Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Gate+0.137%7-day average +0.170% · you sell dearer than you buy

Net, funding: paid 7d − costs−$152as in the Funding arb table

Net, price: spread back to 7d avg − costs−$155as in the Price arb table

costs, in and out, $10k−$1521.518% of the position

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.200%−$20 · spread now +0.137%, 7d avg +0.170%

Together, before fees−0.200%−$20 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: SunX is 0.033% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.170%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MU_USDT	1,029.9	0	get 0.0000% / 8h	7h 47m	$61.8M	$27.8M	75x
Short	SunX MU-USDT	1,031.3	0	get 0.0000% / 8h	7h 47m	$11K	$5.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.137%Rate

Funding earned: $0
Price spread: +0.137% → +0.170%: −$3.29
Slippage, 4 orders: −$128.81
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$155.1
Costs to cover: 1.518%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; SunX: live order book, 11 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	0.68 bp	10.1 bp −$10	18.5 bp −$185	41.6 bp −$4,157	76.5 bp −$38.2K
Sell SunX live order book, 11 min ago	56.58 bp	68.2 bp −$68	doesn't fit	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	−0.0134%	4h	1,031.6	+0.161%	$1.3M	$673K	10x	as long as short
Bitget MUUSDT	−0.0095%	8h	1,030.2	+0.028%	$19.8M	$40.0M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,030.6	+0.065%	$21.1M	$68.5M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,030.2	+0.029%	$121.3M	$541.7M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,030.2	+0.023%	$18.6M	$32.1M	100x	as long as short
OKX MU-USDT-SWAP	0.0000%	8h	1,030.4	+0.043%	$29.6M	$100.7M	50x	as long as short
RISEx MU/USDC	0.0000%	1h	1,030.6	+0.068%	$310K	$380K	20x	as long as short
Gate MU_USDTlong	0.0000%	8h	1,029.9	long leg	$61.8M	$27.8M	75x
Variational Omni MU	0.0000%	8h	1,032.2	+0.225%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,031.9	+0.189%	$72K	$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	1,031.2	+0.125%	$186K	$3.6M	20x	as long as short
SunX MU-USDTshort	0.0000%	8h	1,031.3	+0.137%	$11K	$5.4M	10x
HTX MU-USDT	0.0000%	8h	1,029.7	−0.017%	$119K	$492K	50x	as long as short
Aftermath Perps MUUSD	+0.0024%	1h	1,031.6	+0.166%	$3K	$43K	10x	as long as short
QFEX MU-USD	+0.0027%	1h	1,030.4	+0.049%	$6.9M	$18.7M	10x	as long as short
Lighter RH MU	+0.0032%	1h	1,029.9	−0.006%	$1.1M	$4.4M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,029.8	−0.016%	$550K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+2.083%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,030	+0.013%	$89K	$244K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,029.9	−0.004%	—	$177K	25x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,029.6	−0.030%	$167K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,030.1	+0.015%	$676K	$15K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,030.2	+0.030%	$1.9M	$2.8M	10x	as long as short
tradeXYZ xyz:MU	+0.0053%	1h	1,029.9	−0.001%	$174.5M	$80.1M	10x	as long as short
Paradex MU-USD-PERP	+0.0055%	8h	1,030.6	+0.067%	$2K	—	5x	as long as short
Lighter MU	+0.0056%	1h	1,030.2	+0.024%	$994K	$4.9M	20x	as long as short
Bullet MU-USD	+0.0078%	1h	1,030.1	+0.014%	$25K	$390K	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,029.7	−0.016%	$32K	$1K	10x	as long as short
Nado MU-PERP	+0.0085%	1h	1,029.8	−0.011%	$272K	$806K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0096%	1h	1,030.8	+0.082%	$720K	$1.1M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,030.6	+0.070%	$146K	$194K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,029.8	−0.012%	$5.1M	$4.3M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,030.9	+0.100%	$70K	$270K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,030.1	+0.014%	$819	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,030.4	+0.049%	$1.5M	$2.2M	20x	as long as short
Phoenix MU	+0.0231%	1h	1,030.5	+0.057%	$527K	$270K	15x	as long as short
Deribit MU_USDC-PERPETUAL	+0.0255%	1h	1,030.1	+0.019%	$73K	$624K	10x	as long as short