Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against HTX−0.009%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$440.439% of the position

Long on HTX Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.030%−$3 · spread now −0.009%, 7d avg −0.026%

Together, before fees−0.030%−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MU-USDT	1,050.9	0	get 0.0000% / 8h	6h 24m	$129K	$427K	50x
Short	Gate MU_USDT	1,050.8	0	get 0.0000% / 8h	6h 24m	$62.1M	$27.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against HTX. 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 HTXbpFee GatebpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → −0.026%: $1.7
Slippage, 4 orders: −$16.86
Fee HTX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$42.16
Costs to cover: 0.439%
Break-even: never at this rate

Slippage from HTX: live order book, 44 min ago; Gate: live order book, 4 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 HTX live order book, 44 min ago	3.09 bp	11.1 bp −$11	16.0 bp −$160	31.8 bp −$3,181	doesn't fit
Sell Gate live order book, 4 min ago	0.67 bp	10.9 bp −$11	16.9 bp −$169	34.2 bp −$3,420	54.9 bp −$27.5K

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	−0.0953%	4h	1,050.1	−0.078%	$1.3M	$670K	10x	as long as short
Nado MU-PERP	−0.0005%	1h	1,050.3	−0.063%	$276K	$855K	10x	as long as short
Bybit MUUSDT	0.0000%	8h	1,051.5	+0.053%	$19.2M	$32.7M	100x	as long as short
Gate MU_USDTshort	0.0000%	8h	1,050.8	−0.009%	$62.1M	$27.7M	75x
StandX MU-USD	0.0000%	1h	1,050	−0.084%	$190K	$3.4M	20x	as long as short
Bullet MU-USD	0.0000%	1h	1,050.8	−0.016%	$25K	$395K	10x	as long as short
SunX MU-USDT	0.0000%	8h	1,051.6	+0.063%	$11K	$6.0M	10x	as long as short
Deribit MU_USDC-PERPETUAL	0.0000%	1h	1,050.3	−0.057%	$66K	$335K	10x	as long as short
HTX MU-USDTlong	0.0000%	8h	1,050.9	long leg	$129K	$427K	50x
Aftermath Perps MUUSD	+0.0019%	1h	1,049.5	−0.137%	$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	1,051.1	+0.019%	$1.1M	$4.8M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,051	+0.010%	$1.1M	$4.2M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,050.4	−0.049%	$567K	$1.1M	10x	as long as short
QFEX MU-USD	+0.0040%	1h	1,050.8	−0.008%	$7.4M	$19.6M	10x	as long as short
Arcus MU-USD	+0.0040%	1h	1,050	−0.088%	$71K	$236K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,051.4	+0.049%	—	$177K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,050.7	−0.021%	$178.3M	$99.6M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,050.3	−0.059%	$171K	$203K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,050.7	−0.024%	$690K	$16K	10x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,049.5	−0.139%	$1.9M	$2.4M	10x	as long as short
OKX MU-USDT-SWAP	+0.0059%	8h	1,051.1	+0.014%	$30.8M	$100.8M	50x	as long as short
Paradex MU-USD-PERP	+0.0064%	8h	1,051.1	+0.022%	$2K	—	5x	as long as short
GRVT MU_USDT_Perp	+0.0082%	8h	1,050.1	−0.075%	$81K	$1.3M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,050.9	−0.006%	$149K	$187K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,050.2	−0.071%	$5.3M	$3.5M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,049.2	−0.164%	$71K	$268K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,050.5	−0.040%	$835	$799	20x	as long as short
Injective MU/USDC PERP	+0.0107%	1h	1,051.4	+0.042%	$19K	$5K	12x	as long as short
Coinbase International MU-PERP-INTX	+0.0128%	1h	1,050.3	−0.061%	$757K	$1.2M	10x	as long as short
Aevo MU-PERP	+0.0136%	1h	1,050.4	−0.048%	$32K	$1K	10x	as long as short
Aster MUUSD1	+0.0173%	8h	1,050.5	−0.042%	$21.6M	$51.3M	20x	as long as short
Variational Omni MU	+0.0186%	8h	1,050.5	−0.041%	$2.7M	$2.4M	—	as long as short
Binance MUUSDT	+0.0203%	8h	1,051.1	+0.016%	$126.7M	$524.0M	50x	as long as short
Bitget MUUSDT	+0.0245%	8h	1,050.7	−0.017%	$20.6M	$42.0M	50x	as long as short
Phoenix MU	+0.0304%	1h	1,050.8	−0.011%	$537K	$273K	15x	as long as short
RISEx MU/USDC	+0.0507%	1h	1,051	+0.005%	$334K	$348K	20x	as long as short