Funding arb · Price arb /

MU

RWAall MU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0007%/8h= +0.7% APRpaid last 24h +0.022%

Price spread now: Bullet against OKX+0.008%7-day average +0.013% · 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−$24as in the Price arb table

costs, in and out, $10k−$240.240% of the position

Long on OKX Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.085%+$9 on $10k

Price spread, last 4 days (all we have)−0.114%−$11 · spread now +0.008%, 7d avg +0.013%

Together, before fees−0.028%−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MU-USDT-SWAP	1,038	0	get 0.0000% / 8h	8m 13s	$29.8M	$100.1M	50x
Short	Bullet MU-USD	1,038.1	0.0007	get 0.0001% / 1h	8m 13s	$25K	$388K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against OKX. 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 OKXbpFee BulletbpOrdersPrice spread, now +0.008%Rate

Funding earned: $1.39
Price spread: +0.008% → +0.013%: −$0.46
Slippage, 4 orders: −$6.03
Fee OKX: 5 bp × 2 orders: −$10
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$23.11
Costs to cover: 0.240%
Break-even: 123.6 days

Slippage from OKX: live order book, 6 min ago; Bullet: 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 OKX live order book, 6 min ago	0.05 bp	6.5 bp −$7	8.0 bp −$80	19.5 bp −$1,946	doesn't fit
Sell Bullet live order book, 31 min ago	0.48 bp	6.2 bp −$6	21.0 bp −$210	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	−0.0764%	4h	1,037.8	−0.023%	$1.3M	$672K	10x	as long as short
Bitget MUUSDT	−0.0145%	8h	1,038.5	+0.041%	$20.2M	$39.9M	50x	as long as short
Aster MUUSD1	0.0000%	8h	1,038.4	+0.036%	$21.2M	$67.3M	20x	as long as short
Binance MUUSDT	0.0000%	8h	1,038.1	+0.010%	$122.3M	$537.0M	50x	as long as short
Bybit MUUSDT	0.0000%	8h	1,038.3	+0.027%	$18.8M	$32.2M	100x	as long as short
OKX MU-USDT-SWAPlong	0.0000%	8h	1,038	long leg	$29.8M	$100.1M	50x
RISEx MU/USDC	0.0000%	1h	1,038.4	+0.038%	$313K	$384K	20x	as long as short
Gate MU_USDT	0.0000%	8h	1,038.1	+0.004%	$61.5M	$28.4M	75x	as long as short
Variational Omni MU	0.0000%	8h	1,037.8	−0.027%	$2.5M	$2.6M	—	as long as short
GRVT MU_USDT_Perp	0.0000%	8h	1,037.9	−0.011%	$71K	$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	1,038.4	+0.032%	$188K	$3.5M	20x	as long as short
SunX MU-USDT	0.0000%	8h	1,039.6	+0.149%	$11K	$5.5M	10x	as long as short
HTX MU-USDT	0.0000%	8h	1,038.3	+0.025%	$126K	$481K	50x	as long as short
Bullet MU-USDshort	+0.0007%	1h	1,038.1	+0.008%	$25K	$388K	10x
Deribit MU_USDC-PERPETUAL	+0.0010%	1h	1,038	−0.002%	$74K	$619K	10x	as long as short
Nado MU-PERP	+0.0015%	1h	1,037.8	−0.025%	$280K	$804K	10x	as long as short
Aftermath Perps MUUSD	+0.0019%	1h	1,038.2	+0.018%	$3K	$44K	10x	as long as short
QFEX MU-USD	+0.0021%	1h	1,038.3	+0.025%	$7.0M	$18.7M	10x	as long as short
Lighter MU	+0.0032%	1h	1,038.2	+0.011%	$1.0M	$4.9M	20x	as long as short
Lighter RH MU	+0.0032%	1h	1,038.1	+0.001%	$1.1M	$4.5M	10x	as long as short
Extended MU_24_5-USD	+0.0032%	1h	1,037.8	−0.024%	$545K	$1.1M	10x	as long as short
Injective MU/USDC PERP	+0.0033%	1h	1,051.4	+1.283%	$19K	$5K	12x	as long as short
Arcus MU-USD	+0.0040%	1h	1,037.8	−0.021%	$90K	$244K	10x	as long as short
Vest MU-USD-PERP	+0.0046%	1h	1,038.5	+0.041%	—	$175K	25x	as long as short
tradeXYZ xyz:MU	+0.0050%	1h	1,037.9	−0.013%	$176.3M	$80.2M	10x	as long as short
Polymarket Perps MU-USD	+0.0050%	1h	1,038	−0.004%	$168K	$177K	10x	as long as short
SoDEX MU-USD	+0.0050%	1h	1,038.1	+0.006%	$681K	$15K	10x	as long as short
Paradex MU-USD-PERP	+0.0050%	8h	1,038.5	+0.041%	$2K	—	5x	as long as short
Ondo Perps MU-USD.P	+0.0050%	1h	1,037.8	−0.020%	$1.8M	$2.7M	10x	as long as short
Aevo MU-PERP	+0.0080%	1h	1,037.8	−0.019%	$32K	$1K	10x	as long as short
Coinbase International MU-PERP-INTX	+0.0080%	1h	1,038.3	+0.029%	$726K	$1.2M	10x	as long as short
Pacifica MU	+0.0100%	1h	1,038.1	+0.004%	$145K	$191K	10x	as long as short
KuCoin MUUSDTM	+0.0100%	8h	1,037.9	−0.012%	$5.2M	$4.1M	20x	as long as short
ApeX Omni MUUSDT	+0.0100%	1h	1,038	−0.006%	$70K	$269K	50x	as long as short
Orderly PERP_MU_USDC_mythos	+0.0100%	8h	1,038.1	+0.007%	$825	$799	20x	as long as short
BloFin MU-USDT	+0.0120%	8h	1,038.5	+0.047%	$1.5M	$2.1M	20x	as long as short
Phoenix MU	+0.0232%	1h	1,038.9	+0.083%	$531K	$270K	15x	as long as short