Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: StandX against Gate−0.040%7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$390.385% of the position

Long on Gate Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 7 days+0.098%+$10 · spread now −0.040%, 7d avg +0.029%

Together, before fees+0.070%+ Points / potential airdropStandX: Active · farm board+$7 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: StandX is 0.069% cheaper against Gate than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MU_USDT	1,050.1	0	get 0.0000% / 8h	6h 04m	$62.1M	$27.8M	75x
Short	StandX MU-USD	1,049.6	0	get 0.0000% / 1h	4m 29s	$190K	$3.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.040%Rate

Funding earned: $0
Price spread: −0.040% → +0.029%: −$6.86
Slippage, 4 orders: −$15.55
Fee Gate: 7.5 bp × 2 orders: −$15
Fee StandX: 4 bp × 2 orders: −$8
Net: −$45.4
Costs to cover: 0.385%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; StandX: 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, 4 min ago	0.95 bp	11.8 bp −$12	16.7 bp −$167	42.5 bp −$4,253	79.4 bp −$39.7K
Sell StandX live order book, 5 min ago	2.34 bp	7.3 bp −$7	14.0 bp −$140	doesn't fit	doesn't fit

MU on 36 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	−0.0984%	4h	1,049.3	−0.068%	$1.3M	$671K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,050.3	+0.020%	$19.2M	$32.6M	100x	as long as short
Gate MU_USDTlong	0.0000%	8h	1,050.1	long leg	$62.1M	$27.8M	75x
StandX MU-USDshort	0.0000%	1h	1,049.6	−0.040%	$190K	$3.4M	20x
Bullet MU-USD	0.0000%	1h	1,050.2	+0.013%	$25K	$395K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.5	+0.133%	$11K	$6.0M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,049.8	−0.022%	$129K	$426K	50x	as long as short
Nado MU-PERP	+0.0005%	1h	1,049.4	−0.060%	$278K	$853K	10x	as long as short
GRVT MU_USDT_Perp	+0.0013%	8h	1,048.9	−0.112%	$80K	$1.3M	10x	as long as short
Aftermath Perps MUUSD	+0.0017%	1h	1,049.3	−0.072%	$3K	$45K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MU	+0.0032%	1h	1,049.9	−0.013%	$1.2M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,049.9	−0.017%	$1.2M	$4.2M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,049.3	−0.069%	$564K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0040%	1h	1,050	−0.009%	$7.3M	$18.9M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,049.5	−0.053%	$71K	$236K	10x	as long as short
OKX MU-USDT-SWAP	+0.0040%	8h	1,050.2	+0.014%	$30.8M	$100.2M	50x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0045%	1h	1,049.7	−0.035%	$66K	$347K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,050.8	+0.069%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,049.9	−0.014%	$178.2M	$99.4M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,049.8	−0.024%	$170K	$202K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,049.8	−0.023%	$689K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.4	−0.065%	$1.9M	$2.2M	10x	as long as short
Paradex MU-USD-PERP	+0.0059%	8h	1,050	−0.002%	$2K	—	5x	as long as short
Pacifica MU	+0.0100%	1h	1,049.8	−0.029%	$148K	$187K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,049.9	−0.012%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,050	−0.005%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,049.9	−0.010%	$835	$799	20x	as long as short
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.125%	$19K	$5K	12x	as long as short
Aster MUUSD1	+0.0125%	8h	1,050	0.000%	$21.6M	$51.7M	20x	as long as short
Aevo MU-PERP	+0.0128%	1h	1,049.6	−0.040%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,048.1	−0.190%	$755K	$1.2M	10x	as long as short
Variational Omni MU	+0.0154%	8h	1,049.9	−0.011%	$2.7M	$2.4M	—	as long as short
Binance MUUSDT	+0.0173%	8h	1,050.3	+0.024%	$126.6M	$521.7M	50x	as long as short
Bitget MUUSDT	+0.0182%	8h	1,050	−0.003%	$20.6M	$41.3M	50x	as long as short
Phoenix MU	+0.0304%	1h	1,049.7	−0.033%	$537K	$273K	15x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,050.3	+0.019%	$334K	$349K	20x	as long as short