%	$759K	$1.2M	10x	as long as short
Variational Omni MU	+0.0211%	8h	1,049.7	+0.027%	$2.7M	$2.4M	—	as long as short
Aster MUUSD1	+0.0217%	8h	1,049	−0.038%	$21.6M	$48.3M	20x	as long as short
Binance MUUSDT	+0.0222%	8h	1,049.7	+0.032%	$126.0M	$524.3M	50x	as long as short
Arcus MU-USD	+0.0240%	1h	1,049	−0.034%	$71K	$243K	10x	as long as short
Bullet MU-USD	+0.0245%	1h	1,049.8	+0.038%	$26K	$395K	10x	as long as short
tradeXYZ xyz:MU	+0.0282%	1h	1,049.3	−0.010%	$178.0M	$101.1M	10x	as long as short
RISEx MU/USDC	+0.0312%	1h	1,049.8	+0.043%	$316K	$339K	20x	as long as short
Bitget MUUSDT	+0.0329%	8h	1,049.6	+0.020%	$20.6M	$41.6M	50x	as long as short
BloFin MU-USDT	+0.0342%	8h	1,049.6	+0.023%	$1.5M	$2.0M	20x	as long as short
Phoenix MU	+0.0383%	1h	1,048.3	−0.105%	$536K	$306K	15x	as long as short
Extended MU_24_5-USD	+0.0416%	1h	1,049	−0.040%	$566K	$1.2M	10x	as long as short
GRVT MU_USDT_Perp	+0.0570%	8h	1,048.5	−0.085%	$83K	$1.3M	10x	as long as short